MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-HR-05-0020196
Evorise Limited - business outsourcing in Gurgaon, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹6.76 Cr
▼ 62% YoY
Net profit · FY 2025
₹4.77 Lakh
Net margin 0.7%
EBITDA · FY 2025
₹9.21 Lakh
EBITDA margin 1.4%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹9.97 Cr
Issued & subscribed
Satisfied charges
₹50 Lakh
No open charges
Company age
22 yrs
Est. 2004
Employees · EPFO
279
Provident fund records
About Evorise Limited
Data last updated:
Evorise Limited is a public limited company based in Gurgaon, Haryana, India, a subsidiary of 1707 Advisors Fz-Llc, Uae. It operates in the business process outsourcing sector. It was incorporated on 08 September 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72300HR2004PLC083875. Its GSTIN is 06AABCN9776C1ZB (Haryana). The company holds 6 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.97 Cr. It was formerly known as Newquest Process Outsourcing Limited and Newquest Process Outsourcing Limited. It is led by directors including Rajendra Mani Appalla and Anjana.
Its last annual general meeting (AGM) was held on 30 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gurgaon, Haryana.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.76 Cr, a decline of 62% compared to the previous year. For the same year it recorded a net profit of ₹4.77 Lakh (net margin 0.7%) and EBITDA of ₹9.21 Lakh (EBITDA margin 1.4%). Revenue has declined at a compounded annual rate (CAGR) of 43% over three years and 23% over five years.
The company has about 279 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹50 Lakh on record.
Evorise Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-05-0020196). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avanthabsl.com.
Company details
CIN U72300HR2004PLC083875
Registration Number 083875
Incorporation Date 08 September 2004
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 August 2025
Date of Balance Sheet 31 March 2025
Parent Company 1707 Advisors Fz-Llc, Uae
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-HR-05-0020196
Name history
Evorise has undergone 3 name changes throughout its history. The company was previously known as Newquest Process Outsourcing Limited, Newquest Process Outsourcing Limited, and Newquest Process Outsourcing Private Limited. The current legal name is Evorise Limited.
| Company Name | Status |
|---|---|
| Evorise Limited | Current |
| Newquest Process Outsourcing Limited | Previous |
| Newquest Process Outsourcing Limited | Previous |
| Newquest Process Outsourcing Private Limited | Previous |
CIN history
Evorise has one previous CIN (Corporate Identification Number): U72300DL2004PLC128864. The current CIN is U72300HR2004PLC083875, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72300HR2004PLC083875 | Current |
| U72300DL2004PLC128864 | Previous |
Recognitions & Rankings of Evorise
Contact details
Evorise Limited's registered office is in Gurgaon, Haryana. Its website is avanthabsl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressC – 3 C – 944 Block – C Sushant Lok, Phase – I Sector – 43, Gurgaon, Haryana, India – 122001
- IndustryBusiness Outsourcing, Business Process Outsourcing
To see the full contact details of Evorise Limited, buy the company report.
Comprehensive company report
Evorise Limited - one report that includes everything
- 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
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Business activity
The main business activity of Evorise is information and communication. In detail, this covers information service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 63 | Information service activities |
To see the full business activity and turnover split of Evorise Limited, buy the company report.
Financials of Evorise Limited
FY 2025 filings availableEvorise Limited reported revenue of ₹6.76 Cr (down 62% YoY) for FY 2025.
Revenue · FY 2025
₹6.76 Cr ▼ 62%
Net profit · FY 2025
₹4.77 Lakh margin 0.7%
EBITDA · FY 2025
₹9.21 Lakh margin 1.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 62%
3 years · compounded
▼ 43%
5 years · compounded
▼ 23%
EBITDA CAGR growth
1 year
▲ 112%
3 years · compounded
▼ 66%
5 years · compounded
▼ 8%
Revenue has declined at a compounded annual rate (CAGR) of 23% over five years, including a 62% fall in the latest year. EBITDA rose 112% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Total Expenses | |||||
| EBITDA | ₹9.21 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.77 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.4% | ||||
| Net Profit Margin | 0.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Evorise Limited, buy the company report.
Board of directors of Evorise Limited
Evorise has 3 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Mani Appalla Also directs: Prestige Wines & Spirits Private Limited | Director | 28 Nov 2024 | 1 Years 11 Months | Current |
| Anjana Also directs: Prestige Wines & Spirits Private Limited | Director | 25 Mar 2025 | 1 Years 7 Months | Current |
| Ajay Shankar Kulshreshtha | Director | 12 Jun 2024 | 2 Years 4 Months | Current |
Shareholding
The shareholding of Evorise 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 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Evorise Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹50 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Mar 2008 | 10103958 | Yes Bank Limited | ₹50 Lakh | Satisfied |
To see the full charge records of Evorise Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Evorise 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
No delayed payments to MSME suppliers are on our record for Evorise Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Evorise Limited has a workforce of 279 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
279
Active EPFO establishments
1
Employee growth
-30.08%
GST
Evorise has 6 GST registrations: 3 active and 3 cancelled or inactive.
Total GSTINs
6
Active
3
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCN9776C1ZB | Haryana | Active | 01 Jul 2017 |
| 29AABCN9776C1Z3 | Karnataka | Active | 01 Mar 2021 |
| 36AABCN9776C1Z8 | Telangana | Active | 06 Jun 2021 |
To see the full GST registrations and return filing status of Evorise Limited, buy the company report.
Recent activity
Evorise Limited has 35 board changes on record since 2004: 19 appointments and 16 cessations. The latest: Anjana was appointed as Director on 25 Mar 2025.
AGM
Evorise Limited last Annual general meeting of members was held on 30 Aug 2025 as per latest MCA records.
Filing
Evorise Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Appointed
Anjana was appointed as Director.
Ceased
Paul Bernard Poupon ceased to be Director.
Appointed
Rajendra Mani Appalla was appointed as Director.
Ceased
Samrat Roy ceased to be Whole-Time Director.
Appointed
Ajay Shankar Kulshreshtha was appointed as Director.
Ceased
Jahan Tarun Tahiliani ceased to be Director.
Ceased
Mc Klein Javeri ceased to be Additional Director.
Appointed
Samrat Roy was appointed as Whole-Time Director.
Ceased
Sharad Sanjay Sen ceased to be Director.
Appointed
Mc Klein Javeri was appointed as Additional Director.
29 earlier events are in the company report.
News
Frequently asked questions
Evorise is an active public limited company based in Gurgaon, Haryana, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 08 September 2004 (22+ years old) and is registered under CIN U72300HR2004PLC083875.
Evorise has 3 current directors:
- Rajendra Mani Appalla - Director
- Anjana - Director
- Ajay Shankar Kulshreshtha - Director
The latest financial statements of Evorise on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Evorise is 06AABCN9776C1ZB, registered in Haryana. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 29AABCN9776C1Z3 (Karnataka), 36AABCN9776C1Z8 (Telangana).
The CIN (Corporate Identification Number) of Evorise is U72300HR2004PLC083875. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evorise was incorporated on 08 September 2004, making it 22+ years old. It is registered with the Registrar of Companies, Delhi.
Anjana was appointed as Director on 25 Mar 2025. Paul Bernard Poupon ceased to be Director on 25 Mar 2025. Rajendra Mani Appalla was appointed as Director on 28 Nov 2024. Evorise has 35 board changes on record in total.
Yes, Evorise is registered as a small enterprise under Udyam registration (number: UDYAM-HR-05-0020196).
Evorise can be reached through the website avanthabsl.com. Its registered office is in Gurgaon, Haryana, India.
The registered office of Evorise is at C – 3 C – 944 Block – C Sushant Lok, Phase – I Sector – 43, Gurgaon, Haryana, India – 122001.
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