About Evoluteiq Solutions Private Limited
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Evoluteiq Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 28 August 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72501KA2019PTC127446. Its GSTIN is 29AAFCE6175N1ZY (Karnataka).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹20,410. It is led by directors including Deepak Atmaram Kinger and Sanjay Suresh Koppikar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at L82 Sector XI 9th B Main Lic Colony Jeevanbima Nagar, Bangalore, Karnataka, India – 560075.
As per the financials filed for FY 2024, the company reported a revenue of ₹20.73 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹1.3 Cr (net margin 6.3%) and EBITDA of ₹2.11 Cr (EBITDA margin 10.2%). Revenue has grown at a compounded annual rate (CAGR) of 101% over three years.
The company has about 64 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: EvoluteIQ.
For more details, the company can be reached via its website evoluteiq.com.
Company details
Contact details
Evoluteiq Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is evoluteiq.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressL82 Sector XI 9th B Main Lic Colony Jeevanbima Nagar, Bangalore, Karnataka, India – 560075
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Evoluteiq Solutions Private Limited, buy the company report.
- 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
Brands
Evoluteiq Solutions operates one associated brand: EvoluteIQ. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Low-code and no-code platform for intelligent business automation is provided. | evoluteiq.com |
Business activity
The main business activity of Evoluteiq Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Evoluteiq Solutions Private Limited, buy the company report.
Financials of Evoluteiq Solutions Private Limited
FY 2025 filings availableEvoluteiq Solutions Private Limited reported revenue of ₹20.73 Cr (up 37% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 101% over three years, including 37% growth in the latest year. EBITDA fell 3% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.11 Cr | ||||
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| Net Profit (PAT) | ₹1.3 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 10.2% | ||||
| Net Profit Margin | 6.3% | ||||
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To see the full financial statements and ratios of Evoluteiq Solutions Private Limited, buy the company report.
Board of directors of Evoluteiq Solutions Private Limited
Evoluteiq Solutions has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Atmaram Kinger Also directs: Invenqo Solutions Private Limited | Director | 28 Aug 2019 | 7 Years 2 Months | Current |
| Sanjay Suresh Koppikar Also directs: Quadwave Consulting Private Limited, Million Mutinies Foundation | Director | 03 Sep 2024 | 2 Years 2 Months | Current |
| Shreenatha Narayana Mysore Also directs: Quadwave Consulting Private Limited | Director | 28 Aug 2019 | 7 Years 2 Months | Current |
Peer comparison
Evoluteiq Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sapinfra Technologies Private Limited | ₹20.81 Cr (FY 2024) | 4.0% | New Delhi, Delhi, India | |||
| As IT Consulting Private Limited | ₹20.79 Cr (FY 2024) | 13.0% | New Delhi, Delhi, India | |||
| Octillion Media India Private Limited | ₹20.76 Cr (FY 2025) | 120.0% | Jaipur, Rajasthan, India | |||
| Fortuna Identity Private Limited | ₹20.76 Cr (FY 2024) | 47.0% | Hyderabad, Telangana, India | |||
| Dynoconv Engineering India Private Limited | ₹20.75 Cr (FY 2025) | 62.0% | Chennai, Tamil Nadu, India | |||
| Evoluteiq Solutions Private Limitedthis company | ₹20.73 Cr (FY 2024) | ₹1.3 Cr | 6.3% | 37.0% | 64 | Bangalore, Karnataka, India |
| Axpl Private Limited | ₹20.71 Cr (FY 2025) | 195.0% | Haryana, India | |||
| Alphadecimal Networks Private Limited | ₹20.68 Cr (FY 2025) | 2.0% | Ahmedabad, Gujarat, India | |||
| Marut Dronetech Private Limited | ₹20.65 Cr (FY 2025) | -15.0% | Hyderabad, Telangana, India | |||
| Chatous Technologies India Private Limited | ₹20.62 Cr (FY 2024) | 39.0% | Gurugram, Haryana, India | |||
| We Tailwind Technologies Private Limited | ₹20.61 Cr (FY 2024) | 27.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Evoluteiq Solutions Private Limited, buy the company report.
Auditor
Evoluteiq Solutions Private Limited is audited by Murali & Venkat for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Murali & Venkat | FY 2023 | 002162S |
Shareholding
The shareholding of Evoluteiq Solutions Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Evoluteiq Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Evoluteiq Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Evoluteiq Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Evoluteiq Solutions Private Limited has a workforce of 64 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Evoluteiq Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCE6175N1ZY | Karnataka | Active | 09 Oct 2019 |
To see the full GST registrations and return filing status of Evoluteiq Solutions Private Limited, buy the company report.
Recent activity
Evoluteiq Solutions Private Limited has 4 board changes on record since 2019: 3 appointments and 1 cessation. The latest: Sanjay Suresh Koppikar ceased to be Additional Director on 27 Sep 2024.
News
Frequently asked questions
Evoluteiq Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 28 August 2019 (7+ years old) and is registered under CIN U72501KA2019PTC127446.
Evoluteiq Solutions has 3 current directors:
- Deepak Atmaram Kinger - Director
- Sanjay Suresh Koppikar - Director
- Shreenatha Narayana Mysore - Director
The latest financial statements of Evoluteiq Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Evoluteiq Solutions is 29AAFCE6175N1ZY, registered in Karnataka.
The CIN (Corporate Identification Number) of Evoluteiq Solutions is U72501KA2019PTC127446. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evoluteiq Solutions was incorporated on 28 August 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Evoluteiq Solutions by revenue are Sapinfra Technologies Private Limited, As IT Consulting Private Limited, Octillion Media India Private Limited, Fortuna Identity Private Limited, Dynoconv Engineering India Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Sanjay Suresh Koppikar ceased to be Additional Director on 27 Sep 2024. Sanjay Suresh Koppikar was appointed as Director on 03 Sep 2024. Deepak Atmaram Kinger was appointed as Director on 28 Aug 2019. Evoluteiq Solutions has 4 board changes on record in total.
Evoluteiq Solutions can be reached through the website evoluteiq.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Evoluteiq Solutions is at L82 Sector XI 9th B Main Lic Colony Jeevanbima Nagar, Bangalore, Karnataka, India – 560075.
Evoluteiq Solutions operates in the information technology industry, in the IT consulting and support services segment.
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