About IEVO
IEVO is a Consumer company based in Udaipur (India) founded in 2013 by Manan Khetan, Saurabh Khetan, and Astha Khetan. Home furniture is manufactured and supplied by IEVO. The company has 368 employees. Its website ievo.in draws about 14 thousand monthly visits. Its Indian entity Iraj Evolution Design Company Private Limited reported revenue of ₹104 Cr. IEVO offers products and services including Contract Furniture, Prototyping, Value Engineering, and On-site Delivery. Its focus areas include Consumer Goods, Home Furnishing Products, Home Furniture and Multi-Category. Its competitors include 10Club, Nestasia and Fabindia; 2 of its 3 listed competitors have raised funding.
Company details
IEVO was established in 2013 in Udaipur, India, as a manufacturer and supplier in the home furniture sector. Operations focus on producing and distributing furniture items for residential use. The company is led by co-founders Manan Khetan, Saurabh Khetan, and Astha Khetan. Activities are centered in India, with the domain ievo.in serving as the primary online presence for its offerings.
- Headquarters Udaipur, India
- Employees 368
- Founders Manan Khetan, Saurabh Khetan, Astha Khetan
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website ievo.in
- Social LinkedIn Facebook Instagram
- Legal Name Iraj Evolution Design Company Private Limited
- Date of Incorporation 15 Mar, 2013
- Jurisdiction Udaipur, Rajasthan, India
- Annual Revenue₹104 Cr
FY 2025 · +75% YoY
- Net Profit₹4.70 Cr
FY 2025 · 5% margin
- EBITDA₹13.17 Cr
FY 2025 · 13% margin
- Employee Count368
Associated legal entities of IEVO
IEVO operates through Iraj Evolution Design Company 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 |
|---|---|---|---|---|---|---|---|
| Iraj Evolution Design Company Private Limited CIN U36998RJ2013PTC041836 | Active | 15 Mar 2013 | Udaipur, Rajasthan | ₹104 Cr | 368 | 4 | View details |
Products & Services of IEVO
IEVO offers a comprehensive portfolio of products and services, including Contract Furniture, Prototyping, Value Engineering, and On-site Delivery.
Custom design and production of furniture for business contracts
Development of furniture prototypes for client specifications
Optimization of furniture designs for cost and efficiency
Installation and delivery of manufactured furniture to clients
Board of directors of Iraj Evolution Design Company Private Limited (IEVO)
Iraj Evolution Design Company Private Limited is the primary company behind IEVO. The board of Iraj Evolution Design Company Private Limited currently have 4 directors; the longest-serving is Saurabh Khetan, appointed in 2013. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Saurabh Khetan DIN 01373073 | Director | 15 Mar 2013 | 13 yrs 7 mo | Iraj Evolution Design Company Private Limited |
| Astha Khetan DIN 05252453 | Director | 15 Mar 2013 | 13 yrs 7 mo | Iraj Evolution Design Company Private Limited |
| Manan Khetan DIN 02795393 | Director | 01 Mar 2016 | 10 yrs 8 mo | Iraj Evolution Design Company Private Limited |
| Pulkit Garg DIN 07127376 | Director | 05 Jan 2021 | 5 yrs 9 mo | Iraj Evolution Design Company Private Limited |
People of IEVO
3 people are tracked at IEVO (3 in leadership); the tracked headcount is 368.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for IEVO
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of IEVO
Figures of Iraj Evolution Design Company Private Limited, the primary company behind IEVO, for FY 2025. Revenue was ₹104 Cr (+75% year on year). Net profit was ₹4.70 Cr (5% margin). EBITDA was ₹13.17 Cr (13% margin). Revenue has grown at a compounded annual rate of +12% over three years and +14% over five years.
- ₹104 CrRevenue · FY 2025 · +75% YoY
- ₹4.70 CrNet profit · 5% margin
- ₹13.17 CrEBITDA · 13% margin
- ₹1.51 CrPaid-up capital
- 368Employees (provident fund records)
- +12%Revenue CAGR, 3 years
- +14%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Iraj Evolution Design Company Private Limited are on its company page.
Detailed financial statements for IEVO
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 IEVO
IEVO has 3 listed competitors in our database, 2 of them funded. They include 10Club, Nestasia and Fabindia.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| 10clubhomes.com | 2020 | Bengaluru, India | $44.47M | 48 | Multi-category home products are offered through an internet-first platform. | |
| nestasia.in | 2018 | Kolkata, India | $12.4M | 164 | Internet-first brand of multi-category home improvement products | |
| fabindia.com | 1960 | Delhi, India | 1,522 | Internet first brand of ethnic wear, home furniture, and home decor products |
Detailed competitors of IEVO
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.
Web traffic of IEVO
The website of IEVO (ievo.in) receives about 14K visits a month.
- Monthly visits14K
▼ 3.5% vs previous month
Top companies in Home & Living Products
3 companies that operate in the same segment as IEVO (Home & Living Products) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of interior design and renovation services for homes and offices | 2014 | Bengaluru, Karnataka, India | USD 511.55 M | USD 172.66 M | 4,353 | |
Multi-category products are rented via subscription model. | 2014 | Bengaluru, Karnataka, India | USD 58.71 M | USD 14.82 M | 422 | |
Internet-first brand offering multi-category home furniture | 2012 | Bengaluru, Karnataka, India | USD 108.06 M | USD 26.92 B | 43,024 |
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Frequently Asked Questions about IEVO
IEVO was founded in 2013.
IEVO is headquartered in Udaipur, India. It is registered at Udaipur, Rajasthan, India.
IEVO has 368 employees.
The primary company behind IEVO, Iraj Evolution Design Company Private Limited, reported revenue of ₹104 Cr for FY 2025, up 75% year on year.
IEVO was established in 2013 in Udaipur, India, as a manufacturer and supplier in the home furniture sector. Operations focus on producing and distributing furniture items for residential use. The company is led by co-founders Manan Khetan, Saurabh Khetan, and Astha Khetan. Activities are centered in India, with the domain ievo.in serving as the primary online presence for its offerings.
IEVO offers Contract Furniture, Prototyping, Value Engineering, and On-site Delivery.
IEVO operates through Iraj Evolution Design Company Private Limited.
The legal entities of IEVO currently have 4 directors, including Manan Khetan, Pulkit Garg, Saurabh Khetan and others.