Convergence Property Development Services Private Limited
About Convergence Property Development Services Private Limited
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Convergence Property Development Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 29 November 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70109KA2021PTC154941. Its GSTIN is 29AAJCC9431F1ZG (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹12.65 Lakh. It is led by directors including Govindankutty Meachery and Ganasala Nagendra Babu.
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 Workafella Business Centre Cabin No.218 150/1 Infantry Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2025, the company reported a revenue of ₹17.43 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.66 Cr (net margin 9.5%) and EBITDA of ₹2.43 Cr (EBITDA margin 14%). Revenue has grown at a compounded annual rate (CAGR) of 237% over three years.
The company has about 40 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.27 Cr on record.
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- Registered AddressWorkafella Business Centre Cabin No.218 150/1 Infantry Road, Bangalore, Karnataka, India – 560001
- IndustryBusiness Outsourcing, Business & IT Consulting
- 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 Convergence Property Development Services Private Limited
The main business activity of Convergence Property Development Services is real estate activities. In detail, this covers real estate activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate 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.
Financials of Convergence Property Development Services Private Limited FY 2024 filings available
Convergence Property Development Services Private Limited reported revenue of ₹17.43 Cr (up 186% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Convergence Property Development Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 237% over three years, including 186% growth in the latest year. EBITDA rose 293% 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 Convergence Property Development Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.43 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.66 Cr | •••• | •••• | •••• |
| Balance Sheet | ||||
| Share Capital | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• |
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Financial Ratios of Convergence Property Development Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 14% | •••• | •••• | •••• |
| Net Profit Margin | 9.5% | •••• | •••• | •••• |
| 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 Property Development Services are in the company report.
Financial statements from FY 2022
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 Convergence Property Development Services Private Limited
Convergence Property Development Services Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Project Management). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Agile PMC Private Limited | ₹18.54 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Chennai, Tamil Nadu, India |
| Sulit Style De Vie Services and Project Management Private Limited | ₹18.32 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Hyderabad, Telangana, India |
| HSB Corporate Consultants Private Limited | ₹18.19 Cr (FY 2020) | •••• | •••• | 220.0% | •••• | Noida, Uttar Pradesh, India |
| GB Power Projects Private Limited | ₹17.54 Cr (FY 2024) | •••• | •••• | 90.0% | •••• | Chennai, Tamil Nadu, India |
| Stanford India Private Limited | ₹17.46 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | New Delhi, Delhi, India |
| Convergence Property Development Services Private Limited this company | ₹17.43 Cr (FY 2025) | •••• | •••• | 186.0% | •••• | Bangalore, Karnataka, India |
| Samarth Infra-Tech Services Private Limited | ₹17.17 Cr (FY 2024) | •••• | •••• | -29.0% | •••• | Kothrud, Maharashtra, India |
| Outline Infracon Private Limited | ₹16.83 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | New Delhi, Delhi, India |
| Ground Holding Real Estate Developers Private Limited | ₹16.83 Cr (FY 2025) | •••• | •••• | 128.0% | •••• | Mumbai, Maharashtra, India |
| Aspire Healthcare Pharma (India) Private Limited | ₹16.76 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Chennai, Tamil Nadu, India |
| Infibeam Projects Management Private Limited | ₹16.38 Cr (FY 2025) | •••• | •••• | 321.0% | •••• | Gandhinagar, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Convergence Property Development Services by revenue in the Infrastructure industry (Project Management), 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 Convergence Property Development Services Private Limited
Convergence Property Development Services Private Limited is audited by Vidya & Associates for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Vidya & Associates | 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 Property Development Services Private Limited
Convergence Property Development Services has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Govindankutty Meachery Also directs: RGK Estates LLP | Director | 29 Nov 2021 | 4 Years 10 Months | Current |
| Ganasala Nagendra Babu | Director | 29 Nov 2021 | 4 Years 10 Months | Current |
| Gourav Shurdeo | Additional Director | 28 Nov 2024 | 1 Years 10 Months | Current |
| Rahul Arangannal | Additional Director | 28 Nov 2024 | 1 Years 10 Months | Current |
Ownership and Shareholding of Convergence Property Development 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 Property Development Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Oct 2024 | Others | ₹1.27 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Convergence Property Development Services Private Limited
Convergence Property Development Services Private Limited has a workforce of 40 employees as of Apr 01, 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 Convergence Property Development Services Private Limited
Convergence Property Development Services Private Limited has 4 board changes on record since 2021: 4 appointments. The latest: Gourav Shurdeo was appointed as Additional Director on 28 Nov 2024.
Credit Ratings, Litigation & Regulatory Alerts for Convergence Property Development 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 Property Development 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 Property Development 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 Convergence Property Development Services Private Limited
Convergence Property Development Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCC9431F1ZG | Karnataka | Active | 18 Dec 2021 |
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 Convergence Property Development 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 Convergence Property Development Services Private Limited
Convergence Property Development Services is an active private limited company based in Bangalore, Karnataka, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 29 November 2021 (5+ years old) and is registered under CIN U70109KA2021PTC154941.
Convergence Property Development Services reported revenue of ₹17.43 Cr for FY 2025 (up 186% YoY).
Convergence Property Development Services has 4 current directors:
- Govindankutty Meachery - Director
- Ganasala Nagendra Babu - Director
- Gourav Shurdeo - Additional Director
- Rahul Arangannal - Additional Director
Convergence Property Development Services reported a net profit of ₹1.66 Cr (net margin 9.5%) and EBITDA of ₹2.43 Cr (EBITDA margin 14%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Convergence Property Development Services is 237% over three years. In the latest year (FY 2025) revenue rose 186%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Convergence Property Development Services is 29AAJCC9431F1ZG, registered in Karnataka.
The CIN (Corporate Identification Number) of Convergence Property Development Services is U70109KA2021PTC154941. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Convergence Property Development Services was incorporated on 29 November 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Convergence Property Development Services by revenue are Agile PMC Private Limited, Sulit Style De Vie Services and Project Management Private Limited, HSB Corporate Consultants Private Limited, GB Power Projects Private Limited, Stanford India Private Limited and 5 more, all in the Infrastructure industry (Project Management).
Gourav Shurdeo was appointed as Additional Director on 28 Nov 2024. Rahul Arangannal was appointed as Additional Director on 28 Nov 2024. Ganasala Nagendra Babu was appointed as Director on 29 Nov 2021. Convergence Property Development Services has 4 board changes on record in total.
The registered office of Convergence Property Development Services is at Workafella Business Centre Cabin No.218 1501 Infantry Road, Bangalore, Karnataka, India – 560001.