About Evolver Techniques Private Limited
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Evolver Techniques Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 27 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U18100KA2019PTC124641. Its GSTIN is 29AAFCE5021R1Z7 (Karnataka).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Sweta Singh and Ranjith Sabanayagam.
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 No. 12 3rd Cross Mcechs Layout Dr. Shivaramkaranth Nagar Hegde Nagar, Bangalore, Karnataka, India – 560077.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.55 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹87,770 (net margin 0.6%) and EBITDA of ₹3.11 Lakh (EBITDA margin 2%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 68% over five years.
As per MCA filings, the company has open charges of ₹85 Lakh on record.
For more details, the company can be reached via its website evolver.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo. 12 3rd Cross Mcechs Layout Dr. Shivaramkaranth Nagar Hegde Nagar, Bangalore, Karnataka, India – 560077
- IndustryManufacturing, Textile & Fabric Production
- 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 Evolver Techniques Private Limited
The main business activity of Evolver Techniques is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel 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 Evolver Techniques Private Limited FY 2024 filings available
Evolver Techniques Private Limited reported revenue of ₹1.55 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Evolver Techniques Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 68% over five years, including 9% growth in the latest year. EBITDA fell 24% 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 Evolver Techniques 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 | ₹3.11 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹87,770 | •••• | •••• | •••• | •••• |
| 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 Evolver Techniques Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.6% | •••• | •••• | •••• | •••• |
| 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 Evolver Techniques are in the company report.
Financial statements from FY 2020
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 Evolver Techniques Private Limited
Evolver Techniques Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tarini Fashions Private Limited | ₹1.55 Cr (FY 2024) | •••• | •••• | -13.0% | •••• | Jaipur, Rajasthan, India |
| A.S. Washers Private Limited | ₹1.55 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Kolkata, West Bengal, India |
| V S Spinners Private Limited | ₹1.55 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Punjab, India |
| RLF Limited Listed | ₹1.55 Cr (FY 2025) | •••• | •••• | -35.0% | •••• | Haryana, India |
| Viyaan Apparels Private Limited | ₹1.55 Cr (FY 2025) | •••• | •••• | -74.0% | •••• | Bhiwandi, Maharashtra, India |
| Evolver Techniques Private Limited this company | ₹1.55 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Bangalore, Karnataka, India |
| Abbie Textiles Private Limited | ₹1.54 Cr (FY 2017) | •••• | •••• | -5.0% | •••• | Karur, Tamil Nadu, India |
| Trenova Fashions Private Limited | ₹1.54 Cr (FY 2025) | •••• | •••• | -44.0% | •••• | Mumbai, Maharashtra, India |
| Weyburn Heavy Industries Private Limited | ₹1.54 Cr (FY 2025) | •••• | •••• | -42.0% | •••• | Mahesana, Gujarat, India |
| Expended Elephant Private Limited | ₹1.54 Cr (FY 2024) | •••• | •••• | 50.0% | •••• | Ajmer, Rajasthan, India |
| Devindera Cotton Mills Private Limited | ₹1.54 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Punjab, India |
Peers are the five companies nearest above and the five nearest below Evolver Techniques by revenue in the Manufacturing industry (Textiles), 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 Evolver Techniques Private Limited
Evolver Techniques Private Limited is audited by Agarwala Pankaj & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Agarwala Pankaj & 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 Evolver Techniques Private Limited
Evolver Techniques has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sweta Singh | Director | 27 May 2019 | 7 Years 4 Months | Current |
| Ranjith Sabanayagam | Director | 27 May 2019 | 7 Years 4 Months | Current |
Ownership and Shareholding of Evolver Techniques 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 Evolver Techniques Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Jul 2023 | Bank of India | ₹5 Lakh | Open |
| 14 Oct 2019 | Others | ₹80 Lakh | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Evolver Techniques Private Limited
Employment history and EPFO contributions of people linked to Evolver Techniques.
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 Evolver Techniques Private Limited
Evolver Techniques Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Ranjith Sabanayagam was appointed as Director on 27 May 2019.
Credit Ratings, Litigation & Regulatory Alerts for Evolver Techniques 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 Evolver Techniques 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 Evolver Techniques 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 Evolver Techniques Private Limited
Evolver Techniques has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCE5021R1Z7 | Karnataka | Active | 15 Jul 2019 |
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 Evolver Techniques 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 Evolver Techniques Private Limited
Evolver Techniques is an active private limited company based in Bangalore, Karnataka, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 27 May 2019 (7+ years old) and is registered under CIN U18100KA2019PTC124641.
Evolver Techniques reported revenue of ₹1.55 Cr for FY 2025 (up 9% YoY).
Evolver Techniques has 2 current directors:
- Sweta Singh - Director
- Ranjith Sabanayagam - Director
Evolver Techniques reported a net profit of ₹87,770 (net margin 0.6%) and EBITDA of ₹3.11 Lakh (EBITDA margin 2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Evolver Techniques is 4% over three years and 68% over five years. In the latest year (FY 2025) revenue rose 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Evolver Techniques is 29AAFCE5021R1Z7, registered in Karnataka.
The CIN (Corporate Identification Number) of Evolver Techniques is U18100KA2019PTC124641. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evolver Techniques was incorporated on 27 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Evolver Techniques by revenue are Tarini Fashions Private Limited, A.S. Washers Private Limited, V S Spinners Private Limited, RLF Limited, Viyaan Apparels Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Ranjith Sabanayagam was appointed as Director on 27 May 2019. Sweta Singh was appointed as Director on 27 May 2019.
Yes, Evolver Techniques is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).