MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MP-23-0002790
Converge Infoservices Private Limited - information technology in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹59.39 Lakh
▼ 7% YoY
Net profit · FY 2024
₹1.8 Lakh
Net margin 3%
EBITDA · FY 2024
₹9.57 Lakh
EBITDA margin 16.1%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹5.9 Lakh
Secured borrowings
Company age
12 yrs
Est. 2014
Directors on board
2
As per MCA filings
About Converge Infoservices Private Limited
Data last updated:
Converge Infoservices Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 23 June 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U72300MP2014PTC032820. Its GSTIN is 23AAFCC6908H1ZS (Madhya Pradesh).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Abhiram Jayant Bhise and Jayant Bhise.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 303 Nandadeep Apartment 12 Nath Mandir Colony South Tukoganj, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2024, the company reported a revenue of ₹59.39 Lakh, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹1.8 Lakh (net margin 3%) and EBITDA of ₹9.57 Lakh (EBITDA margin 16.1%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 11% over five years.
The company is associated with 1 brand: QuickSO. As per MCA filings, the company has open charges of ₹5.9 Lakh on record.
Converge Infoservices Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0002790). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cnvg.in.
Company details
CIN U72300MP2014PTC032820
Registration Number 032820
Incorporation Date 23 June 2014
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MP-23-0002790
Recognitions & Rankings of Converge Infoservices
Contact details
Converge Infoservices Private Limited's registered office is in Indore, Madhya Pradesh. Its website is cnvg.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address303 Nandadeep Apartment 12 Nath Mandir Colony South Tukoganj, Indore, Madhya Pradesh, India – 452001
- IndustryInformation Technology, Software Development & Support Services, Web Design & Maintenance Services
To see the full contact details of Converge Infoservices Private Limited, buy the company report.
Comprehensive company report
Converge Infoservices Private Limited - one report that includes everything
- 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
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Brands
Converge Infoservices operates one associated brand: QuickSO. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides SaaS-based project management software tailored for construction projects. | quickso.in |
Business activity
The main business activity of Converge Infoservices is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Converge Infoservices Private Limited, buy the company report.
Financials of Converge Infoservices Private Limited
FY 2024 filings availableConverge Infoservices Private Limited reported revenue of ₹59.39 Lakh (down 7% YoY) for FY 2024.
Revenue · FY 2024
₹59.39 Lakh ▼ 7%
Net profit · FY 2024
₹1.8 Lakh margin 3%
EBITDA · FY 2024
₹9.57 Lakh margin 16.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 4%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▲ 21%
3 years · compounded
▲ 10%
5 years · compounded
▲ 17%
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA rose 21% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹9.57 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.8 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.1% | ||||
| Net Profit Margin | 3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Converge Infoservices Private Limited, buy the company report.
Board of directors of Converge Infoservices Private Limited
Converge Infoservices has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhiram Jayant Bhise Also directs: Graviti Communications LLP | Director | 23 Jun 2014 | 12 Years 4 Months | Current |
| Jayant Bhise | Director | 23 Jun 2014 | 12 Years 4 Months | Current |
Peer comparison
Converge Infoservices Private Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (Software Services, Website Design and Maintenance), with the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Suswa Software Services Private Limited | ₹59.65 Lakh (FY 2025) | 4.0% | Hyderabad, Telangana, India | |||
| Converge Infoservices Private Limitedthis company | ₹59.39 Lakh (FY 2024) | ₹1.8 Lakh | 3% | -7.0% | Indore, Madhya Pradesh, India | |
| Sathaga Primal Private Limited | ₹59.38 Lakh (FY 2025) | -1.0% | Chennai, Tamil Nadu, India | |||
| Think Real Software Solutions Private Limited | ₹59.31 Lakh (FY 2025) | 40.0% | Bangalore, Karnataka, India | |||
| Riffre Technology Services Private Limited | ₹59.22 Lakh (FY 2025) | 5.0% | New Delhi, Delhi, India |
To see the full peer comparison of Converge Infoservices Private Limited, buy the company report.
Auditor
Converge Infoservices Private Limited is audited by V. KASAT & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. KASAT & CO. | FY 2023 | 010912C |
Shareholding
The shareholding of Converge Infoservices Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Converge Infoservices Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5.9 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 May 2018 | 100201197 | State Bank of India | ₹5.9 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Converge Infoservices Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Converge Infoservices Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Converge Infoservices has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAFCC6908H1ZS | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Converge Infoservices Private Limited, buy the company report.
Recent activity
Converge Infoservices Private Limited has 2 board changes on record since 2014: 2 appointments. The latest: Abhiram Jayant Bhise was appointed as Director on 23 Jun 2014.
AGM
Converge Infoservices Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Converge Infoservices Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.
Charges
A charge with State Bank Of India amounted to Rs. 5.90 Lakh with Charge ID 100201197 was registered on 04 May 2018.
Appointed
Abhiram Jayant Bhise was appointed as Director.
Appointed
Jayant Bhise was appointed as Director.
Incorporation
23 Jun 2014
Converge Infoservices Private Limited was registered on 23 Jun 2014 with Roc Gwalior & aged 12 years 4 months as per MCA records.
Frequently asked questions
Converge Infoservices is an active private limited company based in Indore, Madhya Pradesh, India. The company works in software development and support services, within the information technology industry. It was incorporated on 23 June 2014 (12+ years old) and is registered under CIN U72300MP2014PTC032820.
Converge Infoservices has 2 current directors:
- Abhiram Jayant Bhise - Director
- Jayant Bhise - Director
The latest financial statements of Converge Infoservices on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Converge Infoservices is 23AAFCC6908H1ZS, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Converge Infoservices is U72300MP2014PTC032820. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Converge Infoservices was incorporated on 23 June 2014, making it 12+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Converge Infoservices by revenue are Suswa Software Services Private Limited, Sathaga Primal Private Limited, Think Real Software Solutions Private Limited, Riffre Technology Services Private Limited, all in the Information Technology industry (Software Services, Website Design and Maintenance), with the same principal business activity (other professional, scientific and technical activities).
Abhiram Jayant Bhise was appointed as Director on 23 Jun 2014. Jayant Bhise was appointed as Director on 23 Jun 2014.
Yes, Converge Infoservices is registered as a micro enterprise under Udyam registration (number: UDYAM-MP-23-0002790).
Converge Infoservices can be reached through the website cnvg.in. Its registered office is in Indore, Madhya Pradesh, India.
The registered office of Converge Infoservices is at 303 Nandadeep Apartment 12 Nath Mandir Colony South Tukoganj, Indore, Madhya Pradesh, India – 452001.
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