Evolve IT Solutions Private Limited

Evolve IT Solutions Private Limited - healthcare in Pune, Maharashtra, India. FY 2026 financials & compliance.
CIN U74110PN2009PTC133540 Incorporated 18 February 2009 ROC Pune HQ Pune, Maharashtra, India
Active Private Limited Company healthcare MSME · Small
Data last updated
Revenue · FY 2024
₹19.71 Cr
▼ 2% YoY
Net profit · FY 2024
₹82.01 Lakh
Net margin 4.2%
EBITDA · FY 2024
₹2.25 Cr
EBITDA margin 11.4%
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹2.45 Cr
Issued & subscribed
Open charges
₹18 Cr
Satisfied ₹18.62 Cr
Company age
17 yrs
Est. 2009
Employees · EPFO
82
Provident fund records

About Evolve IT Solutions Private Limited

Data last updated:

Evolve IT Solutions Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 18 February 2009 and has been in existence for over 17 years.

The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74110PN2009PTC133540. Its GSTIN is 27AACCE1673N1ZC (Maharashtra).

The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹2.45 Cr. It is led by directors including Shilpi Anitoj Sethi (Whole-Time Director) and Amitoj Adarsh Sethi.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Pune, Maharashtra.

As per the financials filed for FY 2024, the company reported a revenue of ₹19.71 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹82.01 Lakh (net margin 4.2%) and EBITDA of ₹2.25 Cr (EBITDA margin 11.4%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 17% over five years.

The company has about 82 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹18 Cr and satisfied charges of ₹18.62 Cr on record. Court records list 6 cases involving the company, including 6 filed against it; 2 cases are pending.

Evolve IT Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0070045). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website evolveitindia.com.

Company details

CIN U74110PN2009PTC133540
Registration Number 133540
Incorporation Date 18 February 2009
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0070045

CIN history

Evolve IT Solutions has one previous CIN (Corporate Identification Number): U72900PN2009PTC133540. The current CIN is U74110PN2009PTC133540, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U74110PN2009PTC133540Current
U72900PN2009PTC133540Previous
Key People
Shilpi Anitoj Sethi Whole-Time Director Amitoj Adarsh Sethi Director Tilakraj Janakraj Tondon Director

Recognitions & Rankings of Evolve IT Solutions

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-26-0070045

Contact details

Evolve IT Solutions Private Limited's registered office is in Pune, Maharashtra. Its website is evolveitindia.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    evolveitindia.com
  • Social Media
  • Registered Address
    Plot No. 531, J – Block MIDC Bhosari, Pune, Maharashtra, India – 411026
  • Industry
    Healthcare, Medical & Laboratory Equipment

To see the full contact details of Evolve IT Solutions Private Limited, buy the company report.

Comprehensive company report
Evolve IT Solutions Private Limited - one report that includes everything
  • 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

The main business activities of Evolve IT Solutions are manufacturing and professional, scientific and technical. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment
MProfessional, Scientific and TechnicalM9Other professional, scientific and technical activities

To see the full business activity and turnover split of Evolve IT Solutions Private Limited, buy the company report.

Financials of Evolve IT Solutions Private Limited

FY 2024 filings available

Evolve IT Solutions Private Limited reported revenue of ₹19.71 Cr (down 2% YoY) for FY 2024.

Revenue · FY 2024
₹19.71 Cr ▼ 2%
Net profit · FY 2024
₹82.01 Lakh margin 4.2%
EBITDA · FY 2024
₹2.25 Cr margin 11.4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 36%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▼ 22%
3 years · compounded
▲ 60%
5 years · compounded
▲ 11%

Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA fell 22% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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₹2.25 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹82.01 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin11.4%
Net Profit Margin4.2%
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

To see the full financial statements and ratios of Evolve IT Solutions Private Limited, buy the company report.

Board of directors of Evolve IT Solutions Private Limited

Evolve IT Solutions has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Amitoj Adarsh Sethi
Also directs: Asa Value Ventures LLP
Director15 Jul 200917 Years 3 MonthsCurrent
Tilakraj Janakraj Tondon
Also directs: Tandon Electronics Private Limited
Director18 Feb 200917 Years 8 MonthsCurrent
Rameshwari Shrikant Turkar
Also directs: Empenio Technology Private Limited
Additional Director20 Jul 20251 Years 3 MonthsCurrent
Shilpi Anitoj Sethi
Also directs: Asa Value Ventures LLP
Whole-Time Director19 Sep 201016 Years 1 MonthsCurrent
View all directors

Auditor

Evolve IT Solutions Private Limited is audited by BAHETI AND SOMANI LLP for the financial year 2019.

Auditor firmFinancial yearFirm registration number
BAHETI AND SOMANI LLPFY 2019124298W

Shareholding

The shareholding of Evolve IT Solutions 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Evolve IT Solutions Private Limited, buy the company report.

Charges & borrowings

Open charges
₹18 Cr
Satisfied charges
₹18.62 Cr
Breakdown by lending institutions
Others₹18.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
13 Jun 2025101121701Others₹18 CrOpen
26 Apr 2021100444987Others₹1.97 CrSatisfied
26 Apr 2021100444984Others₹10 CrSatisfied
03 Nov 2017100135793Others₹3.15 CrSatisfied
04 Jul 201410511879Others₹3.5 CrSatisfied

To see the full charge records of Evolve IT Solutions Private Limited, buy the company report.

Total charge records: 5 View all charges

MSME payment delays

Evolve IT Solutions Private Limited has 4 MSME Form 1 returns on record between 2019 and 2023, listing 83 overdue payments to 33 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 33)

SupplierAmount dueDue sinceReported on
Federal Security & Management Services
Gagnant Solutions & Ser.
an individual supplier
As & R Circuits India Private Limited
Unique Air Express

To see the full MSME payment records of Evolve IT Solutions Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Evolve IT Solutions Private Limited has a workforce of 82 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.

Employee count
82
Active EPFO establishments
1

GST

Evolve IT Solutions has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AACCE1673N1ZCMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Evolve IT Solutions Private Limited, buy the company report.

Recent activity

Evolve IT Solutions Private Limited has 7 board changes on record since 2009: 4 appointments and 3 cessations. The latest: Rameshwari Shrikant Turkar was appointed as Additional Director on 20 Jul 2025.

Charges
A charge with Others of Rs. 18.00 Cr registered on 13 Jun 2025 with Charge ID 101121701 was modified on 14 Aug 2025.
Appointed
Rameshwari Shrikant Turkar was appointed as Additional Director.
Charges
A charge registered on 26 Apr 2021 via Charge ID 100444984 with Others was fully satisfied on 08 Jul 2025.
Charges
A charge with Others amounted to Rs. 18.00 Cr with Charge ID 101121701 was registered on 13 Jun 2025.
AGM
Evolve It Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Evolve It Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Charges
A charge with Others of Rs. 10.00 Cr registered on 26 Apr 2021 with Charge ID 100444984 was modified on 29 Mar 2023.
Charges
A charge registered on 26 Apr 2021 via Charge ID 100444987 with Others was fully satisfied on 28 Dec 2022.
Charges
A charge registered on 03 Nov 2017 via Charge ID 100135793 with Others was fully satisfied on 24 May 2022.
Charges
A charge registered on 04 Jul 2014 via Charge ID 10511879 with Others was fully satisfied on 24 May 2022.
Charges
A charge with Others of Rs. 1.97 Cr registered on 26 Apr 2021 with Charge ID 100444987 was modified on 23 Dec 2021.
Charges
A charge with Others amounted to Rs. 1.97 Cr with Charge ID 100444987 was registered on 26 Apr 2021.

11 earlier events are in the company report.

Frequently asked questions

Evolve IT Solutions is an active private limited company based in Pune, Maharashtra, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 18 February 2009 (17+ years old) and is registered under CIN U74110PN2009PTC133540.

Evolve IT Solutions has 4 current directors:

The latest financial statements of Evolve IT Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Evolve IT Solutions is 27AACCE1673N1ZC, registered in Maharashtra.

The CIN (Corporate Identification Number) of Evolve IT Solutions is U74110PN2009PTC133540. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Evolve IT Solutions has 6 court cases on record: 6 filed against it. 2 are pending.

Evolve IT Solutions was incorporated on 18 February 2009, making it 17+ years old. It is registered with the Registrar of Companies, Pune.

Rameshwari Shrikant Turkar was appointed as Additional Director on 20 Jul 2025. Shilpi Anitoj Sethi ceased to be Additional Director on 28 Sep 2012. Shilpi Anitoj Sethi was appointed as Whole-Time Director on 19 Sep 2010. Evolve IT Solutions has 7 board changes on record in total.

Yes, Evolve IT Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0070045).

Evolve IT Solutions has 4 MSME Form 1 returns on record between 2019 and 2023, listing 83 overdue payments to 33 micro and small suppliers. The latest return was filed on 29 Aug 2023.

Evolve IT Solutions can be reached through the website evolveitindia.com. Its registered office is in Pune, Maharashtra, India.