How to start an IT Business in India?- List of Business structures, process of registration etc.

India lately has emerged as one of the fastest growing economies of the world. There are infinite opportunities and resources for all kinds of businesses. There is a large labor pull and ample opportunities to grow that can reap great benefits for both, the business and the economy at large. In recent years India has successfully established its information technology (IT) by enabling the IT service sector and developed prominent status for its capabilities in the outsourcing of IT services. It has covered for about 67 percent of the global IT outsourcing market.

What are Information Technology services?

Information Technology is a broad term that covers the use of technology, computers, and software to achieve operational efficiency. An Information Technology company covers the use of devices like computers and mobiles for storing, retrieving, and sending information.

Information Technology company

• An IT company has several different responsibilities that are the key to success in business.
• IT companies make it easy and possible for people to leverage and understand systems and devices to keep operations running smoothly in their organizations.

Business structures that can be registered as IT Company

An IT Company can opt for any of the following business structures:

• Private Limited Company
• Public Limited Company
• Limited Liability Partnership
• One Person Company
• Sole Proprietorship Firm
• Partnership Firm

If a foreign person wishes to start a business as an IT Company in India then he may register his business as an Indian Subsidiary However answer for “How to start a business in India?” remains the same. So, let us have a look at the process for starting a business.

Flow chart of IT Company Registration in India  

With many entities looking to set up business in India, there are a few things to consider when you’re going for registering your business in India. With that in mind, we’re happy to present a few fundamental steps that are necessary for registering any business in India. Below is the list of documents required to for starting a business in India.

Documents required to start a business in India

Startup India Registration  

Now if you are a startup, then you might require some more registrations and licenses, what are they? Let us have a look at the whole list of Registrations and Licenses required for registering a business as a startup in India.

Conclusion  

The Government of India’s make in India program, Policies of Ease of Doing Business, Large labour pool has certainly opened up the country’s long stagnating domestic manufacturing sector not only to the local investors but for the investors around the globe. There is a vast number of types of business that can be done in India successfully. Recently there has been a trend for businesses that can be run successfully via infinite digital & online platforms and the government has also supported this by digitizing the methods of registering a business in India.

Suggested Read: Why would it be good move to start a business in India?