Company Intelligence Profile
Evify Logitech Private Limited
Evify Logitech Pvt Ltd operates the "Evify" brand — described on its own website (evify.co.in) as running "India's first carbon negative EV Fleet" for B2B last-mile/local deliveries using electric vehicles.
Last updated 6 September 2026
Evify Logitech Private Limited operates the "Evify" brand, which is India's first carbon-negative EV fleet for B2B last-mile deliveries. The company saw substantial growth with a net worth increase of 947.67% year over year and total revenue growth of 334.5% for FY2023-24, highlighted by a reported revenue of approximately ₹8 Crore in FY2025. Operating mainly in Gujarat, it includes a logistics arm focused on electric vehicle acquisition and maintenance.
Compiled from MCA filings and other public records. Figures may lag the latest filing; verify against the detailed sections below.
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Company Identity
| Registered name | Evify Logitech Private Limited |
|---|---|
| CIN | U63030GJ2021PTC123993 |
| PAN | AAGCE5487J |
| Status | Active |
| Listing | Not listed — private limited company, no stock exchange listing found |
| Incorporated | 09 July 2021 |
| ROC | RoC Gujarat / Ahmedabad |
| Sector (NIC) | Transport/logistics services — Tofler: "Supporting and auxiliary transport activities; activities of travel agencies" (NIC 63030 class, matches CIN prefix U63030) |
| Registered address | Office No. 809 & 810, 8th Floor, Titanium Business Hub, Opp. Akash Empire, Bhimrad Road, Surat, Gujarat, India – 395017 |
| Authorized capital | Conflicting figures across sources: Tofler states ₹1.1 Cr (₹1.09 crore) |
| Paid-up capital | ₹79.3 Lakh / ₹79.35 lakh |
Business Overview
- Evify Logitech Pvt Ltd operates the "Evify" brand — described on its own website (evify.co.in) as running "India's first carbon negative EV Fleet" for B2B last-mile/local deliveries using electric vehicles
- It also runs a logistics arm called "EVEETO" focused on EV acquisition, maintenance, and fleet delegation to client businesses
- Per TheCompanyCheck, the company is DPIIT-recognised as a startup
- Operating branches noted in Surat, Vadodara, and Ahmedabad (Gujarat)
- Source: official site evify.co.in
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Devrishi Nareshkumar Arora | 09233986 | Director | - |
| Pragya Vineet Mittal | 09315775 | Director | - |
| Saurabh Rajan Nair | - | Nominee Director | - |
Financials
- Revenue reported only as a range "INR 1 Cr – 100 Cr"
- Net Worth growth 947.67% YoY
- Total Revenue growth 334.5% YoY
- Borrowings growth 136.15% YoY
- Assets growth 312.46% YoY
- Operating Margin 127.14%, Net Profit Margin 118.54%, ROE 403.66%, ROCE 230.93%, Debt-to-Equity -1.54 (these ratio figures appear unusually extreme for a logistics company and should be treated with caution — likely reflect a very small base/early-stage financials rather than being independently re-verified)
- Separately, TheCompanyCheck states "As of FY2025, ~₹8 Crore revenue with approximately 40 employees" — this FY2025 figure is NOT the same period as Tofler's FY2023-24 figures and the two are not directly comparable; no single source gives one clean audited P&L. Standalone vs consolidated basis not specified by either source
- Net worth and PAT absolute values: not obtained (paywalled)
In the News
BikeWo Green Tech, Evify Logitech Partner to Develop AI-Driven Electric Logistics Platform
Energetica India Magazine · a month ago
Headlines about Evify Logitech Private Limited reported by third-party publications. Recur Club does not author or endorse this coverage. Last checked 9/6/2026.
Source: Google News aggregated headlines
Charges & Loans
- One charge/loan facility with WHEELSEMI PRIVATE LIMITED for ₹0.5 Cr (₹50 lakh), created 27 January 2023
- Note: Wheelsemi is a known EV-leasing company (operates the "Zypp Electric" brand) — this is a lender/vendor relationship, not evidence Evify is a Wheelsemi group entity; flagged to avoid entity-confusion
Legal (Indian Kanoon)
- "Evify Logitech Private Limited vs Mestis Energy Private Limited" — Civil Misc
- Petition No. 717 of 2025, Karnataka High Court, dated 27 April 2026
- Evify is the petitioner, represented by director Devrishi Arora; respondent is Mestis Energy Private Limited
- Nature/outcome of the dispute not detailed in the search snippet (document ID 164065791) — would need the full judgment text for details
Competitors
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