About Sincere
Sincere is a Retail company based in Singapore (Singapore) founded in 1954. Singapores luxury watch retailer. The company has since been acquired. Its focus areas include Consumer Goods, Retail Chains, Fashion and Accessories. Its legal entity in India is Sincere Watch (India) Private Limited (U67120DL2007FTC160672).
Company details
Sincere was founded in 1954 in Singapore, where operations focus on the luxury goods sector. High-end watches are retailed through physical and online channels, with the domain sincere.com.sg supporting digital access. Services include sales of premium timepieces from various brands, catering to clientele in the region. The company maintains its headquarters and primary activities within Singapore, emphasizing retail in the horology industry.
- Headquarters Singapore, Singapore
- Stage Acquired
- SectorsRetail
- Website sincere.com.sg
- Social LinkedIn
- Acquired by JINBAILISHIYE Shenzhen Co., ltd. (Dec 2007)
- Legal Name Sincere Watch (India) Private Limited
- Date of Incorporation 19 Mar, 2007
- Jurisdiction New Delhi, Delhi, India
- Indian entity net loss-₹6.1 Lakh
FY 2023 · 0% margin
- Indian entity EBITDA-₹2.7 Lakh
FY 2023 · 0% margin
- InvestorsL Catterton
& 2 more
Associated legal entities of Sincere
Sincere operates through Sincere Watch (India) Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sincere Watch (India) Private Limited CIN U67120DL2007FTC160672 | Active | 19 Mar 2007 | New Delhi, Delhi | 3 | View details |
Funding Insights of Sincere
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Sincere with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2009 | Private Equity Round | – | – |
2 investors in total: 2 institutional.
Investors in Sincere
Sincere has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include L Catterton and JINBAILISHIYE Shenzhen Co., ltd.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
L Catterton is recognized as a leading consumer-focused private equity group. | lcatterton.com | Greenwich, United States | ||
| peacemark.com |
Investor details for Sincere
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Sincere Watch (India) Private Limited (Sincere)
Sincere Watch (India) Private Limited is the primary company behind Sincere. The board of Sincere Watch (India) Private Limited currently have 3 directors; the longest-serving is Mayank Chowdhary, appointed in 2018. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mayank Chowdhary DIN 08041327 | Director | 31 Jan 2018 | 8 yrs 9 mo | Sincere Watch (India) Private Limited |
| Rachna Jain DIN 09060649 | Director | 16 Mar 2021 | 5 yrs 7 mo | Sincere Watch (India) Private Limited |
| Chuen Tek Yu DIN 09114017 | Director | 19 Mar 2021 | 5 yrs 7 mo | Sincere Watch (India) Private Limited |
Financials of Sincere
Figures of Sincere Watch (India) Private Limited, the primary company behind Sincere, for FY 2023. Net loss was -₹6.1 Lakh (0% margin). EBITDA was -₹2.7 Lakh (0% margin). Revenue has grown at a compounded annual rate of -100% over three years and -100% over five years.
- -₹6.1 LakhNet loss · 0% margin
- -₹2.7 LakhEBITDA · 0% margin
- ₹4.72 CrPaid-up capital
- -100%Revenue CAGR, 3 years
- -100%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Sincere Watch (India) Private Limited are on its company page.
Detailed financial statements for Sincere
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Sincere
3 dated milestones of Sincere across 55 years, from founding to its latest funding, stage changes and deals.
- Founded Sincere is founded.
- Exit Acquired by JINBAILISHIYE Shenzhen Co., ltd..
- Funding First funding round.
Web traffic of Sincere
Websites that share an audience with Sincere (sincere.com.sg).
Websites whose visitors overlap most with Sincere. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| thehourglass.com | 100% | 241K | #136,815 | View details |
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Frequently Asked Questions about Sincere
Sincere was founded in 1954 and raised its 1st funding round 55 years after it was founded.
Sincere is headquartered in Singapore, Singapore.
Sincere was founded in 1954 in Singapore, where operations focus on the luxury goods sector. High-end watches are retailed through physical and online channels, with the domain sincere.com.sg supporting digital access. Services include sales of premium timepieces from various brands, catering to clientele in the region. The company maintains its headquarters and primary activities within Singapore, emphasizing retail in the horology industry.
Sincere has 2 investors. Key investors include L Catterton, and JINBAILISHIYE Shenzhen Co., ltd.
Sincere operates through Sincere Watch (India) Private Limited.
Yes. Sincere was acquired by JINBAILISHIYE Shenzhen Co., ltd. in December 2007.
The legal entities of Sincere currently have 3 directors, including Chuen Tek Yu, Rachna Jain, Mayank Chowdhary.