About Evotar
Evotar is an Energy & Utilities company based in Ahmedabad (India) founded in 2016. It offers solar power installations, maintenance, and electrical contracting services. It operates on a B2B and B2C model. Its Indian entity Evotar Technologies Private Limited reported revenue of ₹20.67 Cr. Evotar offers products and services including EVVO Inverter, Rishabh Inverter, Ebox, and Panasonic PV. Its focus areas include Energy, Renewable Energy, Solar Power and Maintenance. Its competitors include Borosil Renewables, Servoteh and Nessa; 1 of its 3 listed competitors has raised funding.
Company details
Evotar Technologies, founded in 2016, focuses on renewable energy solutions including solar power for residential and commercial sectors. They handle installations, maintenance, and electrical contracting, supplying products like inverters and panels. Based in Ahmedabad, India, they have completed numerous projects across cities and aim to reduce carbon emissions through efficient energy systems.
- Headquarters Ahmedabad, India
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website evotartech.com
- Social X
- Legal Name Evotar Technologies Private Limited
- Date of Incorporation 21 Nov, 2016
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹20.67 Cr
FY 2025 · +65% YoY
- Net Profit₹15.2 Lakh
FY 2025 · 1% margin
- EBITDA₹58.6 Lakh
FY 2025 · 3% margin
Associated legal entities of Evotar
Evotar operates through Evotar Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Evotar Technologies Private Limited CIN U31909GJ2016PTC094440 | Active | 21 Nov 2016 | Ahmedabad, Gujarat | ₹20.7 Cr | 3 | View details |
Products & Services of Evotar
Evotar offers a comprehensive portfolio of products and services, including EVVO Inverter, Rishabh Inverter, Ebox, and Panasonic PV.
Device for converting solar energy into usable power.
Inverter model for solar system energy conversion.
Box for managing AC and DC connections in solar setups.
Photovoltaic panels for generating solar electricity.
Apps and channels of Evotar
Evotar publishes 2 mobile apps with over 100 downloads.
Board of directors of Evotar Technologies Private Limited (Evotar)
Evotar Technologies Private Limited is the primary company behind Evotar. The board of Evotar Technologies Private Limited currently have 3 directors; the longest-serving is Purvarajsinh Sursinh Jhala, appointed in 2016.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Purvarajsinh Sursinh Jhala DIN 07653508 | Director | 21 Nov 2016 | 9 yrs 11 mo | Evotar Technologies Private Limited |
| Yash Pravinbhai Bhatt DIN 07653525 | Director | 21 Nov 2016 | 9 yrs 11 mo | Evotar Technologies Private Limited |
| Praveenkumar Purshottamlal Bhatt DIN 10098775 | Additional Director | 20 Mar 2023 | 3 yrs 7 mo | Evotar Technologies Private Limited |
Financials of Evotar
Figures of Evotar Technologies Private Limited, the primary company behind Evotar, for FY 2025. Revenue was ₹20.67 Cr (+65% year on year). Net profit was ₹15.2 Lakh (1% margin). EBITDA was ₹58.6 Lakh (3% margin). Revenue has grown at a compounded annual rate of +3% over three years and +27% over five years.
- ₹20.67 CrRevenue · FY 2025 · +65% YoY
- ₹15.2 LakhNet profit · 1% margin
- ₹58.6 LakhEBITDA · 3% margin
- ₹1.6 LakhPaid-up capital
- +3%Revenue CAGR, 3 years
- +27%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Evotar Technologies Private Limited are on its company page.
Detailed financial statements for Evotar
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Competitors of Evotar
Evotar has 3 listed competitors in our database, 1 of them funded. They include Borosil Renewables, Servoteh and Nessa.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| borosilrenewables.com | 1962 | Mumbai, India | 762 | Solar glass is manufactured by Borosil Renewables for photovoltaic applications. | ||
| servotech.in | 2004 | Delhi, India | 178 | Manufacturer of EV chargers, solar inverters, solar panels, batteries, servo stabilizers, UPS, and LEDs | ||
| nessa.in | 2008 | Ahmedabad, India | $95,277 | 84 | Offers solar consumer goods |
Detailed competitors of Evotar
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Evotar (Renewable & Sustainable Energy) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 |
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Frequently Asked Questions about Evotar
Evotar was founded in 2016.
Evotar is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
The primary company behind Evotar, Evotar Technologies Private Limited, reported revenue of ₹20.67 Cr for FY 2025, up 65% year on year.
Evotar Technologies, founded in 2016, focuses on renewable energy solutions including solar power for residential and commercial sectors. They handle installations, maintenance, and electrical contracting, supplying products like inverters and panels. Based in Ahmedabad, India, they have completed numerous projects across cities and aim to reduce carbon emissions through efficient energy systems.
Evotar's top competitors include Servoteh, Borosil Renewables and Nessa.
Evotar offers EVVO Inverter, Rishabh Inverter, Ebox, and Panasonic PV.
Evotar operates through Evotar Technologies Private Limited.
The legal entities of Evotar currently have 3 directors, including Purvarajsinh Sursinh Jhala, Yash Pravinbhai Bhatt, Praveenkumar Purshottamlal Bhatt.
Yes. Evotar publishes Evotar Solar and 1 more app, with over 100 downloads.