Atomically thin graphene layers can act as a spin-sink material when adjacent to a nanoscale magnetic surface. The enhancement in the extrinsic spin−orbit coupling (SOC) strength of graphene plays an important role in absorbing the spin angular momentum injected from the magnetic surface after perturbation with an external stimulus. As a result, the dynamics of the excited spin system is modified within the magnetic layer. In this paper, we demonstrate the modulation of ultrafast magnetization dynamics at graphene/ferrimagnet interfaces using the time-resolved magneto-optical Kerr effect (TRMOKE) technique. Magnetically modified interfaces with a systematic increase in the number of graphene layers coupled with the 10 nm-thick Co 74 Gd 26 layer are studied. We find that the variation in the dynamical parameters, i.e., ultrafast demagnetization time, remagnetization times, decay time, effective damping, precessional frequency, etc., observed at different time scales is interconnected. The demagnetization time and decay time for the ferrimagnet become approximately two times faster than the corresponding intrinsic values. We found a possible correlation between the demagnetization time and damping. The effect is more pronounced for the interfaces with monolayer graphene and graphite. The spin-mixing conductance is found to be approximately 0.8 × 10 15 cm −2 . The effect of SOC, pure spin current, the appearance of structural defects, and thermal properties at the graphene/ferrimagnet interface are responsible for the modifications of several dynamical parameters. This work demonstrates some important properties of the graphene/ferrimagnet interface which may unravel the possibilities of designing spintronic devices with elevated performance in the future.