37 suspected shell firms formed in one PIN code '700001'
Of the 331 suspected shell companies identified by SEBI, as many as 37 were formed in just one PIN code, 700001, in Central Kolkata. Further, as many as 141 of these were registered in West Bengal. Notably, of about 6,88,000 companies formed in India since January 2010, 13,274 companies have been formed in just this PIN code in Kolkata.