Evolute Cleantech Solutions Private Limited - Company Profile

It is a information technology private limited company based in Kandivali East, Maharashtra, India, established in 2000.

2000 Kandivali East, Maharashtra, India Active

Last Updated: January 08, 2026

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About Evolute Cleantech Solutions Private Limited

Evolute Cleantech Solutions Private Limited, a active private limited company, was established on 11 December 2000 in Kandivali East, Maharashtra, India. Engaging in electronic components & equipment manufacturing within the manufacturing sector, it holds CIN: U31909MH2000PTC129973. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹1.55 Cr and a paid-up capital of ₹1.52 Cr.

Formerly known as Relaytronics (India) Private Limited, Evolute Solutions Private Limited. It upholds a compliant status. Employing 160 professional, Its leadership includes Parag Kirit Mehta (Director), Paras Kirit Mehta (Director). Past directors included Rohini Paras Mehta, Gururaj Narayanamurthy Ayekawadi, Bhartibhen Kiritkumar Mehta. It holds ₹12.00 Cr open charges and ₹27.00 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Office No 801, 8Th Floor, Grande Edifice,, Akurli Village, Akurli Road,, Kandivali East, Maharashtra, 400101.

Company Details

CIN/LLPIN
U31909MH2000PTC129973
Registration Number
129973
Incorporation Date
11 December 2000
Authorized Capital
₹1.55 Cr
Paid-Up Capital
₹1.52 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 1.55 Cr as on 08-01-2026
Paid Up Capital ₹ 1.52 Cr as on 08-01-2026
Company Age 25 Year, 2 Months
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 12.00 Cr as on 08-01-2026
Satisfied Charges ₹ 27.00 Cr as on 08-01-2026
Revenue Growth **** -31.40% (FY 2023)
Profit Growth **** -9.10% (FY 2023)
Ebitda **** 3.36% (FY 2023)
Net Worth 26.10% (FY 2023)
Total Assets -10.73% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Evolute Cleantech Solutions Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Evolute Cleantech Solutions Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Parag Kirit Mehta	Director	11 Dec 2000	Current
Paras Kirit Mehta	Director	01 Nov 2016	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	-	Past
Pramod Abcsdd	Director	12 Jan 2016	Past
Pramod Abcsdd	Director	03 Jun 2013	Past
Pramod Abcsdd	Director	14 Mar 2014	Past
Pramod Abcsdd	Additional Director	28 Sep 2018	Past

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Financial Performance of Evolute Cleantech Solutions.

Evolute Cleantech Solutions Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 31.4% decrease. The company also saw a slight decrease in profitability, with a 9.1% decrease in profit. The company's net worth Soared by an impressive increase of 26.1%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-31.40%

*******

Revenue from Operations

*******

-30.99%

*******

Total Assets

*******

-10.73%

*******

Profit or Loss

*******

-9.10%

*******

Net Worth

*******

26.10%

*******

EBITDA

*******

3.36%

*******

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What is the Ownership and Shareholding Structure of Evolute Cleantech Solutions?

In 2023, Evolute Cleantech Solutions had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹120,000,000.00

Satisfied Charges

₹270,000,000.00

Charges Breakdown by Lending Institutions

Hdfc Bank Limited : 12.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
03 Jun 2017	Hdfc Bank Limited	₹12.00 Cr	Open
07 Sep 2022	Sidbi	₹5.00 Cr	Satisfied
05 Jan 2010	Bank Of India	₹10.00 Cr	Satisfied
21 Sep 2005	Bank Of India	₹12.00 Cr	Satisfied

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How Many Employees Work at Evolute Cleantech Solutions?

Evolute Cleantech Solutions has a workforce of 160 employees as of Mar 27, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Evolute Cleantech Solutions, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Evolute Cleantech Solutions's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Evolute Cleantech Solutions

Recent Activity within the Organization

Annual General Meeting

The activity Evolute Cleantech Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was completed.
30 Sep 2024
Charges

A charge registered on 07 Sep 2022 via Charge ID 100610620 with Sidbi was fully satisfied on 14 May 2024. was recorded as a recent event.
14 May 2024
Balance Sheet

The activity Evolute Cleantech Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was completed.
31 Mar 2024
Charges

The activity A charge with Sidbi amounted to Rs. 5.00 Cr with Charge ID 100610620 was registered on 07 Sep 2022. was completed.
07 Sep 2022
Charges

Progress on A charge with Hdfc Bank Limited of Rs. 12.00 Cr registered on 03 Jun 2017 with Charge ID 100108912 was modified on 12 Sep 2017. was documented.
12 Sep 2017
Charges

The activity A charge registered on 05 Jan 2010 via Charge ID 10199276 with Bank Of India was fully satisfied on 27 Jul 2017. was completed.
27 Jul 2017

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