The MSME registration asks for the business activity by NIC code. For this activity, that activity is 46103.
NIC code · National Industrial Classification 2008
46103 is the 5-digit NIC 2008 code for the activity named above: a sub-class of class 4610, wholesale on a fee or contract basis, within division 46, wholesale trade, except of motor vehicles and motorcycles. Search a code or activity below, or copy the code for your Udyam or SPICe+ form.
This code
Division 46Group 461Class 4610Sub-class 46103
Activities of commission agents dealing in wholesale trade in machinery & equipment, other than transport machinery
Sub-class 46103 · Class 4610 · Group 461 · Division 46 · Section G, NIC 2008
The code
Where the code sits in the National Industrial Classification 2008, from section to sub-class, in the official wording.
461035 digits: 46 + 1 + 0 + 3NIC 2025 · Notice dated 16 October 2026
On 18 November 2025 the Ministry of Statistics and Programme Implementation released NIC 2025, which uses 6-digit codes aligned with the UN's ISIC Revision 5. This page shows the NIC 2008 code 46103. The matching NIC 2025 code will be added here once it is mapped from MoSPI's official concordance.
How to read it
An NIC code is built in layers. Each digit narrows the one before it: the division, the group, the class, and finally the 5-digit sub-class. Divisions themselves are grouped under lettered sections.
The broadest numbered layer. Division 46 covers wholesale trade, except of motor vehicles and motorcycles. It sits in section G, wholesale and retail trade; repair of motor vehicles and motorcycles.
Wholesale on a fee or contract basis.
Wholesale on a fee or contract basis. The official note for this class is quoted below.
Activities of commission agents dealing in wholesale trade in machinery & equipment, other than transport machinery. The full 5-digit code you enter where a form asks for the business activity by NIC code.
What it covers
46103 is a sub-class of class 4610, wholesale on a fee or contract basis. The NIC 2008 document explains the class in the note below, quoted exactly.
This class includes activities of commission agents, commodity brokers, auctioneers and all other wholesalers who trade on behalf and on the account of others and activities of those involved in bringing sellers and buyers together or undertaking commercial transactions on behalf of a principal, including on the internet
This class excludes:
- - wholesale trade in own name, see 462 to 469
- - activities of commission agents for motor vehicles, see 4510
- - auctions of motor vehicles, see 4510
- - retail sale by non-store commission agents, see 4799
- - activities of insurance agents, see 6622
- - activities of real estate agents, see 6820
Where you use it
Two registration forms ask for the business activity by NIC code. This is where 46103 is entered.
The MSME registration asks for the business activity by NIC code. For this activity, that activity is 46103.
The company incorporation form asks for the main industrial activity of the proposed company by NIC code.
Not GST. GST registration does not use NIC codes; goods and services there are classified by HSN and SAC codes.
Choosing the right code
46103 is for the activity named at the top of this page. The codes below sit closest to it in NIC 2008: the other sub-classes of class 4610. Each has its own page with the official wording.
46109Class 4610 · another sub-class of the same class46101Class 4610 · another sub-class of the same class46102Class 4610 · another sub-class of the same classClass 4610 has 4 sub-classes in NIC 2008, including 46103.
Questions
Activities of commission agents dealing in wholesale trade in machinery & equipment, other than transport machinery, in the National Industrial Classification 2008. It is a sub-class of class 4610, wholesale on a fee or contract basis.
Class 4610, wholesale on a fee or contract basis, has 4 sub-classes in NIC 2008. Besides 46103, they are: 46109 (Activities of other commission agents n.e.c. (including commission agents working in emerging areas for wholesale trade)); 46101 (Activities of commission agents, brokers dealing in wholesale trade of agricultural raw material, live animals, food, beverages, intoxicants and textiles); 46102 (Activities of commission agents dealing in wholesale trade inwood, paper, skin, leather and fur, fuel, petroleum products, chemicals, perfumery and cosmetics, glass, minerals, ores and metals).
In Udyam Registration, which asks for the business activity by NIC code, and in the SPICe+ company incorporation form, which asks for the main industrial activity by NIC code. GST registration does not use NIC codes.
About this page
The section, division, group, class and sub-class on this page, and the explanatory note for class 4610, are taken word for word from the official document “National Industrial Classification (All Economic Activities) 2008”, Central Statistical Organisation, Ministry of Statistics and Programme Implementation, Government of India.
This is reference information on the classification of a business activity. It is not advice on which code your own business should declare, and the official NIC document prevails if the two ever differ. A change in the classification, including the MoSPI concordance to NIC 2025, re-opens this page for checking.
Not sure which code fits your activity, or spotted a mismatch? Use the WhatsApp button on this page and tell us what the business sells and how.