Converge Engineering Private Limited

Provides comprehensive design and engineering solutions, including risk assessment and EPC projects.

2017 | Mumbai, Maharashtra (India) | Active
Last Updated: July 18, 2024

Converge Engineering Profile

Key Indicators

  • Authorised Capital ₹ 7.00 M
  • Paid Up Capital ₹ 0.11 M
  • Company Age 7 Year, 8 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 63.13%
  • Profit Growth -99.50%
  • Ebitda -77.71%
  • Net Worth 875.40%
  • Total Assets 356.49%

About Converge Engineering

Converge Engineering Private Limited (CEPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 07 June 2017 (Seven years and eight months 16 days old ). Its registered office is in Mumbai, Maharashtra, India.

The Company is engaged in the Engineering Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 7.00 M and a paid-up capital of Rs 0.11 M, as per Ministry of Corporate Affairs (MCA) records.

Ajay Satpute and Surekha Satpute serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    converge.net.in

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74999MH2017PTC295906

  • Company No.

    295906

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    07 Jun 2017

  • Date of AGM

    01 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Engineering

What products or services does Converge Engineering Private Limited offer?

Converge Engineering Private Limited offers a wide range of products and services, including Architectural & Civil Engineering, Civil Engineering Service, Product Engineering and Prototyping, Product Engineering Service, Turnkey Consultants & Solutions, Project Consultants, IT, Networking & Automation Solution, IT Solutions, Mechanical Engineering Services, Instrumentation Engineering Services.

Who are the key members and board of directors at Converge Engineering?

Executive Team (1)

NameDesignationAppointment DateStatus
Ajay Satpute Country flag representing In Managing Director07-Jun-2017Current

Board Members (1)

NameDesignationAppointment DateStatus
Surekha Satpute Country flag representing In Director 07-Jun-2017Current

Financial Performance of Converge Engineering.

Converge Engineering Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 63.13% increase. The company also saw a substantial fall in profitability, with a 99.5% decrease in profit. The company's net worth Soared by an impressive increase of 875.4%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
63.13%
Revenue from Operations
60.98%
Total Assets
356.49%
Profit or Loss
-99.50%
Net Worth
875.40%
EBITDA
-77.71%

What is the Ownership and Shareholding Structure of Converge Engineering?

In 2023, Converge Engineering had a promoter holding of 99.92% and a public holding of 0.08%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Converge Engineering?

Unlock and access historical data on people associated with Converge Engineering, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Converge Engineering, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Converge Engineering's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Converge Engineering

Recent activity within the organization

  • Annual General Meeting

    Converge Engineering Private Limited last Annual general meeting of members was held on 01 Sep 2023 as per latest MCA records.

    01 Sep 2023

  • Balance Sheet

    Converge Engineering Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Director Appointment

    Surekha Ajay Satpute was appointed as a Director was appointed as a Director on 07 Jun 2017 & has been associated with this company since 7 years 8 months .

    07 Jun 2017

  • Director Appointment

    Ajay Sadanand Satpute was appointed as a Managing Director was appointed as a Managing Director on 07 Jun 2017 & has been associated with this company since 7 years 8 months .

    07 Jun 2017

  • Company Incorporation

    Converge Engineering Private Limited was registered on 07 Jun 2017 with Roc Mumbai & aged 7 years 8 months as per MCA records.

    07 Jun 2017

Frequently asked questions

  • Converge Engineering Private Limited was incorporated on 07 Jun 2017.

  • The authorized share capital of Converge Engineering Private Limited is ₹ 7.00 M and paid-up capital is ₹ 0.11 M.

  • Currently 2 directors are associated with Converge Engineering Private Limited.

    • Ajay Sadanand Satpute
    • Surekha Ajay Satpute
  • As per Ministry of Corporate Affairs (Mca), the registered address of Converge Engineering Private Limited is 2801 Walnut Building T-7 Lbs Road Kanjurmarg Mumbai Mumbai Suburban, Maharashtra, India, 400078.

  • The corporate identification number (CIN) of Converge Engineering Private Limited is U74999MH2017PTC295906 and the company number is 295906 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Converge Engineering Private Limited is https://www.converge.net.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for Converge Engineering Private Limited has risen by 63.13%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Converge Engineering Private Limited has experienced an upsurge of 875.40%.

  • The most recent Balance Sheet for Converge Engineering Private Limited was filed with the ROC on 31 Mar 2023.