Convergent Finance

Private Equity Maharashtra, India ·Founded 2018

Overview

Convergent Finance is a private equity firm based in Mumbai, India, focusing on growth investments and mid-market buyouts. The firm targets resilient, cash-generating businesses led by experienced teams, aiming to transform them into global leaders. Convergent seeks significant equity stakes to drive hands-on, transformative impact in both public and private companies. The firm's investment strategy emphasizes identifying proprietary platform and bolt-on opportunities, executing investments swiftly, and maintaining a relentless focus on performance improvement. Convergent's value investing approach involves paying fair and reasonable valuations through bilaterally negotiated transactions. Convergent Finance has a track record of investing over $2.5 billion over a twelve-year period. Notable investments include a 10% stake in ADF Foods Ltd for ₹100 crore in December 2020, a ₹70.2 crore investment in Onward Technologies Ltd in May 2021, and a ₹107 crore investment in Jyoti International Foods in June 2020. The firm has also exited investments with significant returns, such as a 2.2X return on its investment in SeQuent Scientific in December 2021.

Investment Focus

  • Resilient, cash-generating businesses led by experienced teams
  • Potential to become category leaders
  • Significant equity stakes for transformative impact

Portfolio Companies

ADF Foods LtdOnward Technologies LtdJyoti International FoodsSeQuent ScientificJagsonpal Pharmaceuticals LimitedHindustan Foods LimitedCamlin Fine Sciences LtdKapsons Group

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Frequently asked questions about Convergent Finance

What sectors does Convergent Finance invest in?

Convergent Finance invests in Technology, Pharmaceuticals, Chemicals, Aviation, Apparel and Food Processing, and is based in Maharashtra, India. Convergent Finance is listed as a private equity in the ConnectSafely investor database.

What stage does Convergent Finance invest at?

Convergent Finance backs companies at Growth, Buyout and Distressed, writing cheques of 10M - 18M.

Which regions does Convergent Finance invest in?

Convergent Finance invests across India.

What companies has Convergent Finance invested in?

Convergent Finance's portfolio includes ADF Foods Ltd, Onward Technologies Ltd, Jyoti International Foods, SeQuent Scientific, Jagsonpal Pharmaceuticals Limited, Hindustan Foods Limited, Camlin Fine Sciences Ltd and Kapsons Group.

Last updated · Source: ConnectSafely investor database