Study: Large services companies lead in asset ownership

NEW DELHI: Larger enterprises with an output of Rs 500 crore and above dominate in terms of asset ownership (62.8%), net fixed capital formation (62.7%), gross value added (69.5%), and total compensation (63.2%), a pilot study of the annual survey of services sector enterprises showed on Wednesday.

The data also showed that enterprises with an output below Rs 500 crore accounted for over 63% of total employment and 36.8% of total compensation. The majority of corporate entities in the pilot study are private limited companies (82.4%) during FY2022-23, followed by public limited companies and limited liability partnerships (each with a nearly 8% share). The same trend is visible for all broad activity categories (BAC) such as construction, trade, and other services.

The results of the study also showed that overall, 28.5% of enterprises reported having additional places of business within the state. This percentage was observed to be the highest in trade sector, with 41.8% of enterprises belonging to this sector reporting additional places of business in the state.

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