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 6 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 5 peer companies in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.) are compared by revenue, 3 larger and 2 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
CIN U70101UP1993PTC237577
Registration Number 235601
Incorporation Date 13 September 1993
ROC Delhi
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-UP-01-0012571
CIN history
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
Sincere Developers Pvt. Ltd.'s registered office is in New Delhi, Delhi.
- Registered Address3/16 West Patel Nagar, New Delhi, Delhi, India – 110008
- IndustryTravel and Hospitality, Hotel & Accommodation Services
Comprehensive company report
Sincere Developers Pvt. Ltd. - one report that includes everything
- 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
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Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. |
To see the full business activity and turnover split of Sincere Developers Pvt. Ltd., buy the company report.
Financials of Sincere Developers Pvt. Ltd.
FY 2025 filings availableSincere 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)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹25.02 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.65 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| 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) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Sincere Developers Pvt. Ltd., buy the company report.
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 8 Months | Current |
| Alka Ladhani Also directs: Brindavan Agro Industries Private Limited | Director | 12 Mar 2014 | 12 Years 8 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 4 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 8 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 8 Months | Current |
| Lata Ladhani | Director | 01 Mar 2012 | 14 Years 8 Months | Current |
Peer comparison
Sincere Developers Pvt. Ltd. is compared with the 5 companies closest to it by revenue in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.), from the latest filed financials of each company.
| 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 | |||
| 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) | ₹11.65 Cr | 12.4% | 2.0% | New Delhi, Delhi, India | |
| Panchshil Hotels Private Limited | ₹93.95 Cr (FY 2025) | 22.0% | Mumbai, Maharashtra, India | |||
| Mahananda Spa and Resorts Private Limited | ₹93.4 Cr (FY 2025) | 25.0% | Tehri, Uttarakhand, India |
To see the full peer comparison of Sincere Developers Pvt. Ltd., buy the company report.
Charges & borrowings
Open charges
₹475.17 Cr
Satisfied charges
₹53 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jan 2024 | 100883580 | Hdfc Bank Limited | ₹25 Cr | Open | |
| 24 Jan 2024 | 100883576 | Hdfc Bank Limited | ₹35 Cr | Open | |
| 11 Nov 2022 | 100652411 | Hdfc Bank Limited | ₹18.07 Cr | Open | |
| 10 Aug 2011 | 10308811 | Hdfc Bank Limited | ₹397.1 Cr | Open | |
| 23 Feb 2022 | 100555583 | Others | ₹50 Cr | Satisfied |
To see the full charge records of Sincere Developers Pvt. Ltd., buy the company report.
Total charge records: 6 View all charges
Deals & funding
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 |
To see the full deal history of Sincere Developers Pvt. Ltd., buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sincere Developers Pvt. Ltd. has 9 court cases on record: 3 filed by Sincere Developers, 6 filed against it. 1 case is pending and 8 are disposed.
Total cases
9
Filed by the company
3
Filed against the company
6
Pending
1
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 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 Pvt Ltd | 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 |
| High Court, West Bengal | Writ petition | Filed by the company against Union of India and Ors. | Disposed |
To see the full case history of Sincere Developers Pvt. Ltd., buy the company report.
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.
Credit ratings & regulatory alerts
Sincere Developers Pvt. Ltd. was last rated by Crisil on 02 Jul 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 02 Jul 2020 |
To see the full credit ratings and regulatory alerts of Sincere Developers Pvt. Ltd., buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sincere Developers Pvt. Ltd.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
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 |
To see the full GST registrations and return filing status of Sincere Developers Pvt. Ltd., buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 6 current directors:
- Kaushalya Devi - Director
- Alka Ladhani - Director
- Ekansh Ladhani - Director
- Paritosh Ladhani - Director
- Gulab Chand - Director
- Lata Ladhani - Director
The latest financial statements of Sincere Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
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 6 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, Baani Technology Services Private Limited, Panchshil Hotels Private Limited, Mahananda Spa and Resorts Private Limited, all in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.).
Alka Ladhani was appointed as Director on 12 Mar 2014. Lata Ladhani was appointed as Director on 01 Mar 2012. Ekansh Ladhani ceased to be Additional Director on 30 Sep 2009. Sincere Developers has 9 board changes on record in total.
Yes, Sincere Developers is registered as a medium enterprise under Udyam registration (number: UDYAM-UP-01-0012571).
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