MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-TN-24-0008233
Evolve Green Power Private Limited - environment in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.36 Cr
▲ 374% YoY
Net profit · FY 2025
₹2.47 Lakh
Net margin 1%
EBITDA · FY 2025
-₹3.83 Lakh
EBITDA margin -1.6%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹45.25 Lakh
Issued & subscribed
Open charges
₹12.77 Cr
Secured borrowings
Company age
10 yrs
Est. 2016
Directors on board
2
As per MCA filings
About Evolve Green Power Private Limited
Data last updated:
Evolve Green Power Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 28 June 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2016PTC111177. Its GSTIN is 33AAECE3274B1Z5 (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹45.25 Lakh. It is led by directors Kavita Rajesh Shah and Rajesh Vasant Shah.
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 No.371 SIDCO Industrial Estate Np Ambattur, Chennai, Tamil Nadu, India – 600098.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.36 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹2.47 Lakh (net margin 1%) and EBITDA of -₹3.83 Lakh (EBITDA margin -1.6%). Revenue has grown at a compounded annual rate (CAGR) of 207% over three years.
As per MCA filings, the company has open charges of ₹12.77 Cr on record. The company has 1 deal on record (1 rights issue); the latest was in March 2022. Its 10 peer companies in the Cleantech industry (Solar Power) are compared by revenue, 5 larger and 5 smaller; the largest is Espen Clean Energy Private Limited with revenue of ₹2.39 Cr.
Evolve Green Power Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-24-0008233). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website evolveindia.in.
Company Details of Evolve Green Power Private Limited
CIN U74999TN2016PTC111177
Registration Number 111177
Incorporation Date 28 June 2016
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-TN-24-0008233
Recognitions & Rankings of Evolve Green Power
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.371 SIDCO Industrial Estate Np Ambattur, Chennai, Tamil Nadu, India – 600098
- IndustryEnvironment, Solar Energy Solutions
Comprehensive company report
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Business Activity of Evolve Green Power Private Limited
The main business activity of Evolve Green Power is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Evolve Green Power Private Limited FY 2025 filings available
Evolve Green Power Private Limited reported revenue of ₹2.36 Cr (up 374% YoY) for FY 2025.
Revenue · FY 2025
₹2.36 Cr ▲ 374%
Net profit · FY 2025
₹2.47 Lakh margin 1%
EBITDA · FY 2025
-₹3.83 Lakh margin -1.6%
Compounded Annual Growth Rate (CAGR) of Evolve Green Power Private Limited
Revenue CAGR growth
1 year
▲ 374%
3 years · compounded
▲ 207%
EBITDA CAGR growth
1 year
▲ 80%
3 years · compounded
▼ 38%
5 years · compounded
▼ 77%
Revenue has grown at a compounded annual rate (CAGR) of 207% over three years, including 374% growth in the latest year. EBITDA rose 80% 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 of Evolve Green Power Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹3.83 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.47 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 Evolve Green Power Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1% | •••• | •••• | •••• | •••• |
| 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 Evolve Green Power are in the company report.
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Financial statements from FY 2017
Earlier years and trend charts are in the company report.
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Board of Directors of Evolve Green Power Private Limited
Evolve Green Power has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kavita Rajesh Shah Also directs: Evolve Green Solar Parks LLP, Evolve Green Projects Private Limited, Emerge Solar One Private Limited and 4 more | Director | 28 Jun 2016 | 10 Years 3 Months | Current |
| Rajesh Vasant Shah Also directs: Evolve Green Solar Parks LLP, Evolve Green Projects Private Limited, Emerge Solar One Private Limited and 5 more | Director | 28 Jun 2016 | 10 Years 3 Months | Current |
Peer Comparison of Evolve Green Power Private Limited
Evolve Green Power Private Limited is compared with the companies closest to it by revenue in the Cleantech industry (Solar Power). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Espen Clean Energy Private Limited | ₹2.39 Cr (FY 2024) | •••• | •••• | •••• | Coimbatore, Tamil Nadu, India | |
| Sanjivan Solar Private Limited | ₹2.39 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Aurangabad, Maharashtra, India |
| Mera Gao Micro Grid Power Private Limited | ₹2.38 Cr (FY 2019) | •••• | •••• | 27.0% | •••• | New Delhi, Delhi, India |
| Fpel Stellar Energy Private Limited | ₹2.37 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Hyderabad, Telangana, India |
| Atma Powers Private Limited | ₹2.37 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Muktsar, Punjab, India |
| Evolve Green Power Private Limited this company | ₹2.36 Cr (FY 2025) | •••• | •••• | 374.0% | •••• | Chennai, Tamil Nadu, India |
| Onis Solar Solutions (OPC) Private Limited | ₹2.35 Cr (FY 2025) | •••• | •••• | 291.0% | •••• | Indore, Madhya Pradesh, India |
| Krishjay Energy Private Limited | ₹2.34 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
| Platinum Solar Private Limited | ₹2.32 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Hyderabad, Telangana, India |
| Mskvy Sixth Solar SPV Limited | ₹2.32 Cr (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| 4Pe Distributed Solar Services Private Limited | ₹2.32 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Secunderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Evolve Green Power by revenue in the Cleantech industry (Solar Power), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Evolve Green Power Private Limited
Evolve Green Power Private Limited is audited by SUNIL SETHIA AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SUNIL SETHIA AND ASSOCIATES | Locked | Locked | Locked |
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Ownership and Shareholding of Evolve Green Power Private Limited
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Charges & Borrowings of Evolve Green Power Private Limited
Open charges
₹12.77 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jun 2025 | Others | ₹1.15 Cr | Open |
| 13 May 2025 | Others | ₹2.15 Cr | Open |
| 17 Dec 2024 | Others | ₹9.47 Cr | Open |
Total charge records: 3 View all charges
Deals & Funding of Evolve Green Power Private Limited
Evolve Green Power Private Limited has 1 deal on record (1 rights issue); the latest was in March 2022.
Total deals
1
Rights issue
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Rights issue | ₹14.2 Lakh | Investors: 2 individuals |
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Full deal history
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Evolve Green Power Private Limited
Employment history and EPFO contributions of people linked to Evolve Green Power.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Evolve Green Power Private Limited
Evolve Green Power Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Kavita Rajesh Shah was appointed as Director on 28 Jun 2016.
AGM
Evolve Green Power Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 115.36 Lakh with Charge ID 101123977 was registered on 30 Jun 2025.
Charges
A charge with Others amounted to Rs. 215.00 Lakh with Charge ID 101099408 was registered on 13 May 2025.
Filing
Evolve Green Power Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Charges
A charge with Others amounted to Rs. 947.00 Lakh with Charge ID 101039159 was registered on 17 Dec 2024.
Appointed
Kavita Rajesh Shah was appointed as Director.
Appointed
Rajesh Vasant Shah was appointed as Director.
Incorporation
28 Jun 2016
Evolve Green Power Private Limited was registered on 28 Jun 2016 with Roc Chennai & aged 10 years 3 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Evolve Green Power Private Limited
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MSME Payment Delays by Evolve Green Power Private Limited
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Subsidiaries & Group Companies of Evolve Green Power Private Limited
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GST Compliance of Evolve Green Power Private Limited
Evolve Green Power has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECE3274B1Z5 | Tamil Nadu | Active | 02 Sep 2020 |
| 05AAECE3274B1Z4 | Uttarakhand | Active | 08 Apr 2024 |
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MCA Filings & Documents of Evolve Green Power Private Limited
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Related news about Evolve Green Power Private Limited
Frequently Asked Questions about Evolve Green Power Private Limited
Evolve Green Power is an active private limited company based in Chennai, Tamil Nadu, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 28 June 2016 (10+ years old) and is registered under CIN U74999TN2016PTC111177.
Evolve Green Power reported revenue of ₹2.36 Cr for FY 2025 (up 374% YoY).
Evolve Green Power has 2 current directors:
- Kavita Rajesh Shah - Director
- Rajesh Vasant Shah - Director
Evolve Green Power reported a net profit of ₹2.47 Lakh (net margin 1%) and EBITDA of -₹3.83 Lakh (EBITDA margin -1.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Evolve Green Power is 207% over three years. In the latest year (FY 2025) revenue rose 374%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Evolve Green Power is 33AAECE3274B1Z5, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 05AAECE3274B1Z4 (Uttarakhand).
The CIN (Corporate Identification Number) of Evolve Green Power is U74999TN2016PTC111177. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evolve Green Power was incorporated on 28 June 2016, making it 10+ years old. It is registered with the Registrar of Companies, Chennai.
Evolve Green Power has 1 deal on record (1 rights issue); the latest was in March 2022.
The peers of Evolve Green Power by revenue are Espen Clean Energy Private Limited, Sanjivan Solar Private Limited, Mera Gao Micro Grid Power Private Limited, Fpel Stellar Energy Private Limited, Atma Powers Private Limited and 5 more, all in the Cleantech industry (Solar Power).
Kavita Rajesh Shah was appointed as Director on 28 Jun 2016. Rajesh Vasant Shah was appointed as Director on 28 Jun 2016.