Evolute Fintech Innovations Profile
Key Indicators
- Authorised Capital ₹ 7.50 Cr
as on 23-10-2024
- Paid Up Capital ₹ 2.37 Cr
as on 23-10-2024
- Company Age 15 Year, 6 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 5.00 Cr
as on 23-10-2024
- Revenue -19.75%
(FY 2023)
- Profit -22.90%
(FY 2023)
- Ebitda -52.75%
(FY 2023)
- Net Worth 9.50%
(FY 2023)
- Total Assets 7.16%
(FY 2023)
About Evolute Fintech Innovations
The Corporate was formerly known as Evolute Systems Private Limited. The Company is engaged in the Information Technology Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 7.50 Cr and a paid-up capital of Rs 2.37 Cr.
The company has closed loans amounting to ₹5.00 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Parag Mehta and Paras Mehta serve as directors at the Company.
- CIN/LLPIN
U30006MH2009PTC192706
- Company No.
192706
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
26 May 2009
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
- Email Address
- Website
- Social Media
Who are the key members and board of directors at Evolute Fintech Innovations?
Board Members(2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Parag Mehta  | Director | 26-May-2009 | Current |
| Paras Mehta | Director | 19-Dec-2012 | Current |
Financial Performance and Corporate Structure Insights of Evolute Fintech Innovations.
Evolute Fintech Innovations Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 19.75% decrease. The company also saw a substantial fall in profitability, with a 22.9% decrease in profit. The company's net worth moved up by a moderate rise of 9.5%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metric |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Evolute Fintech Innovations?
In 2023, Evolute Fintech Innovations had a promoter holding of 95.59% and a public holding of 4.41%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Spiritus Payments Private LimitedActive 10 years 11 monthsParag Mehta and Paras Mehta are mutual person
Evolute Cleantech Solutions Private LimitedActive 24 years 8 daysParag Mehta and Paras Mehta are mutual person
- Psj Infrastructures Private LimitedActive 19 years 5 months
Parag Mehta and Paras Mehta are mutual person
- Evolute Ventures Private LimitedActive 19 years 6 months
Parag Mehta and Paras Mehta are mutual person
Glomore Electro-Tech Solutions LlpActive 14 years 28 daysParag Mehta and Paras Mehta are mutual person
- Glomore Constructions Private LimitedActive 14 years 2 months
Parag Mehta and Paras Mehta are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Bank Of India Creation Date: 29 Aug 2011 | ₹5.00 Cr | Satisfied |
How Many Employees Work at Evolute Fintech Innovations?
Evolute Fintech Innovations has a workforce of 88 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Evolute Fintech Innovations, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Evolute Fintech Innovations's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
