About Convergence IT Services Private Limited
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Convergence IT Services Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the consultancy services segment of the technology and IT services sector. It was incorporated on 16 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2010PTC206642. Its GSTIN is 27AAECC1044M1ZP (Maharashtra).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹2.4 Lakh. It is led by directors including Piyushkumar Sampatlal Jain and Priyanka Piyushkumar Jain.
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 Office No. 316 Third Floor Cts No 240 240/1 To 8 Neelkanth Corporate IT Park Sterlite Compound Kirol Village, Sterlite Compound Near Bus Depot Vidyav Vidyavihar (W) Mumbai, Maharashtra, India – 400086.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.69 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹18.88 Lakh (net margin 2.8%) and EBITDA of ₹48.57 Lakh (EBITDA margin 7.3%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 23% over five years.
The company has about 62 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Convergence Services and uKnowva. As per MCA filings, the company has open charges of ₹2.06 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website convergenceservices.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressOffice No. 316 Third Floor Cts No 240 240/1 To 8 Neelkanth Corporate IT Park Sterlite Compound Kirol Village, Sterlite Compound Near Bus Depot Vidyav Vidyavihar (W) Mumbai, Maharashtra, India – 400086
- IndustryInformation Technology, Consultancy, Computer Programming
- 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
Associated Brands with Convergence IT Services Private Limited
Convergence IT Services operates two associated brands: Convergence Services and uKnowva. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers enterprise software products and services to businesses, focusing on innovative solutions. | convergenceservices.in | |
| AI-powered HRMS software is offered for HR automation. | uknowva.com |
Competitors & Alternatives of Convergence IT Services Private Limited
Brands and companies operating in the same space as Convergence IT Services Private Limited include Atlassian, Workday, monday.com and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Atlassian | Cloud-based enterprise collaboration suites are delivered for team productivity. | Sydney, Australia | 2002 |
 Workday | Cloud-based HR and financial software is delivered to enterprises. | Pleasanton, United States | 2005 |
 monday.com | Cloud-based platform for project management and team tracking is offered. | Tel Aviv, Israel | 2012 |
 Coda | Integrated documents and spreadsheets are utilized for team project management. | San Francisco, United States | 2014 |
 Clickup | Cloud based project management platform | Palo Alto, United States | 2016 |
 Symphony | Compliance management solutions for financial institutions | New York, United States | 2014 |
 Kronos | HCM software solutions for enterprise workforce management are provided. | Lowell, United States | 1977 |
 Asana | Cloud-based project management software is offered for teams. | San Francisco, United States | 2008 |
 UserZoom | Cloud-based platform for user experience research and testing is utilized. | San Jose, United States | 2007 |
 Hedgehog lab | Mobile application development and UX design services are provided. | Newcastle Upon Tyne, United Kingdom | 2007 |
Business Activity of Convergence IT Services Private Limited
The main business activity of Convergence IT Services is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | 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.
Auditor Details of Convergence IT Services Private Limited
Convergence IT Services Private Limited is audited by APKG & Co for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| APKG & Co | 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 Convergence IT Services Private Limited
Convergence IT Services has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Piyushkumar Sampatlal Jain | Director | 16 Aug 2010 | 16 Years 1 Months | Current |
| Priyanka Piyushkumar Jain Also directs: Manjari Technologies Private Limited | Director | 16 Aug 2010 | 16 Years 1 Months | Current |
| Abhay Mangaldas Talekar | Director | 16 Aug 2010 | 16 Years 1 Months | Current |
Financials of Convergence IT Services Private Limited FY 2025 filings available
Convergence IT Services Private Limited reported revenue of ₹6.69 Cr (down 8.00% YoY) for FY 2024.
Growth of Convergence IT Services Private Limited
| Metric | 1-year growth | 3-year compounded (CAGR) | 5-year compounded (CAGR) |
|---|---|---|---|
| Revenue | ▼ 8% | ▲ 23% | ▲ 23% |
| Net profit | ▲ 286% | ▼ 10% | ▲ 26% |
| EBITDA | ▲ 219% | n/a | ▲ 12% |
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 23%. 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 Convergence IT 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 | •••• | •••• | •••• | •••• | •••• |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹48.57 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹18.88 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Convergence IT Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.8% | •••• | •••• | •••• | •••• |
| 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 Convergence IT 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.
Ownership and Shareholding of Convergence IT 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 Convergence IT Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Mar 2024 | Others | ₹1.25 Cr | Open |
| 01 Jul 2020 | Sidbi | ₹6.28 Lakh | Open |
| 29 Nov 2017 | Sidbi | ₹35 Lakh | Open |
| 06 Jan 2015 | Small Industries Development Bank of India | ₹40 Lakh | Open |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Convergence IT Services Private Limited
Convergence IT Services Private Limited has a workforce of 62 employees as of Apr 09, 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.
GST Compliance of Convergence IT Services Private Limited
Convergence IT Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECC1044M1ZP | Maharashtra | 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.
Credit Ratings, Litigation & Regulatory Alerts for Convergence IT 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 Convergence IT 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 Convergence IT 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.
MCA Filings & Documents of Convergence IT 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.
Recent Activity on Convergence IT Services Private Limited
Frequently Asked Questions about Convergence IT Services Private Limited
Convergence IT Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in consultancy, within the information technology industry. It was incorporated on 16 August 2010 (16+ years old) and is registered under CIN U72900MH2010PTC206642.
Convergence IT Services reported revenue of ₹6.69 Cr for FY 2024 (down 8.00% YoY).
Convergence IT Services has 3 current directors:
- Piyushkumar Sampatlal Jain - Director
- Priyanka Piyushkumar Jain - Director
- Abhay Mangaldas Talekar - Director
Convergence IT Services reported a net profit of ₹18.88 Lakh (net margin 2.8%) and EBITDA of ₹48.57 Lakh (EBITDA margin 7.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Convergence IT Services is 23% over three years and 23% over five years. In the latest year (FY 2024) revenue fell 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Convergence IT Services is 27AAECC1044M1ZP, registered in Maharashtra.
The CIN (Corporate Identification Number) of Convergence IT Services is U72900MH2010PTC206642. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Convergence IT Services was incorporated on 16 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Yes, Convergence IT Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).