About Evolve Green Projects Private Limited
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Evolve Green Projects Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Shimato Enterprised Private Limited and recognised as a startup by DPIIT. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 13 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U31909TN2020PTC138608. Its GSTIN is 33AAGCE1343P1ZK (Tamil Nadu).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Rajesh Vasant Shah and Kavita Rajesh 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 371 SIDCO Industrial Estate North Phase Ambattur, Chennai, Tamil Nadu, India – 600089.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.19 Cr, a growth of 65% compared to the previous year. For the same year it recorded a net profit of ₹3.32 Lakh (net margin 0.4%) and EBITDA of ₹13.37 Lakh (EBITDA margin 1.6%).
The company has about 15 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹14.97 Lakh on record. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2021. Its 10 peer companies in the Metals and Minerals industry (Metals) are compared by revenue, 5 larger and 5 smaller; the largest is Luv Multi Trade (India) Private Limited. The company has 6 MSME Form 1 returns on record between 2021 and 2023, listing 38 overdue payments to 14 micro and small suppliers.
For more details, the company can be reached via its website evolveindia.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address371 SIDCO Industrial Estate North Phase Ambattur, Chennai, Tamil Nadu, India – 600089
- IndustryMetals and Minerals, Metal Manufacturing & Processing
- 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 Evolve Green Projects Private Limited
The main business activity of Evolve Green Projects 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 Evolve Green Projects Private Limited FY 2025 filings available
Evolve Green Projects Private Limited reported revenue of ₹8.19 Cr (up 65% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Evolve Green Projects Private Limited
Revenue rose 65% in the latest year. EBITDA fell 56% 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 Projects Private Limited
| Metrics | 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 | ₹13.37 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.32 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 Projects Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 1.6% | •••• | •••• | •••• |
| Net Profit Margin | 0.4% | •••• | •••• | •••• |
| 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 Projects are in the company report.
Financial statements from FY 2021
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 Evolve Green Projects Private Limited
Evolve Green Projects Private Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Metals). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Luv Multi Trade (India) Private Limited | •••• | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
| Rajshanti Metals Pvt Ltd | •••• | •••• | •••• | •••• | 23 | Jamnagar, Gujarat, India |
| DST Logipack Solutions India Private Limited | •••• | •••• | •••• | •••• | 32 | Mumbai, Maharashtra, India |
| Norton Products Private Limited | •••• | •••• | •••• | •••• | - | Kandivali, Maharashtra, India |
| Gel Metaliks Pvt Ltd | •••• | •••• | •••• | •••• | - | Howrah, West Bengal, India |
| Evolve Green Projects Private Limited this company | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Raipur Steelcasting India Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| True Forge Pvt Ltd | •••• | •••• | •••• | •••• | 16 | New Delhi, Delhi, India |
| Glow-Tech Steels Pvt Ltd | •••• | •••• | •••• | •••• | - | Rajkot, Gujarat, India |
| Technico Metals Private Limited | •••• | •••• | •••• | •••• | 24 | New Delhi, Delhi, India |
| Advi Global Resources Private Limited | •••• | •••• | •••• | •••• | - | Uppal, Telangana, India |
Peers are the five companies nearest above and the five nearest below Evolve Green Projects by revenue in the Metals and Minerals industry (Metals), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Evolve Green Projects Private Limited
Evolve Green Projects Private Limited is audited by SUNIL SETHIA & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SUNIL SETHIA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Evolve Green Projects Private Limited
Evolve Green Projects has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Vasant Shah Also directs: Evolve Green Solar Parks LLP, Emerge Solar One Private Limited, Eg Green Parks Private Limited and 5 more | Director | 13 Oct 2020 | 5 Years 11 Months | Current |
| Kavita Rajesh Shah Also directs: Evolve Green Solar Parks LLP, Emerge Solar One Private Limited, Eg Green Parks Private Limited and 4 more | Director | 13 Oct 2020 | 5 Years 11 Months | Current |
Ownership and Shareholding of Evolve Green Projects 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 Evolve Green Projects Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Apr 2025 | Others | ₹14.97 Lakh | Open |
Total charge records: 1 View all charges
Deals & Funding of Evolve Green Projects Private Limited
Evolve Green Projects Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2021.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Shimato Enterprises Private Limited Seller: 2 individuals |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Evolve Green Projects Private Limited
Evolve Green Projects Private Limited has 6 MSME Form 1 returns on record between 2021 and 2023, listing 38 overdue payments to 14 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| T.T.Millwala & Sons | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Metals and Metal Electric P Ltd | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 6 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Evolve Green Projects Private Limited
Evolve Green Projects Private Limited has a workforce of 15 employees as of Apr 06, 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 Evolve Green Projects Private Limited
Evolve Green Projects Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Kavita Rajesh Shah was appointed as Director on 13 Oct 2020.
Credit Ratings, Litigation & Regulatory Alerts for Evolve Green Projects 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.
Subsidiaries & Group Companies of Evolve Green Projects 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 Evolve Green Projects Private Limited
Evolve Green Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCE1343P1ZK | Tamil Nadu | Active | 09 Dec 2020 |
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 Evolve Green Projects 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 Evolve Green Projects Private Limited
Evolve Green Projects is an active private limited company based in Chennai, Tamil Nadu, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 13 October 2020 (6+ years old) and is registered under CIN U31909TN2020PTC138608.
Evolve Green Projects reported revenue of ₹8.19 Cr for FY 2024 (up 65% YoY).
Evolve Green Projects has 2 current directors:
- Rajesh Vasant Shah - Director
- Kavita Rajesh Shah - Director
Evolve Green Projects reported a net profit of ₹3.32 Lakh (net margin 0.4%) and EBITDA of ₹13.37 Lakh (EBITDA margin 1.6%) for FY 2024, as per its filed financial statements.
The GSTIN of Evolve Green Projects is 33AAGCE1343P1ZK, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Evolve Green Projects is U31909TN2020PTC138608. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evolve Green Projects was incorporated on 13 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Chennai.
Evolve Green Projects has 1 deal on record (1 secondary share transfer); the latest was in March 2021.
The peers of Evolve Green Projects by revenue are Luv Multi Trade (India) Private Limited, Rajshanti Metals Pvt Ltd, DST Logipack Solutions India Private Limited, Norton Products Private Limited, Gel Metaliks Pvt Ltd and 5 more, all in the Metals and Minerals industry (Metals).
Kavita Rajesh Shah was appointed as Director on 13 Oct 2020. Rajesh Vasant Shah was appointed as Director on 13 Oct 2020.
Yes, Evolve Green Projects is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Evolve Green Projects has 6 MSME Form 1 returns on record between 2021 and 2023, listing 38 overdue payments to 14 micro and small suppliers. The latest return was filed on 27 Aug 2023.