A private limited company is a type of business structure in which the company is privately owned by a small group of individuals or a family, and its shares are not publicly traded on the stock market. This means that the number of shareholders is limited, and the shares cannot be sold to the general public. Source - https://www.kanakkupillai.com/learn/wp-content/uploads/2023/04/Private-Limited-Company-Registration-Process-in-India.pdf