About Converging Miinds Management Private Limited
Data last updated:
Converging Miinds Management 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 02 April 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74140KA2002PTC030308. Its GSTIN is 29AADCA6778K1Z1 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Ashraf Gadgul Bawa (Managing Director) and Mumtaz Bava.
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 Prapula No. 310 1st Main Ganganagar, Bangalore, Karnataka, India – 560032.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.4 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net loss of ₹3.58 Lakh (net margin -2.6%) and EBITDA of ₹1.04 Lakh (EBITDA margin 0.7%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 9% over five years.
The company is associated with 1 brand: Converging Miinds. As per MCA filings, the company has open charges of ₹9.72 Lakh 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 convergingmiinds.com.
Company details
Contact details
Converging Miinds Management Private Limited's registered office is in Bangalore, Karnataka. Its website is convergingmiinds.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPrapula No. 310 1st Main Ganganagar, Bangalore, Karnataka, India – 560032
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Converging Miinds Management Private Limited, buy the company report.
- 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
Brands
Converging Miinds Management operates one associated brand: Converging Miinds. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive payroll management services for businesses. | convergingmiinds.com |
Business activity
The main business activity of Converging Miinds Management is professional, scientific and technical. In detail, this covers accounting, book keeping and auditing activities, tax consultancy.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M2 | Accounting, book keeping and auditing activities, tax consultancy |
To see the full business activity and turnover split of Converging Miinds Management Private Limited, buy the company report.
Financials of Converging Miinds Management Private Limited
FY 2025 filings availableConverging Miinds Management Private Limited reported revenue of ₹1.4 Cr (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 15% growth in the latest year. EBITDA fell 84% 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 | ₹1.04 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.58 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.7% | ||||
| Net Profit Margin | -2.6% | ||||
| 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 Converging Miinds Management Private Limited, buy the company report.
Board of directors of Converging Miinds Management Private Limited
Converging Miinds Management has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mumtaz Bava Also directs: Vishwas Bawa Advertising Private Limited | Director | 16 Jun 2003 | 23 Years 4 Months | Current |
| Gadugal Ahmad Bava | Director | 29 Oct 2016 | 9 Years 11 Months | Current |
| Ashraf Gadgul Bawa | Managing Director | 20 Aug 2002 | 24 Years 2 Months | Current |
Auditor
Converging Miinds Management Private Limited is audited by MAJIDANDI & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAJIDANDI & CO | FY 2019 | 013952S |
Shareholding
The shareholding of Converging Miinds Management Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Converging Miinds Management Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Aug 2014 | 10532817 | The Karur Vysya Bank Ltd | ₹9.72 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Converging Miinds Management 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 Converging Miinds Management Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Converging Miinds Management has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCA6778K1Z1 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Converging Miinds Management Private Limited, buy the company report.
Recent activity
Converging Miinds Management Private Limited has 5 board changes on record since 2002: 3 appointments and 2 cessations. The latest: Gadugal Ahmad Bava ceased to be Additional Director on 30 Sep 2017.
Frequently asked questions
Converging Miinds Management 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 02 April 2002 (24+ years old) and is registered under CIN U74140KA2002PTC030308.
Converging Miinds Management has 3 current directors:
- Ashraf Gadgul Bawa - Managing Director
- Mumtaz Bava - Director
- Gadugal Ahmad Bava - Director
The latest financial statements of Converging Miinds Management 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 2015 are in the company report.
The GSTIN of Converging Miinds Management is 29AADCA6778K1Z1, registered in Karnataka.
The CIN (Corporate Identification Number) of Converging Miinds Management is U74140KA2002PTC030308. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Converging Miinds Management was incorporated on 02 April 2002, making it 24+ years old. It is registered with the Registrar of Companies, Bangalore.
Gadugal Ahmad Bava ceased to be Additional Director on 30 Sep 2017. Gadugal Ahmad Bava was appointed as Director on 29 Oct 2016. Iqbal Gadugal Bawa ceased to be Director on 26 Feb 2014. Converging Miinds Management has 5 board changes on record in total.
Converging Miinds Management can be reached through the website convergingmiinds.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Converging Miinds Management is at Prapula No. 310 1st Main Ganganagar, Bangalore, Karnataka, India – 560032.
Converging Miinds Management operates in the business outsourcing industry, in the business and IT consulting segment.