Indian MSME & Accounting Statistics for 2026
India's small-business sector formalised faster in five years than in the previous fifty. The Udyam Registration Portal opened in July 2020; by early 2026 it had registered more enterprises than most countries have businesses. Each one of those registrations implies a set of books that has to be kept, and in India that overwhelmingly means Tally.
The figures below are drawn from the Ministry of MSME's own statements to Parliament and from Tally's published company numbers. Every one links to where it was published.
Key statistics
7.86 crore
MSMEs registered on the Udyam Registration Portal and Udyam Assist Platform as of 27 February 2026.
Press Information Bureau, Ministry of MSME34.63 crore
employment reported across those registered enterprises.
Press Information Bureau, Ministry of MSME2.5+ million
businesses worldwide run their accounts on Tally, by the company's own count.
Tally Solutions42.89%
of registered MSMEs are trading enterprises — the segment with the highest bank-transaction volume per rupee of turnover.
Press Information Bureau, Ministry of MSMECumulative registrations on the Udyam Registration Portal by financial year, as reported by the Ministry of MSME. Source: Press Information Bureau, Government of India.
How many Indian businesses are now formally on the books
Formalisation is the story here: each registration is an entity that files, banks, and reconciles. For the accountants serving them, the bottleneck is rarely the ledger — it's getting a month of bank transactions into it. Converting the statement straight to Tally vouchers removes the retyping entirely.
7.86 crore
enterprises registered across Udyam URP and the Udyam Assist Platform as of 27 February 2026.
Press Information Bureau, Ministry of MSME7.83 crore
registered on the Udyam Registration Portal alone by 28 February 2026, up from 0.79 crore in 2022-23.
Press Information Bureau, Ministry of MSMEWhat kind of businesses they are
The sector split matters for bookkeeping load. Trading enterprises generate far more individual bank lines per rupee of turnover than manufacturers do, which is why a trader's monthly statement can run to hundreds of entries — and why reading them off a scan rather than retyping changes the economics of serving them.
The software those books are kept in
Tally's dominance is the reason bank data has to end up as XML vouchers rather than a spreadsheet. If you're choosing a converter, the practical question is whether it exports Tally XML at all — most Western tools don't. We compared the options in the best bank statement to Tally converters.
38+ years
Tally has been in operation, founded in 1986 as Peutronics Financial Accountant.
Tally Solutions800k+
learners trained through TallyEducation — a measure of how deep the skill base runs.
Tally SolutionsSkip the manual entry — convert a statement free
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Sources
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Last updated 2026-08-12.