Archive · 12 Aug 2026

Over 36,000 firms shut operations in Maharashtra, government tells Parliament

Over 36,000 firms shut operations in Maharashtra, government tells Parliament

A place called Maharashtra, which is a big part of India, has seen a lot of companies close down.

The government shared news in Parliament that more than 36,000 companies shut in the last five years.

Most of the closed companies were in business services, which help other companies with things like advice or paperwork.

Many were also factories that make goods.

The biggest number of closures happened in the cities of Mumbai, Pune, and Thane.

Some leaders are unhappy and say the government's rules and corruption made it hard for businesses.

They also worry about the workers who lost their jobs.

The government says it does not have information on how many workers were affected.

When a company goes through a special process called insolvency, worker payments are decided according to the rules.

Leaders are continuing to ask for better data and better support for affected workers.

Sources