About Evolveware Information Technology (India) Private Limited
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Evolveware Information Technology (India) Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Evolveware Inc. Santa Clara Usa. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 19 October 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN1992PTC021429. Its GSTIN is 27AAACO0518Q1Z8 (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4.8 Lakh. It is led by directors Miten Marfatia and Mehul Poras Marfatia.
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 S No 1/1A/1/7/1 Behind Prachi Residency Opp Kapil Malhar Baner Road Baner, Pune, Maharashtra, India – 411045.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.82 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹2.85 Lakh (net margin -0.3%) and EBITDA of ₹46.73 Lakh (EBITDA margin 4.3%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 20% over five years.
The company is associated with 1 brand: EvolveWare.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website evolveware.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressS No 1/1A/1/7/1 Behind Prachi Residency Opp Kapil Malhar Baner Road Baner, Pune, Maharashtra, India – 411045
- IndustryInformation Technology, Application Development & Software Solutions
- 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 Evolveware Information Technology (India) Private Limited
The main business activity of Evolveware Information Technology (India) is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | 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 Evolveware Information Technology (India) Private Limited FY 2025 filings available
Evolveware Information Technology (India) Private Limited reported revenue of ₹10.82 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Evolveware Information Technology (India) Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 4% 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 Evolveware Information Technology (India) 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 | ₹46.73 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.85 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 Evolveware Information Technology (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -0.3% | •••• | •••• | •••• | •••• |
| 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 Evolveware Information Technology (India) are in the company report.
Financial statements from 2015
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 Evolveware Information Technology (India) Private Limited
Evolveware Information Technology (India) Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Suresoft Systems Private Limited | ₹10.92 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Pondicherry, India |
| Ikrux Solutions Private Limited | ₹10.88 Cr (FY 2024) | •••• | •••• | 79.0% | •••• | Bengaluru, Karnataka, India |
| Overbrook Technology Services Private Limited | ₹10.83 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Kochi, Kerala, India |
| Functionize Software Private Limited | ₹10.83 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | New Delhi, Delhi, India |
| Four Pillars Infotech India Private Limited | ₹10.83 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Pune, Maharashtra, India |
| Evolveware Information Technology (India) Private Limited this company | ₹10.82 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Pune, Maharashtra, India |
| Effone Technologies Private Limited | ₹10.81 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Bangalore, Karnataka, India |
| FDC Web Technologies Private Limited | ₹10.79 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Kanayannur, Kerala, India |
| Adaps IT Private Limited | ₹10.79 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Shaikpet, Telangana, India |
| Daytona Systems (India) Private Limited | ₹10.78 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Bangalore, Karnataka, India |
| Rits Consulting & Technologies Private Limited | ₹10.75 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Hosur, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Evolveware Information Technology (India) by revenue in the Information Technology industry (Software Services), 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 Evolveware Information Technology (India) Private Limited
Evolveware Information Technology (India) Private Limited is audited by RAJESH H ATHAWALE AND CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAJESH H ATHAWALE AND CO | 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 Evolveware Information Technology (India) Private Limited
Evolveware Information Technology (India) has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Miten Marfatia | Director | 20 Jul 1998 | 28 Years 2 Months | Current |
| Mehul Poras Marfatia | Director | 22 Sep 2017 | 9 Years 0 Months | Current |
Ownership and Shareholding of Evolveware Information Technology (India) 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 Evolveware Information Technology (India) Private Limited
Evolveware Information Technology (India) Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Evolveware Information Technology (India) Private Limited
Evolveware Information Technology (India) operates one associated brand: EvolveWare. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides AI-powered platform for application assessment, modernization, and migration services. | evolveware.com |
Employees and EPFO Compliance at Evolveware Information Technology (India) Private Limited
Employment history and EPFO contributions of people linked to Evolveware Information Technology (India).
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.
CIN History of Evolveware Information Technology (India) Private Limited
Evolveware Information Technology (India) has one previous CIN (Corporate Identification Number): U72900PN2005PTC021429. The current CIN is U72900PN1992PTC021429, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900PN1992PTC021429 | Current |
| U72900PN2005PTC021429 | Previous |
Recent Activity on Evolveware Information Technology (India) Private Limited
Evolveware Information Technology (India) Private Limited has 5 board changes on record since 1998: 2 appointments and 3 cessations. The latest: Mehul Poras Marfatia ceased to be Additional Director on 29 Sep 2017.
Credit Ratings, Litigation & Regulatory Alerts for Evolveware Information Technology (India) 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 Evolveware Information Technology (India) 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 Evolveware Information Technology (India) 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 Evolveware Information Technology (India) Private Limited
Evolveware Information Technology (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACO0518Q1Z8 | Maharashtra | Active | 01 Jul 2017 |
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 Evolveware Information Technology (India) 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 Evolveware Information Technology (India) Private Limited
Evolveware Information Technology (India) is an active private limited company based in Pune, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 19 October 1992 (34+ years old) and is registered under CIN U72900PN1992PTC021429.
Evolveware Information Technology (India) reported revenue of ₹10.82 Cr for FY 2025 (up 4% YoY).
Evolveware Information Technology (India) has 2 current directors:
- Miten Marfatia - Director
- Mehul Poras Marfatia - Director
Evolveware Information Technology (India) reported a net loss of ₹2.85 Lakh (net margin -0.3%) and EBITDA of ₹46.73 Lakh (EBITDA margin 4.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Evolveware Information Technology (India) is 17% over three years and 20% over five years. In the latest year (FY 2025) revenue rose 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Evolveware Information Technology (India) is 27AAACO0518Q1Z8, registered in Maharashtra.
The CIN (Corporate Identification Number) of Evolveware Information Technology (India) is U72900PN1992PTC021429. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evolveware Information Technology (India) was incorporated on 19 October 1992, making it 34+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Evolveware Information Technology (India) by revenue are Suresoft Systems Private Limited, Ikrux Solutions Private Limited, Overbrook Technology Services Private Limited, Functionize Software Private Limited, Four Pillars Infotech India Private Limited and 5 more, all in the Information Technology industry (Software Services).
Mehul Poras Marfatia ceased to be Additional Director on 29 Sep 2017. Mehul Poras Marfatia was appointed as Director on 22 Sep 2017. Raseshbhai Rajnikant Kothari ceased to be Director on 08 Aug 2017. Evolveware Information Technology (India) has 5 board changes on record in total.
Evolveware Information Technology (India) can be reached through the website evolveware.com. Its registered office is in Pune, Maharashtra, India.