Evolve Promoters Private Limited
About Evolve Promoters Private Limited
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Evolve Promoters Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 11 March 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U70101DL2003PTC119363. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹26 Lakh and a paid-up capital of ₹8 Lakh. It was formerly known as Heritage Space Solutions Private Limited. It is led by directors including Devendra Kumar Sharma and Sunny Vohra.
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 D – 29 3rd Floor Defence Colony, New Delhi, Delhi, India – 110024.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.27 Cr, a decline of 71% compared to the previous year. For the same year it recorded a net profit of ₹14.68 Lakh (net margin 11.6%) and EBITDA of ₹20.74 Lakh (EBITDA margin 16.4%). Revenue has declined at a compounded annual rate (CAGR) of 53% over three years.
Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Evolve Promoters Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressD – 29 3rd Floor Defence Colony, New Delhi, Delhi, India – 110024
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Evolve Promoters 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
Business activity
The main business activity of Evolve Promoters is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Evolve Promoters Private Limited, buy the company report.
Financials of Evolve Promoters Private Limited
FY 2025 filings availableEvolve Promoters Private Limited reported revenue of ₹1.27 Cr (down 71% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 53% over three years, including a 71% fall in the latest year. EBITDA fell 34% 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 | ₹20.74 Lakh | ||||
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| Net Profit (PAT) | ₹14.68 Lakh | ||||
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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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| Profitability | |||||
| EBITDA Margin | 16.4% | ||||
| Net Profit Margin | 11.6% | ||||
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To see the full financial statements and ratios of Evolve Promoters Private Limited, buy the company report.
Board of directors of Evolve Promoters Private Limited
Evolve Promoters has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devendra Kumar Sharma Also directs: Bhagwati Projects Private Limited, Bhagwati Tradex Private Limited | Director | 20 Jul 2018 | 8 Years 3 Months | Current |
| Sunny Vohra | Director | 02 Dec 2024 | 1 Years 10 Months | Current |
| Sanjiv Vohra Also directs: Mayra Information System Consulting LLP, Eden Apartments & Villas LLP, Eden Infra Buildcon Projects LLP and 5 more | Additional Director | 17 Aug 2025 | 1 Years 2 Months | Current |
| Geeta Nayyar Vohra Also directs: Digvijay Real Estate Developers Private Limited, Eden Hospitality & Wellness Private Limited, Evolve Homes Limited and 3 more | Additional Director | 17 Aug 2025 | 1 Years 2 Months | Current |
Auditor
Evolve Promoters Private Limited is audited by A UPPAL & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A UPPAL & CO. | FY 2023 | 0005639N |
Shareholding
The shareholding of Evolve Promoters 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 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Evolve Promoters Private Limited, buy the company report.
Legal cases
Evolve Promoters Private Limited has 2 court cases on record: 2 filed by Evolve Promoters. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Uttarakhand | Court case (WPMS) | Filed by the company against Joint Commissioner Appeal Ist Dehradun | Disposed |
| District court, Dehradun, Uttarakhand | Arbitration matter | Filed by the company against individuals | Disposed |
To see the full case history of Evolve Promoters Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Evolve Promoters Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Evolve Promoters has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Evolve Promoters Private Limited, buy the company report.
Recent activity
Evolve Promoters Private Limited has 7 board changes on record since 2018: 4 appointments and 3 cessations. The latest: Geeta Nayyar Vohra was appointed as Additional Director on 17 Aug 2025.
Frequently asked questions
Evolve Promoters is an active private limited company based in New Delhi, Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 11 March 2003 (23+ years old) and is registered under CIN U70101DL2003PTC119363.
Evolve Promoters has 4 current directors:
- Devendra Kumar Sharma - Director
- Sunny Vohra - Director
- Sanjiv Vohra - Additional Director
- Geeta Nayyar Vohra - Additional Director
The latest financial statements of Evolve Promoters on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
No. Evolve Promoters has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Evolve Promoters is U70101DL2003PTC119363. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evolve Promoters has 2 court cases on record: 2 filed by the company. Most are in the district courts.
Evolve Promoters was incorporated on 11 March 2003, making it 23+ years old. It is registered with the Registrar of Companies, Delhi.
Geeta Nayyar Vohra was appointed as Additional Director on 17 Aug 2025. Sanjiv Vohra was appointed as Additional Director on 17 Aug 2025. Sanjiv Vohra ceased to be Director on 30 Jan 2025. Evolve Promoters has 7 board changes on record in total.
The registered office of Evolve Promoters is at D – 29 3rd Floor Defence Colony, New Delhi, Delhi, India – 110024.
Evolve Promoters operates in the real estate and construction industry, in the real estate builders and developers segment.