The Reserve Bank of India (RBI) in its latest data has showed that net sales of non-financial private companies increased at a slower pace of 11.4 per cent in 2024-25 (FY25) as compared to 11.7 per cent in the previous year. The RBI published data relating to financial performance of non-government non-financial (NGNF) private limited companies during 2024-25 based on audited annual accounts of select 15,919 firms reported in the Indian Accounting Standards (Ind-AS) format.

It highlighted that services sector registered a 13.5 per cent growth in net sales during 2024-25, led by 'Trade -- wholesale & retail', 'Real Estate' and 'Transport and Storage services' sub-sectors. Sales growth in the manufacturing sector moderated marginally to 9.2 per cent in 2024-25 from 9.4 per cent in the previous year. Total paid-up capital (PUC) of these companies amounted to Rs 8,44,198 crore as at end-March 2025, which covered 40.3 per cent of the total PUC of NGNF private limited companies. 

It stated at the aggregate level, operating expenses increased at a faster pace in 2024-25 as compared to the previous year, mainly due to higher manufacturing expenses and employee remuneration. Remuneration to employees grew in the services sector, while it eased in the manufacturing sector. Besides, it mentioned operating profit and profit after tax continued to show double-digit growth in 2024-25 on top of high growth in 2023-24. Gross capital formation (which includes fixed assets and inventories) accounted for 48.2 per cent of total fund usage, rising from 45.3% in the previous year.