About Evolute Ventures Private Limited
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Evolute Ventures Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 30 May 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U93000WB2005PTC103425. Its GSTIN is 27AABCL0976E2ZK (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹34.17 Lakh. It was formerly known as Lehar Vyapaar Private Limited. It is led by directors Parag Kirit Mehta and Paras Kirit Mehta.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 67 Ground Floor New Raipur Road Kolkata, West Bengal, India – 700084.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.18 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.34 Cr (net margin 61.4%) and EBITDA of -₹3.46 Lakh (EBITDA margin -1.6%). Revenue has declined at a compounded annual rate (CAGR) of 472% over three years and 5% over five years.
As per MCA filings, the company has satisfied charges of ₹12.5 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.
- EmailLocked
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- Social Media
- Registered Address67 Ground Floor New Raipur Road Kolkata, West Bengal, India – 700084
- IndustryInformation Technology, IT Consulting & Support Services
- 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
Financials of Evolute Ventures Private Limited FY 2024 filings available
Evolute Ventures Private Limited reported revenue of ₹2.18 Cr (up 167% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Evolute Ventures Private Limited
Revenue rose 167% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 5%. 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 Evolute Ventures Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹2.18 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹3.46 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.34 Cr | •••• | •••• | •••• | •••• |
| 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 Evolute Ventures Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 61.4% | •••• | •••• | •••• | •••• |
| 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 Evolute Ventures are in the company report.
Financial statements from 2015
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 Evolute Ventures Private Limited
Evolute Ventures Private Limited is audited by UMESH P GOSAR & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| UMESH P GOSAR & 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 Evolute Ventures Private Limited
Evolute Ventures has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parag Kirit Mehta Also directs: Glomore Electro-Tech Solutions LLP, Yatra Angels Scale Up Ventures LLP, Evolute Synergies LLP and 4 more | Director | 30 Jul 2009 | 17 Years 2 Months | Current |
| Paras Kirit Mehta Also directs: Glomore Electro-Tech Solutions LLP, Evolute Synergies LLP, Evolute Fintech Innovations Private Limited and 4 more | Director | 30 Jul 2009 | 17 Years 2 Months | Current |
Ownership and Shareholding of Evolute Ventures 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 Evolute Ventures Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Aug 2011 | Bank of India | ₹5 Cr | Satisfied |
| 29 Aug 2011 | Bank of India | ₹2.5 Cr | Satisfied |
| 29 Aug 2011 | Bank of India | ₹5 Cr | Satisfied |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Evolute Ventures Private Limited
Employment history and EPFO contributions of people linked to Evolute Ventures.
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.
CIN History of Evolute Ventures Private Limited
Evolute Ventures has one previous CIN (Corporate Identification Number): U51909WB2005PTC103425. The current CIN is U93000WB2005PTC103425, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U93000WB2005PTC103425 | Current |
| U51909WB2005PTC103425 | Previous |
News related to Evolute Ventures Private Limited
Recent Activity on Evolute Ventures Private Limited
Evolute Ventures Private Limited has 4 board changes on record since 2009: 2 appointments and 2 cessations. The latest: Ashok Kumar Agarwal ceased to be Director on 02 Nov 2009.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Evolute Ventures 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 Evolute Ventures 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 Evolute Ventures 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 Evolute Ventures Private Limited
Evolute Ventures has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCL0976E2ZK | Maharashtra | Active | 12 Jul 2023 |
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 Evolute Ventures 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 Evolute Ventures Private Limited
Evolute Ventures is an active private limited company based in Kolkata, West Bengal, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 30 May 2005 (21+ years old) and is registered under CIN U93000WB2005PTC103425.
Evolute Ventures reported revenue of ₹2.18 Cr for FY 2023 (up 167% YoY).
Evolute Ventures has 2 current directors:
- Parag Kirit Mehta - Director
- Paras Kirit Mehta - Director
Evolute Ventures reported a net profit of ₹1.34 Cr (net margin 61.4%) and EBITDA of -₹3.46 Lakh (EBITDA margin -1.6%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Evolute Ventures is 472% over three years and -5% over five years. In the latest year (FY 2023) revenue rose 167%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Evolute Ventures is 27AABCL0976E2ZK, registered in Maharashtra. 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 Evolute Ventures is U93000WB2005PTC103425. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evolute Ventures was incorporated on 30 May 2005, making it 21+ years old. It is registered with the Registrar of Companies, Kolkata.
Ashok Kumar Agarwal ceased to be Director on 02 Nov 2009. Gautam Ghosh ceased to be Director on 02 Nov 2009. Parag Kirit Mehta was appointed as Director on 30 Jul 2009. Evolute Ventures has 4 board changes on record in total.
Evolute Ventures can be reached through the website evolute.in. Its registered office is in Kolkata, West Bengal, India.