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Look at a map of India's registered companies and most of it is pale. Then you see two dark patches — Maharashtra and Delhi. Between them, they hold 43 out of every 100 registered companies in a country of 140 crore people.
The paradox: Delhi has 2 crore people. Uttar Pradesh, right next door, has 24 crore. Yet Delhi has 5× more registered companies. Population doesn't explain it. Corporate ecosystems do.
This week we mapped all 22 lakh registered companies across India's 28 states and 8 UTs — and the picture is striking.
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