About Evolvus Solutions Private Limited
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Evolvus Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 03 January 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2007PTC041376. Its GSTIN is 29AABCE7935L1Z4 (Karnataka).
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹34.13 Lakh. It is led by directors including Thenkarai Somanathan Karthikeyan and Balaji Jagannathan.
Its last annual general meeting (AGM) was held on 25 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹15.25 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹34.16 Lakh (net margin 2.2%) and EBITDA of ₹2.12 Cr (EBITDA margin 13.9%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 5% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Evolvus. As per MCA filings, the company has satisfied charges of ₹6.28 Cr on record. The company has 4 deals on record (3 rights issues, 1 funding round), with disclosed funding of ₹18 Lakh; the latest was in January 2020. Its 10 peer companies in the same principal business activity (other information & communication service activities) are compared by revenue, 5 larger and 5 smaller; the largest is Thinkapps Solutions Private Limited with revenue of ₹15.29 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 5 overdue payments to 5 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website evolvussolutions.com.
Company details
Contact details
Evolvus Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is evolvussolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address#421/M Shri Krishna Temple Road, Indiranagar 1st Stage, Bangalore, Karnataka, India – 560038
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Evolvus Solutions 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
Evolvus Solutions operates one associated brand: Evolvus. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Data migration and integration solutions are provided for banking clients. | evolvussolutions.com |
Business activity
The main business activity of Evolvus Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Evolvus Solutions Private Limited, buy the company report.
Financials of Evolvus Solutions Private Limited
FY 2024 filings availableEvolvus Solutions Private Limited reported revenue of ₹15.25 Cr (up 12% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 12% growth in the latest year. EBITDA rose 9% 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 | ₹2.12 Cr | ||||
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| Net Profit (PAT) | ₹34.16 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 | 13.9% | ||||
| Net Profit Margin | 2.2% | ||||
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To see the full financial statements and ratios of Evolvus Solutions Private Limited, buy the company report.
Board of directors of Evolvus Solutions Private Limited
Evolvus Solutions has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thenkarai Somanathan Karthikeyan Also directs: Syneca AI Private Limited, Paycorp Solutions Private Limited | Director | 03 Jan 2007 | 19 Years 9 Months | Current |
| Balaji Jagannathan Also directs: Syneca AI Private Limited, Paycorp Solutions Private Limited | Director | 03 Jan 2007 | 19 Years 9 Months | Current |
| Maroli Prashant Also directs: Paycorp Solutions Private Limited | Director | 03 Jan 2007 | 19 Years 9 Months | Current |
Peer comparison
Evolvus Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Thinkapps Solutions Private Limited | ₹15.29 Cr (FY 2025) | -17.0% | Mumbai, Maharashtra, India | |||
| Z Home India Private Limited | ₹15.28 Cr (FY 2025) | 369.0% | Pune, Maharashtra, India | |||
| Advantal Technologies Limited | ₹15.27 Cr (FY 2024) | 43.0% | Gurgaon, Haryana, India | |||
| Green Point Technology Services (India) Private Limited | ₹15.27 Cr (FY 2025) | -12.0% | Navi Mumbai, Maharashtra, India | |||
| Edvoy Technologies Private Limited | ₹15.25 Cr (FY 2025) | 15.0% | Chennai, Tamil Nadu, India | |||
| Evolvus Solutions Private Limitedthis company | ₹15.25 Cr (FY 2024) | ₹34.16 Lakh | 2.2% | 12.0% | 22 | Bangalore, Karnataka, India |
| Youngsoft India Private Limited | ₹15.24 Cr (FY 2025) | 10.0% | Hyderabad, Telangana, India | |||
| Mogli Finance Private Limited | ₹15.22 Cr (FY 2025) | 73.0% | New Delhi, Delhi, India | |||
| Excelgens Consulting Services India Private Limited | ₹15.21 Cr (FY 2025) | -1.0% | Dehradun, Uttarakhand, India | |||
| Bigworks Technologies Private Limited | ₹15.2 Cr (FY 2024) | 23.0% | Hyderabad, Telangana, India | |||
| Conquest Integrated Solutions Private Limited | ₹15.19 Cr (FY 2025) | 25.0% | Bengaluru, Karnataka, India |
To see the full peer comparison of Evolvus Solutions Private Limited, buy the company report.
Auditor
Evolvus Solutions Private Limited is audited by Nanjunda & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Nanjunda & Co | FY 2023 | 005514S |
Shareholding
The shareholding of Evolvus 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
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| Others |
To see the full shareholding pattern of Evolvus Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jul 2015 | 10597036 | Others | ₹5.28 Cr | Satisfied | |
| 26 Jul 2011 | 10301753 | Karnataka Bank Ltd. | ₹1 Cr | Satisfied |
To see the full charge records of Evolvus Solutions Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Evolvus Solutions Private Limited has 4 deals on record (3 rights issues, 1 funding round), with disclosed funding of ₹18 Lakh; the latest was in January 2020.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2020 | Rights issue | ₹5 Cr | Investors: an individual |
| Dec 2019 | Rights issue | ₹1 Cr | Investors: 4 individuals |
| Nov 2016 | Rights issue | ₹6.5 Lakh | Investors: Trustees Evolvus Solutions Employees Stock Option Trust, 3 individuals |
| Mar 2015 | Funding round | ₹18 Lakh | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Evolvus Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Evolvus Solutions Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 5 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| V-Power Systems & Services | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Priyan Technologies |
To see the full MSME payment records of Evolvus Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Evolvus Solutions Private Limited has a workforce of 22 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Evolvus Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCE7935L1Z4 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Evolvus Solutions Private Limited, buy the company report.
Recent activity
Evolvus Solutions Private Limited has 3 board changes on record since 2007: 3 appointments. The latest: Balaji Jagannathan was appointed as Director on 03 Jan 2007.
Frequently asked questions
Evolvus Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in software development and support services, within the information technology industry. It was incorporated on 03 January 2007 (19+ years old) and is registered under CIN U72200KA2007PTC041376.
Evolvus Solutions has 3 current directors:
- Thenkarai Somanathan Karthikeyan - Director
- Balaji Jagannathan - Director
- Maroli Prashant - Director
The latest financial statements of Evolvus Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 25 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Evolvus Solutions is 29AABCE7935L1Z4, registered in Karnataka.
The CIN (Corporate Identification Number) of Evolvus Solutions is U72200KA2007PTC041376. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evolvus Solutions was incorporated on 03 January 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Evolvus Solutions has 4 deals on record (3 rights issues, 1 funding round), with disclosed funding of ₹18 Lakh; the latest was in January 2020.
The peers of Evolvus Solutions by revenue are Thinkapps Solutions Private Limited, Z Home India Private Limited, Advantal Technologies Limited, Green Point Technology Services (India) Private Limited, Edvoy Technologies Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Balaji Jagannathan was appointed as Director on 03 Jan 2007. Maroli Prashant was appointed as Director on 03 Jan 2007. Thenkarai Somanathan Karthikeyan was appointed as Director on 03 Jan 2007.
Evolvus Solutions has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 5 overdue payments to 5 micro and small suppliers. The latest return was filed on 08 Jun 2019.
Evolvus Solutions can be reached through the website evolvussolutions.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Evolvus Solutions is at #421M Shri Krishna Temple Road, Indiranagar 1st Stage, Bangalore, Karnataka, India – 560038.