Convergence Chemicals Private Limited

Founded in 2014 and headquartered in Maharashtra, India.

2014 | Mumbai, Maharashtra (India) | Merged
Last Updated:

Convergence Chemicals Profile

Key Indicators

  • Authorised Capital ₹ 85.00 Cr
  • Paid Up Capital ₹ 70.01 Cr
  • Company Age 10 Year, 3 Months
  • Last Filing with ROC 31 Mar 2021
  • Open Charges ₹ 240.00 Cr
  • Revenue Growth 10.13%
  • Profit Growth 41.50%
  • Ebitda 12.57%
  • Net Worth 25.80%
  • Total Assets -0.53%

About Convergence Chemicals

Convergence Chemicals Private Limited (CCPL) is Amalgamated company established on 19 Nov 2014 with its office registered at Mumbai, Maharashtra, India and has been running since 10 Year, 3 Months with a paid up capital of 70.01 Cr. According to MCA records, 2 Directors and 2 Signatories are linked to this company as of 16 Jan 2025.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U24100MH2014PTC373507

  • Company No.

    081290

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    19 Nov 2014

  • Date of AGM

    17 Sep 2021

  • Date of Balance Sheet

    31 Mar 2021

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Chemicals and Materials

Who are the key members and board of directors at Convergence Chemicals?

Executive Team (2)

NameDesignationAppointment DateStatus
Divya Taldar CFO03-May-2021Current
Akshita Jain Company Secretary03-Sep-2021Current

Board Members (2)

NameDesignationAppointment DateStatus
Vivek Valsaraj Country flag representing In Director 19-Nov-2014Current
Surinder Gulati Country flag representing In Director 27-Apr-2015Current

Financial Performance of Convergence Chemicals.

Convergence Chemicals Private Limited, for the financial year ended 2021, experienced significant growth in revenue, with a 10.13% increase. The company also saw a substantial improvement in profitability, with a 41.5% increase in profit. The company's net worth Soared by an impressive increase of 25.8%.

Convergence Chemicals revenue growth over time
Convergence Chemicals 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
10.13%
Revenue from Operations
11.50%
Total Assets
-0.53%
Profit or Loss
41.50%
Net Worth
25.80%
EBITDA
12.57%

What is the Ownership and Shareholding Structure of Convergence Chemicals?

In 2021, Convergence Chemicals had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹240.00 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 240.00 Cr

Latest Charge Details

DateLenderAmountStatus
15 Sep 2021Axis Bank Limited₹30.00 CrOpen
15 Sep 2021Axis Bank Limited₹95.00 CrOpen
07 Nov 2019Axis Bank Limited₹115.00 CrOpen

How Many Employees Work at Convergence Chemicals?

Convergence Chemicals has a workforce of 110 employees as of Mar 28, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Convergence Chemicals Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Convergence Chemicals, 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 Convergence Chemicals'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 Convergence Chemicals

Recent activity within the organization

  • Annual General Meeting

    Convergence Chemicals Private Limited last Annual general meeting of members was held on 17 Sep 2021 as per latest MCA records.

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 30.00 Cr with Charge ID 100487379 was registered on 15 Sep 2021.

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 95.00 Cr with Charge ID 100487392 was registered on 15 Sep 2021.

  • Director Appointment

    Akshita Jain was appointed as a Company Secretary was appointed as a Company Secretary on 03 Sep 2021 & has been associated with this company since 3 years 6 months .

  • Director Appointment

    Divya Taldar was appointed as a Cfo was appointed as a Cfo on 03 May 2021 & has been associated with this company since 3 years 10 months .

  • Balance Sheet

    Convergence Chemicals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Mumbai.

Frequently asked questions

  • What is the Incorporation or founding date of Convergence Chemicals Private Limited?

    Convergence Chemicals Private Limited was incorporated on 19 Nov 2014.

  • What is authorized share capital and paid-up capital of Convergence Chemicals Private Limited?

    The authorized share capital of Convergence Chemicals Private Limited is ₹ 85.00 Cr and paid-up capital is ₹ 70.01 Cr.

  • Who are the current board members & directors of Convergence Chemicals Private Limited?

    Currently 4 directors are associated with Convergence Chemicals Private Limited.

    • Vivek Valsaraj
    • Surinder Bhawanidas Gulati
    • Divya Taldar
    • Akshita Jain

  • What is the registered address of Convergence Chemicals Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Convergence Chemicals Private Limited is Ground Floor Piramal Ananta Agastya Corporate Park Kamani Junction Lbs Marg, Kurla W Est India, Mumbai, Maharashtra, 400070.

  • What is the corporate identification number (CIN) and company number of Convergence Chemicals Private Limited?

    The corporate identification number (CIN) of Convergence Chemicals Private Limited is U24100MH2014PTC373507 and the company number is 081290 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Convergence Chemicals Private Limited?

    The Official website of Convergence Chemicals Private Limited is https://www.piramal.com

  • What has been the recent revenue trend for Convergence Chemicals Private Limited?

    According to the financial reports for the fiscal year 2021, the revenue trend for Convergence Chemicals Private Limited has risen by 10.13%.

  • How many employees does Convergence Chemicals Private Limited currently have?

    As Per 2021 financial reports, 110 employees are currently employed by Convergence Chemicals Private Limited.

  • What change has been observed in the net worth of Convergence Chemicals Private Limited, and by what percentage?

    The financial reports for the fiscal year 2021 indicates that The net worth of Convergence Chemicals Private Limited has experienced an upsurge of 25.80%.

  • What are the total open charges for Convergence Chemicals Private Limited?

    As per the financial statements for fiscal Year 2021, The total open charges for Convergence Chemicals Private Limited amount to ₹ 240.00 Cr.

  • When was the last Balance Sheet of Convergence Chemicals Private Limited filed with the ROC?

    The most recent Balance Sheet for Convergence Chemicals Private Limited was filed with the ROC on 31 Mar 2021.

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