About Evionics Innovations Private Limited
Data last updated:
Evionics Innovations Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 05 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31906KA2019PTC129291. Its GSTIN is 29AAFCE7050C2ZS (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ayyalasomayajula Chandrasekhar and Rajachandra Akella Viswanadh.
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 C – 3 Apurva Ethreal Apartments 6th Cross D' Silva Layout Whitefield, Bangalore, Karnataka, India – 560066.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.45 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹9.14 Lakh (net margin 3.7%) and EBITDA of ₹9.14 Lakh (EBITDA margin 3.7%). Revenue has grown at a compounded annual rate (CAGR) of 834% over three years.
The company is associated with 1 brand: Evionics.
For more details, the company can be reached via its website evionics.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressC – 3 Apurva Ethreal Apartments 6th Cross D' Silva Layout Whitefield, Bangalore, Karnataka, India – 560066
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
- 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 Evionics Innovations Private Limited
The main business activities of Evionics Innovations are trade and professional, scientific and technical. In detail, this covers wholesale trading and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | 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 Evionics Innovations Private Limited FY 2024 filings available
Evionics Innovations Private Limited reported revenue of ₹2.45 Cr (up 1460% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Evionics Innovations Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 834% over three years. EBITDA rose 132% 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 Evionics Innovations 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 | ₹9.14 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.14 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 Evionics Innovations Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.7% | •••• | •••• | •••• | •••• |
| 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 Evionics Innovations are in the company report.
Financial statements from FY 2020
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 Evionics Innovations Private Limited
Evionics Innovations Private Limited is compared with the companies closest to it by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Whizz EV Mobility Private Limited | •••• | •••• | •••• | •••• | 29 | Delhi, India |
| Adapt Motors Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Smartomatic Vehicles Private Limited | •••• | •••• | •••• | •••• | - | Bhagalpur, Bihar, India |
| Evambikaa Motors Private Limited | •••• | •••• | •••• | •••• | - | East Delhi, Delhi, India |
| Star Iglobal Automotive Private Limited | •••• | •••• | •••• | •••• | - | Satna, Madhya Pradesh, India |
| Evionics Innovations Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Ultrapower EV Tech Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Abhinayak Industry Private Limited | •••• | •••• | •••• | •••• | - | Muzaffarpur, Bihar, India |
| Estinno Energy Private Limited | •••• | •••• | •••• | •••• | - | Rourkela, Orissa, India |
| Kingche Mobility (OPC) Private Limited | •••• | •••• | •••• | •••• | - | Ambala, Haryana, India |
| SLSR Electro Private Limited | •••• | •••• | •••• | •••• | - | Kishangarh, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Evionics Innovations by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Evionics Innovations Private Limited
Evionics Innovations Private Limited is audited by MODI AGARWAL & ASSOCIATES LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MODI AGARWAL & ASSOCIATES LLP | 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 Evionics Innovations Private Limited
Evionics Innovations has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ayyalasomayajula Chandrasekhar Also directs: Evionics Service Network Private Limited, Simplyfi AI Ventures India Private Limited, Invoizo Private Limited and 2 more | Director | 05 Nov 2019 | 6 Years 11 Months | Current |
| Rajachandra Akella Viswanadh Also directs: Finvault Tech LLP, Evionics Service Network Private Limited, Simplyfi AI Ventures India Private Limited and 4 more | Director | 05 Nov 2019 | 6 Years 11 Months | Current |
Ownership and Shareholding of Evionics Innovations 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 Evionics Innovations Private Limited
Evionics Innovations Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Evionics Innovations Private Limited
Evionics Innovations operates one associated brand: Evionics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures high-quality electric scooters and rickshaws for various applications. | evionics.in |
Employees and EPFO Compliance at Evionics Innovations Private Limited
Employment history and EPFO contributions of people linked to Evionics Innovations.
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 Evionics Innovations Private Limited
Evionics Innovations Private Limited has 4 board changes on record since 2019: 3 appointments and 1 cessation. The latest: Nistala Sriramamurty ceased to be Director on 15 Jul 2022.
Credit Ratings, Litigation & Regulatory Alerts for Evionics Innovations 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 Evionics Innovations 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 Evionics Innovations 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 Evionics Innovations Private Limited
Evionics Innovations has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCE7050C2ZS | Karnataka | Active | 01 Jun 2021 |
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 Evionics Innovations 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 Evionics Innovations Private Limited
Evionics Innovations is an active private limited company based in Bangalore, Karnataka, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 05 November 2019 (7+ years old) and is registered under CIN U31906KA2019PTC129291.
Evionics Innovations reported revenue of ₹2.45 Cr for FY 2024 (up 1460% YoY).
Evionics Innovations has 2 current directors:
- Ayyalasomayajula Chandrasekhar - Director
- Rajachandra Akella Viswanadh - Director
Evionics Innovations reported a net profit of ₹9.14 Lakh (net margin 3.7%) and EBITDA of ₹9.14 Lakh (EBITDA margin 3.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Evionics Innovations is 834% over three years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Evionics Innovations is 29AAFCE7050C2ZS, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Evionics Innovations is U31906KA2019PTC129291. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evionics Innovations was incorporated on 05 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Evionics Innovations by revenue are Whizz EV Mobility Private Limited, Adapt Motors Private Limited, Smartomatic Vehicles Private Limited, Evambikaa Motors Private Limited, Star Iglobal Automotive Private Limited and 5 more, all in the Automobiles industry (Electric and Bio Fuel Vehicles).
Nistala Sriramamurty ceased to be Director on 15 Jul 2022. Ayyalasomayajula Chandrasekhar was appointed as Director on 05 Nov 2019. Nistala Sriramamurty was appointed as Director on 05 Nov 2019. Evionics Innovations has 4 board changes on record in total.
Yes, Evionics Innovations is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).