Sincere Business Services Pvt Ltd
About Sincere Business Services Pvt Ltd
Data last updated:
Sincere Business Services Pvt Ltd was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Silvassa Fibres Pvt Ltd. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the brokerage and trading services segment of the financial services sector. It was incorporated on 27 February 1992.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U70200MH1992PTC065637.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Virendra Jain and Rajesh Kumar Mundra.
Its last annual general meeting (AGM) was held on 04 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 82 Maker Chamber Iii8Th Floor Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2023, the company reported a revenue of ₹4.74 Lakh, a decline of 79% compared to the previous year. For the same year it recorded a net profit of ₹4.09 Lakh (net margin 86.4%) and EBITDA of ₹4.51 Lakh (EBITDA margin 95.1%). Revenue has grown at a compounded annual rate (CAGR) of 98% over three years and 118% over five years.
Company details
Contact details
Sincere Business Services Pvt Ltd's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address82 Maker Chamber Iii8Th Floor Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Sincere Business Services Pvt Ltd, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Sincere Business Services is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
Financials of Sincere Business Services Pvt Ltd
FY 2023 filings availableSincere Business Services Pvt Ltd reported revenue of ₹4.74 Lakh (down 79% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 79% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 118%. EBITDA fell 80% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹4.51 Lakh | ||||
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| Net Profit (PAT) | ₹4.09 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 95.1% | ||||
| Net Profit Margin | 86.4% | ||||
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To see the full financial statements and ratios of Sincere Business Services Pvt Ltd, buy the company report.
Board of directors of Sincere Business Services Pvt Ltd
Sincere Business Services has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Virendra Jain Also directs: Jai Corp Limited, Techfab (India) Industries Limited, Elixrr Industries Private Limited and 5 more | Director | 13 Mar 2023 | 3 Years 7 Months | As last reported |
| Rajesh Kumar Mundra Also directs: Kamachi Industries Limited, Aero Fibre Private Limited, Roopjyot Engineering Private Limited and 2 more | Additional Director | 13 Mar 2023 | 3 Years 7 Months | As last reported |
Auditor
Sincere Business Services Pvt Ltd is audited by JOY DALIA & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JOY DALIA & CO. | FY 2022 | 43863 |
Shareholding
The shareholding of Sincere Business Services Pvt Ltd is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sincere Business Services Pvt Ltd, buy the company report.
Legal cases
No court or tribunal cases involving Sincere Business Services Pvt Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sincere Business Services Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Sincere Business Services Pvt Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Sincere Business Services Pvt Ltd has 8 board changes on record since 2019: 2 appointments and 6 cessations. The latest: Virendra Jain ceased to be Additional Director on 03 Sep 2023.
Frequently asked questions
Sincere Business Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Sincere Business Services was a private limited company based in Mumbai, Maharashtra, India. The company worked in brokerage and trading services, within the financial services industry. It was incorporated on 27 February 1992 and is registered under CIN U70200MH1992PTC065637. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Sincere Business Services was incorporated on 27 February 1992. It is registered with the Registrar of Companies, Mumbai.
Sincere Business Services had 2 directors:
- Virendra Jain - Director
- Rajesh Kumar Mundra - Additional Director
The CIN (Corporate Identification Number) of Sincere Business Services is U70200MH1992PTC065637. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Sincere Business Services is at 82 Maker Chamber Iii8Th Floor Nariman Point, Mumbai, Maharashtra, India – 400021.
The latest financial statements of Sincere Business Services on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 04 September 2023. Year-wise statements from 2015 are in the company report.
Sincere Business Services operated in the financial services industry, in the brokerage and trading services segment.
Virendra Jain ceased to be Additional Director on 03 Sep 2023. Venugopalan Sekharan Kayarat ceased to be Director on 14 Mar 2023. Rajesh Kumar Mundra was appointed as Additional Director on 13 Mar 2023. Sincere Business Services has 8 board changes on record in total.
The compliance status of Sincere Business Services is compliant as of 22 August 2026.