About Evince Development Private Limited
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Evince Development Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 29 July 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2015PTC083977. Its GSTIN is 24AAECE0373M1ZN (Gujarat).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2 Cr. It is led by directors including Maulik Vijaykumar Pandya and Jaiminiben Maulikkumar Pandya.
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 Parshwanath Business Park, Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹17.72 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹78.8 Lakh (net margin 4.4%) and EBITDA of ₹2.5 Cr (EBITDA margin 14.1%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 26% over five years.
The company has about 89 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Evince Development. As per MCA filings, the company has open charges of ₹7.3 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website evincedev.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressOffice No. 700 To 711 7th Floor, Parshwanath Business Park Opp Kfc Satellite Prahladnagar, Ahmedabad, Gujarat, India – 380051
- 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 Evince Development Private Limited
The main business activity of Evince Development is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Evince Development Private Limited FY 2024 filings available
Evince Development Private Limited reported revenue of ₹17.72 Cr (up 33% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Evince Development Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 33% growth in the latest year. EBITDA rose 117% 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 Evince Development Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹2.5 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹78.8 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Evince Development Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.4% | •••• | •••• | •••• | •••• |
| 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 Evince Development are in the company report.
Financial statements from FY 2016
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 Evince Development Private Limited
Evince Development Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Enterpi Software Solutions Private Limited | ₹17.91 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Hyderabad, Telangana, India |
| PTS Consulting Services Private Limited | ₹17.9 Cr (FY 2024) | •••• | •••• | -25.0% | •••• | Kolkata, West Bengal, India |
| Databorough India Private Limited | ₹17.76 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Lucknow, Uttar Pradesh, India |
| Syntizen Technologies Private Limited | ₹17.73 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Hyderabad, Telangana, India |
| Mutualmobile Solutions Private Limited | ₹17.73 Cr (FY 2025) | •••• | •••• | -42.0% | •••• | Hyderabad, Telangana, India |
| Evince Development Private Limited this company | ₹17.72 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Ahmedabad, Gujarat, India |
| Osswal Infosystem Private Limited | ₹17.7 Cr (FY 2025) | •••• | •••• | 66.0% | •••• | Indore, Madhya Pradesh, India |
| Testvagrant Technologies Private Limited | ₹17.7 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Bangalore, Karnataka, India |
| Kubera Fantasy Private Limited | ₹17.68 Cr (FY 2025) | •••• | •••• | -46.0% | •••• | Kadapa, Andhra Pradesh, India |
| Erevmax Technologies Private Limited | ₹17.64 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Kolkata, West Bengal, India |
| Techflitter Solutions Private Limited | ₹17.58 Cr (FY 2025) | •••• | •••• | 83.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Evince Development by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.), 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 Evince Development Private Limited
Evince Development Private Limited is audited by SAMIR M.SHAH & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SAMIR M.SHAH & 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 Evince Development Private Limited
Evince Development has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maulik Vijaykumar Pandya Also directs: Eatance Private Limited | Director | 29 Jul 2015 | 11 Years 2 Months | Current |
| Jaiminiben Maulikkumar Pandya Also directs: Eatance Private Limited | Director | 29 Jul 2015 | 11 Years 2 Months | Current |
| Sanjaykumar Maganbhai Rajpara Also directs: Eatance Private Limited, Paranox Solutions LLP | Director | 08 Aug 2022 | 4 Years 2 Months | Current |
Ownership and Shareholding of Evince Development 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 Evince Development Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Mar 2024 | Hdfc Bank Limited | ₹7.3 Cr | Open |
Total charge records: 1 View all charges
Associated Brands with Evince Development Private Limited
Evince Development operates one associated brand: Evince Development. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers custom software, mobile apps, eCommerce, and IT consulting for enterprises. | evincedev.com |
Employees and EPFO Compliance at Evince Development Private Limited
Evince Development Private Limited has a workforce of 89 employees as of Mar 25, 2024.
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 Evince Development Private Limited
Evince Development Private Limited has 3 board changes on record since 2015: 3 appointments. The latest: Sanjaykumar Maganbhai Rajpara was appointed as Director on 08 Aug 2022.
Credit Ratings, Litigation & Regulatory Alerts for Evince Development 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 Evince Development 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 Evince Development 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 Evince Development Private Limited
Evince Development has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECE0373M1ZN | Gujarat | Active | 01 Jul 2017 |
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 Evince Development 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 Evince Development Private Limited
Evince Development is an active private limited company based in Ahmedabad, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 29 July 2015 (11+ years old) and is registered under CIN U72900GJ2015PTC083977.
Evince Development reported revenue of ₹17.72 Cr for FY 2025 (up 33% YoY).
Evince Development has 3 current directors:
- Maulik Vijaykumar Pandya - Director
- Jaiminiben Maulikkumar Pandya - Director
- Sanjaykumar Maganbhai Rajpara - Director
Evince Development reported a net profit of ₹78.8 Lakh (net margin 4.4%) and EBITDA of ₹2.5 Cr (EBITDA margin 14.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Evince Development is 16% over three years and 26% over five years. In the latest year (FY 2025) revenue rose 33%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Evince Development is 24AAECE0373M1ZN, registered in Gujarat.
The CIN (Corporate Identification Number) of Evince Development is U72900GJ2015PTC083977. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evince Development was incorporated on 29 July 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Evince Development by revenue are Enterpi Software Solutions Private Limited, PTS Consulting Services Private Limited, Databorough India Private Limited, Syntizen Technologies Private Limited, Mutualmobile Solutions Private Limited and 5 more, all in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.).
Sanjaykumar Maganbhai Rajpara was appointed as Director on 08 Aug 2022. Jaiminiben Maulikkumar Pandya was appointed as Director on 29 Jul 2015. Maulik Vijaykumar Pandya was appointed as Director on 29 Jul 2015.
Yes, Evince Development is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).