Convergent is an investment partnership at the forefront of bringing together Ideas, Capital and passionate Entrepreneurs. We help great companies transform into global leaders. The Convergent investment process involves identifying proprietary platform and bolt-on opportunities, speed of execution and a relentless focus on performance improvement. The Convergent value investing approach believes in paying fair and reasonable valuations through bilaterally negotiated transactions.
Camlin Fine Sciences Limited, headquartered in Mumbai, India, specializes in the research, development, manufacture, and marketing of specialty chemicals and additive blends across various global markets, including India, North and Central America, Europe, and Asia. The company offers a diverse range of products, including shelf-life solutions like antioxidants and natural extracts that enhance the longevity of food and feed, marketed under the Xtendra and NaSure brands. Additionally, Camlin provides aroma ingredients such as vanillin and ethyl vanillin, and a variety of nutraceutical products derived from fermentation and green extraction. Its performance chemicals include hydroquinone and catechol, while its fine chemicals encompass a wide array of compounds. Furthermore, the company manufactures animal nutrition products, which include growth promoters and antimicrobials, with applications spanning the food and beverage, pharmaceutical, and petrochemical industries, among others. Established in 1931, Camlin Fine Sciences was previously known as Camlin Fine Chemicals Limited before rebranding in 2011.
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. It offers reliable, comfortable, and affordable short-haul flights, providing a cost-effective travel option for passengers. By emphasizing efficiency and accessibility, Fly91 aims to enhance connectivity within the region and meet the increasing demand for air travel.
Jagsonpal Pharmaceuticals
Post in 2022
Jagsonpal Pharmaceuticals is a pharmaceutical company that focuses on the development and manufacture of active pharmaceutical ingredients and formulations, including capsules and tablets. The company operates across several therapeutic segments, including gynecology, orthopedics, dermatology, and pediatrics. Jagsonpal Pharmaceuticals is particularly noted for its expertise in women's health and IVF specialization, as well as in pain management and general medicine. Its product portfolio includes well-known brands such as Lycored, Maintane, Metadec, Metabol, and Doxypal DR, reflecting its commitment to providing a diverse range of pharmaceutical solutions.
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 Renewables
Post in 2020
Borosil Renewables is a leading manufacturer of laboratory glassware and consumer glassware in India, primarily serving the pharmaceutical and healthcare sectors. The company produces a wide range of products, including laboratory instruments, disposable plastics, liquid handling systems, and specialized glassware for scientific and educational institutions. Borosil combines its expertise in specialty glass production with the experience of Klasspack in glass ampoule and tubular glass vial manufacturing, enhancing its offerings in pharmaceutical packaging. The firm operates through two main segments: Consumerware, which includes items for domestic use, and Scientificware, focused on laboratory and pharmaceutical applications. Borosil generates most of its revenue from the Indian market, positioning itself as a key player in both consumer and scientific glassware sectors.
ADF Foods
Post in 2020
ADF Foods Limited is an Indian company based in Mumbai that specializes in the manufacturing and trading of processed and preserved food products. Founded in 1932, it offers a diverse range of items, including ready-to-eat and ready-to-cook meals, frozen foods, pickles, chutneys, sauces, cooking pastes, and spices. The company's products cater to various markets and are sold under several brand names, including Ashoka, Truly Indian, Camel, Aeroplane, Soul, Nate's, and PJ's Organic. ADF Foods distributes its offerings through extensive networks across Europe, the United States, Canada, the Middle East, Asia, Australia, and New Zealand, as well as engaging in international exports.
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, headquartered in Mumbai, India, specializes in the research, development, manufacture, and marketing of specialty chemicals and additive blends across various global markets, including India, North and Central America, Europe, and Asia. The company offers a diverse range of products, including shelf-life solutions like antioxidants and natural extracts that enhance the longevity of food and feed, marketed under the Xtendra and NaSure brands. Additionally, Camlin provides aroma ingredients such as vanillin and ethyl vanillin, and a variety of nutraceutical products derived from fermentation and green extraction. Its performance chemicals include hydroquinone and catechol, while its fine chemicals encompass a wide array of compounds. Furthermore, the company manufactures animal nutrition products, which include growth promoters and antimicrobials, with applications spanning the food and beverage, pharmaceutical, and petrochemical industries, among others. Established in 1931, Camlin Fine Sciences was previously known as Camlin Fine Chemicals Limited before rebranding in 2011.
Jyoti International Foods
Private Equity Round in 2020
Jyoti International Foods specializes in supply chain management services tailored to the foodservice industry. The company offers comprehensive solutions that include logistics, distribution, warehousing, procurement planning, and vendor management. By focusing on the needs of quick-service restaurant chains, retail chains, and the food processing sector, Jyoti International Foods facilitates flexible distribution services, ensuring that its clients can efficiently manage their supply chains and meet the demands of their operations.
Hindustan Foods
Private Equity Round in 2019
Hindustan Foods Ltd, established in 1988, originated from a joint venture between the Dempo Group and Glaxo India Limited, focusing on the production of nutritional food products. In 2013, the Vanity Case Group acquired a controlling stake, leading to diversification into various FMCG categories beyond food, including cosmetics, personal care, and home care products. The company specializes in contract manufacturing, primarily serving the home care, personal care, food and beverages sectors, as well as job working for shoes. Hindustan Foods generates most of its revenue from the Indian market and aims to capitalize on the country's consumption trends through both organic growth and strategic acquisitions.
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