MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0003158
Convergence Steel Private Limited - metals and minerals in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹141.32 Cr
▲ 34% YoY
Net profit · FY 2025
₹2.34 Cr
Net margin 1.7%
EBITDA · FY 2025
₹5.07 Cr
EBITDA margin 3.6%
Authorised capital
₹2.5 Cr
Registered with MCA
Paid-up capital
₹1.7 Cr
Issued & subscribed
Open charges
₹26.31 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Employees · EPFO
8
Provident fund records
About Convergence Steel Private Limited
Data last updated:
Convergence Steel Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 26 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U52609MH2019PTC333611. Its GSTIN is 27AAICC4945K1Z9 (Maharashtra).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹1.7 Cr. It is led by directors Abhishek Dilipkumar Jha and Ashutosh Singh.
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 703 Vihan Walbhat Road Goregaon (East), Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2025, the company reported a revenue of ₹141.32 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net profit of ₹2.34 Cr (net margin 1.7%) and EBITDA of ₹5.07 Cr (EBITDA margin 3.6%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 236% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Convergence Steel. As per MCA filings, the company has open charges of ₹26.31 Cr on record.
Convergence Steel Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0003158). For more details, the company can be reached via its website convergencesteel.com.
Company details
CIN U52609MH2019PTC333611
Registration Number 333611
Incorporation Date 26 November 2019
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0003158
Recognitions & Rankings of Convergence Steel
Contact details
Convergence Steel Private Limited's registered office is in Mumbai, Maharashtra. Its website is convergencesteel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address703 Vihan Walbhat Road Goregaon (East), Mumbai, Maharashtra, India – 400063
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Convergence Steel Private Limited, buy the company report.
Comprehensive company report
Convergence Steel 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
Convergence Steel operates one associated brand: Convergence Steel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specialty steel stocking and distribution in India, focusing on abrasion-resistant and high-strength plates. | convergencesteel.com |
Business activity
The main business activities of Convergence Steel are trade and professional, scientific and technical. In detail, this covers retail trading and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Convergence Steel Private Limited, buy the company report.
Financials of Convergence Steel Private Limited
FY 2025 filings availableConvergence Steel Private Limited reported revenue of ₹141.32 Cr (up 34% YoY) for FY 2025.
Revenue · FY 2025
₹141.32 Cr ▲ 34%
Net profit · FY 2025
₹2.34 Cr margin 1.7%
EBITDA · FY 2025
₹5.07 Cr margin 3.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 34%
3 years · compounded
▲ 27%
5 years · compounded
▲ 236%
EBITDA CAGR growth
1 year
▲ 30%
3 years · compounded
▲ 24%
5 years · compounded
▲ 120%
Revenue has grown at a compounded annual rate (CAGR) of 236% over five years, including 34% growth in the latest year. EBITDA rose 30% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹5.07 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.34 Cr | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.6% | ||||
| Net Profit Margin | 1.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Convergence Steel Private Limited, buy the company report.
Board of directors of Convergence Steel Private Limited
Convergence Steel has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhishek Dilipkumar Jha Also directs: Connect Steel Infra Private Limited | Director | 26 Nov 2019 | 6 Years 11 Months | Current |
| Ashutosh Singh | Director | 26 Nov 2019 | 6 Years 11 Months | Current |
Auditor
Convergence Steel Private Limited is audited by R M SHUKLA & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R M SHUKLA & CO. | FY 2022 | 110235W |
Shareholding
The shareholding of Convergence Steel Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Convergence Steel Private Limited, buy the company report.
Charges & borrowings
Open charges
₹26.31 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Feb 2024 | 100887090 | Standard Chartered Bank | ₹10 Cr | Open | |
| 09 Mar 2023 | 100708242 | Hdfc Bank Limited | ₹16.31 Cr | Open |
To see the full charge records of Convergence Steel Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Convergence Steel 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 Convergence Steel Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Convergence Steel has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
Employees & EPFO
Convergence Steel Private Limited has a workforce of 8 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
8
Active EPFO establishments
1
Employee growth
14.29%
GST
Convergence Steel has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICC4945K1Z9 | Maharashtra | Active | 17 Jan 2020 |
To see the full GST registrations and return filing status of Convergence Steel Private Limited, buy the company report.
Recent activity
Convergence Steel Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Rajeev Sinha ceased to be Additional Director on 30 Sep 2022.
Charges
A charge with Hdfc Bank Limited of Rs. 16.31 Cr registered on 09 Mar 2023 with Charge ID 100708242 was modified on 17 Oct 2025.
AGM
Convergence Steel Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Convergence Steel Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Standard Chartered Bank amounted to Rs. 10.00 Cr with Charge ID 100887090 was registered on 19 Feb 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 16.31 Cr with Charge ID 100708242 was registered on 09 Mar 2023.
Ceased
Rajeev Sinha ceased to be Additional Director.
Appointed
Abhishek Dilipkumar Jha was appointed as Director.
Appointed
Ashutosh Singh was appointed as Director.
Incorporation
26 Nov 2019
Convergence Steel Private Limited was registered on 26 Nov 2019 with Roc Mumbai & aged 6 years 11 months as per MCA records.
Frequently asked questions
Convergence Steel is an active private limited company based in Mumbai, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 26 November 2019 (7+ years old) and is registered under CIN U52609MH2019PTC333611.
Convergence Steel has 2 current directors:
- Abhishek Dilipkumar Jha - Director
- Ashutosh Singh - Director
The latest financial statements of Convergence Steel on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Convergence Steel is 27AAICC4945K1Z9, registered in Maharashtra.
The CIN (Corporate Identification Number) of Convergence Steel is U52609MH2019PTC333611. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Convergence Steel was incorporated on 26 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Rajeev Sinha ceased to be Additional Director on 30 Sep 2022. Abhishek Dilipkumar Jha was appointed as Director on 26 Nov 2019. Ashutosh Singh was appointed as Director on 26 Nov 2019.
Yes, Convergence Steel is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0003158).
Convergence Steel can be reached through the website convergencesteel.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Convergence Steel is at 703 Vihan Walbhat Road Goregaon East, Mumbai, Maharashtra, India – 400063.
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