MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-UP-01-0012571
Sincere Developers Pvt. Ltd.
Sincere Developers Pvt. Ltd. - travel and hospitality in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹94.11 Cr
▲ 2% YoY
Net profit · FY 2025
₹11.65 Cr
Net margin 12.4%
EBITDA · FY 2025
₹25.02 Cr
EBITDA margin 26.6%
Authorised capital
₹8.5 Cr
Registered with MCA
Paid-up capital
₹7.91 Cr
Issued & subscribed
Open charges
₹475.17 Cr
Satisfied ₹53 Cr
Company age
33 yrs
Est. 1993
Employees · EPFO
263
Provident fund records
About Sincere Developers Pvt. Ltd.
Data last updated:
Sincere Developers Pvt. Ltd. is a private limited company based in New Delhi, Delhi, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 13 September 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U70101UP1993PTC237577. Its GSTIN is 09AABCE1738P2Z8 (Uttar Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹8.5 Cr and a paid-up capital of ₹7.91 Cr. It was formerly known as Excel Sales Private Limited. It is led by directors including Kaushalya Devi and Alka Ladhani.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 3/16 West Patel Nagar, New Delhi, Delhi, India – 110008.
As per the financials filed for FY 2025, the company reported a revenue of ₹94.11 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹11.65 Cr (net margin 12.4%) and EBITDA of ₹25.02 Cr (EBITDA margin 26.6%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 11% over five years.
The company has about 263 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹475.17 Cr and satisfied charges of ₹53 Cr on record. Court records list 9 cases involving the company, including 3 filed by the company and 5 filed against it; 1 case is pending. The company has 7 deals on record (3 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹20.46 Cr; the latest was in July 2017. Its 10 peer companies in the Consumer Services industry (Hotels) are compared by revenue, 5 larger and 5 smaller; the largest is Apa Hotels Private Limited with revenue of ₹95.47 Cr.
Sincere Developers Pvt. Ltd. is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-01-0012571). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Sincere Developers Pvt. Ltd.
CIN U70101UP1993PTC237577
Registration Number 235601
Incorporation Date 13 September 1993
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-UP-01-0012571
CIN History of Sincere Developers Pvt. Ltd.
Sincere Developers has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U70101UP1993PTC237577, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70101UP1993PTC237577 | Current |
| U70101DL1993PTC235601 | Previous |
| U70101WB1993PTC106484 | Previous |
Recognitions & Rankings of Sincere Developers
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address3/16 West Patel Nagar, New Delhi, Delhi, India – 110008
- IndustryTravel and Hospitality, Hotel & Accommodation Services
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Business Activity of Sincere Developers Pvt. Ltd.
The main business activity of Sincere Developers is accommodation and food service. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
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Financials of Sincere Developers Pvt. Ltd. FY 2025 filings available
Sincere Developers Pvt. Ltd. reported revenue of ₹94.11 Cr (up 2% YoY) for FY 2025.
Revenue · FY 2025
₹94.11 Cr ▲ 2%
Net profit · FY 2025
₹11.65 Cr margin 12.4%
EBITDA · FY 2025
₹25.02 Cr margin 26.6%
Compounded Annual Growth Rate (CAGR) of Sincere Developers Pvt. Ltd.
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 30%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▼ 20%
3 years · compounded
▲ 60%
5 years · compounded
▲ 14%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 2% growth in the latest year. EBITDA fell 20% 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 of Sincere Developers Pvt. Ltd.
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹25.02 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹11.65 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Sincere Developers Pvt. Ltd.
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 26.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 12.4% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Sincere Developers are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Sincere Developers Pvt. Ltd.
Sincere Developers has 6 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaushalya Devi Also directs: Brindavan Agro Industries Private Limited, Dossier Merchants Pvt Ltd, Swastik Snacks Private Limited and 1 more | Director | 01 Mar 2008 | 18 Years 7 Months | Current |
| Alka Ladhani Also directs: Brindavan Agro Industries Private Limited | Director | 12 Mar 2014 | 12 Years 7 Months | Current |
| Ekansh Ladhani Also directs: Brindavan Agro Industries Private Limited, Dossier Merchants Pvt Ltd, Swastik Snacks Private Limited and 2 more | Director | 09 Jul 2009 | 17 Years 3 Months | Current |
| Paritosh Ladhani Also directs: Brindavan Agro Industries Private Limited, LNK Green Energy Private Limited, Swastik Snacks Private Limited and 4 more | Director | 15 Mar 2004 | 22 Years 7 Months | Current |
| Gulab Chand Also directs: Brindavan Agro Industries Private Limited, LNK Green Energy Private Limited, Dossier Merchants Pvt Ltd and 1 more | Director | 15 Mar 2004 | 22 Years 7 Months | Current |
| Lata Ladhani | Director | 01 Mar 2012 | 14 Years 7 Months | Current |
Peer Comparison of Sincere Developers Pvt. Ltd.
Sincere Developers Pvt. Ltd. is compared with the companies closest to it by revenue in the Consumer Services industry (Hotels). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Apa Hotels Private Limited | ₹95.47 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Chennai, Tamil Nadu, India |
| Kga Hotels and Resorts Private Limited | ₹95.47 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Ernakulam, Kerala, India |
| NRV Hospitality Private Limited | ₹94.8 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Ludhiana, Punjab, India |
| Bonvoy Hotels & Resorts India Private Limited | ₹94.52 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Gurugram, Haryana, India |
| Baani Technology Services Private Limited | ₹94.45 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | New Delhi, Delhi, India |
| Sincere Developers Pvt. Ltd. this company | ₹94.11 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | New Delhi, Delhi, India |
| Panchshil Hotels Private Limited | ₹93.95 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Mumbai, Maharashtra, India |
| Jaksons Developers Private Limited | ₹93.7 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Delhi, India |
| Natio Healthcare LLP | ₹93.61 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Vellore, Tamil Nadu, India |
| Mahananda Spa and Resorts Private Limited | ₹93.4 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Tehri, Uttarakhand, India |
| Mehak E Punjab Tour and Travel Private Limited | ₹92.88 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Sincere Developers by revenue in the Consumer Services industry (Hotels), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Sincere Developers Pvt. Ltd.
Open charges
₹475.17 Cr
Satisfied charges
₹53 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Jan 2024 | Hdfc Bank Limited | ₹25 Cr | Open |
| 24 Jan 2024 | Hdfc Bank Limited | ₹35 Cr | Open |
| 11 Nov 2022 | Hdfc Bank Limited | ₹18.07 Cr | Open |
| 10 Aug 2011 | Hdfc Bank Limited | ₹397.1 Cr | Open |
| 23 Feb 2022 | Others | ₹50 Cr | Satisfied |
Total charge records: 6 View all charges
Deals & Funding of Sincere Developers Pvt. Ltd.
Sincere Developers Pvt. Ltd. has 7 deals on record (3 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹20.46 Cr; the latest was in July 2017.
Total deals
7
Funding rounds
3
Rights issues
2
Secondary share transfers
2
Disclosed funding
₹20.46 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2017 | Rights issue | ₹4.5 Cr | Investors: Active Tradecom Private Limited, Monopoly Vincom Private Limited , Royal Bussiness Innovatives Private Limited |
| Apr 2014 | Rights issue | ₹28.91 Cr | Investors: Anjaniputra Tracom Private Limited , Sarthak Business System Private Limited , Abhinav Vinimay Pvt Ltd |
| Dec 2010 | Funding round | ₹10.7 Cr | Investors: Brindavan Agro Industries Private Limited , 3 individuals |
| Mar 2009 | Funding round | ₹8.34 Cr | Investors: Shivalik Merchant Private Limited , Dossier Merchants Pvt Ltd , Abhijit Bhadhuri Enterprises Limited |
| Aug 2008 | Secondary share transfer | Undisclosed | Buyer: Brindavan Agro Industries Private Limited , 2 individuals Seller: Abhijit Bhadhuri Enterprises Limited , Abhinav Vinimay Pvt Ltd |
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Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Sincere Developers Pvt. Ltd.
Sincere Developers Pvt. Ltd. has 9 court cases on record: 3 filed by Sincere Developers, 5 filed against it, 1 where it is another party. 1 case is pending and 8 are disposed. Status as checked between 30 Sep 2026 and 04 Oct 2026.
Total cases
9
Filed by the company
3
Filed against the company
5
Pending
1
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 5 | 1 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North West, Delhi | Court case (OMP (MISC.) (COMM.)) | Filed against the company by Mec Electric Contracts Private Limited | Disposed |
| District court, Agra, Uttar Pradesh | Criminal miscellaneous application | Filed against the company by Up State | Pending |
| District court, Mathura, Uttar Pradesh | Court case (Motar Vehicle Act) | Filed against the company by State Government | Disposed |
| District court, Agra, Uttar Pradesh | Criminal miscellaneous application | Filed against the company by Up State | Disposed |
| Calcutta High Court | Writ petition | Filed by the company against Union of India | Disposed |
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Full case history
All 9 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at Sincere Developers Pvt. Ltd.
Employment history and EPFO contributions of people linked to Sincere Developers.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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Recent Activity on Sincere Developers Pvt. Ltd.
Sincere Developers Pvt. Ltd. has 9 board changes on record since 2004: 6 appointments and 3 cessations. The latest: Alka Ladhani was appointed as Director on 12 Mar 2014.
AGM
Sincere Developers Pvt. Ltd. last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 397.10 Cr registered on 10 Aug 2011 with Charge ID 10308811 was modified on 28 Apr 2025.
Filing
Sincere Developers Pvt. Ltd. has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Charges
A charge with Hdfc Bank Limited of Rs. 25.00 Cr registered on 24 Jan 2024 with Charge ID 100883580 was modified on 20 Apr 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 35.00 Cr registered on 24 Jan 2024 with Charge ID 100883576 was modified on 20 Apr 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 25.00 Cr with Charge ID 100883580 was registered on 24 Jan 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 35.00 Cr with Charge ID 100883576 was registered on 24 Jan 2024.
Charges
A charge registered on 23 Feb 2022 via Charge ID 100555583 with Others was fully satisfied on 01 Aug 2023.
Charges
A charge with Hdfc Bank Limited of Rs. 18.07 Cr registered on 11 Nov 2022 with Charge ID 100652411 was modified on 09 Dec 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 18.07 Cr with Charge ID 100652411 was registered on 11 Nov 2022.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100555583 was registered on 23 Feb 2022.
Appointed
Alka Ladhani was appointed as Director.
13 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Sincere Developers Pvt. Ltd.
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Sincere Developers Pvt. Ltd.
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Sincere Developers Pvt. Ltd.
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Sincere Developers Pvt. Ltd.
Sincere Developers has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AABCE1738P2Z8 | Uttar Pradesh | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Sincere Developers Pvt. Ltd.
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Sincere Developers Pvt. Ltd.
Sincere Developers is an active private limited company based in New Delhi, Delhi, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 13 September 1993 (33+ years old) and is registered under CIN U70101UP1993PTC237577.
Sincere Developers reported revenue of ₹94.11 Cr for FY 2025 (up 2% YoY).
Sincere Developers has 6 current directors:
- Kaushalya Devi - Director
- Alka Ladhani - Director
- Ekansh Ladhani - Director
- Paritosh Ladhani - Director
- Gulab Chand - Director
- Lata Ladhani - Director
Sincere Developers reported a net profit of ₹11.65 Cr (net margin 12.4%) and EBITDA of ₹25.02 Cr (EBITDA margin 26.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sincere Developers is 30% over three years and 11% over five years. In the latest year (FY 2025) revenue rose 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sincere Developers is 09AABCE1738P2Z8, registered in Uttar Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Sincere Developers is U70101UP1993PTC237577. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sincere Developers has 9 court cases on record: 3 filed by the company and 5 filed against it. 1 is pending. Most are in the district courts.
Sincere Developers was incorporated on 13 September 1993, making it 33+ years old. It is registered with the Registrar of Companies, Delhi.
Sincere Developers has 7 deals on record (3 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹20.46 Cr; the latest was in July 2017.
The peers of Sincere Developers by revenue are Apa Hotels Private Limited, Kga Hotels and Resorts Private Limited, NRV Hospitality Private Limited, Bonvoy Hotels & Resorts India Private Limited, Baani Technology Services Private Limited and 5 more, all in the Consumer Services industry (Hotels).