MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-KR-03-0266470
Evate Technologies Private Limited - automotive in Bangalore, Karnataka, India. Directors, charges & compliance details.
Revenue · FY 2025
₹5.44 Lakh
▲ 283% YoY
Net loss · FY 2025
₹13.71 Lakh
Net margin -251.9%
EBITDA · FY 2025
-₹13.11 Lakh
EBITDA margin -240.7%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
3 yrs
Est. 2023
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Evate Technologies Private Limited
Data last updated:
Evate Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 25 April 2023.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U63999KA2023PTC172758. Its GSTIN is 29AAHCE5299F1Z6 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Vijay Hema Madhusudhan and Amit Shahani.
Its last annual general meeting (AGM) was held on 11 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.44 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹13.71 Lakh (net margin -251.9%) and EBITDA of -₹13.11 Lakh (EBITDA margin -240.7%).
Evate Technologies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0266470). For more details, the company can be reached via its website evatetech.com.
Company details
CIN U63999KA2023PTC172758
Registration Number 172758
Incorporation Date 25 April 2023
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 11 October 2025
Date of Balance Sheet 31 March 2025
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0266470
Recognitions & Rankings of Evate Technologies
Contact details
Evate Technologies Private Limited's registered office is in Bangalore, Karnataka.
- Registered AddressUnit No. 4 No. 93 East End Road, West Gate Manor Rv Road Basavanagudi, Bangalore, Karnataka, India – 560004
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
Comprehensive company report
Evate Technologies 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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Financials of Evate Technologies Private Limited
FY 2025 filings availableEvate Technologies Private Limited reported revenue of ₹5.44 Lakh (up 283% YoY) for FY 2025.
Revenue · FY 2025
₹5.44 Lakh ▲ 283%
Net loss · FY 2025
₹13.71 Lakh margin -251.9%
EBITDA · FY 2025
-₹13.11 Lakh margin -240.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 283%
EBITDA CAGR growth
1 year
▼ 92%
Revenue rose 283% in the latest year. EBITDA fell 92% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹13.11 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹13.71 Lakh | |
| 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 2024-25 | FY 2023-24 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -240.7% | |
| Net Profit Margin | -251.9% | |
| 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 Evate Technologies Private Limited, buy the company report.
Board of directors of Evate Technologies Private Limited
Evate Technologies has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Hema Madhusudhan Also directs: Enfrien Technologies and Solutions Private Limited | Director | 25 Apr 2023 | 3 Years 6 Months | Current |
| Amit Shahani | Director | 25 Apr 2023 | 3 Years 6 Months | Current |
Peer comparison
Evate Technologies Private Limited is compared with the 10 companies closest to it by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles, Other Financial Services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Heet Developers and Finance Private Limited | ₹5.46 Lakh (FY 2025) | Mumbai, Maharashtra, India | ||||
| Praja Securities Limited | ₹5.45 Lakh (FY 2025) | -99.0% | New Delhi, Delhi, India | |||
| Super Infincon. Private Limited | ₹5.45 Lakh (FY 2024) | 0.0% | Mumbai, Maharashtra, India | |||
| Growmore Consultants Private Limited | ₹5.45 Lakh (FY 2024) | 582.0% | Jaipur, Rajasthan, India | |||
| Abhinandan Enterprises Limited | ₹5.45 Lakh (FY 2025) | 21.0% | Mumbai, Maharashtra, India | |||
| Evate Technologies Private Limitedthis company | ₹5.44 Lakh (FY 2025) | -₹13.71 Lakh | -251.9% | 283.0% | Bangalore, Karnataka, India | |
| T Viraaj EV Private Limited | ₹5.44 Lakh (FY 2025) | Chakeri, Uttar Pradesh, India | ||||
| Lazio Investments Private Limited | ₹5.44 Lakh (FY 2017) | 3.0% | Goa, India | |||
| Wellabet Medsolutions Private Limited | ₹5.43 Lakh (FY 2021) | -82.0% | Chennai, Tamil Nadu, India | |||
| Gravity Commodeal Private Limited | ₹5.42 Lakh (FY 2025) | -65.0% | Kolkata, West Bengal, India | |||
| Hem Jeet Rivhu Trading Private Limited | ₹5.42 Lakh (FY 2025) | -58.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Evate Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Evate Technologies Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Evate Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Evate Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCE5299F1Z6 | Karnataka | Active | 10 Aug 2023 |
To see the full GST registrations and return filing status of Evate Technologies Private Limited, buy the company report.
Recent activity
Evate Technologies Private Limited has 2 board changes on record since 2023: 2 appointments. The latest: Amit Shahani was appointed as Director on 25 Apr 2023.
AGM
Evate Technologies Private Limited last Annual general meeting of members was held on 11 Oct 2025 as per latest MCA records.
Filing
Evate Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Amit Shahani was appointed as Director.
Appointed
Vijay Hema Madhusudhan was appointed as Director.
Incorporation
25 Apr 2023
Evate Technologies Private Limited was registered on 25 Apr 2023 with Roc Bangalore & aged 3 years 6 months as per MCA records.
Frequently asked questions
Evate Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 25 April 2023 (3+ years old) and is registered under CIN U63999KA2023PTC172758.
Evate Technologies has 2 current directors:
- Vijay Hema Madhusudhan - Director
- Amit Shahani - Director
The latest financial statements of Evate Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 11 October 2025. Year-wise statements from FY 2024 are in the company report.
The GSTIN of Evate Technologies is 29AAHCE5299F1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of Evate Technologies is U63999KA2023PTC172758. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evate Technologies was incorporated on 25 April 2023, making it 3+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Evate Technologies by revenue are Heet Developers and Finance Private Limited, Praja Securities Limited, Super Infincon. Private Limited, Growmore Consultants Private Limited, Abhinandan Enterprises Limited and 5 more, all in the Automobiles industry (Electric and Bio Fuel Vehicles, Other Financial Services).
Amit Shahani was appointed as Director on 25 Apr 2023. Vijay Hema Madhusudhan was appointed as Director on 25 Apr 2023.
Yes, Evate Technologies is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0266470).
Evate Technologies can be reached through the website evatetech.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Evate Technologies is at Unit No. 4 No. 93 East End Road, West Gate Manor Rv Road Basavanagudi, Bangalore, Karnataka, India – 560004.
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