Article · 6 min read

OPC turnover limit: the old conversion rule and what changed in 2021

Razorpay Rize · razorpay.com Free Beginner India

A March 2026 explainer of the One Person Company limits: OPCs used to be forced to convert once turnover passed Rs 2 crore or paid-up capital Rs 50 lakh, and the Companies (Incorporation) Second Amendment Rules, 2021 removed that compulsory conversion.

  • An OPC can keep running after crossing Rs 2 crore turnover or Rs 50 lakh capital.
  • Conversion to a private limited is now a choice, made when you want more members or investors.
  • Guides that still describe a mandatory conversion trigger predate the 2021 amendment.
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The question it answers

  1. I'm a solo founder with no co-founder, does an OPC (One Person Company) make more sense than an LLP?

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