Evolving Systems Networks India Private Limited - Company overview

Evolving Systems is an active private limited company registered with ROC Bangalore on 3 February 2004, about 22 years ago.

2004-02-03 Bangalore, Karnataka 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
₹25–50 Cr
▲ 1.1%
FY 2023
PROFIT / LOSS
₹1–5 Cr
▲ 8.0%
FY 2023
EBITDA
₹5–10 Cr
▲ 7.2%
FY 2023
NET WORTH
₹50–100 Cr
▲ 9.7%
FY 2023
TOTAL ASSETS
₹50–100 Cr
▲ 13.0%
FY 2023
EMPLOYEE COUNT
161–170
OPEN CHARGES
-
-
PAID-UP CAPITAL
37.02 Lakh
AUTHORISED CAPITAL
75.00 Lakh
COMPANY AGE
22 Years 9 Months
since 2004-02-03
LAST FILING WITH ROC
2025-03-31
Last AGM: 2025-09-30
ACTIVE GST
2
Updated: 2023-10-27 17:49:30
SATISFIED CHARGES
-
-

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

Health scores for Evolving Systems 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
87/100
Overall counterparty comfort for vendors and customers.
  • Blend of compliance (81), financial health (90), director (85) and company-foundation signals.
  • Operating for 22+ years.
Compliance Score Low risk
81/100
Statutory filings, status and regulatory flags.
  • Company status is Active as per MCA.
  • Last balance sheet filed for Mar 2025 - slightly behind.
Financial Health Score Low risk
90/100
Profitability, leverage and liquidity from filed statements.
  • Profitable in FY 2023.
  • Positive net worth.
Director Risk Score Low risk
85/100
Board strength, DIN status and churn.
  • 4 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 Evolving Systems Company identity, industry, contact, and registration details from MCA and company records.

Evolving Systems is an active private limited company registered with ROC Bangalore on 3 February 2004, about 22 years ago. Its registered office is in Bangalore, Karnataka.

Its filings describe the main line of business as computer programming, consultancy and related activities, which made up 100% of turnover.

It has four directors: Takhellambam Chandrasekhar Singh, Karl William Gilbank, Anjali Devarajan and Neha Ashwin Bhatia. The longest-serving is Karl William Gilbank, on the board since 2022; the most recent to join is Neha Ashwin Bhatia, appointed in June 2025. 18 former directors are on record; the most recent to leave was Bhavik Manoj Jagani in September 2024. The same directors also sit on the board of Headspin Technologies Private Limited.

Paid-up capital stands at ₹37.02 lakh out of ₹75 lakh authorised. The last AGM on record was on 30 September 2025, for accounts made up to 31 March 2025. No charges (secured loans) are registered against it.

Information Technology ••••••••
  • Location 3Rd Floor, Gurudas Heritage, # 59/2 100 Feet Ring Road, Banashankari 2Nd Sta, Bangalore, Karnataka - 560070
  • Website evolving.com
LinkedIn Twitter YouTube
Legal NameEvolving Systems Networks India Private Limited
CIN / LLPINU72300KA2004PTC033291
Company No.033291
ClassificationPrivate Limited Indian Non-Government Company
Incorporation Date2004-02-03
Date of AGM2025-09-30
Date of Balance Sheet2025-03-31
Listing StatusUnlisted
ROC CodeRoc Bangalore
PAN
LEI Number
Active ComplianceActive Compliant

Current Directors of Evolving Systems (4) Current board members from MCA filings, including designation and appointment details.

T
Takhellambam Chandrasekhar Singh
Director | Since 2022-12-07 | DIN: 09815519
K
Karl William Gilbank
Director | Since 2022-01-13 | DIN: 09465950
A
Anjali Devarajan
Director | Since 2022-03-24 | DIN: 09542113
N
Neha Ashwin Bhatia
Additional Director | Since 2025-06-05 | DIN: 11126302

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

Estimated bands · FY 2023
Revenue ₹25–50 Cr ▲ 1.1%
P&L ₹1–5 Cr ▲ 8.0%
EBITDA ₹5–10 Cr ▲ 7.2%
Net worth ₹50–100 Cr ▲ 9.7%

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

Activity GroupDescriptionTurnover %
Information and communicationComputer programming, consultancy and related activities100

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

Board Overlap From MCA / Compliance Filings

Headspin Technologies Private Limited 3 Shared Directors

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

9 years of ratios on record

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Net profit margin Debt / Equity Current ratio ROE

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

8 shareholder categories on record

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Ownership mix Category breakdown Year-wise pattern Promoter holding

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

1 establishment linked

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Monthly headcount PF contributions ECR filing status Establishment history

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GST Compliance of Evolving Systems 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

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Credit Ratings, Litigation & Regulatory Alerts for Evolving Systems Ratings, court records, and regulatory alerts. Full risk detail unlocks with your report.

Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.

Rating history Court and tribunal cases Regulatory alerts Director-linked violations

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MSME Payment Delays by Evolving Systems 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 Evolving Systems 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

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Frequently Asked Questions about Evolving Systems Common questions about this company from MCA and profile data. Some answers are limited until unlocked.
Who is the owner of Evolving Systems?
MCA does not publish an "owner" field. Evolving Systems is run by its directors, Takhellambam Chandrasekhar Singh, Karl William Gilbank, Anjali Devarajan and one other. 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 Evolving Systems?
Evolving Systems has four current directors: Takhellambam Chandrasekhar Singh (since December 2022), Karl William Gilbank (since January 2022), Anjali Devarajan (since March 2022) and Neha Ashwin Bhatia (since June 2025).
What is CIN of Evolving Systems?
The CIN of Evolving Systems is U72300KA2004PTC033291. Reading it left to right: U means it is not listed, 72300 is the industry code it registered under, KA is Karnataka, 2004 is the year it was registered, PTC is the company type and 033291 is its registration number.
When was Evolving Systems incorporated?
Evolving Systems was incorporated on 3 February 2004 with ROC Bangalore. That makes it about 22 years old.
What is the registered address of Evolving Systems?
The registered office on MCA records is 3Rd Floor, Gurudas Heritage, # 59/2 100 Feet Ring Road, Banashankari 2Nd Sta, Bangalore, Karnataka - 560070.
What is the current status of Evolving Systems?
MCA shows Evolving Systems as Active, and its last AGM on record was in September 2025.
What is the contact number or email for Evolving Systems?
You can post to its registered office at 3Rd Floor, Gurudas Heritage, # 59/2 100 Feet Ring Road, Banashankari 2Nd Sta, Bangalore, Karnataka - 560070 and use its website, https://evolving.com.
What industry or business activity is Evolving Systems associated with?
Its MCA filings list the main business as computer programming, consultancy and related activities (100% of turnover).
What is paid-up capital and authorised share capital of Evolving Systems?
Paid-up capital is ₹37.02 lakh and authorised capital is ₹75 lakh, so about 49% of the authorised amount has been issued.
When did Evolving Systems last file accounts and hold an AGM?
The last AGM on record was on 30 September 2025, and the latest balance sheet is for the year ending 31 March 2025.
Where can I see charges and lenders for Evolving Systems?
MCA shows no charges registered against Evolving Systems, so no assets are pledged for a registered secured loan.
Have any directors left Evolving Systems?
Yes, 18 former directors are on record. The most recent to leave were Bhavik Manoj Jagani (September 2024), Shifali Meadh (September 2022) and Anuj Trivedi (September 2022).
Which companies share directors with Evolving Systems?
Headspin Technologies Private Limited shares at least one director with Evolving Systems.
What is the turnover or revenue of Evolving Systems?
Based on filed financial statements, the revenue of Evolving Systems for FY 2023 was in the ₹25–50 Cr range. That is up 1.1% on the previous year. Exact year-wise revenue, profit and balance sheet figures are on the Financial tab.
What is the net worth of Evolving Systems?
For FY 2023, the net worth of Evolving Systems was in the ₹50–100 Cr range.
How can I get the financial details of Evolving Systems?
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 Evolving Systems?
The website on record for Evolving Systems is https://evolving.com.
Which company owns evolving.com?
evolving.com is the website listed for Evolving Systems Networks India Private Limited in its company records.
Evolving Systems - is it listed or unlisted?
Evolving Systems 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 Evolving Systems?
Evolving Systems is registered with ROC Bangalore.
What is the company classification of Evolving Systems?
MCA classifies Evolving Systems as: Private Limited Indian Non-Government Company.
Does Evolving Systems have GST registrations on file?
Yes, 2 active GST registrations are linked to Evolving Systems, 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.