Evolv Electric Private Limited
About Evolv Electric Private Limited
Data last updated:
Evolv Electric Private Limited is a private limited company based in Pune, Maharashtra, India, recognised as a startup by DPIIT. It was incorporated on 12 March 2023.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U49223PN2023PTC218546. Its GSTIN is 27AAHCE4550B1ZY (Maharashtra).
The company has an authorised share capital of ₹1.1 Cr and a paid-up capital of ₹59,240. It is led by directors Maitreya Yeshwant Khubchandani and Kunal Lalit Nihalani.
Its last annual general meeting (AGM) was held on 31 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Opposite Lane 5 Koregaon Park, Pune, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹53.27 Lakh. For the same year it recorded a net loss of ₹95.37 Lakh (net margin -179%) and EBITDA of -₹27.73 Lakh (EBITDA margin -52.1%).
As per MCA filings, the company has open charges of ₹3.01 Cr on record. Court records list 5 cases involving the company, including 5 filed against it; 1 case is pending.
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- Registered AddressA – 3 Riverside Sultanate Society Liberty Compound, Opposite Lane 5 Koregaon Park, Pune, Maharashtra, India – 411001
- 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
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Business Activity of Evolv Electric Private Limited
The main business activity of Evolv Electric is transport and storage. In detail, this covers land transport via road.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road | 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 Evolv Electric Private Limited FY 2024 filings available
Evolv Electric Private Limited reported revenue of ₹53.27 Lakh for FY 2024.
Financial Statement Summary of Evolv Electric Private Limited
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| 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 | -₹27.73 Lakh | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | -₹95.37 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 Evolv Electric Private Limited
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -52.1% | •••• |
| Net Profit Margin | -179% | •••• |
| 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 Evolv Electric are in the company report.
Financial statements from FY 2023
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 Evolv Electric Private Limited
Evolv Electric Private Limited is compared with the companies closest to it by revenue in the Transport and Logistics industry (Call Taxi and Radio Cab Services, Machinery and Equipment Leasing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zaradize Congregate Business Solutions Private Limited | ₹53.76 Lakh (FY 2020) | •••• | •••• | -55.0% | •••• | Faridabad, Haryana, India |
| Janav Scaffolding Private Limited | ₹53.6 Lakh (FY 2024) | •••• | •••• | 185.0% | •••• | Chennai, Tamil Nadu, India |
| Vashu Cab Service Private Limited | ₹53.56 Lakh (FY 2024) | •••• | •••• | •••• | Rajpura, Punjab, India | |
| A R Enterprises Private Limited | ₹53.5 Lakh (FY 2024) | •••• | •••• | 42243.0% | •••• | Hyderabad, Telangana, India |
| Kointree Bizsol Private Limited | ₹53.48 Lakh (FY 2023) | •••• | •••• | -23.0% | •••• | Gurugram, Haryana, India |
| Evolv Electric Private Limited this company | ₹53.27 Lakh (FY 2024) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Dhuvish Forge Private Limited | ₹53.16 Lakh (FY 2025) | •••• | •••• | 11.0% | •••• | Malur, Karnataka, India |
| Eswari Cabs Private Limited | ₹53.03 Lakh (FY 2022) | •••• | •••• | -85.0% | •••• | Chennai, Tamil Nadu, India |
| Harsh Crane Service Private Limited | ₹52.81 Lakh (FY 2024) | •••• | •••• | 71.0% | •••• | Ahmedabad, Gujarat, India |
| KR Mobility Services Private Limited | ₹52.79 Lakh (FY 2022) | •••• | •••• | -6.0% | •••• | Hyderabad, Telangana, India |
| Travelorama India Private Limited | ₹52.69 Lakh (FY 2024) | •••• | •••• | -14.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Evolv Electric by revenue in the Transport and Logistics industry (Call Taxi and Radio Cab Services, Machinery and Equipment Leasing), 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 Evolv Electric Private Limited
Evolv Electric has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maitreya Yeshwant Khubchandani Also directs: Vsmy Collection Private Limited | Director | 12 Mar 2023 | 3 Years 7 Months | Current |
| Kunal Lalit Nihalani | Director | 13 Mar 2023 | 3 Years 7 Months | Current |
Charges & Borrowings of Evolv Electric Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Jan 2025 | Others | ₹35 Lakh | Open |
| 27 Jul 2023 | Others | ₹2.66 Cr | Open |
Total charge records: 2 View all charges
Legal Cases of Evolv Electric Private Limited
Evolv Electric Private Limited has 5 court cases on record: 5 filed against it. 1 case is pending and 4 are disposed. Status as checked on 21 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 1 |
Cases on record (2 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by State of Maharashtra | Disposed |
Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at Evolv Electric Private Limited
Employment history and EPFO contributions of people linked to Evolv Electric.
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 Evolv Electric Private Limited
Evolv Electric Private Limited has 4 board changes on record since 2023: 3 appointments and 1 cessation. The latest: Anuj Gopal ceased to be Director on 31 Dec 2024.
Credit Ratings, Litigation & Regulatory Alerts for Evolv Electric 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 Evolv Electric 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 Evolv Electric 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 Evolv Electric Private Limited
Evolv Electric has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCE4550B1ZY | Maharashtra | Active | 03 Apr 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 Evolv Electric 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 Evolv Electric Private Limited
Evolv Electric is an active private limited company based in Pune, Maharashtra, India. It was incorporated on 12 March 2023 (3+ years old) and is registered under CIN U49223PN2023PTC218546.
Evolv Electric reported revenue of ₹53.27 Lakh for FY 2024.
Evolv Electric has 2 current directors:
- Maitreya Yeshwant Khubchandani - Director
- Kunal Lalit Nihalani - Director
Evolv Electric reported a net loss of ₹95.37 Lakh (net margin -179%) and EBITDA of -₹27.73 Lakh (EBITDA margin -52.1%) for FY 2024, as per its filed financial statements.
The GSTIN of Evolv Electric is 27AAHCE4550B1ZY, registered in Maharashtra.
The CIN (Corporate Identification Number) of Evolv Electric is U49223PN2023PTC218546. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evolv Electric has 5 court cases on record: 5 filed against it. 1 is pending.
Evolv Electric was incorporated on 12 March 2023, making it 3+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Evolv Electric by revenue are Zaradize Congregate Business Solutions Private Limited, Janav Scaffolding Private Limited, Vashu Cab Service Private Limited, A R Enterprises Private Limited, Kointree Bizsol Private Limited and 5 more, all in the Transport and Logistics industry (Call Taxi and Radio Cab Services, Machinery and Equipment Leasing).
Anuj Gopal ceased to be Director on 31 Dec 2024. Kunal Lalit Nihalani was appointed as Director on 13 Mar 2023. Anuj Gopal was appointed as Director on 12 Mar 2023. Evolv Electric has 4 board changes on record in total.
Yes, Evolv Electric is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).