Montecarlo Profile
Key Indicators
- Authorised Capital ₹ 125.00 Cr
- Paid Up Capital ₹ 85.50 Cr
- Company Age 30 Year, 8 Days
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 7,999.29 Cr
- Satisfied Charges ₹ 891.73 Cr
- Revenue Growth 12.01%
- Profit Growth 14.14%
- Ebitda 26.27%
- Net Worth 16.28%
- Total Assets 26.85%
About Montecarlo
Montecarlo Limited (ML) is a leading Public Limited Indian Non-Government Company incorporated in India on 20 March 1995 and has a history of 30 years. Its registered office is in Ahmedabad, Gujarat, India.
The Corporate was formerly known as Montecarlo Construction Limited. The Company is engaged in the Infrastructure And Utilities Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 125.00 Cr and a paid-up capital of Rs 85.50 Cr.
The company currently has active open charges totaling ₹7,999.29 Cr. The company has closed loans amounting to ₹891.73 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Montecarlo Limited India are Shreyan Shah as CFO and Kalpesh Desai as Company Secretary. Suhas Joshi, Nareshkumar Suthar, Dipak Palkar, and Five other members serve as directors at the Company.
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U40300GJ1995PLC025082
- Company No.
025082
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
20 Mar 1995
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Infrastructure and Utilities
What products or services does Montecarlo Limited offer?
Montecarlo Limited offers a wide range of products and services, including Brick Making Machines, Second Hand Fly Ash Brick Making Machine, Excavator and Earth Moving Machinery, Bulldozer, Building & Construction Machines, Crushing Machines & Plants, Industrial Construction Service, Factory Construction Service.
Who are the key members and board of directors at Montecarlo?
Executive Team (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Kalpesh Desai  | Company Secretary | 01-Jun-2016 | Current |
| Shreyan Shah | CFO | 07-Mar-2024 | Current |
| Mrunal Patel | Managing Director | 23-Jan-2002 | Current |
| Brijesh Patel | Managing Director | 02-Mar-1998 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Suhas Joshi | Whole-Time Director | 26-Jun-2013 | Current |
| Nareshkumar Suthar | Whole-Time Director | 01-Oct-2009 | Current |
| Dipak Palkar | Director | 17-Feb-2018 | Current |
| Purvi Parikh | Director | 28-Jun-2023 | Current |
| Suresh Patel | Director | 26-Dec-2022 | Current |
| Kanubhai Patel | Director | 01-Oct-2009 | Current |
Financial Performance of Montecarlo.
Montecarlo Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 12.01% increase. The company also saw a substantial improvement in profitability, with a 14.14% increase in profit. The company's net worth Soared by an impressive increase of 16.28%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Montecarlo?
In 2023, Montecarlo had a promoter holding of 99.98% and a public holding of 0.02%. The company had 15 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Simhapuri Expressway LimitedPurvi Parikh is a mutual person
- Montecarlo Projects Limited
Suhas Joshi, Mrunal Patel and 1 more are mutual person
- Montecarlo Munger Mirzachauki 1 Highway Private Limited
Suhas Joshi and Nareshkumar Suthar are mutual person
- Montecarlo Hubli Haveri Highway Private Limited
Suhas Joshi and Nareshkumar Suthar are mutual person
- Montecarlo Barjora Mining Private Limited
Nareshkumar Suthar is a mutual person
- Montecarlo Amravati Chikhli Highway Private Limited
Nareshkumar Suthar is a mutual person
Charges (Loans)
Open Charges
₹7,999.29 Cr
Satisfied Charges
₹891.73 Cr
Charges Breakdown by Lending Institutions
- Idbi Trusteeship Services Limited : 7600.00 Cr
- Others : 239.19 Cr
- Hdfc Bank Limited : 131.96 Cr
- Yes Bank Limited : 17.98 Cr
- Axis Bank Limited : 10.17 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Dec 2024 | Axis Bank Limited | ₹1.05 M | Open |
| 28 Nov 2024 | Axis Bank Limited | ₹1.94 M | Open |
| 21 Nov 2024 | Hdfc Bank Limited | ₹0.92 M | Open |
| 30 Oct 2024 | Axis Bank Limited | ₹2.09 M | Open |
| 24 Oct 2024 | Hdfc Bank Limited | ₹3.10 M | Open |
How Many Employees Work at Montecarlo?
Montecarlo has a workforce of 4528 employees as of Apr 10, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Montecarlo, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Montecarlo's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Montecarlo
Recent activity within the organization
- Charges
A charge with Axis Bank Limited amounted to Rs. 0.10 Cr with Charge ID 101021687 was registered on 23 Dec 2024.
- Charges
A charge with Axis Bank Limited amounted to Rs. 0.19 Cr with Charge ID 101017642 was registered on 28 Nov 2024.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.09 Cr with Charge ID 101013933 was registered on 21 Nov 2024.
- Charges
A charge with Axis Bank Limited amounted to Rs. 0.21 Cr with Charge ID 101003655 was registered on 30 Oct 2024.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.31 Cr with Charge ID 100994911 was registered on 24 Oct 2024.
- Annual General Meeting
Montecarlo Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Recent News, Updates & Announcement
- CyanConnode Holdings Wins Second Significant Order from Montecarlo Ltd.
CyanConnode Holdings Wins Second Significant Order from Montecarlo Ltd.
- Montecarlo Ltd Plans Rs 550 Crore IPO, Aims to Fund Projects and Expand with Support from Top Financial Firms.
Montecarlo Ltd wants to raise Rs 550 crore through IPO. They will issue new shares worth Rs 450 crore and sell 30 lakh shares from existing shareholder Kanubhai M Patel Trust. They may also do a pre-IPO placement for Rs 100 crore. The IPO is expected to fetch Rs 550 crore and the money will be used for projects and other purposes. Edelweiss Financial Services, Axis Capital, and HDFC Bank will manage the IPO. Montecarlo has completed 67 projects in 20 years. They had approval for IPO in 2018 but didn't launch it. Now they have to refile for approval..
- Sembcorp Energy, Montecarlo get Sebi's go-ahead for IPO.
Sembcorp Energy had approached the regulator in February seeking its clearance for the IPO, while Montecarlo had filed its draft papers with Sebi in May.
- Montecarlo files papers for Rs 550 crore IPO with Sebi.
The IPO comprises fresh issuance of shares worth Rs 450 crore besides an offer for sale of up to 30 lakh equity stocks..
- Montecarlo eyes up to $100 million through IPO, appoints investment bank | Mint.
Montecarlo has appointed Edeweiss Financial Services to start work on the proposed IPO, through which it seeks to raise around Rs500-600 crore.
Frequently asked questions
What is the Incorporation or founding date of Montecarlo Limited?
Montecarlo Limited was incorporated on 20 Mar 1995.
What is authorized share capital and paid-up capital of Montecarlo Limited?
The authorized share capital of Montecarlo Limited is ₹ 125.00 Cr and paid-up capital is ₹ 85.50 Cr.
Who are the current board members & directors of Montecarlo Limited?
Currently 10 directors are associated with Montecarlo Limited.
- Shreyan Dipakbhai Shah
- Suhas Vasantrao Joshi
- Nareshkumar Pranshankar Suthar
- Dipak Kamlakar Palkar
- Purvi Sushil Parikh
- Suresh Natwarlal Patel
- Kalpesh Punamchand Desai
- Kanubhai Mafatlal Patel
- Mrunal Kanubhai Patel
- Brijesh Kanubhai Patel
What is the registered address of Montecarlo Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Montecarlo Limited is Montecarlo House Sindhu Bhavan Road Bodakdev, India, Ahmedabad, Gujarat, 380058.
What is the corporate identification number (CIN) and company number of Montecarlo Limited?
The corporate identification number (CIN) of Montecarlo Limited is U40300GJ1995PLC025082 and the company number is 025082 as per Ministry of Corporate Affairs (MCA).
What is the official website of Montecarlo Limited?
The Official website of Montecarlo Limited is https://www.mclindia.com
What has been the recent revenue trend for Montecarlo Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Montecarlo Limited has risen by 12.01%.
How many employees does Montecarlo Limited currently have?
As Per 2023 financial reports, 4528 employees are currently employed by Montecarlo Limited.
What change has been observed in the net worth of Montecarlo Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Montecarlo Limited has experienced an upsurge of 16.28%.
What are the total open charges for Montecarlo Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Montecarlo Limited amount to ₹ 7,999.29 Cr.
When was the last Balance Sheet of Montecarlo Limited filed with the ROC?
The most recent Balance Sheet for Montecarlo Limited was filed with the ROC on 31 Mar 2024.
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