Startup India Government of India
Evage Ventures Private Limited - automotive in Chandigarh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹14.87 Cr
▲ 27% YoY
Net loss · FY 2024
₹39.43 Cr
Net margin -265.2%
EBITDA · FY 2024
-₹28.39 Cr
EBITDA margin -190.9%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹5.72 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
5
As per MCA filings
Active GSTINs
1
GST registered
About Evage Ventures Private Limited
Data last updated:
Evage Ventures Private Limited is a private limited company based in Chandigarh, India, recognised as a startup by DPIIT. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 12 February 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U34300CH2019PTC042376. Its GSTIN is 03AAFCE3734M1ZN (Punjab).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹5.72 Lakh. It is led by directors including Pulkit Srivastava and Inderveer Singh Panesar.
Its last annual general meeting (AGM) was held on 30 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 23 Sector 48 Kendriya Vihar, Chandigarh, India – 160047.
As per the financials filed for FY 2024, the company reported a revenue of ₹14.87 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net loss of ₹39.43 Cr (net margin -265.2%) and EBITDA of -₹28.39 Cr (EBITDA margin -190.9%). Revenue has grown at a compounded annual rate (CAGR) of 408% over three years.
Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: EVage Motors and EVage. Court records list 3 cases involving the company, including 3 filed against it; 1 case is pending. The company has 9 deals on record (4 funding rounds, 3 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹157.26 Cr; the latest was in January 2024. Its 10 peer companies in the Automobiles industry (Electric and Bio Fuel Vehicles) are compared by revenue, 5 larger and 5 smaller; the largest is Ngage Wheel Private Limited with revenue of ₹4.22 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 7 overdue payments to 6 micro and small suppliers.
Evage Ventures Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-CH-01-0000545). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website evage.in.
Company details
CIN U34300CH2019PTC042376
Registration Number 042376
Incorporation Date 12 February 2019
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 November 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-CH-01-0000545
Key People
Pulkit Srivastava Director Inderveer Singh Panesar Director Prescott Mathis Watson Nominee Director Recognitions & Rankings of Evage Ventures
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2021-22)
- Udyam number
- UDYAM-CH-01-0000545
Contact details
Evage Ventures Private Limited's registered office is in Chandigarh, Chandigarh. Its website is evage.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address23 Sector 48 Kendriya Vihar, Chandigarh, India – 160047
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
To see the full contact details of Evage Ventures Private Limited, buy the company report.
Comprehensive company report
Evage Ventures Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Evage Ventures operates two associated brands: EVage Motors and EVage. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures high-quality electric cargo trucks for commercial applications. | evagemotors.com | |
| Developer of electric commercial vehicles | evage.in |
Financials of Evage Ventures Private Limited
FY 2024 filings availableEvage Ventures Private Limited reported revenue of ₹14.87 Cr (up 27% YoY) for FY 2024.
Revenue · FY 2024
₹14.87 Cr ▲ 27%
Net loss · FY 2024
₹39.43 Cr margin -265.2%
EBITDA · FY 2024
-₹28.39 Cr margin -190.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 27%
3 years · compounded
▲ 408%
EBITDA CAGR growth
1 year
▼ 23%
3 years · compounded
▼ 184%
Revenue has grown at a compounded annual rate (CAGR) of 408% over three years, including 27% growth in the latest year. EBITDA fell 23% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹14.87 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹28.39 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹39.43 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -190.9% | ||||
| Net Profit Margin | -265.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Evage Ventures Private Limited, buy the company report.
Board of directors of Evage Ventures Private Limited
Evage Ventures has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pulkit Srivastava Also directs: Evage Automotive Private Limited, Evage Mobility Private Limited | Director | 26 Aug 2019 | 7 Years 2 Months | Current |
| Inderveer Singh Panesar Also directs: Evage Automotive Private Limited, Evage Mobility Private Limited | Director | 12 Feb 2019 | 7 Years 8 Months | Current |
| Prescott Mathis Watson | Nominee Director | 21 Dec 2021 | 4 Years 10 Months | Current |
| Yonatan Olaf Sakkers | Director | 11 Apr 2023 | 3 Years 6 Months | Current |
| Anmol Avinash Nayyar | Director | 21 Dec 2021 | 4 Years 10 Months | Current |
Peer comparison
Evage Ventures Private Limited is compared with the 10 companies closest to it by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Evage Ventures Private Limitedthis company | ₹14.87 Cr (FY 2024) | -₹39.43 Cr | -265.2% | 27.0% | Chandigarh, India | |
| Ngage Wheel Private Limited | ₹4.22 Cr (FY 2025) | 543.0% | Kolkata, West Bengal, India | |||
| Billion Electric Mobility Private Limited | ₹4.22 Cr (FY 2025) | -41.0% | Vadodara, Gujarat, India | |||
| Xidaa Moto Private Limited | ₹4.19 Cr (FY 2024) | 19.0% | New Delhi, Delhi, India | |||
| Zero 21 Renewable Energy Solutions Private Limited | ₹4.13 Cr (FY 2024) | 86.0% | Hyderabad, Telangana, India | |||
| Comptech Motocorp Private Limited | ₹4.13 Cr (FY 2025) | Dehgam, Gujarat, India | ||||
| Jessun Techno Private Limited | ₹4.08 Cr (FY 2022) | 396.0% | Delhi, India | |||
| Srivaru Motors Private Limited | ₹4.07 Cr (FY 2025) | 246.0% | Palladam, Tamil Nadu, India | |||
| Georubric Engineers Private Limited | ₹4.07 Cr (FY 2023) | 2099.0% | Pune, Maharashtra, India | |||
| Verdemobility India Private Limited | ₹4.06 Cr (FY 2024) | 411.0% | Anand, Gujarat, India | |||
| Haitek Automotive Private Limited | ₹4.01 Cr (FY 2024) | 609.0% | Serampore, West Bengal, India |
To see the full peer comparison of Evage Ventures Private Limited, buy the company report.
Auditor
Evage Ventures Private Limited is audited by WALKER CHANDIOK & CO LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| WALKER CHANDIOK & CO LLP | FY 2024 | 001076N/N500013 |
Shareholding
The shareholding of Evage Ventures Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Evage Ventures Private Limited, buy the company report.
Deals & funding
Evage Ventures Private Limited has 9 deals on record (4 funding rounds, 3 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹157.26 Cr; the latest was in January 2024.
Total deals
9
Funding rounds
4
Secondary share transfers
3
Convertible or debt financings
2
Disclosed funding
₹157.26 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2022 | Funding round | ₹38.6 Lakh | Investors: 3 individuals |
| Jan 2022 | Funding round · Seed | ₹118.5 Cr | Investors: India Green Growth Fund LP, an individual |
| Jul 2021 | Funding round | ₹4.88 Cr | Investors: S Chand Properties Private Limited , Saira Viaan Trading LLP , Onnivation, an individual |
| Jul 2021 | Funding round | ₹29.83 Cr | Investors: Maniv Mobility |
| Feb 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
To see the full deal history of Evage Ventures Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Evage Ventures Private Limited has 3 court cases on record: 3 filed against it. 1 case is pending and 2 are disposed.
Total cases
3
Filed against the company
3
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SAS Nagar, Punjab | Execution petition | Filed against the company by an individual | Pending |
| District court, Gurugram, Haryana | Execution petition | Filed against the company by an individual | Disposed |
| District court, Gurugram, Haryana | Commercial suit | Filed against the company by an individual | Disposed |
To see the full case history of Evage Ventures Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Evage Ventures Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 7 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sunvisors (India) Private Limited | |||
| an individual supplier | |||
| Printemporio Corporation Private Limited | |||
| Oswal Poly Rubbers | |||
| an individual supplier |
To see the full MSME payment records of Evage Ventures Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Evage Ventures has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Evage Automotive Private Limited | U34100CH2020PTC042947 | |
| Evage Mobility Private Limited | U60300CH2020PTC042943 |
To see the full group structure of Evage Ventures Private Limited, buy the company report.
GST
Evage Ventures has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAFCE3734M1ZN | Punjab | Active | 09 Oct 2019 |
To see the full GST registrations and return filing status of Evage Ventures Private Limited, buy the company report.
Recent activity
Evage Ventures Private Limited has 7 board changes on record since 2019: 5 appointments and 2 cessations. The latest: Yonatan Olaf Sakkers was appointed as Director on 11 Apr 2023.
AGM
Evage Ventures Private Limited last Annual general meeting of members was held on 30 Nov 2024 as per latest MCA records.
Filing
Evage Ventures Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
Appointed
Yonatan Olaf Sakkers was appointed as Director.
Appointed
Anmol Avinash Nayyar was appointed as Director.
Appointed
Prescott Mathis Watson was appointed as Nominee Director.
Ceased
Harnoor Kaur ceased to be Director.
Ceased
Michael Jonathan Granoff ceased to be Nominee Director.
Appointed
Pulkit Srivastava was appointed as Director.
Appointed
Inderveer Singh Panesar was appointed as Director.
Incorporation
12 Feb 2019
Evage Ventures Private Limited was registered on 12 Feb 2019 with Roc Chandigarh & aged 7 years 8 months as per MCA records.
News
Frequently asked questions
Evage Ventures is an active private limited company based in Chandigarh, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 12 February 2019 (7+ years old) and is registered under CIN U34300CH2019PTC042376.
Evage Ventures has 5 current directors:
- Pulkit Srivastava - Director
- Inderveer Singh Panesar - Director
- Prescott Mathis Watson - Nominee Director
- Yonatan Olaf Sakkers - Director
- Anmol Avinash Nayyar - Director
The latest financial statements of Evage Ventures on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 November 2024. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Evage Ventures is 03AAFCE3734M1ZN, registered in Punjab.
The CIN (Corporate Identification Number) of Evage Ventures is U34300CH2019PTC042376. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evage Ventures has 3 court cases on record: 3 filed against it. 1 is pending.
Evage Ventures was incorporated on 12 February 2019, making it 7+ years old. It is registered with the Registrar of Companies, Chandigarh.
Evage Ventures has 9 deals on record (4 funding rounds, 3 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹157.26 Cr; the latest was in January 2024.
The peers of Evage Ventures by revenue are Ngage Wheel Private Limited, Billion Electric Mobility Private Limited, Xidaa Moto Private Limited, Zero 21 Renewable Energy Solutions Private Limited, Comptech Motocorp Private Limited and 5 more, all in the Automobiles industry (Electric and Bio Fuel Vehicles).
Yonatan Olaf Sakkers was appointed as Director on 11 Apr 2023. Anmol Avinash Nayyar was appointed as Director on 21 Dec 2021. Prescott Mathis Watson was appointed as Nominee Director on 21 Dec 2021. Evage Ventures has 7 board changes on record in total.
Yes, Evage Ventures is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Evage Ventures is registered as a micro enterprise under Udyam registration (number: UDYAM-CH-01-0000545).