About Convate Consultancy Services Private Limited
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Convate Consultancy Services Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 29 May 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74140KA2008PTC046606. Its GSTIN is 29AADCC3949G1ZH (Karnataka).
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹7.5 Lakh. It is led by directors Nitin Nagaich and Renu Nagaich.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No. 146 3rd Floor Gopal Towers Ramaiah Street Kodihalli Old Airport Road, Bengaluru, Karnataka, India – 560008.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.01 Cr, a decline of 54% compared to the previous year. For the same year it recorded a net loss of ₹72.58 Lakh (net margin -36%) and EBITDA of -₹57.75 Lakh (EBITDA margin -28.7%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 9% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Convate.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website convate.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo. 146 3rd Floor Gopal Towers Ramaiah Street Kodihalli Old Airport Road, Bengaluru, Karnataka, India – 560008
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Convate Consultancy Services Private Limited
The main business activity of Convate Consultancy Services is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Convate Consultancy Services Private Limited FY 2025 filings available
Convate Consultancy Services Private Limited reported revenue of ₹2.01 Cr (down 54% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Convate Consultancy Services Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 54% fall in the latest year. EBITDA fell 236% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Convate Consultancy Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹57.75 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹72.58 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Convate Consultancy Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -28.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -36% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Convate Consultancy Services are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Convate Consultancy Services Private Limited
Convate Consultancy Services Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (HR Outsourcing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Lsa Recruit Private Limited | ₹2.02 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Nagole, Telangana, India |
| Workforce Employment Solutions (India) Private Limited | ₹2.02 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Ahmedabad, Gujarat, India |
| Devam Pacific Private Limited | ₹2.02 Cr (FY 2025) | •••• | •••• | 930.0% | •••• | Ahmedabad, Gujarat, India |
| M N Marine Project Services Private Limited | ₹2.01 Cr (FY 2024) | •••• | •••• | 32.0% | •••• | Alappuzha, Kerala, India |
| Solar Human Resources Management Private Limited | ₹2.01 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Chennai, Tamil Nadu, India |
| Convate Consultancy Services Private Limited this company | ₹2.01 Cr (FY 2024) | •••• | •••• | -54.0% | •••• | Bengaluru, Karnataka, India |
| Fasttrack HR Services Private Limited | ₹2.01 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Ahmedabad, Gujarat, India |
| Iconsoft India Private Limited | ₹2.01 Cr (FY 2024) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Asm Corporate Services Private Limited | ₹2.01 Cr (FY 2025) | •••• | •••• | 291.0% | •••• | Kolkata, West Bengal, India |
| Nobility Total Solutions Private Limited | ₹2.01 Cr (FY 2025) | •••• | •••• | 173.0% | •••• | Noida, Uttar Pradesh, India |
| Margdarshak Consultants Private Limited | ₹2.01 Cr (FY 2023) | •••• | •••• | 61.0% | •••• | Thane, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Convate Consultancy Services by revenue in the Outsourcing industry (HR Outsourcing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Convate Consultancy Services Private Limited
Convate Consultancy Services Private Limited is audited by VINAY & KESHAVA LLP for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VINAY & KESHAVA LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Convate Consultancy Services Private Limited
Convate Consultancy Services has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Nagaich Also directs: Kriseva AI Private Limited | Director | 29 May 2008 | 18 Years 4 Months | Current |
| Renu Nagaich | Director | 29 May 2008 | 18 Years 4 Months | Current |
Ownership and Shareholding of Convate Consultancy Services Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Convate Consultancy Services Private Limited
Convate Consultancy Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Convate Consultancy Services Private Limited
Convate Consultancy Services operates one associated brand: Convate. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| International recruitment consultancy for healthcare, IT, manufacturing, and aviation professionals. | convate.com |
Employees and EPFO Compliance at Convate Consultancy Services Private Limited
Convate Consultancy Services Private Limited has a workforce of 9 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Convate Consultancy Services Private Limited
Convate Consultancy Services Private Limited has 2 board changes on record since 2008: 2 appointments. The latest: Nitin Nagaich was appointed as Director on 29 May 2008.
Credit Ratings, Litigation & Regulatory Alerts for Convate Consultancy Services Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Convate Consultancy Services Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Convate Consultancy Services Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Convate Consultancy Services Private Limited
Convate Consultancy Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCC3949G1ZH | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Convate Consultancy Services Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Convate Consultancy Services Private Limited
Convate Consultancy Services is an active private limited company based in Bengaluru, Karnataka, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 29 May 2008 (18+ years old) and is registered under CIN U74140KA2008PTC046606.
Convate Consultancy Services reported revenue of ₹2.01 Cr for FY 2024 (down 54% YoY).
Convate Consultancy Services has 2 current directors:
- Nitin Nagaich - Director
- Renu Nagaich - Director
Convate Consultancy Services reported a net loss of ₹72.58 Lakh (net margin -36%) and EBITDA of -₹57.75 Lakh (EBITDA margin -28.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Convate Consultancy Services is -13% over three years and -9% over five years. In the latest year (FY 2024) revenue fell 54%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Convate Consultancy Services is 29AADCC3949G1ZH, registered in Karnataka.
The CIN (Corporate Identification Number) of Convate Consultancy Services is U74140KA2008PTC046606. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Convate Consultancy Services was incorporated on 29 May 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Convate Consultancy Services by revenue are Lsa Recruit Private Limited, Workforce Employment Solutions (India) Private Limited, Devam Pacific Private Limited, M N Marine Project Services Private Limited, Solar Human Resources Management Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing).
Nitin Nagaich was appointed as Director on 29 May 2008. Renu Nagaich was appointed as Director on 29 May 2008.
Convate Consultancy Services can be reached through the website convate.com. Its registered office is in Bengaluru, Karnataka, India.