About Evolusolve Technologies Private Limited
Data last updated:
Evolusolve Technologies Private Limited was a private limited company based in Ahmedabad, Gujarat, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 21 September 2015.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2015PTC084539. Its GSTIN is 27AAECE0683J1ZI (Maharashtra).
The company had an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.82 Cr. It was led by directors Jasmin Gohil and Nisarg Vikram Gandhi.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at A/503 Surel Apartment Opp.Devashish School Bodakdev, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.46 Lakh, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹11.5 Lakh and EBITDA of -₹11.5 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 57% over three years.
The company was associated with 1 brand: WealthTrust. The company has 4 deals on record (3 funding rounds, 1 acquisition), with disclosed funding of ₹4.24 Cr; the latest was in January 2019.
The last known website on record is wealthtrust.in.
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- Registered AddressA/503 Surel Apartment Opp.Devashish School Bodakdev, Ahmedabad, Gujarat, India – 380015
- 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
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Financials of Evolusolve Technologies Private Limited FY 2020 filings available
Evolusolve Technologies Private Limited reported revenue of ₹1.46 Lakh (down 98% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Evolusolve Technologies Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 57% over three years, including a 98% fall in the latest year. EBITDA rose 88% 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 Evolusolve Technologies Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹1.46 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹11.5 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹11.5 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 Evolusolve Technologies Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Evolusolve Technologies 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.
Auditor Details of Evolusolve Technologies Private Limited
Evolusolve Technologies Private Limited is audited by BALKRISHNA SHARMA & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BALKRISHNA SHARMA & 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.
Board of Directors of Evolusolve Technologies Private Limited
Evolusolve Technologies has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jasmin Gohil Also directs: Unicorn Dock & Port Engineers Private Limited | Director | 21 Sep 2015 | 11 Years 0 Months | As last reported |
| Nisarg Vikram Gandhi Also directs: Z21 Technoserve LLP, S4ai Technologies LLP | Director | 21 Sep 2015 | 11 Years 0 Months | As last reported |
Ownership and Shareholding of Evolusolve Technologies 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 Evolusolve Technologies Private Limited
Evolusolve Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Evolusolve Technologies Private Limited
Evolusolve Technologies Private Limited has 4 deals on record (3 funding rounds, 1 acquisition), with disclosed funding of ₹4.24 Cr; the latest was in January 2019.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2019 | Acquisition | Undisclosed | Buyer: Alpha Fintech Private Limited Seller: India Quotient |
| Feb 2017 | Funding round | ₹2 Cr | Investors: India Quotient, Fortitude E-Service LLP , 2 individuals |
| May 2016 | Funding round | ₹50.2 Lakh | Investors: India Quotient |
Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Evolusolve Technologies Private Limited
Evolusolve Technologies operates one associated brand: WealthTrust. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A zero-commission wealth management app for users. | wealthtrust.in |
Employees and EPFO Compliance at Evolusolve Technologies Private Limited
Employment history and EPFO contributions of people linked to Evolusolve Technologies.
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.
News related to Evolusolve Technologies Private Limited
Recent Activity on Evolusolve Technologies Private Limited
Evolusolve Technologies Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Jasmin Gohil was appointed as Director on 21 Sep 2015.
Credit Ratings, Litigation & Regulatory Alerts for Evolusolve Technologies 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 Evolusolve Technologies 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 Evolusolve Technologies 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 Evolusolve Technologies Private Limited
Evolusolve Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECE0683J1ZI | Maharashtra | 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 Evolusolve Technologies 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 Evolusolve Technologies Private Limited
Evolusolve Technologies has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Evolusolve Technologies was a private limited company based in Ahmedabad, Gujarat, India. The company worked in application development and software solutions, within the information technology industry. It was incorporated on 21 September 2015 and is registered under CIN U72900GJ2015PTC084539. The company has been struck off by the Registrar of Companies and is no longer operational.
Evolusolve Technologies had 2 directors:
- Jasmin Gohil - Director
- Nisarg Vikram Gandhi - Director
The CIN (Corporate Identification Number) of Evolusolve Technologies is U72900GJ2015PTC084539. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Evolusolve Technologies is at A503 Surel Apartment Opp.Devashish School Bodakdev, Ahmedabad, Gujarat, India – 380015.
Evolusolve Technologies was incorporated on 21 September 2015. It is registered with the Registrar of Companies, Ahmedabad.
Yes, Evolusolve Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Evolusolve Technologies can be reached through the website wealthtrust.in. Its registered office is in Ahmedabad, Gujarat, India.
Evolusolve Technologies reported revenue of ₹1.46 Lakh for FY 2020 (down 98% YoY).
Evolusolve Technologies has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.82 Cr.