About Sincere Payment Solution Private Limited
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Sincere Payment Solution Private Limited is a private limited company based in Jansath, Uttar Pradesh, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 29 September 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U74999UP2020PTC135352. Its GSTIN is 09ABECS5457P1ZI (Uttar Pradesh).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹4 Lakh. It is led by directors Rakhi Rajvanshi and Shashikant.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Jansath, Uttar Pradesh.
As per the financials filed for FY 2022, the company reported a revenue of ₹14.17 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹3,963 (net margin 0.3%) and EBITDA of ₹16,594 (EBITDA margin 1.2%).
The company is associated with 1 brand: Sincere Payment Solution.
For more details, the company can be reached via its website sincerepay.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressShop Near Shiv Mandir, Eudd – II, Jansath, Uttar Pradesh, India – 251314
- IndustryFinancial Services, Digital Payment Solutions
- 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
- One PDF report, delivered after checkout
Associated Brands with Sincere Payment Solution Private Limited
Sincere Payment Solution operates one associated brand: Sincere Payment Solution. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive agent-based payment solutions for secure and efficient transactions. | sincerepay.in |
Competitors & Alternatives of Sincere Payment Solution Private Limited
Brands and companies operating in the same space as Sincere Payment Solution Private Limited include Pay Point India, Spice Money, Kaleidofin and 5 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Pay Point India | Digital financial and retail services are provided via agent networks. | Mumbai, India | 2007 |
 Spice Money | Digital payment and banking service provider in rural areas | Noida, India | 2000 |
 Kaleidofin | Provider of financial technology solutions for inclusive lending | Chennai, India | 2017 |
 PayNearby | Digital payment and banking services are facilitated via retail partnerships. | Mumbai, India | 2016 |
 FinQY | Technology platform for financial product distribution is provided. | Mumbai, India | 2019 |
 Dvara KGFS | Loans for consumers and SMEs are provided alongside financial services. | Chennai, India | 2008 |
 Suvidhaa | Tech-enabled financial and e-commerce services are delivered via retail outlets. | Mumbai, India | 2007 |
 Sub-K | Provider of digital financial services for underserved populations | Hyderabad, India | 2010 |
Business Activity of Sincere Payment Solution Private Limited
The main business activity of Sincere Payment Solution is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Sincere Payment Solution Private Limited
Sincere Payment Solution Private Limited is audited by SHUBHAM LOHIA & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SHUBHAM LOHIA & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Sincere Payment Solution Private Limited
Sincere Payment Solution has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shashikant | Additional Director | 22 Jun 2023 | 3 Years 3 Months | Current |
| Rakhi Rajvanshi | Director | 29 Sep 2020 | 6 Years 0 Months | Current |
Financials of Sincere Payment Solution Private Limited FY 2025 filings available
Sincere Payment Solution Private Limited reported revenue of ₹14.17 Lakh (up 512% YoY) for FY 2022.
Financial Statement Summary of Sincere Payment Solution Private Limited
| Metrics | FY 2021-22 | FY 2020-21 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹14.17 Lakh | •••• |
| Other Income | •••• | •••• |
| Total Revenue | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• |
| Employee Benefit Expense | •••• | •••• |
| Finance Costs | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• |
| Other Expenses | •••• | •••• |
| Total Expenses | •••• | •••• |
| EBITDA | ₹16,594 | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | ₹3,963 | •••• |
| 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 Payment Solution Private Limited
| Metrics | FY 2021-22 | FY 2020-21 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 1.2% | •••• |
| Net Profit Margin | 0.3% | •••• |
| 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 Payment Solution are in the company report.
Financial statements from FY 2021
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Sincere Payment Solution Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Sincere Payment Solution Private Limited
Sincere Payment Solution Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Sincere Payment Solution Private Limited
Sincere Payment Solution Private Limited has a workforce of 0 employees as of Apr 06, 2024.
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
Verified entity values are shown only after access is granted.
GST Compliance of Sincere Payment Solution Private Limited
Sincere Payment Solution has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09ABECS5457P1ZI | Uttar Pradesh | Active | 24 Nov 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Sincere Payment Solution Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Sincere Payment Solution Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Sincere Payment Solution Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Sincere Payment Solution Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Sincere Payment Solution Private Limited
Frequently Asked Questions about Sincere Payment Solution Private Limited
Sincere Payment Solution is an active private limited company based in Jansath, Uttar Pradesh, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 29 September 2020 (6+ years old) and is registered under CIN U74999UP2020PTC135352.
Sincere Payment Solution reported revenue of ₹14.17 Lakh for FY 2022 (up 512% YoY).
Sincere Payment Solution has 2 current directors:
- Shashikant - Additional Director
- Rakhi Rajvanshi - Director
Sincere Payment Solution reported a net profit of ₹3,963 (net margin 0.3%) and EBITDA of ₹16,594 (EBITDA margin 1.2%) for FY 2022, as per its filed financial statements.
The GSTIN of Sincere Payment Solution is 09ABECS5457P1ZI, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Sincere Payment Solution is U74999UP2020PTC135352. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sincere Payment Solution was incorporated on 29 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Kanpur.
Sincere Payment Solution can be reached through the website sincerepay.in. Its registered office is in Jansath, Uttar Pradesh, India.
The registered office of Sincere Payment Solution is at Shop Near Shiv Mandir, Eudd – II, Jansath, Uttar Pradesh, India – 251314.