Hi @panditashwad,
without having a closer look at your project, I would recommend reading the following post/documentation page:
• Maximum Number of Iterations Exceeded - Solution by @gholami
• Documentation - Event log warnings and errors
Do you intend to simulate the whole component or just a part of it? Just to be sure.
Maybe @dheiny has some good extra tips that might help you.
Best,
Jousef