About Evolutis India Private Limited
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Evolutis India Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the medical equipment retail and distribution segment of the healthcare sector. It was incorporated on 31 August 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29219MH2006PTC164210. Its GSTIN is 27AABCE6452C1ZX (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹4 Lakh. It is led by directors Sudhir Prabhakar Naik and Aditi Kedar Vaze.
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 C/O S. H. Kelkar & Company Pvt Ltd Balrajeshwar Road Off Lbs Marg Mulund (West), Mumbai, Maharashtra, India – 400080.
As per the financials filed for FY 2024, the company reported a revenue of ₹27.27 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹1.72 Cr (net margin -6.3%) and EBITDA of -₹5.21 Lakh (EBITDA margin -0.2%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 11% over five years.
The company has about 38 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Evolutis India. As per MCA filings, the company has open charges of ₹7.79 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 evolutisindia.com.
Company details
Contact details
Evolutis India Private Limited's registered office is in Mumbai, Maharashtra. Its website is evolutisindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressC/O S. H. Kelkar & Company Pvt Ltd Balrajeshwar Road Off Lbs Marg Mulund (West), Mumbai, Maharashtra, India – 400080
- IndustryHealthcare, Medical Equipment Retail & Distribution
To see the full contact details of Evolutis India 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
Evolutis India operates one associated brand: Evolutis India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of orthopedic implants and joint replacement products in India. | evolutisindia.com |
Business activity
The main business activity of Evolutis India is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Evolutis India Private Limited, buy the company report.
Financials of Evolutis India Private Limited
FY 2024 filings availableEvolutis India Private Limited reported revenue of ₹27.27 Cr (down 7% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA rose 91% 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 | -₹5.21 Lakh | ||||
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| Net Profit (PAT) | -₹1.72 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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| EBITDA Margin | -0.2% | ||||
| Net Profit Margin | -6.3% | ||||
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To see the full financial statements and ratios of Evolutis India Private Limited, buy the company report.
Board of directors of Evolutis India Private Limited
Evolutis India has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudhir Prabhakar Naik | Director | 08 Jun 2016 | 10 Years 4 Months | Current |
| Aditi Kedar Vaze | Director | 31 Aug 2006 | 20 Years 1 Months | Current |
Peer comparison
Evolutis India Private Limited is compared with the 4 companies closest to it by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shadrik Retail Solutions Private Limited | ₹27.46 Cr (FY 2025) | 35.0% | Jaipur, Rajasthan, India | |||
| Inclusive Medicare Private Limited | ₹27.36 Cr (FY 2025) | 3.0% | New Delhi, Delhi, India | |||
| Evolutis India Private Limitedthis company | ₹27.27 Cr (FY 2024) | -₹1.72 Cr | -6.3% | -7.0% | 38 | Mumbai, Maharashtra, India |
| Yashna Medisys Private Limited | ₹26.51 Cr (FY 2025) | -7.0% | Hyderabad, Telangana, India | |||
| Simplyjith Investment Corporation Private Limited | ₹26.42 Cr (FY 2023) | 27.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Evolutis India Private Limited, buy the company report.
Auditor
Evolutis India Private Limited is audited by SAURABH V BHAT for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SAURABH V BHAT | FY 2023 | 143639 |
Shareholding
The shareholding of Evolutis India Private Limited is on record for 5 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 | FY 2019 |
|---|---|---|---|---|---|
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| Others |
To see the full shareholding pattern of Evolutis India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Dec 2020 | 100406332 | Hdfc Bank Limited | ₹6.29 Cr | Open | |
| 10 Jul 2007 | 10065110 | Corporation Bank | ₹1.5 Cr | Open |
To see the full charge records of Evolutis India Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Evolutis India 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 Evolutis India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Evolutis India Private Limited has a workforce of 38 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Evolutis India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCE6452C1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Evolutis India Private Limited, buy the company report.
Recent activity
Evolutis India Private Limited has 10 board changes on record since 2006: 6 appointments and 4 cessations. The latest: Kedar Ramesh Vaze ceased to be Director on 04 Jun 2025.
5 earlier events are in the company report.
Frequently asked questions
Evolutis India is an active private limited company based in Mumbai, Maharashtra, India. The company works in medical equipment retail and distribution, within the healthcare industry. It was incorporated on 31 August 2006 (20+ years old) and is registered under CIN U29219MH2006PTC164210.
Evolutis India has 2 current directors:
- Sudhir Prabhakar Naik - Director
- Aditi Kedar Vaze - Director
The latest financial statements of Evolutis India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Evolutis India is 27AABCE6452C1ZX, 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 Evolutis India is U29219MH2006PTC164210. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evolutis India was incorporated on 31 August 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Evolutis India by revenue are Shadrik Retail Solutions Private Limited, Inclusive Medicare Private Limited, Yashna Medisys Private Limited, Simplyjith Investment Corporation Private Limited, all in the Healthcare industry (Healthcare Equipment Retail and Distribution), with the same principal business activity (wholesale trading).
Kedar Ramesh Vaze ceased to be Director on 04 Jun 2025. Sudhir Shankar Shetty ceased to be Director on 08 Apr 2022. Sudhir Prabhakar Naik was appointed as Director on 08 Jun 2016. Evolutis India has 10 board changes on record in total.
Evolutis India can be reached through the website evolutisindia.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Evolutis India is at CO S. H. Kelkar & Company Pvt Ltd Balrajeshwar Road Off Lbs Marg Mulund West, Mumbai, Maharashtra, India – 400080.
Evolutis India operates in the healthcare industry, in the medical equipment retail and distribution segment.