About Evolution Healthcare Private Limited
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Evolution Healthcare Private Limited is a private limited company based in Surat, Gujarat, India, recognised as a startup by DPIIT. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 03 June 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U33116GJ2011PTC065728. Its GSTIN is 24AACCE7299J1Z8 (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Dillip Kumar Niranjan Sahoo and Niranjan Sahoo.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at D7 – 27 Gita Nagar Adajan, Surat, Gujarat, India – 395009.
As per the financials filed for FY 2025, the company reported a revenue of ₹51.39 Lakh, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹29,839 (net margin 0.6%) and EBITDA of ₹74,305 (EBITDA margin 1.4%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 2% over five years.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website evolutionhealthcare.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressD7 – 27 Gita Nagar Adajan, Surat, Gujarat, India – 395009
- IndustryHealthcare, Medical & Laboratory Equipment
- 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
- One PDF report, delivered after checkout
Business Activity of Evolution Healthcare Private Limited
The main business activity of Evolution Healthcare is hospital and medical care. In detail, this covers other hospital and medical care activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Q | Hospital and Medical Care | Q6 | Other Hospital and Medical Care Activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Evolution Healthcare Private Limited FY 2025 filings available
Evolution Healthcare Private Limited reported revenue of ₹51.39 Lakh (down 13% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Evolution Healthcare Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 13% fall in the latest year. EBITDA fell 32% 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 of Evolution Healthcare Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹74,305 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹29,839 | •••• | •••• | •••• | •••• |
| 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 of Evolution Healthcare Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Evolution Healthcare are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Evolution Healthcare Private Limited
Evolution Healthcare Private Limited is compared with the companies closest to it by revenue in the Healthcare industry (Medical and Laboratory Equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aslot Instruments and Technologies Private Limited | ₹51.97 Lakh (FY 2025) | •••• | •••• | 35.0% | •••• | Vadodara, Gujarat, India |
| Vir Ortho (India) Private Limited | ₹51.79 Lakh (FY 2025) | •••• | •••• | -22.0% | •••• | Vadodara, Gujarat, India |
| Zoriox Innovation Labs Private Limited | ₹51.77 Lakh (FY 2023) | •••• | •••• | 8.0% | •••• | Chennai, Tamil Nadu, India |
| Genem Biotech Private Limited | ₹51.46 Lakh (FY 2025) | •••• | •••• | 247.0% | •••• | Vaishali, Bihar, India |
| Polus Systems Private Limited | ₹51.44 Lakh (FY 2024) | •••• | •••• | 4179.0% | •••• | Pune, Maharashtra, India |
| Evolution Healthcare Private Limited this company | ₹51.39 Lakh (FY 2025) | •••• | •••• | -13.0% | •••• | Surat, Gujarat, India |
| Spark Meditech Private Limited | ₹51.34 Lakh (FY 2025) | •••• | •••• | -18.0% | •••• | Kochi, Kerala, India |
| Medevice Technologies Private Limited | ₹51.32 Lakh (FY 2024) | •••• | •••• | 81.0% | •••• | Hyderabad, Telangana, India |
| Mudra Orthotic Private Limited | ₹51.11 Lakh (FY 2024) | •••• | •••• | -2.0% | •••• | Ahmedabad, Gujarat, India |
| Sanitara Healthcare Private Limited | ₹50.9 Lakh (FY 2024) | •••• | •••• | 293.0% | •••• | Aligarh, Uttar Pradesh, India |
| Inmed Equipments Private Limited | ₹50.71 Lakh (FY 2025) | •••• | •••• | -14.0% | •••• | Vadodara, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Evolution Healthcare by revenue in the Healthcare industry (Medical and Laboratory Equipment), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Evolution Healthcare Private Limited
Evolution Healthcare Private Limited is audited by MANDOWARA & MANDOWARA for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MANDOWARA & MANDOWARA | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Evolution Healthcare Private Limited
Evolution Healthcare has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dillip Kumar Niranjan Sahoo Also directs: Prosthetiz Healthcare Private Limited | Director | 03 Jun 2011 | 15 Years 4 Months | Current |
| Niranjan Sahoo | Director | 08 May 2017 | 9 Years 5 Months | Current |
Ownership and Shareholding of Evolution Healthcare Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Evolution Healthcare Private Limited
Evolution Healthcare Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Evolution Healthcare Private Limited
Employment history and EPFO contributions of people linked to Evolution Healthcare.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Evolution Healthcare Private Limited
Evolution Healthcare Private Limited has 4 board changes on record since 2011: 3 appointments and 1 cessation. The latest: Sasmita Samal ceased to be Director on 09 May 2017.
Credit Ratings, Litigation & Regulatory Alerts for Evolution Healthcare Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Evolution Healthcare Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Evolution Healthcare Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Evolution Healthcare Private Limited
Evolution Healthcare has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCE7299J1Z8 | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Evolution Healthcare Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Evolution Healthcare Private Limited
Evolution Healthcare is an active private limited company based in Surat, Gujarat, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 03 June 2011 (15+ years old) and is registered under CIN U33116GJ2011PTC065728.
Evolution Healthcare reported revenue of ₹51.39 Lakh for FY 2025 (down 13% YoY).
Evolution Healthcare has 2 current directors:
- Dillip Kumar Niranjan Sahoo - Director
- Niranjan Sahoo - Director
Evolution Healthcare reported a net profit of ₹29,839 (net margin 0.6%) and EBITDA of ₹74,305 (EBITDA margin 1.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Evolution Healthcare is 34% over three years and -2% over five years. In the latest year (FY 2025) revenue fell 13%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Evolution Healthcare is 24AACCE7299J1Z8, registered in Gujarat.
The CIN (Corporate Identification Number) of Evolution Healthcare is U33116GJ2011PTC065728. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evolution Healthcare was incorporated on 03 June 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Evolution Healthcare by revenue are Aslot Instruments and Technologies Private Limited, Vir Ortho (India) Private Limited, Zoriox Innovation Labs Private Limited, Genem Biotech Private Limited, Polus Systems Private Limited and 5 more, all in the Healthcare industry (Medical and Laboratory Equipment).
Sasmita Samal ceased to be Director on 09 May 2017. Niranjan Sahoo was appointed as Director on 08 May 2017. Dillip Kumar Niranjan Sahoo was appointed as Director on 03 Jun 2011. Evolution Healthcare has 4 board changes on record in total.
Yes, Evolution Healthcare is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).