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

6 past transactions

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.
Jagsonpal Pharmaceuticals Ltd is a pharmaceutical company. It develops and manufactures active pharmaceutical ingredients and formulations like Capsule and Tablet. The company operates in the Gynaecology, Orthopaedics, Dermatology and Paediatric segments. Its brands comprise Lycored, Maintane, Metadec, Metabol, Doxypal DR, and others.

Onward Technologies

Post in 2021
Offering a variety of technology services, offshore/onshore development resources, virtual desktop solutions, and on-site strategic consulting for projects, and need to rapidly develop teams for tactical software projects.

ADF Foods

Post in 2020
ADF Foods Limited, founded in 1932 and based in Mumbai, India, specializes in manufacturing and selling a diverse range of food products. The company offers prepared ethnic foods, including ready-to-eat and ready-to-cook items, as well as sauces, pickles, pastes, dips, and frozen foods. ADF Foods markets its products under several brands, such as Ashoka, Truly Indian, Camel, Aeroplane, Soul, Nate’s, and PJ’s Organic. Its distribution networks extend across Europe, the United States, Canada, the Middle East, Asia, Australia, and New Zealand, with a significant focus on exports.
Camlin Fine Sciences Limited, headquartered in Mumbai, India, specializes in the research, development, manufacturing, and marketing of specialty chemicals and additive blend products. The company offers a range of shelf-life solutions, including antioxidants and natural extracts designed to enhance the longevity of food and feed products. Under its Xtendra and NaSure brands, it provides both synthetic and natural options, such as tocopherols and rosemary extract. Additionally, Camlin Fine Sciences produces aroma ingredients like vanillin and ethyl vanillin, as well as nutraceutical products derived from fermentation and green extraction methods, including vitamins and probiotics. The company also manufactures performance chemicals and various animal nutrition products, including antimicrobials and growth promoters. Its diverse product portfolio caters to multiple industries, such as food and beverage, pharmaceuticals, agrochemicals, and more. With a global presence that spans regions including North America, Europe, and Asia, Camlin Fine Sciences continues to expand its reach in the specialty chemicals market.

Hindustan Foods

Private Equity Round in 2019
HFL is established in 1988 as a result of Dempo Group’s foray into the FMCG segment through a joint venture with Glaxo India Limited, with the objective of manufacturing nutritional food products. In 2013, Vanity Case Group bought a controlling stake in Hindustan Foods Ltd. from Dempo Group of Goa and since then the company has diversified across various FMCG categories with manufacturing competencies in food and non-food, extending to cosmetics, personal care and home care products. It intends to continue leveraging the India’s consumption story through organic and inorganic expansion.
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