Evolve HR Solutions Private Limited
About Evolve HR Solutions Private Limited
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Evolve HR Solutions Private Limited is a private limited company based in Ahmednagar, Maharashtra, India. It operates in the placement services segment of the professional services sector. It was incorporated on 05 November 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74900PN2012PTC145298. Its GSTIN is 27AADCE2139A1Z7 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Jitendra Devidasrao Ugle and Kiran Radhakrihan Patwardhan.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Second Floor 2275 Adat Bazar, Ahmednagar, Maharashtra, India – 414001.
As per the financials filed for FY 2019, the company reported a revenue of ₹22.06 Lakh, a decline of 70% compared to the previous year. For the same year it recorded a net profit of ₹1.68 Lakh (net margin 7.6%) and EBITDA of ₹2.01 Lakh (EBITDA margin 9.1%). Revenue has declined at a compounded annual rate (CAGR) of 29% over three years.
The company has about 151 employees on its provident fund (EPFO) records.
Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Evolve HR Solutions Private Limited's registered office is in Ahmednagar, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSecond Floor 2275 Adat Bazar, Ahmednagar, Maharashtra, India – 414001
- IndustryProfessional Services, Placement Services, Human Resources
To see the full contact details of Evolve HR Solutions 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
Business activity
The main business activity of Evolve HR Solutions is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services |
To see the full business activity and turnover split of Evolve HR Solutions Private Limited, buy the company report.
Financials of Evolve HR Solutions Private Limited
FY 2019 filings availableEvolve HR Solutions Private Limited reported revenue of ₹22.06 Lakh (down 70% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 29% over three years, including a 70% fall in the latest year. EBITDA rose 108% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹2.01 Lakh | ||||
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| Net Profit (PAT) | ₹1.68 Lakh | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | |||||
| EBITDA Margin | 9.1% | ||||
| Net Profit Margin | 7.6% | ||||
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To see the full financial statements and ratios of Evolve HR Solutions Private Limited, buy the company report.
Board of directors of Evolve HR Solutions Private Limited
Evolve HR Solutions has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jitendra Devidasrao Ugle Also directs: Force Appliances Private Limited, Synergy HR Solutions Private Limited, Strides HR Solution India Private Limited and 1 more | Director | 01 Nov 2018 | 7 Years 11 Months | Current |
| Kiran Radhakrihan Patwardhan | Director | 01 Nov 2018 | 7 Years 11 Months | Current |
| Jayawant Narayan Shinde | Director | 08 Jan 2015 | 11 Years 9 Months | Current |
Peer comparison
Evolve HR Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (placement agencies and hr management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Afflatus HR Services Private Limited | ₹22.15 Lakh (FY 2024) | -54.0% | New Delhi, Delhi, India | |||
| Skill Match Infotech Private Limited | ₹22.14 Lakh (FY 2024) | 5.0% | Thane, Maharashtra, India | |||
| Samish Manpower and Security Service (OPC) Private Limited | ₹22.12 Lakh (FY 2024) | 238.0% | Srinagar, Jammu and Kashmir, India | |||
| Transgrid Organic India Private Limited | ₹22.08 Lakh (FY 2022) | 17.0% | New Delhi, Delhi, India | |||
| JLC Consulting Private Limited | ₹22.07 Lakh (FY 2025) | -19.0% | Bangalore, Karnataka, India | |||
| Evolve HR Solutions Private Limitedthis company | ₹22.06 Lakh (FY 2019) | ₹1.68 Lakh | 7.6% | -70.0% | Ahmednagar, Maharashtra, India | |
| Fernandes Global Recruitment Private Limited | ₹22.06 Lakh (FY 2024) | -34.0% | Mumbai, Maharashtra, India | |||
| Amisign Technologies (OPC) Private Limited | ₹22.05 Lakh (FY 2024) | -63.0% | Bangalore, Karnataka, India | |||
| Poseidon Capital Private Limited | ₹22.03 Lakh (FY 2025) | 117.0% | Lucknow, Uttar Pradesh, India | |||
| You Hire Consulting Private Limited | ₹22.01 Lakh (FY 2024) | Ahmedabad, Gujarat, India | ||||
| Qwaj Technologies Private Limited | ₹21.98 Lakh (FY 2025) | -70.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Evolve HR Solutions Private Limited, buy the company report.
Auditor
Evolve HR Solutions Private Limited is audited by RAJENDRA SHRIKANT & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJENDRA SHRIKANT & CO. | FY 2017 | 115580W |
Shareholding
The shareholding of Evolve HR Solutions Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Evolve HR Solutions Private Limited, buy the company report.
Legal cases
Evolve HR Solutions Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Court case (L I R) | Filed against the company by an individual | Disposed |
| District court, Pathankot, Punjab | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Evolve HR Solutions 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
No delayed payments to MSME suppliers are on our record for Evolve HR Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Evolve HR Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCE2139A1Z7 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Evolve HR Solutions Private Limited, buy the company report.
Recent activity
Evolve HR Solutions Private Limited has 11 board changes on record since 2015: 3 appointments and 8 cessations. The latest: Jitendra Devidasrao Ugle ceased to be Additional Director on 30 Sep 2019.
2 earlier events are in the company report.
Frequently asked questions
Evolve HR Solutions is an active private limited company based in Ahmednagar, Maharashtra, India. The company works in placement services, within the professional services industry. It was incorporated on 05 November 2012 (14+ years old) and is registered under CIN U74900PN2012PTC145298.
Evolve HR Solutions has 3 current directors:
- Jitendra Devidasrao Ugle - Director
- Kiran Radhakrihan Patwardhan - Director
- Jayawant Narayan Shinde - Director
The latest financial statements of Evolve HR Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Evolve HR Solutions is 27AADCE2139A1Z7, registered in Maharashtra.
The CIN (Corporate Identification Number) of Evolve HR Solutions is U74900PN2012PTC145298. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evolve HR Solutions has 2 court cases on record: 2 filed against it.
Evolve HR Solutions was incorporated on 05 November 2012, making it 14+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Evolve HR Solutions by revenue are Afflatus HR Services Private Limited, Skill Match Infotech Private Limited, Samish Manpower and Security Service (OPC) Private Limited, Transgrid Organic India Private Limited, JLC Consulting Private Limited and 5 more, all in the same principal business activity (placement agencies and hr management services).
Jitendra Devidasrao Ugle ceased to be Additional Director on 30 Sep 2019. Kiran Radhakrihan Patwardhan ceased to be Additional Director on 30 Sep 2019. Jayawant Narayan Shinde ceased to be Director on 20 Sep 2019. Evolve HR Solutions has 11 board changes on record in total.
The registered office of Evolve HR Solutions is at Second Floor 2275 Adat Bazar, Ahmednagar, Maharashtra, India – 414001.
Evolve HR Solutions operates in the professional services industry, in the placement services segment.