Sincere Securities Private Limited
About Sincere Securities Private Limited
Data last updated:
Sincere Securities Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 28 October 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51109WB1996PTC081875.
The company has an authorised share capital of ₹1.44 Cr and a paid-up capital of ₹1.34 Cr. It was formerly known as Sincere Securities Ltd. It is led by directors Bhagwan Das Agarwal and Bhavika Agarwal.
Its last annual general meeting (AGM) was held on 04 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C/O Sincere 12 B.B.D.Bagh (East) 1st Floor, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.59 Cr, a decline of 38% compared to the previous year. For the same year it recorded a net profit of ₹61.59 Lakh (net margin 11%) and EBITDA of ₹76.35 Lakh (EBITDA margin 13.7%). Revenue has grown at a compounded annual rate (CAGR) of 232% over three years and 73% over five years.
As per MCA filings, the company has satisfied charges of ₹10 Cr on record. Court records list 9 cases involving the company, including 7 filed by the company and 2 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Sincere Securities has one previous CIN (Corporate Identification Number): U51109WB1996PLC081875. The current CIN is U51109WB1996PTC081875, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51109WB1996PTC081875 | Current |
| U51109WB1996PLC081875 | Previous |
Contact details
Sincere Securities Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC/O Sincere 12 B.B.D.Bagh (East) 1st Floor, Kolkata, West Bengal, India – 700001
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Sincere Securities Private Limited, 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 Securities 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 |
To see the full business activity and turnover split of Sincere Securities Private Limited, buy the company report.
Financials of Sincere Securities Private Limited
FY 2025 filings availableSincere Securities Private Limited reported revenue of ₹5.59 Cr (down 38% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 38% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 73%. EBITDA fell 9% 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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| Total Expenses | |||||
| EBITDA | ₹76.35 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹61.59 Lakh | ||||
| 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 | 13.7% | ||||
| Net Profit Margin | 11% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Sincere Securities Private Limited, buy the company report.
Board of directors of Sincere Securities Private Limited
Sincere Securities has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhagwan Das Agarwal | Director | 03 Apr 2010 | 16 Years 6 Months | Current |
| Bhavika Agarwal | Director | 04 Sep 2017 | 9 Years 1 Months | Current |
Peer comparison
Sincere Securities Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Good Luck Financial Inclusion Private Limited | ₹5.6 Cr (FY 2025) | -2.0% | Delhi, India | |||
| Sincere Securities Private Limitedthis company | ₹5.59 Cr (FY 2025) | ₹61.59 Lakh | 11% | -38.0% | Kolkata, West Bengal, India | |
| Bhagwati Securities Pvt. Ltd. | ₹5.57 Cr (FY 2025) | -26.0% | Kolkata, West Bengal, India | |||
| MGM Financiers Private Limited | ₹5.55 Cr (FY 2025) | 87.0% | Ludhiana, Punjab, India |
To see the full peer comparison of Sincere Securities Private Limited, buy the company report.
Auditor
Sincere Securities Private Limited is audited by SOMANI & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SOMANI & CO | FY 2021 | 011597N |
Shareholding
The shareholding of Sincere Securities Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sincere Securities Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2016 | 100073439 | Others | ₹10 Cr | Satisfied |
To see the full charge records of Sincere Securities Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Sincere Securities Private Limited has 9 court cases on record: 7 filed by Sincere Securities, 2 filed against it. 2 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 1 | 2 |
| NCLT | 2 | 1 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, West Bengal | Arbitration matter | Filed by the company against Akshara Bhawan Pvt Ltd. and Ors. | Disposed |
| District court, Central, Delhi | Court case (T.P. C) | Filed by the company against Nandini Impex Pvt. Ltd. and 4 others | Disposed |
| NCLT, Kolkata | Company petition | Filed by the company against Newton Weighing System Private Limited and 10 others | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Akshara Bhawan Pvt Ltd and 6 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by individuals | Pending |
To see the full case history of Sincere Securities Private Limited, 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sincere Securities Private Limited; 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 Securities Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Sincere Securities Private Limited has 12 board changes on record since 1996: 7 appointments and 5 cessations. The latest: Swarup Kumar Dey ceased to be Director on 05 Dec 2017.
5 earlier events are in the company report.
Frequently asked questions
Sincere Securities is an active private limited company based in Kolkata, West Bengal, India. The company works in nbfc, within the financial services industry. It was incorporated on 28 October 1996 (30+ years old) and is registered under CIN U51109WB1996PTC081875.
Sincere Securities has 2 current directors:
- Bhagwan Das Agarwal - Director
- Bhavika Agarwal - Director
The latest financial statements of Sincere Securities on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 04 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sincere Securities is U51109WB1996PTC081875. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sincere Securities has 9 court cases on record: 7 filed by the company and 2 filed against it. 2 are pending. Most are in the district courts.
Sincere Securities was incorporated on 28 October 1996, making it 30+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Sincere Securities by revenue are Good Luck Financial Inclusion Private Limited, Bhagwati Securities Pvt. Ltd, MGM Financiers Private Limited, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Swarup Kumar Dey ceased to be Director on 05 Dec 2017. Bhavika Agarwal was appointed as Director on 04 Sep 2017. Biswanath Basak ceased to be Director on 04 Sep 2017. Sincere Securities has 12 board changes on record in total.
The registered office of Sincere Securities is at CO Sincere 12 B.B.D.Bagh East 1st Floor, Kolkata, West Bengal, India – 700001.
Sincere Securities operates in the financial services industry, in the nbfc segment.
Sincere Securities has no open charges and satisfied charges of ₹10 Cr as per latest MCA filings.
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