Evolve Accounting Systems Private Limited - Due diligence report

A 360° intelligence report on Evolve Accounting Systems Private Limited: trust score, financial health, credit view, compliance, directors, …

2010-01-15 Mumbai, Maharashtra Active Unlisted Active Compliant
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EA Evolve Accounting Systems Private Limited
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Evolve Accounting Systems Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
84/100
Trust Score
Low Risk

Evolve Accounting Systems Private Limited is assessed as Low Risk with a Trust Score of 84/100. Evolve Accounting Systems Private Limited is an active private limited indian non-government company incorporated in 2010, operating in the Business Outsourcing sector. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and moderate financial risk profile.

Report generated on 19 Jul 2026 from the latest processed filings. Evolve Accounting Systems Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
84/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
88/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
90/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 90/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 88/100 Low Risk
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
LAXMI AMIT MANJREKAR 01234567 Director 01/04/2018 6 yrs Approved
AJAY ANIL DHRUVA 01234567 Director 01/04/2018 6 yrs Approved
KAMAL MOHAN KHATRI 01234567 Director 01/04/2018 6 yrs Approved
SANKET JAYA SHETTY 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2021)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
0 allotment(s) · 3 transfer(s)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 50 · Distress 75
Growth signals & trust indicators
Operating for 16+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence83/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment84/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance record supports lending.
Investor view66/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 12 events
30 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
31 Mar 2020
Share transfer (FY 2020)
3000.00000000 shares to Grenville Fernandez
Share transfer (FY 2020)
2000.00000000 shares to Grenville Fernandez
Share transfer (FY 2020)
5000.00000000 shares to Ajay Dhruva
15 May 2019
Director appointed
AJAY ANIL DHRUVA (Director)
Director appointed
SANKET JAYA SHETTY (Director)
28 Oct 2016
Director appointed
LAXMI AMIT MANJREKAR (Director)
Director ceased
MAGANLAL LALJIBHAI GAJERA
20 Aug 2014
Director ceased
AMOL MAGANLAL GAJERA
20 Aug 2013
Director appointed
KAMAL MOHAN KHATRI (Director)
15 Jan 2010
Incorporated
Registered with Roc Mumbai
10

Key Observations

Auto-generated from the data above
Revenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
4 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Tandem Consulting Private Limited U74140TN2003PTC050524 Chennai, Tamil Nadu, India
Spice Tradelink Private Limited U51101WB2010PTC147823 Kolkata, West Bengal, India
Inventiv Global Corporate Advisory Private Limited U74140DL2004PTC126571 New Delhi, Delhi, India
Indiaetax Com Private Limited U74999MH2015PTC270134 Mumbai, Maharashtra, India
Mindware Outsourcing Private Limited U72900MH2004PTC146491 Mumbai, Maharashtra, India
Vnv Business Solutions Private Limited U72900KA2011PTC057400 Bangalore, Karnataka, India
Radgo Consulting Private Limited U93090MH2008PTC179587 Borivali, Maharashtra, India
Databuddy Services Private Limited U74994RJ2019PTC066363 Jaipur, Rajasthan, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Evolve Accounting Systems Private Limited before audits and certifications: compliance score 88/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Evolve Accounting Systems Private Limited: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Favourable lending indicators. Credit risk score 90/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 50/100, margin trends, ownership structure and peer set for Evolve Accounting Systems Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 84/100, distress signals and MSME payment-delay disclosures - know whether Evolve Accounting Systems Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Evolve Accounting Systems Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Evolve Accounting Systems Private Limited an active company?

Evolve Accounting Systems Private Limited has MCA status “Active” with a compliance score of 88/100 (Low Risk).

Is Evolve Accounting Systems Private Limited financially healthy?

Evolve Accounting Systems Private Limited has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.

Should I do business with Evolve Accounting Systems Private Limited?

Its overall Trust Score is 84/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Evolve Accounting Systems Private Limited?

See the directors and ownership sections above for board and shareholding detail. 4 active director(s) are on record.

Does Evolve Accounting Systems Private Limited have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Evolve Accounting Systems Private Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 88/100 (Low Risk).

Is it risky to lend to Evolve Accounting Systems Private Limited?

Its Credit Risk Score is 90/100 (Low Risk). Banker verdict: Favourable lending indicators.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.