About Evolving Systems Networks India Private Limited
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Evolving Systems Networks India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Eti-Net Inc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 03 February 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72300KA2004PTC033291. Its GSTIN is 29AABCE2761N1ZA (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹37.02 Lakh. It is led by directors including Takhellambam Chandrasekhar Singh and Karl William Gilbank.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2026, the company reported a revenue of ₹49.12 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹4.75 Cr (net margin 9.7%) and EBITDA of ₹6.95 Cr (EBITDA margin 14.2%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 4% over five years.
The company has about 168 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Evolving Systems. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website evolving.com.
Company details
Contact details
Evolving Systems Networks India Private Limited's registered office is in Bangalore, Karnataka. Its website is evolving.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3rd Floor Gurudas Heritage # 59/2 100 Feet Ring Road Banashankari 2nd Sta, Ge, Bangalore, Karnataka, India – 560070
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Evolving Systems Networks India 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
Brands
Evolving Systems Networks India operates one associated brand: Evolving Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Mobile services are activated, enabled, and managed for users. | evolving.com |
Business activity
The main business activity of Evolving Systems Networks India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 62 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Evolving Systems Networks India Private Limited, buy the company report.
Financials of Evolving Systems Networks India Private Limited
FY 2026 filings availableEvolving Systems Networks India Private Limited reported revenue of ₹49.12 Cr (up 8% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 8% growth in the latest year. EBITDA rose 1% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹49.12 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹6.95 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.75 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.2% | ||||
| Net Profit Margin | 9.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Evolving Systems Networks India Private Limited, buy the company report.
Board of directors of Evolving Systems Networks India Private Limited
Evolving Systems Networks India has 4 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Takhellambam Chandrasekhar Singh Also directs: Headspin Technologies Private Limited | Director | 07 Dec 2022 | 3 Years 11 Months | Current |
| Karl William Gilbank Also directs: Headspin Technologies Private Limited | Director | 13 Jan 2022 | 4 Years 9 Months | Current |
| Anjali Devarajan Also directs: Headspin Technologies Private Limited | Director | 24 Mar 2022 | 4 Years 7 Months | Current |
| Neha Ashwin Bhatia Also directs: Headspin Technologies Private Limited | Additional Director | 05 Jun 2025 | 1 Years 5 Months | Current |
Auditor
Evolving Systems Networks India Private Limited is audited by BALAKRISHNA & CO for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BALAKRISHNA & CO | FY 2026 | 004835S |
Shareholding
The shareholding of Evolving Systems Networks India Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Evolving Systems Networks India Private Limited, buy the company report.
Legal cases
Evolving Systems Networks India Private Limited has 1 court case on record: 1 filed by Evolving Systems Networks India. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against The Assistant /Deputy Commissioner of Income Tax Circle 2( and 1 other | Disposed |
To see the full case history of Evolving Systems Networks India 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
Evolving Systems Networks India Private Limited has 4 MSME Form 1 returns on record between 2022 and 2023, listing 10 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Crayon Software Experts India Private Limited | |||
| Darttag Consulting LLP |
To see the full MSME payment records of Evolving Systems Networks India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Evolving Systems Networks India Private Limited has a workforce of 168 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Evolving Systems Networks India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCE2761N1ZA | Karnataka | Active | 01 Jul 2017 |
| 19AABCE2761N1ZB | West Bengal | Active | 17 Aug 2017 |
To see the full GST registrations and return filing status of Evolving Systems Networks India Private Limited, buy the company report.
Recent activity
Evolving Systems Networks India Private Limited has 25 board changes on record since 2008: 4 appointments and 21 cessations. The latest: Neha Ashwin Bhatia was appointed as Additional Director on 05 Jun 2025.
16 earlier events are in the company report.
News
Frequently asked questions
Evolving Systems Networks India is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 03 February 2004 (22+ years old) and is registered under CIN U72300KA2004PTC033291.
Evolving Systems Networks India has 4 current directors:
- Takhellambam Chandrasekhar Singh - Director
- Karl William Gilbank - Director
- Anjali Devarajan - Director
- Neha Ashwin Bhatia - Additional Director
The latest financial statements of Evolving Systems Networks India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Evolving Systems Networks India is 29AABCE2761N1ZA, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 19AABCE2761N1ZB (West Bengal).
The CIN (Corporate Identification Number) of Evolving Systems Networks India is U72300KA2004PTC033291. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evolving Systems Networks India has 1 court case on record: 1 filed by the company.
Evolving Systems Networks India was incorporated on 03 February 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
Neha Ashwin Bhatia was appointed as Additional Director on 05 Jun 2025. Bhavik Manoj Jagani ceased to be Additional Director on 29 Sep 2024. Takhellambam Chandrasekhar Singh ceased to be Additional Director on 29 Sep 2023. Evolving Systems Networks India has 25 board changes on record in total.
Evolving Systems Networks India has 4 MSME Form 1 returns on record between 2022 and 2023, listing 10 overdue payments to 2 micro and small suppliers. The latest return was filed on 16 Oct 2023.
Evolving Systems Networks India can be reached through the website evolving.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Evolving Systems Networks India is at 3rd Floor Gurudas Heritage # 592 100 Feet Ring Road Banashankari 2nd Sta, Ge, Bangalore, Karnataka, India – 560070.
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