MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0046033
Markevolve Private Limited - information technology in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹13.58 Lakh
▼ 81% YoY
Net loss · FY 2025
₹18.12 Lakh
Net margin -133.4%
EBITDA · FY 2025
-₹7.24 Lakh
EBITDA margin -53.3%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹30.84 Lakh
Secured borrowings
Company age
8 yrs
Est. 2018
Employees · EPFO
13
Provident fund records
About Markevolve Private Limited
Data last updated:
Markevolve Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 09 August 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2018PTC103595. Its GSTIN is 24AAMCM0079N1Z2 (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Mohamadiqbal Bhauddin Bhai Gaha and Anand Harishbhai Jadav.
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 Block – B – 303 Mondeal Heights Nr Wide Angle S G Highway, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.58 Lakh, a decline of 81% compared to the previous year. For the same year it recorded a net loss of ₹18.12 Lakh (net margin -133.4%) and EBITDA of -₹7.24 Lakh (EBITDA margin -53.3%). Revenue has declined at a compounded annual rate (CAGR) of 68% over three years and 45% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹30.84 Lakh on record.
Markevolve Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0046033). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website markevolve.com.
Company details
CIN U74999GJ2018PTC103595
Registration Number 103595
Incorporation Date 09 August 2018
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0046033
Key People
Mohamadiqbal Bhauddin Bhai Gaha Director Anand Harishbhai Jadav Director Jay Sunilbhai Gohel Director Recognitions & Rankings of Markevolve
Contact details
Markevolve Private Limited's registered office is in Ahmedabad, Gujarat. Its website is markevolve.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBlock – B – 303 Mondeal Heights Nr Wide Angle S G Highway, Ahmedabad, Gujarat, India – 380015
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Markevolve Private Limited, buy the company report.
Comprehensive company report
Markevolve Private 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 Markevolve is professional, scientific and technical. In detail, this covers advertising and market research.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M6 | Advertising and market research |
To see the full business activity and turnover split of Markevolve Private Limited, buy the company report.
Financials of Markevolve Private Limited
FY 2025 filings availableMarkevolve Private Limited reported revenue of ₹13.58 Lakh (down 81% YoY) for FY 2025.
Revenue · FY 2025
₹13.58 Lakh ▼ 81%
Net loss · FY 2025
₹18.12 Lakh margin -133.4%
EBITDA · FY 2025
-₹7.24 Lakh margin -53.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 81%
3 years · compounded
▼ 68%
5 years · compounded
▼ 45%
EBITDA CAGR growth
1 year
▼ 169%
3 years · compounded
▼ 28%
5 years · compounded
▲ 10%
Revenue has declined at a compounded annual rate (CAGR) of 45% over five years, including a 81% fall in the latest year. EBITDA fell 169% 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 |
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| Total Expenses | |||||
| EBITDA | -₹7.24 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹18.12 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 | -53.3% | ||||
| Net Profit Margin | -133.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Markevolve Private Limited, buy the company report.
Board of directors of Markevolve Private Limited
Markevolve has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohamadiqbal Bhauddin Bhai Gaha | Director | 09 Sep 2022 | 4 Years 1 Months | Current |
| Anand Harishbhai Jadav | Director | 09 Aug 2018 | 8 Years 2 Months | Current |
| Jay Sunilbhai Gohel Also directs: Monkey Culture Private Limited | Director | 09 Aug 2018 | 8 Years 2 Months | Current |
Peer comparison
Markevolve Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (advertising and market research), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Crazzle Plus Infomedia Private Limited | ₹13.62 Lakh (FY 2020) | -73.0% | Jaipur, Rajasthan, India | |||
| Optimistic Concepts Entertainment Private Limited | ₹13.62 Lakh (FY 2024) | 50.0% | Mumbai, Maharashtra, India | |||
| Threesixty Creative Networks Private Limited | ₹13.61 Lakh (FY 2025) | -58.0% | Bangalore, Karnataka, India | |||
| Altius Wellness Solutions Private Limited | ₹13.59 Lakh (FY 2021) | Kolkata, West Bengal, India | ||||
| Markevolve Private Limitedthis company | ₹13.58 Lakh (FY 2025) | -₹18.12 Lakh | -133.4% | -81.0% | 13 | Ahmedabad, Gujarat, India |
| Greentower Advertising Private Limited | ₹13.57 Lakh (FY 2024) | 14.0% | Lucknow, Uttar Pradesh, India | |||
| NM Market Nest Private Limited | ₹13.57 Lakh (FY 2024) | -48.0% | New Delhi, Delhi, India | |||
| Ultronone Infotech Private Limited | ₹13.57 Lakh (FY 2019) | New Delhi, Delhi, India | ||||
| Vmobads Technologies Private Limited | ₹13.54 Lakh (FY 2019) | -38.0% | Bangalore, Karnataka, India | |||
| Callidus Marketing and Media Private Limited | ₹13.52 Lakh (FY 2025) | 17.0% | Pune, Maharashtra, India |
To see the full peer comparison of Markevolve Private Limited, buy the company report.
Auditor
Markevolve Private Limited is audited by SONAL SANJAY & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SONAL SANJAY & ASSOCIATES | FY 2022 | 119740W |
Shareholding
The shareholding of Markevolve Private Limited is on record for 4 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Markevolve Private Limited, buy the company report.
Charges & borrowings
Open charges
₹30.84 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Sep 2023 | 100844071 | Hdfc Bank Limited | ₹14.84 Lakh | Open | |
| 20 Sep 2022 | 100652765 | Hdfc Bank Limited | ₹16 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Markevolve 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
No delayed payments to MSME suppliers are on our record for Markevolve Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Markevolve Private Limited has a workforce of 13 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
13
Active EPFO establishments
1
Employee growth
-48%
GST
Markevolve has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAMCM0079N1Z2 | Gujarat | Active | 28 Feb 2019 |
To see the full GST registrations and return filing status of Markevolve Private Limited, buy the company report.
Recent activity
Markevolve Private Limited has 4 board changes on record since 2018: 3 appointments and 1 cessation. The latest: Mohamadiqbal Bhauddin Bhai Gaha ceased to be Additional Director on 29 Sep 2023.
AGM
Markevolve Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Markevolve Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Mohamadiqbal Bhauddin Bhai Gaha ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 14.84 Lakh with Charge ID 100844071 was registered on 14 Sep 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 16.00 Lakh with Charge ID 100652765 was registered on 20 Sep 2022.
Appointed
Mohamadiqbal Bhauddin Bhai Gaha was appointed as Director.
Appointed
Anand Harishbhai Jadav was appointed as Director.
Appointed
Jay Sunilbhai Gohel was appointed as Director.
Incorporation
09 Aug 2018
Markevolve Private Limited was registered on 09 Aug 2018 with Roc Ahmedabad & aged 8 years 3 months as per MCA records.
Frequently asked questions
Markevolve is an active private limited company based in Ahmedabad, Gujarat, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 09 August 2018 (8+ years old) and is registered under CIN U74999GJ2018PTC103595.
Markevolve has 3 current directors:
- Mohamadiqbal Bhauddin Bhai Gaha - Director
- Anand Harishbhai Jadav - Director
- Jay Sunilbhai Gohel - Director
The latest financial statements of Markevolve on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Markevolve is 24AAMCM0079N1Z2, registered in Gujarat.
The CIN (Corporate Identification Number) of Markevolve is U74999GJ2018PTC103595. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Markevolve was incorporated on 09 August 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Markevolve by revenue are Crazzle Plus Infomedia Private Limited, Optimistic Concepts Entertainment Private Limited, Threesixty Creative Networks Private Limited, Altius Wellness Solutions Private Limited, Greentower Advertising Private Limited and 4 more, all in the same principal business activity (advertising and market research).
Mohamadiqbal Bhauddin Bhai Gaha ceased to be Additional Director on 29 Sep 2023. Mohamadiqbal Bhauddin Bhai Gaha was appointed as Director on 09 Sep 2022. Anand Harishbhai Jadav was appointed as Director on 09 Aug 2018. Markevolve has 4 board changes on record in total.
Yes, Markevolve is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0046033).
Markevolve can be reached through the website markevolve.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Markevolve is at Block – B – 303 Mondeal Heights Nr Wide Angle S G Highway, Ahmedabad, Gujarat, India – 380015.
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