About Evolute Fintech Innovations Private Limited
Data last updated: 20 December 2025
Evolute Fintech Innovations Private Limited is a private limited company based in Kandivali East, Maharashtra, India. It specialises in electronic components and equipment manufacturing, a part of the broader technology and IT services sector. Incorporated on 26 May 2009, the company has been in operation for over 17 years.
Registered with ROC Mumbai under CIN U30006MH2009PTC192706.
Capital: an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹2.37 Cr. Formerly known as Evolute Systems Private Limited. It is led by directors Parag Kirit Mehta and Paras Kirit Mehta.
Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: Kandivali East, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹66.95 Cr, a decline of 9% compared to the previous year.
The company has a workforce of approximately 88 employees as per the latest available data. Its group structure includes 1 subsidiary.
The company is associated with 1 brand - Evolute. As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹5 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 evolute.in.
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Registered AddressOffice No 801 8Th Floor Grande Edifice, Akurli Village Akurli Road, Kandivali East, Maharashtra, India – 400101
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IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Evolute Fintech Innovations Private Limited
Evolute Fintech Innovations Private Limited operates one associated brand: Evolute. These brands represent Evolute Fintech Innovations Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Embedded systems for fintech and payments are designed and manufactured. | evolute.in |
Competitors & Alternatives of Evolute Fintech Innovations Private Limited
Brands and companies operating in the same space as Evolute Fintech Innovations Private Limited include Ezetap, Presto, Mswipe and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Ezetap
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Cloud-based mPOS software and hardware solutions are provided for businesses. | Bengaluru, India, India | 2011 |
Presto
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Drive-through automation solutions for restaurants are provided using AI. | San Carlos, United States, United States | 2008 |
Mswipe
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Point-of-sale machines, soundboxes, and merchant payment solutions are offered. | Mumbai, India, India | 2011 |
Innoviti
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Integrated online and offline payment solutions are provided for businesses. | Bengaluru, India, India | 2002 |
EffiaSoft
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Cloud-based ERP solutions are provided for small and medium businesses. | Hyderabad, India, India | 2012 |
ITAB
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Self-checkout solutions are provided for retail businesses worldwide. | Jonkoping, Sweden, Sweden | 1978 |
QueueBuster
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All-in-one POS and business management system is provided. | Noida, India, India | 2016 |
Payswiff
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Provider of POS and MPOS solutions for businesses to accept card payments | Hyderabad, India, India | 2013 |
Perpule
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App-based self-checkout is enabled for offline retail stores. | Bengaluru, India, India | 2016 |
Business Activity of Evolute Fintech Innovations Private Limited
Evolute Fintech Innovations Private Limited is engaged in the principal business activity of manufacturing, with detailed activities including computer, electronic, communication and scientific measuring & control equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | Locked |
Business activity turnover details for Evolute Fintech Innovations Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Evolute Fintech Innovations Private Limited
Evolute Fintech Innovations Private Limited is audited by UMESH P GOSAR & ASSOCIATES for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| UMESH P GOSAR & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history for Evolute Fintech Innovations Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Evolute Fintech Innovations Private Limited
Evolute Fintech Innovations Private Limited is currently managed by 2 directors, with 4 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Parag Kirit Mehta
Also directs:
Glomore Electro-Tech Solutions Llp, Yatra Angels Scale Up Ventures Llp, Evolute Synergies Llp and 4 more
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Director | 26 May 2009 | 17 Years 2 Months | Current |
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Paras Kirit Mehta
Also directs:
Glomore Electro-Tech Solutions Llp, Evolute Synergies Llp, Evolute Cleantech Solutions Private Limited and 4 more
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Director | 19 Dec 2012 | 13 Years 8 Months | Current |
Financials of Evolute Fintech Innovations Private Limited FY 2024 filings available
Evolute Fintech Innovations Private Limited reported revenue of ₹66.95 Cr (down 9.00% YoY) for FY 2024.
Ten-year financial statements for Evolute Fintech Innovations Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Evolute Fintech Innovations Private Limited
Shareholding and ownership data for Evolute Fintech Innovations Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Group Structure of Evolute Fintech Innovations Private Limited
Evolute Fintech Innovations Private Limited has 1 subsidiary company. This group structure data is as of FY 2023. The corporate group structure reflects Evolute Fintech Innovations Private Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Spiritus Payments Private Limited | U93000MH2014PTC251907 | Locked |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of Evolute Fintech Innovations Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Feb 2025 | Others | ₹10 Cr | Open |
| 29 Aug 2011 | Bank of India | ₹5 Cr | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Evolute Fintech Innovations Private Limited
Evolute Fintech Innovations Private Limited has a workforce of 88 employees as of Apr 07, 2024.
Employee and EPFO history for Evolute Fintech Innovations Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Evolute Fintech Innovations Private Limited
GST registrations and filing compliance for Evolute Fintech Innovations Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Evolute Fintech Innovations Private Limited
Credit ratings, litigation, and regulatory alerts for Evolute Fintech Innovations Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- 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 Evolute Fintech Innovations Private Limited
MSME payment history for Evolute Fintech Innovations Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- 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 Evolute Fintech Innovations Private Limited
Corporate group structure for Evolute Fintech Innovations Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Evolute Fintech Innovations Private Limited
MCA filings and documents for Evolute Fintech Innovations Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Evolute Fintech Innovations Private Limited
Recent News on Evolute Fintech Innovations Private Limited
Frequently Asked Questions about Evolute Fintech Innovations Private Limited
Evolute Fintech Innovations Private Limited is an active private limited company in the information technology sector based in Kandivali East, Maharashtra, India. It was incorporated on 26 May 2009 (17+ years old) and is registered under CIN U30006MH2009PTC192706. The company has 88 employees.
Evolute Fintech Innovations Private Limited reported revenue of ₹66.95 Cr for FY 2024 (down 9.00% YoY).
The current directors of Evolute Fintech Innovations Private Limited are:
- Parag Kirit Mehta - Director
- Paras Kirit Mehta - Director
The primary industry of Evolute Fintech Innovations Private Limited is information technology. The company specifically operates in electronic components and equipment manufacturing. The company is currently active in this sector.
Evolute Fintech Innovations Private Limited can be reached at the registered office: Office No 801 8Th Floor Grande Edifice, Akurli Village Akurli Road, Kandivali East, Maharashtra, India – 400101, or through the website evolute.in.
The authorised capital is ₹7.5 Cr, and the paid-up capital is ₹2.37 Cr.