The disclosure provides a multi-phase converter. The multi-phase converter includes a controller and one or more switches. The one or more switches are coupled to the controller, and configured to receive an input voltage. A switch of the one or more switches is activated by the controller in a predefined phase of N phases in the multi-phase converter, where N is a positive integer. A processing unit is coupled to the controller and estimates a number of phases to be activated based on a load current. The processing unit also stores a threshold current limit corresponding to each phase of the N phases based on the input voltage and a switching frequency.