About Evolution Infosystem India Private Limited
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Evolution Infosystem India Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 24 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2019PTC108330. Its GSTIN is 24AAFCE5016Q1ZG (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Parin Hiteshbhai Thakrar and Hiteshkumar Ramjibhai Thakrar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 1224 – 1225 Rk Empire Near Mavdi Circle 150 Feet Ring Road, Rajkot, Gujarat, India – 360005.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.76 Cr, a growth of 104% compared to the previous year. For the same year it recorded a net profit of ₹1.74 Lakh (net margin 1%) and EBITDA of ₹6.47 Lakh (EBITDA margin 3.7%). Revenue has grown at a compounded annual rate (CAGR) of 139% over three years.
For more details, the company can be reached via its website evolutioninfosystem.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address1224 – 1225 Rk Empire Near Mavdi Circle 150 Feet Ring Road, Rajkot, Gujarat, India – 360005
- IndustryInformation Technology, Application Development & Software Solutions
- 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 Infosystem India Private Limited
The main business activity of Evolution Infosystem India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Infosystem India Private Limited FY 2024 filings available
Evolution Infosystem India Private Limited reported revenue of ₹1.76 Cr (up 104% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Evolution Infosystem India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 139% over three years, including 104% growth in the latest year. EBITDA rose 30% 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 Infosystem India Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹6.47 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.74 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 of Evolution Infosystem India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1% | •••• | •••• | •••• | •••• |
| 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 Infosystem India are in the company report.
Financial statements from FY 2020
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 Infosystem India Private Limited
Evolution Infosystem India Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Caladium Technology Solutions Private Limited | ₹1.77 Cr (FY 2025) | •••• | •••• | 113.0% | •••• | Pune, Maharashtra, India |
| Acsz Tech Private Limited | ₹1.76 Cr (FY 2024) | •••• | •••• | 2037.0% | •••• | Chennai, Tamil Nadu, India |
| Sysdiva Consultants Private Limited | ₹1.76 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Faridabad, Haryana, India |
| Techtheos Technologies Private Limited | ₹1.76 Cr (FY 2024) | •••• | •••• | •••• | Varthur, Karnataka, India | |
| Techmarbles Web Solutions Private Limited | ₹1.76 Cr (FY 2024) | •••• | •••• | -39.0% | •••• | Mohali, Punjab, India |
| Evolution Infosystem India Private Limited this company | ₹1.76 Cr (FY 2024) | •••• | •••• | 104.0% | •••• | Rajkot, Gujarat, India |
| Desun Technology Private Limited | ₹1.76 Cr (FY 2024) | •••• | •••• | 230.0% | •••• | Kolkata, West Bengal, India |
| Ghadir Tech Private Limited | ₹1.76 Cr (FY 2025) | •••• | •••• | 40480.0% | •••• | Lucknow, Uttar Pradesh, India |
| Digital Di Consultants Private Limited | ₹1.76 Cr (FY 2024) | •••• | •••• | 132.0% | •••• | Bangalore, Karnataka, India |
| Mnine Consulting Private Limited | ₹1.76 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Hyderabad, Telangana, India |
| Praan Climate Technologies Private Limited | ₹1.76 Cr (FY 2024) | •••• | •••• | 36.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Evolution Infosystem India by revenue in the same principal business activity (Computer programming, consultancy and related activities), 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 Infosystem India Private Limited
Evolution Infosystem India Private Limited is audited by P S GONDHIYA AND ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P S GONDHIYA AND ASSOCIATES | 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 Infosystem India Private Limited
Evolution Infosystem India has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parin Hiteshbhai Thakrar | Director | 24 May 2019 | 7 Years 4 Months | Current |
| Hiteshkumar Ramjibhai Thakrar | Director | 24 May 2019 | 7 Years 4 Months | Current |
Ownership and Shareholding of Evolution Infosystem India 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 Infosystem India Private Limited
Evolution Infosystem India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Evolution Infosystem India Private Limited
Employment history and EPFO contributions of people linked to Evolution Infosystem India.
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 Infosystem India Private Limited
Evolution Infosystem India Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Hiteshkumar Ramjibhai Thakrar was appointed as Director on 24 May 2019.
Credit Ratings, Litigation & Regulatory Alerts for Evolution Infosystem India 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 Infosystem India 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 Infosystem India 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 Infosystem India Private Limited
Evolution Infosystem India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCE5016Q1ZG | Gujarat | Active | 10 Dec 2021 |
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 Infosystem India 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 Infosystem India Private Limited
Evolution Infosystem India is an active private limited company based in Rajkot, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 24 May 2019 (7+ years old) and is registered under CIN U72900GJ2019PTC108330.
Evolution Infosystem India reported revenue of ₹1.76 Cr for FY 2024 (up 104% YoY).
Evolution Infosystem India has 2 current directors:
- Parin Hiteshbhai Thakrar - Director
- Hiteshkumar Ramjibhai Thakrar - Director
Evolution Infosystem India reported a net profit of ₹1.74 Lakh (net margin 1%) and EBITDA of ₹6.47 Lakh (EBITDA margin 3.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Evolution Infosystem India is 139% over three years. In the latest year (FY 2024) revenue rose 104%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Evolution Infosystem India is 24AAFCE5016Q1ZG, registered in Gujarat.
The CIN (Corporate Identification Number) of Evolution Infosystem India is U72900GJ2019PTC108330. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evolution Infosystem India was incorporated on 24 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Evolution Infosystem India by revenue are Caladium Technology Solutions Private Limited, Acsz Tech Private Limited, Sysdiva Consultants Private Limited, Techtheos Technologies Private Limited, Techmarbles Web Solutions Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Hiteshkumar Ramjibhai Thakrar was appointed as Director on 24 May 2019. Parin Hiteshbhai Thakrar was appointed as Director on 24 May 2019.
Evolution Infosystem India can be reached through the website evolutioninfosystem.com. Its registered office is in Rajkot, Gujarat, India.