Convergent Finance

Convergent Finance is a private equity investment firm based in Mumbai, India, established in 2018. The firm specializes in making buyout and minority investments, focusing on identifying unique platform and bolt-on opportunities. Convergent aims to support innovative companies in their transformation into global leaders by combining ideas, capital, and entrepreneurial passion. The firm's investment strategy emphasizes a value investing approach, prioritizing fair and reasonable valuations through negotiated transactions. Additionally, Convergent is committed to a swift execution process and a continuous focus on enhancing performance within its portfolio companies.

Harsha Raghavan

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. 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.

Welspun

Post in 2021
Welspun is a diversified Indian conglomerate with a significant global presence, operating in the home textiles and steel pipe sectors. The company's home textiles division, Welspun Living, is Asia's largest and the world's second-largest terry towel producer, exporting to over 50 countries. It offers a wide range of products including towels, bath robes, bedding, and flooring, under brands like Christy and Spaces. Welspun's steel pipe division, Welspun Corp, is a leading manufacturer of welded line pipes, serving the global oil and gas industry. The company also operates in the infrastructure development sector, with a presence in roads, water, and oil & gas. Welspun employs over 26,000 people worldwide and has a strong reputation for quality and innovation.

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, established in 2010 and headquartered in Mumbai, India, is a leading manufacturer and exporter of laboratory glassware and consumer glassware products. The company operates through three segments: Scientificware, Consumerware, and Investments. Its Scientificware division specializes in producing a wide range of laboratory glassware, instruments, and equipment under the LabQuest brand, catering to the pharma, biotech, and educational sectors, among others. The Consumerware division offers a variety of consumer glassware products, including microwaveable kitchenware, dinner sets, and vacuum insulated flasks and bottles, sold under the Borosil brand. The company also engages in investment activities. Borosil Renewables sells its products through distributors, retail outlets, and online platforms, with a significant portion of its revenue generated from the Indian market. It exports to regions such as the Middle East, South East Asia, Africa, and the United States.

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 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 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 is an India-based company established in 1988, originally a joint venture between the Dempo Group and Glaxo India Limited focused on nutritional food products. In 2013, the Vanity Case Group acquired a controlling stake from the Dempo Group, leading to significant diversification within the fast-moving consumer goods (FMCG) sector. The company specializes in contract manufacturing across various categories, including home care, personal care, and food and beverages, as well as job work for shoes. Hindustan Foods primarily generates its revenue from the Indian market and aims to capitalize on the country's consumption trends through both organic growth and strategic acquisitions.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.