Convergence Energy Services Limited - Due diligence report

A 360° intelligence report on Convergence: trust score, financial health, credit view, compliance, directors, growth and distress signals - …

2020-10-29 New Delhi, Delhi Active Unlisted
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CE Convergence Energy Services Limited
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Convergence — 360° Intelligence Report

Generated from MCA filings & public records
64/100
Trust Score
Moderate

Convergence is assessed as Moderate with a Trust Score of 64/100. Convergence is an active public limited indian non-government company incorporated in 2020, operating in the Environment sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and moderate financial risk profile.

Report generated on 10 Aug 2026 from the latest processed filings. Convergence Energy Services Limited snapshot & full profile →

Financial Health › Good
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Strong

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreModerate
64/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
78/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
55/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
30/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 3 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 40/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.

Charges position: 1 open (15.18 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
State Bank Of India1 48.0 cr
Compliance Score: 78/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 2 court forum(s).
  • Delayed payments to MSME suppliers disclosed (28 disclosure(s)).
  • 26 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 30/100
NameDIN / PANDesignationAppointedTenureDIN status
YATINDRA DWIVEDI 01234567 Director 01/04/2018 6 yrs Approved
VISHAL KAPOOR 01234567 Director 01/04/2018 6 yrs Approved
JAGJEET SINGH DADIALA 01234567 Director 01/04/2018 6 yrs Approved
Jagjeet Singh Dadiala 01234567 Director 01/04/2018 6 yrs Approved
ABHISHEK SRIVASTAVA 01234567 Director 01/04/2018 6 yrs Approved
Aravind Babu 01234567 Director 01/04/2018 6 yrs Approved
Akhilesh Kumar Dixit 01234567 Director 01/04/2018 6 yrs Approved
SHANKAR GOPAL 01234567 Director 01/04/2018 6 yrs Approved
  • 8 directors on the board.
  • JAGJEET SINGH DADIALA has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 6 director exits in 3 years - high churn.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Energy Efficiency Services Limited
Subsidiaries
-
Group entities
-
Capital events
5 allotment(s) · 0 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Energy Efficiency Services Limited Holding Company 74.00%

Key managerial personnel: VISHAL KAPOOR (CEO) · JAGJEET SINGH DADIALA (CFO) · Jagjeet Singh Dadiala (CFO) · Akhilesh Kumar Dixit (CEO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 65
Growth signals & trust indicators
Revenue acceleration: +38% over 2 year(s).
Latest year revenue grew 1.42.
Asset base grew 2.1x - capacity expansion.
Operating for 5 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
4 director exits within 2 years.
1 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 3.54 cr.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence70/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment54/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 15.18 cr already registered.
  • Compliance record supports lending.
Investor view69/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
24 Nov 2025
Director appointed
Akhilesh Kumar Dixit (CEO)
24 Sep 2025
Last AGM held
Annual general meeting
23 Sep 2025
Director ceased
Aravind Babu
Director ceased
Akhilesh Kumar Dixit
18 Jul 2025
Director appointed
Aravind Babu (Nominee Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
24 Sep 2024
Director ceased
YATINDRA DWIVEDI
Director ceased
Anil Kumar Jadli
02 Feb 2024
Director appointed
YATINDRA DWIVEDI (Nominee Director)
19 Sep 2023
Director ceased
KUMAR RAVINDRA TYAGI
Director ceased
DILLIP KUMAR PATEL
29 May 2023
Charge created
State Bank Of India - 15.18 cr
15 Mar 2023
Director ceased
VISHAL KAPOOR
18 Jan 2023
Director appointed
VISHAL KAPOOR (CEO)
02 Nov 2022
Director ceased
ARUN KUMAR MISHRA
10

Key Observations

Auto-generated from the data above
Revenue grew 24% over the last 2 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
8 active director(s) / partner(s); review board churn before relying on management continuity.
26 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 5 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
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Topshop India Private Limited U51909DL1996PTC076596 New Delhi, Delhi, India
Rst Healthcare Private Limited U85100BR2015PTC024687 Patna, Bihar, India
Nismo Marketing Private Limited U51909KL2021PTC072483 Thamarassery, Kerala, India
Indiaqsrbrands U55209MH2019PTC320686 Mumbai, Maharashtra, India
Archis International Private Limited U25203DL2013PTC250484 New Delhi, Delhi, India
Kaveri Jewellers Private Limited U36911MH1996PTC100822 Mumbai, Maharashtra, India
K.C. Dass Fashion Private Limited U17120WB2008PTC124188 Kolkata, West Bengal, India
Kalyan Mobikes Private Limited U50401KL2005PTC018449 Thrichur, Kerala, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Convergence before audits and certifications: compliance score 78/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Convergence: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 85/100, margin trends, ownership structure and peer set for Convergence - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 64/100, distress signals and MSME payment-delay disclosures - know whether Convergence pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Convergence - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Convergence an active company?

Convergence has MCA status “Active” with a compliance score of 78/100 (Low Risk).

Is Convergence financially healthy?

Convergence has a Financial Health Score of 55/100 (Moderate) based on its filed financial statements.

Should I do business with Convergence?

Its overall Trust Score is 64/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Convergence?

The ultimate holding entity is Energy Efficiency Services Limited. 8 active director(s) are on record.

Does Convergence have loans or charges against its assets?

1 open charge(s) are registered against its assets.

Is Convergence up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 78/100 (Low Risk).

Is it risky to lend to Convergence?

Its Credit Risk Score is 40/100 (Caution Indicated). Banker verdict: Mixed indicators - deeper appraisal suggested.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.