Evolution Engitech Private Limited
About Evolution Engitech Private Limited
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Evolution Engitech Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the home appliances segment of the electronics sector. It was incorporated on 15 September 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29309GJ2021PTC125619. Its GSTIN is 24AAGCE6496D1ZK (Gujarat).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.8 Lakh. It is led by directors including Milan M Patel and Ravi Maheshbhai Patel.
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 Shed 41/B Mona Industrial Estate Asso. Opp Anil Starch Mill, Ahmedabad, Gujarat, India – 380018.
As per the financials filed for FY 2024, the company reported a revenue of ₹30.6 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.99 Lakh (net margin 6.5%) and EBITDA of ₹3.89 Lakh (EBITDA margin 12.7%).
The company is associated with 1 brand: Evovalves. As per MCA filings, the company has open charges of ₹25 Lakh on record.
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- Registered AddressShed 41/B Mona Industrial Estate Asso. Opp Anil Starch Mill, Ahmedabad, Gujarat, India – 380018
- IndustryElectrnoics, Home Appliance, Manufacturing
- 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
Business Activity of Evolution Engitech Private Limited
The main business activity of Evolution Engitech is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Evolution Engitech Private Limited FY 2025 filings available
Evolution Engitech Private Limited reported revenue of ₹30.6 Lakh (up 404% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Evolution Engitech Private Limited
Revenue rose 404% in the latest year. EBITDA rose 761% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Evolution Engitech Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | ₹3.89 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.99 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 Evolution Engitech Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 12.7% | •••• | •••• |
| Net Profit Margin | 6.5% | •••• | •••• |
| 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 Evolution Engitech are in the company report.
Financial statements from FY 2022
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.
Peer Comparison of Evolution Engitech Private Limited
Evolution Engitech Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Metal and metal products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| A.V.A.A. Shaw Welding Private Limited | ₹30.77 Lakh (FY 2024) | •••• | •••• | •••• | Domjur, West Bengal, India | |
| Shankul Engineering Private Limited | ₹30.75 Lakh (FY 2025) | •••• | •••• | 311.0% | •••• | Satara, Maharashtra, India |
| Arks Indu-Mach Pvt Ltd | ₹30.74 Lakh (FY 2024) | •••• | •••• | 16.0% | •••• | Telangana, India |
| Shri Bajrangbali Ingot and Steels Private Limited | ₹30.64 Lakh (FY 2025) | •••• | •••• | 52.0% | •••• | Raipur, Chhattisgarh, India |
| Jain Conductors Private Limited | ₹30.63 Lakh (FY 2016) | •••• | •••• | 22.0% | •••• | Delhi, India |
| Evolution Engitech Private Limited this company | ₹30.6 Lakh (FY 2024) | •••• | •••• | 404.0% | •••• | Ahmedabad, Gujarat, India |
| Excel Int Ext Private Limited | ₹30.58 Lakh (FY 2021) | •••• | •••• | -97.0% | •••• | Kozhikode, Kerala, India |
| Sap Technotrade Private Limited | ₹30.58 Lakh (FY 2025) | •••• | •••• | -59.0% | •••• | Pune, Maharashtra, India |
| Kaithal Foundry Industries (India) Private Limited | ₹30.55 Lakh (FY 2024) | •••• | •••• | -3.0% | •••• | Arjun Nagar, Khanori Road, Haryana, India |
| Bentonite (India) Private Limited | ₹30.53 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Alwar, Rajasthan, India |
| Anu Extrusions Private Limited | ₹30.5 Lakh (FY 2024) | •••• | •••• | 11.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Evolution Engitech by revenue in the same principal business activity (Metal and metal products), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Evolution Engitech Private Limited
Evolution Engitech has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Milan M Patel | Director | 15 Sep 2021 | 5 Years 0 Months | Current |
| Ravi Maheshbhai Patel | Director | 15 Sep 2021 | 5 Years 0 Months | Current |
| Parth Ramjibhai Patel | Director | 15 Sep 2021 | 5 Years 0 Months | Current |
Ownership and Shareholding of Evolution Engitech 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 Evolution Engitech Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Dec 2025 | Others | ₹25 Lakh | Open |
Total charge records: 1 View all charges
Associated Brands with Evolution Engitech Private Limited
Evolution Engitech operates one associated brand: Evovalves. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures industrial valves for global industries including petrochemicals and power plants. | evovalves.com |
Employees and EPFO Compliance at Evolution Engitech Private Limited
Evolution Engitech Private Limited has a workforce of 0 employees as of Apr 05, 2024.
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.
Recent Activity on Evolution Engitech Private Limited
Evolution Engitech Private Limited has 3 board changes on record since 2021: 3 appointments. The latest: Milan M Patel was appointed as Director on 15 Sep 2021.
Credit Ratings, Litigation & Regulatory Alerts for Evolution Engitech 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 Evolution Engitech 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 Evolution Engitech 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 Evolution Engitech Private Limited
Evolution Engitech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCE6496D1ZK | Gujarat | Active | 24 Nov 2021 |
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 Evolution Engitech 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 Evolution Engitech Private Limited
Evolution Engitech is an active private limited company based in Ahmedabad, Gujarat, India. The company works in home appliance, within the electronics industry. It was incorporated on 15 September 2021 (5+ years old) and is registered under CIN U29309GJ2021PTC125619.
Evolution Engitech reported revenue of ₹30.6 Lakh for FY 2024 (up 404% YoY).
Evolution Engitech has 3 current directors:
- Milan M Patel - Director
- Ravi Maheshbhai Patel - Director
- Parth Ramjibhai Patel - Director
Evolution Engitech reported a net profit of ₹1.99 Lakh (net margin 6.5%) and EBITDA of ₹3.89 Lakh (EBITDA margin 12.7%) for FY 2024, as per its filed financial statements.
The GSTIN of Evolution Engitech is 24AAGCE6496D1ZK, registered in Gujarat.
The CIN (Corporate Identification Number) of Evolution Engitech is U29309GJ2021PTC125619. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evolution Engitech was incorporated on 15 September 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Evolution Engitech by revenue are A.V.A.A. Shaw Welding Private Limited, Shankul Engineering Private Limited, Arks Indu-Mach Pvt Ltd, Shri Bajrangbali Ingot and Steels Private Limited, Jain Conductors Private Limited and 5 more, all in the same principal business activity (Metal and metal products).
Milan M Patel was appointed as Director on 15 Sep 2021. Parth Ramjibhai Patel was appointed as Director on 15 Sep 2021. Ravi Maheshbhai Patel was appointed as Director on 15 Sep 2021.
Yes, Evolution Engitech is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
The registered office of Evolution Engitech is at Shed 41B Mona Industrial Estate Asso. Opp Anil Starch Mill, Ahmedabad, Gujarat, India – 380018.