Convergent Finance

Established in 2018, Convergent Finance is an investment partnership headquartered in Mumbai, India. It focuses on identifying proprietary platform and bolt-on opportunities, executing transactions swiftly, and enhancing performance for great companies to transform them into global leaders.

Harsha Raghavan

Co-Founder and Managing Partner

12 past transactions

Camlin Fine Sciences

Post in 2023
Camlin Fine Sciences Limited is a Mumbai-based company engaged in the research, development, manufacturing, and marketing of specialty chemicals and additive products. With a global presence, it operates in markets across India, Mexico, North America, Europe, and Asia. The company specializes in providing shelf-life extension solutions, which include antioxidants and natural products aimed at enhancing the longevity of food and feed. Its portfolio includes aroma ingredients like vanillin and ethyl vanillin, as well as nutraceutical products derived from fermentation and green extraction sources. Camlin Fine Sciences also produces performance chemicals and various animal nutrition products, such as growth promoters and antimicrobials. The products cater to diverse industries, including food and beverage, agriculture, pharmaceuticals, and petrochemicals. Founded in 1931, the company was previously known as Camlin Fine Chemicals and rebranded in 2011 to reflect its broader focus on specialty chemicals.

Agilitas

Series A in 2023
Agilitas Sports operates as a sportswear and athleisure solutions platform. The company adopts a holistic approach that emphasizes innovation and quality. The company invests in advanced manufacturing technologies, supported by strong research and development (R&D) centers and product design labs. They aim to enhance the sports experience—from research to manufacturing and retail.

Fly91

Private Equity Round in 2023
Fly91 is a regional airline focused on connecting rapidly growing cities in India. The company specializes in providing reliable, comfortable, and affordable short-haul flights, catering to the increasing demand for efficient air travel in the region. By operating in the pure-play regional segment, Fly91 aims to enhance connectivity and offer a cost-effective travel option for passengers, making air travel more accessible.

Jagsonpal Pharmaceuticals

Post in 2022
Jagsonpal Pharmaceuticals specializes in the development of bulk drugs and pharmaceutical formulations, with a focus on women's health, pain management, and general medicine. They operate in segments including gynaecology, orthopaedics, dermatology, and paediatrics.

Welspun

Post in 2021
Founded in 1985, Welspun is a global leader operating in Line Pipes and Home Textiles sectors. It manufactures and sells steel pipes, plates, and coils, as well as home textile products like towels, bath robes, bedding, and flooring products. With a significant presence in infrastructure development and a worldwide reach spanning over 50 countries, Welspun employs approximately 26,000 people across various geographies.

Onward Technologies

Post in 2021
Headquartered in Mumbai, with prominent global presence in North America & Europe, and state-of-the-art offshore delivery centres (ODC) in India, we support businesses in focused verticals of Transportation & Mobility, Industrial Equipment & Heavy Machinery, and Healthcare & Lifesciences. With a scalable outsourcing/offshore model across 6 countries, a fast-growing team of 2800+ employees, and long-term customer associations, we accelerate innovation and maximize returns on R&D investments for our marquee customers. With two decades of expertise in Mechanical Engineering capabilities, we have augmented our prowess in two lines of business (LOB) in Digital & Data Engineering and Electronics & Embedded Engineering for our customers. Founded in 1991, the company has been listed on both NSE and BSE, since 1995.

Borosil

Post in 2020
Borosil is a glassware company in India with three business areas: Scientificware, Consumerware, and Investments. It manufactures and markets laboratory glassware, instruments, liquid handling equipment, and sample processing equipment under the LabQuest brand for pharma, microbiology, biotechnology, food and soil testing, and educational institutions, and offers primary glass packaging under the Klasspack brand for the pharmaceutical sector. The company also produces consumer glassware, including microwaveable kitchenware, opalware dinner sets, storage products, and stainless steel insulated flasks and bottles under the Borosil brand. It sells through distributors, independent retailers, and online platforms and exports to markets in the Middle East, Southeast Asia, Africa, and the United States. Based in Mumbai, the company also engages in investment activities as part of its diversified portfolio.

ADF Foods Limited

Post in 2020
ADF Foods Limited is an Indian food processing company that manufactures and markets a wide range of processed and preserved foods. Its product lineup includes ready-to-eat and ready-to-cook meals, frozen foods and vegetables, sauces, pickles, chutneys, pastes, dips, spices, and canned vegetables in brine. The company markets its products under brands such as Ashoka, Camel, Truly Indian, Aeroplane, Nate's, PJ's Organics, ADF Soul, and Khansaama. It operates through processed foods and distribution segments and serves customers across global markets through extensive distribution networks and exports. Founded in 1932 and headquartered in Mumbai, it focuses on ethnic and pantry staples distributed internationally, including markets in Europe, the United States, Canada, the Middle East, Asia, Australia, and New Zealand.

SeQuent Scientific

Post in 2020
SeQuent Scientific Limited is an integrated pharmaceutical company based in India, specializing in the development of products and services across multiple industries, including pharmaceuticals, agrochemicals, and personal care. The company operates through three main segments: active pharmaceutical ingredients (API), analytical services, and animal health. SeQuent Scientific develops a wide range of API products and formulations, including antibiotics, anthelmintics, pain management solutions, and nutritional products. The company's geographical presence spans Europe, Asia, and other regions, with Europe being its primary source of revenue.

Camlin Fine Sciences

Post in 2020
Camlin Fine Sciences Limited is a Mumbai-based company engaged in the research, development, manufacturing, and marketing of specialty chemicals and additive products. With a global presence, it operates in markets across India, Mexico, North America, Europe, and Asia. The company specializes in providing shelf-life extension solutions, which include antioxidants and natural products aimed at enhancing the longevity of food and feed. Its portfolio includes aroma ingredients like vanillin and ethyl vanillin, as well as nutraceutical products derived from fermentation and green extraction sources. Camlin Fine Sciences also produces performance chemicals and various animal nutrition products, such as growth promoters and antimicrobials. The products cater to diverse industries, including food and beverage, agriculture, pharmaceuticals, and petrochemicals. Founded in 1931, the company was previously known as Camlin Fine Chemicals and rebranded in 2011 to reflect its broader focus on specialty chemicals.

Jyoti International Foods

Private Equity Round in 2020
Jyoti International Foods is a provider of comprehensive logistics and supply chain management solutions tailored for the foodservice industry. The company specializes in distribution, warehousing, procurement planning, and vendor management, facilitating efficient and flexible distribution services for quick-service restaurant chains, retail chains, and the food processing sector. By streamlining various aspects of the supply chain, Jyoti International Foods enhances operational efficiencies and supports the growth of its clients in a competitive market.

Hindustan Foods

Private Equity Round in 2019
Established in 1988 as a joint venture between Dempo Group and Glaxo India Limited, Hindustan Foods initially focused on manufacturing nutritional food products. In 2013, Vanity Case Group acquired a controlling stake, leading to diversification into various FMCG categories including cosmetics, personal care, and home care products.
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