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About Evolution Digital (India) Private Limited
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Evolution Digital (India) Private Limited is a foreign private limited company based in New Delhi, Delhi, India, a subsidiary of Evo Solutions Llc. It operates in the computer programming segment of the technology and IT services sector. It was incorporated on 16 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900DL2015FTC286553. Its GSTIN is 07AAECE0875A1Z1 (Delhi). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Kyle Scott Gielow and Christopher Egan James.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at G – 92 Basement Kalkaji, New Delhi, Delhi, India – 110019.
As per the financials filed for FY 2023, the company reported a revenue of ₹17.86 Lakh, a growth of 150% compared to the previous year. For the same year it recorded a net loss of ₹56.53 Lakh (net margin -316.5%) and EBITDA of -₹54.64 Lakh (EBITDA margin -305.9%). Revenue has declined at a compounded annual rate (CAGR) of 75% over three years and 55% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website evolutiondigital.com.
Company details
Contact details
Evolution Digital (India) Private Limited's registered office is in New Delhi, Delhi. Its website is evolutiondigital.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressG – 92 Basement Kalkaji, New Delhi, Delhi, India – 110019
- IndustryInformation Technology, Computer Programming, Consultancy
To see the full contact details of Evolution Digital (India) Private Limited, buy the company report.
- 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
Financials of Evolution Digital (India) Private Limited
FY 2023 filings availableEvolution Digital (India) Private Limited reported revenue of ₹17.86 Lakh (up 150% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 150% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 55%. EBITDA rose 2% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹17.86 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹54.64 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹56.53 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -305.9% | ||||
| Net Profit Margin | -316.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Evolution Digital (India) Private Limited, buy the company report.
Board of directors of Evolution Digital (India) Private Limited
Evolution Digital (India) has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kyle Scott Gielow | Director | 22 Oct 2015 | 11 Years 0 Months | Current |
| Christopher Egan James | Director | 22 Oct 2015 | 11 Years 0 Months | Current |
| Panneer Selvam Ramalingam Also directs: Velospear Technologies India Private Limited | Director | 22 Oct 2015 | 11 Years 0 Months | Current |
Auditor
Evolution Digital (India) Private Limited is audited by Ashok Maheshwary & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ashok Maheshwary & Associates LLP | FY 2023 | 003446N/N500031 |
Shareholding
The shareholding of Evolution Digital (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Evolution Digital (India) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Evolution Digital (India) 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 Evolution Digital (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Evolution Digital (India) Private Limited has a workforce of 2 employees on its EPFO records as of Apr 2022, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2022-23 | 2 |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Evolution Digital (India) Private Limited, buy the company report.
GST
Evolution Digital (India) has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAECE0875A1Z1 | Delhi | Active | 30 Aug 2017 |
| 33AAECE0875A6Z1 | Tamil Nadu | Active | 01 Jul 2017 |
| 29AAECE0875A2ZU | Karnataka | Active | 11 Aug 2017 |
To see the full GST registrations and return filing status of Evolution Digital (India) Private Limited, buy the company report.
Recent activity
Evolution Digital (India) Private Limited has 8 board changes on record since 2015: 3 appointments and 5 cessations. The latest: Christopher Egan James ceased to be Additional Director on 30 Dec 2016.
News
Frequently asked questions
Evolution Digital (India) is an active foreign private limited company based in New Delhi, Delhi, India. The company works in computer programming, within the information technology industry. It was incorporated on 16 October 2015 (11+ years old) and is registered under CIN U72900DL2015FTC286553.
Evolution Digital (India) has 3 current directors:
- Kyle Scott Gielow - Director
- Christopher Egan James - Director
- Panneer Selvam Ramalingam - Director
The latest financial statements of Evolution Digital (India) on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Evolution Digital (India) is 07AAECE0875A1Z1, registered in Delhi. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 33AAECE0875A6Z1 (Tamil Nadu), 29AAECE0875A2ZU (Karnataka).
The CIN (Corporate Identification Number) of Evolution Digital (India) is U72900DL2015FTC286553. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evolution Digital (India) was incorporated on 16 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Delhi.
Christopher Egan James ceased to be Additional Director on 30 Dec 2016. Kyle Scott Gielow ceased to be Additional Director on 30 Dec 2016. Panneer Selvam Ramalingam ceased to be Additional Director on 30 Dec 2016. Evolution Digital (India) has 8 board changes on record in total.
Evolution Digital (India) can be reached through the website evolutiondigital.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Evolution Digital (India) is at G – 92 Basement Kalkaji, New Delhi, Delhi, India – 110019.
Evolution Digital (India) operates in the information technology industry, in the computer programming segment.
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