DIRECTORS & KEY MANAGERIAL PERSONNEL

a) GENDER WISE DISTRIBUTIONS

Introduction of Companies Act 2013, mandated the appointment of a Women Director on Board for a certain class of companies, which consequently resulted in the rapid increase of women directors in India. This also supports the initiative of Women's empowerment, as led by the Government of India. This rise is further expected to increase in the future, considering the contribution of women in the Indian economy.

b) AGE WISE DISTRIBUTIONS

More than 50% of the directors and Key Managerial Personnel (KMP) belong to an age limit of 30 – 50 years followed by approximately 30% directors and KMPs in 50-70 years. This depicts that the young generation is the major driving force of the corporate sector in India.

FILING STATUS OF COMPANIES

2006 to 2021

Companies Act 2013 made filing of financial statements compulsory in XBRL format for a certain class of companies. This change has led to the constant increase in filings made by active companies in India. The maximum number of XBRL filings were made in the year 2019. There has been a rise of around 69% in the total number of filings in 2020 as compared to 2011. Despite the pandemic, the fiscal year 2020 has received the maximum filings to date.



NUMBER OF ACTIVE FOREIGN DIRECTORS IN INDIA

Economic Liberalization introduced in the ’90s brought Foreign Direct Investments (FDI) in India which had led to the opening of many foreign companies. By providing a comfortable market and efficient human resources, the Indian economy is witnessing a high rise in the opening of foreign companies in the last decade.

The United States of America, the United Kingdom, and Japan comprise 49% of active foreign directors in India. Germany, Singapore, and Korea are other major countries having the majority of active foreign directors in India.


REGISTRATION TREND IN UNION TERRITORIES

2006 to 2021

Delhi being the Union Territory, making the highest contribution in India’s GDP, holds approximately 16.5% of total companies’ registrations. Puducherry becomes the fastest-growing Union Territory among all territories, which indicates a growing number of companies since 2012. 2019 formed UT, Ladakh has shown a rise of more than 100% in the number of registrations in FY2021 as compared to the preceding year.


STATES WITH MAXIMUM ACTIVE DIN REGISTRATIONS

Mr. Ratan Tata, the chairman of TATA Sons, is the first Indian director to be issued DIN by MCA in February 2006. Since then obtaining DIN has become mandatory for every director in India. Maharashtra appears to be the state with the highest registration of DINs and is further followed by Delhi and Uttar Pradesh. Tamil Nadu, West Bengal, Karnataka, and Gujarat are some other states having the majority of active DIN registrations.