Evolute Cleantech Solutions Private Limited - Company overview

Evolute is an active private limited company registered with ROC Mumbai on 11 December 2000, more than 25 years ago.

2000-12-11 Kandivali East, Maharashtra Active Unlisted Active Compliant
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Key Metrics Public MCA facts are exact. Revenue, profit, assets, and employee figures may show as ranges until unlocked.

REVENUE
₹50–100 Cr
▼ -31.4%
FY 2023
PROFIT / LOSS
₹1–5 Cr
▼ -9.1%
FY 2023
EBITDA
₹5–10 Cr
▲ 2.3%
FY 2023
NET WORTH
₹10–25 Cr
▲ 26.1%
FY 2023
TOTAL ASSETS
₹25–50 Cr
▼ -10.7%
FY 2023
EMPLOYEE COUNT
161–170
OPEN CHARGES
1
-
PAID-UP CAPITAL
1.52 cr
AUTHORISED CAPITAL
1.55 cr
COMPANY AGE
25 Years 10 Months
since 2000-12-11
LAST FILING WITH ROC
2024-03-31
Last AGM: 2024-09-30
ACTIVE GST
10
Updated: 2026-02-21 20:43:09
SATISFIED CHARGES
3
27.00 cr

Company Health Scores Scores from 0–100 based on filings, compliance signals, financials, and board history on this profile.

Health scores for Evolute covering vendor trust, statutory compliance, financial health and director risk - derived from MCA filings, GST and EPFO records, financial statements and the company's board history.

Vendor Trust Score Low risk
84/100
Overall counterparty comfort for vendors and customers.
  • Blend of compliance (75), financial health (80), director (95) and company-foundation signals.
  • Operating for 25+ years.
Compliance Score Low risk
75/100
Statutory filings, status and regulatory flags.
  • Company status is Active as per MCA.
  • Last balance sheet filed for Mar 2024 - filings look overdue.
Financial Health Score Low risk
80/100
Profitability, leverage and liquidity from filed statements.
  • Profitable in FY 2023.
  • Positive net worth.
Director Risk Score Low risk
95/100
Board strength, DIN status and churn.
  • 2 directors on the board.
  • No disqualified or deactivated DINs on the current board.
Scores are derived from MCA filings, financial statements and public records on this page. Higher is safer. They are indicative, not a credit rating.
360° Intelligence Report: trust score, financial health, credit risk, growth & distress signals - auto-generated from filings. View report →

About Evolute Company identity, industry, contact, and registration details from MCA and company records.

Evolute is an active private limited company registered with ROC Mumbai on 11 December 2000, more than 25 years ago. Its registered office is at Office No 801, 8Th Floor, Grande Edifice, Kandivali East, Maharashtra. Earlier names on record include Relaytronics (India) Private Limited and Evolute Solutions Private Limited.

Its filings describe the main line of business as computer, electronic, Communication and scientific measuring & control equipment, which made up 100% of turnover.

It has two directors: Parag Kirit Mehta and Paras Kirit Mehta. The longest-serving is Parag Kirit Mehta, on the board since 2000; the most recent to join is Paras Kirit Mehta, appointed in November 2016. Five former directors are on record; the most recent to leave was Rohini Paras Mehta in April 2017. Between them, the directors also sit on the boards of 14 other companies, including Evolute Fintech Innovations Private Limited and Evolute Synergies LLP.

Paid-up capital stands at ₹1.52 crore out of ₹1.55 crore authorised. The last AGM on record was on 30 September 2024, for accounts made up to 31 March 2024. Nothing newer than 2024 shows up here, so it is worth checking the MCA portal for later filings. One charge (secured loan) is still open, with Hdfc Bank Limited among the lenders, and three more have been paid off.

Information Technology ••••••••
  • Location Office No 801, 8Th Floor, Grande Edifice,, Kandivali East, Maharashtra - 400101
  • Website evolute.in
LinkedIn Facebook Twitter YouTube Instagram
Name History
Legal NameEvolute Cleantech Solutions Private Limited
CIN / LLPINU31909MH2000PTC129973
Company No.129973
ClassificationPrivate Limited Indian Non-Government Company
Incorporation Date2000-12-11
Date of AGM2024-09-30
Date of Balance Sheet2024-03-31
Listing StatusUnlisted
ROC CodeRoc Mumbai
PAN
LEI Number
Active ComplianceActive Compliant

Current Directors of Evolute (2) Current board members from MCA filings, including designation and appointment details.

P
Parag Kirit Mehta
Director | Since 2000-12-11 | DIN: 00090383
P
Paras Kirit Mehta
Director | Since 2016-11-01 | DIN: 00090494

Financial Performance of Evolute Bands and Low / Medium / High trend shape. Exact figures unlock with your report.

Estimated bands · FY 2023
Revenue ₹50–100 Cr ▼ -31.4%
P&L ₹1–5 Cr ▼ -9.1%
EBITDA ₹5–10 Cr ▲ 2.3%
Net worth ₹10–25 Cr ▲ 26.1%

Exact figures and labelled charts require an active report plan.

Verified entity values are shown only after access is granted.

Charges of Evolute Open and satisfied charges registered against the company with MCA.

Bank Of India : 22.00 cr
Hdfc Bank Limited : 12.00 cr
Sidbi : 5.00 cr
Open Charges: 1 Satisfied Charges: 3
Open -
Satisfied 27.00 cr
LenderAmountStatus
Sidbi
Creation Date: 07 Sep 2022
 5.00 cr Closed
Hdfc Bank Limited
Creation Date: 03 Jun 2017
 12.00 cr Open
Bank Of India
Creation Date: 05 Jan 2010
 10.00 cr Closed

Business Activity Principal business activity and turnover mix from MCA filings.

Activity GroupDescriptionTurnover %
ManufacturingComputer, electronic, Communication and scientific measuring & control equipment100

Companies With Common Directors Of Evolute Other companies that share directors with this entity, based on MCA and compliance network data.

Board Overlap From MCA / Compliance Filings

Evolute Fintech Innovations Private Limited 2 Shared Directors
Evolute Synergies Llp 2 Shared Directors
Evolute Synergies Private Limited 2 Shared Directors
Evolute Ventures Private Limited 2 Shared Directors
Glomore Electro-Tech Solutions Llp 2 Shared Directors
Psj Infrastructures Private Limited 2 Shared Directors
Spiritus Payments Private Limited 2 Shared Directors
Benchmark Infraprojects Llp 1 Shared Director
Cycloid Networks Private Limited 1 Shared Director
Glomore Realtors Llp 1 Shared Director
Pprime Amusement & Entertainment Private Limited 1 Shared Director
Yan Catalyst Ventures Llp 1 Shared Director
Yan Tech Ventures Llp 1 Shared Director
Yatra Angels Scale Up Ventures Llp 1 Shared Director

Financial Ratios of Evolute Profitability, leverage, and liquidity ratios from filed statements. Exact values unlock with your report.

9 years of ratios on record

Profitability, leverage and liquidity ratios require an active report plan.

Net profit margin Debt / Equity Current ratio ROE

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Shareholding Pattern of Evolute Ownership and contribution detail from filings. Full breakdown unlocks with your report.

8 shareholder categories on record

Ownership mix and contribution history require an active report plan.

Ownership mix Category breakdown Year-wise pattern Promoter holding

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Employees and EPFO Compliance at Evolute EPFO establishments, contributions, and headcount history. Full records unlock with your report.

1 establishment linked

Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.

Monthly headcount PF contributions ECR filing status Establishment history

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GST Compliance of Evolute GST registrations and filing status by state. Full compliance detail unlocks with your report.

State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.

GSTIN registrations State-wise filing status HSN and SAC details Tax jurisdiction records

GST registrations and filing compliance require an active report plan.

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MSME Payment Delays by Evolute MSME supplier payment delays and filing history. Full amounts unlock with your report.

Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.

Outstanding amounts Delay periods and reasons MSME-1 filing history Vendor payment signals

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MCA Filings & Documents of Evolute Official MCA forms, returns, and filing index. Document access unlocks with your report.

Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.

Incorporation documents Annual returns and statements Charge filings Complete filing index

MCA filings and documents require an active report plan.

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Frequently Asked Questions about Evolute Common questions about this company from MCA and profile data. Some answers are limited until unlocked.
Who is the owner of Evolute?
MCA does not publish an "owner" field. Evolute is run by its directors, Parag Kirit Mehta and Paras Kirit Mehta. The people who own the shares are listed in its annual return (form MGT-7), which can differ from the directors.
Who are the current board members and directors of Evolute?
Evolute has two current directors: Parag Kirit Mehta (since December 2000) and Paras Kirit Mehta (since November 2016).
What is CIN of Evolute?
The CIN of Evolute is U31909MH2000PTC129973. Reading it left to right: U means it is not listed, 31909 is the industry code it registered under, MH is Maharashtra, 2000 is the year it was registered, PTC is the company type and 129973 is its registration number.
When was Evolute incorporated?
Evolute was incorporated on 11 December 2000 with ROC Mumbai. That makes it more than 25 years old.
What is the registered address of Evolute?
The registered office on MCA records is Office No 801, 8Th Floor, Grande Edifice, Kandivali East, Maharashtra - 400101.
What is the current status of Evolute?
MCA shows Evolute as Active, and its last AGM on record was in September 2024.
What is the contact number or email for Evolute?
You can post to its registered office at Office No 801, 8Th Floor, Grande Edifice, Kandivali East, Maharashtra - 400101 and use its website, https://evolute.in.
What industry or business activity is Evolute associated with?
Its MCA filings list the main business as computer, electronic, Communication and scientific measuring & control equipment (100% of turnover).
What is paid-up capital and authorised share capital of Evolute?
Paid-up capital is ₹1.52 crore and authorised capital is ₹1.55 crore, so about 98% of the authorised amount has been issued.
When did Evolute last file accounts and hold an AGM?
The last AGM on record was on 30 September 2024, and the latest balance sheet is for the year ending 31 March 2024. Nothing newer than 2024 shows up, so check the MCA portal for later filings.
Where can I see charges and lenders for Evolute?
One charge against Evolute is still open and three have been satisfied. Lenders named in the filings include Sidbi, Hdfc Bank Limited and Bank Of India.
Have any directors left Evolute?
Yes, five former directors are on record. The most recent to leave were Rohini Paras Mehta (April 2017), Gururaj Narayanamurthy Ayekawadi (January 2016) and Jigar Arvindkumar Shah (March 2014).
Which companies share directors with Evolute?
14 companies share directors with Evolute. Among them are Evolute Fintech Innovations Private Limited, Evolute Synergies LLP, Evolute Synergies Private Limited and 11 more.
What is the turnover or revenue of Evolute?
Based on filed financial statements, the revenue of Evolute for FY 2023 was in the ₹50–100 Cr range. That is down 31.4% on the previous year. Exact year-wise revenue, profit and balance sheet figures are on the Financial tab.
What is the net worth of Evolute?
For FY 2023, the net worth of Evolute was in the ₹10–25 Cr range.
How can I get the financial details of Evolute?
The latest accounts on record are for FY 2023. The Financial tab has year-wise profit and loss, balance sheet and ratios, with exact figures after you sign in.
What is the official website of Evolute?
The website on record for Evolute is https://evolute.in.
Which company owns evolute.in?
evolute.in is the website listed for Evolute Cleantech Solutions Private Limited in its company records.
Evolute - is it listed or unlisted?
Evolute is unlisted, so its shares are not traded on a stock exchange. Its CIN starts with U for the same reason.
What is the ROC code of Evolute?
Evolute is registered with ROC Mumbai.
What is the company classification of Evolute?
MCA classifies Evolute as: Private Limited Indian Non-Government Company.
Does Evolute have GST registrations on file?
Yes, 10 active GST registrations are linked to Evolute, usually one per state it operates in.

Disclaimer: Data on this page is compiled from public sources as available in our system at the time of the last update and is for general information only. Scores are derived indicators, not credit ratings or advice - please verify from official sources and consult a professional before making any business or financial decision.