Evolve Promoters Private Limited
About Evolve Promoters Private Limited
Data last updated:
Evolve Promoters Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 11 March 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U70101DL2003PTC119363. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹26 Lakh and a paid-up capital of ₹8 Lakh. It was formerly known as Heritage Space Solutions Private Limited. It is led by directors including Devendra Kumar Sharma and Sunny Vohra.
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 D – 29 3rd Floor Defence Colony, New Delhi, Delhi, India – 110024.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.27 Cr, a decline of 71% compared to the previous year. For the same year it recorded a net profit of ₹14.68 Lakh (net margin 11.6%) and EBITDA of ₹20.74 Lakh (EBITDA margin 16.4%). Revenue has declined at a compounded annual rate (CAGR) of 53% over three years.
Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressD – 29 3rd Floor Defence Colony, New Delhi, Delhi, India – 110024
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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 Evolve Promoters Private Limited
The main business activity of Evolve Promoters is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | 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 Evolve Promoters Private Limited FY 2025 filings available
Evolve Promoters Private Limited reported revenue of ₹1.27 Cr (down 71% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Evolve Promoters Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 53% over three years, including a 71% fall in the latest year. EBITDA fell 34% 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 Evolve Promoters 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 | ₹20.74 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹14.68 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 Evolve Promoters Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 11.6% | •••• | •••• | •••• | •••• |
| 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 Evolve Promoters 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.
Board of Directors of Evolve Promoters Private Limited
Evolve Promoters has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devendra Kumar Sharma Also directs: Bhagwati Projects Private Limited, Bhagwati Tradex Private Limited | Director | 20 Jul 2018 | 8 Years 3 Months | Current |
| Sunny Vohra | Director | 02 Dec 2024 | 1 Years 10 Months | Current |
| Sanjiv Vohra Also directs: Mayra Information System Consulting LLP, Eden Apartments & Villas LLP, Eden Infra Buildcon Projects LLP and 5 more | Additional Director | 17 Aug 2025 | 1 Years 2 Months | Current |
| Geeta Nayyar Vohra Also directs: Digvijay Real Estate Developers Private Limited, Eden Hospitality & Wellness Private Limited, Evolve Homes Limited and 3 more | Additional Director | 17 Aug 2025 | 1 Years 2 Months | Current |
Peer Comparison of Evolve Promoters Private Limited
Evolve Promoters Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rambhadeep Buildcon Private Limited | ₹1.27 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Jodhpur, Rajasthan, India |
| K D P Infrastructure Private Limited | ₹1.27 Cr (FY 2025) | •••• | •••• | -32.0% | •••• | New Delhi, Delhi, India |
| Himgauri Land Developers Private Limited | ₹1.27 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Ludhiana, Punjab, India |
| Rander Corporation Limited Listed | ₹1.27 Cr (FY 2019) | •••• | •••• | -29.0% | •••• | Thane, Maharashtra, India |
| Surabhi Avenues Private Limited | ₹1.27 Cr (FY 2021) | •••• | •••• | 84.0% | •••• | Hyderabad, Telangana, India |
| Evolve Promoters Private Limited this company | ₹1.27 Cr (FY 2024) | •••• | •••• | -71.0% | •••• | New Delhi, Delhi, India |
| Sheetal International Private Limited | ₹1.27 Cr (FY 2025) | •••• | •••• | -42.0% | •••• | Delhi, India |
| Badshah Constructions Private Limited | ₹1.27 Cr (FY 2025) | •••• | •••• | -32.0% | •••• | Bhubaneswar, Odisha, India |
| Choudhary Infravision Private Limited | ₹1.27 Cr (FY 2025) | •••• | •••• | -41.0% | •••• | Bhilwara, Rajasthan, India |
| Skycity Builders and Promoters Private Limited | ₹1.27 Cr (FY 2021) | •••• | •••• | -94.0% | •••• | Kharar, Punjab, India |
| Ats Heights Private Limited | ₹1.26 Cr (FY 2025) | •••• | •••• | 2869.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Evolve Promoters by revenue in the Real Estate industry (Builders and Developers), 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 Evolve Promoters Private Limited
Evolve Promoters Private Limited is audited by A UPPAL & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A UPPAL & CO. | 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.
Ownership and Shareholding of Evolve Promoters 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 Evolve Promoters Private Limited
Evolve Promoters Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Evolve Promoters Private Limited
Evolve Promoters Private Limited has 2 court cases on record: 2 filed by Evolve Promoters. All cases are disposed. Status as checked between 21 Sep 2026 and 01 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Uttarakhand | Court case (WPMS) | Filed by the company against Joint Commissioner Appeal Ist Dehradun | Disposed |
| District court, Dehradun, Uttarakhand | Arbitration matter | Filed by the company against an individual | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Evolve Promoters Private Limited
Employment history and EPFO contributions of people linked to Evolve Promoters.
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 Evolve Promoters Private Limited
Evolve Promoters Private Limited has 7 board changes on record since 2018: 4 appointments and 3 cessations. The latest: Geeta Nayyar Vohra was appointed as Additional Director on 17 Aug 2025.
Credit Ratings, Litigation & Regulatory Alerts for Evolve Promoters 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 Evolve Promoters 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 Evolve Promoters 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 Evolve Promoters Private Limited
Evolve Promoters has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
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 Evolve Promoters 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 Evolve Promoters Private Limited
Evolve Promoters is an active private limited company based in New Delhi, Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 11 March 2003 (23+ years old) and is registered under CIN U70101DL2003PTC119363.
Evolve Promoters reported revenue of ₹1.27 Cr for FY 2024 (down 71% YoY).
Evolve Promoters has 4 current directors:
- Devendra Kumar Sharma - Director
- Sunny Vohra - Director
- Sanjiv Vohra - Additional Director
- Geeta Nayyar Vohra - Additional Director
Evolve Promoters reported a net profit of ₹14.68 Lakh (net margin 11.6%) and EBITDA of ₹20.74 Lakh (EBITDA margin 16.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Evolve Promoters is -53% over three years. In the latest year (FY 2024) revenue fell 71%. CAGR is the steady yearly rate that links the first and the last year.
No. Evolve Promoters has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Evolve Promoters is U70101DL2003PTC119363. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evolve Promoters has 2 court cases on record: 2 filed by the company. Most are in the high courts.
Evolve Promoters was incorporated on 11 March 2003, making it 23+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Evolve Promoters by revenue are Rambhadeep Buildcon Private Limited, K D P Infrastructure Private Limited, Himgauri Land Developers Private Limited, Rander Corporation Limited, Surabhi Avenues Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Geeta Nayyar Vohra was appointed as Additional Director on 17 Aug 2025. Sanjiv Vohra was appointed as Additional Director on 17 Aug 2025. Sanjiv Vohra ceased to be Director on 30 Jan 2025. Evolve Promoters has 7 board changes on record in total.