About Montecarlo Projects Limited
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Montecarlo Projects Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Montecarlo Limited. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 18 August 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45303GJ2016PLC093407. Its GSTIN is 24AAKCM5228P1ZZ (Gujarat). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Montecarlo Projects India Limited. It is led by directors including Suhas Vasantrao Joshi and Brijesh Kanubhai Patel.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Montecarlo House Sindhu Bhavan Road Bodakdev, Ahmedabad, Gujarat, India – 380058.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,956.44 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹221.91 Cr (net margin 7.5%) and EBITDA of ₹521.96 Cr (EBITDA margin 17.7%).
The company has about 28 employees on its provident fund (EPFO) records. Its group structure includes 13 subsidiaries.
The company is associated with 1 brand: Montecarlo. As per MCA filings, the company has open charges of ₹6,607.3 Cr and satisfied charges of ₹1,275.75 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mclindia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressMontecarlo House Sindhu Bhavan Road Bodakdev, Ahmedabad, Gujarat, India – 380058
- IndustryInfrastructure and Utilities, General Infrastructure Services
- 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
Business Activity of Montecarlo Projects Limited
The main business activity of Montecarlo Projects is construction. In detail, this covers roads, railways, utility projects.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | 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.
Financials of Montecarlo Projects Limited FY 2025 filings available
Montecarlo Projects Limited reported revenue of ₹2,956.44 Cr (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Montecarlo Projects Limited
Revenue rose 12% in the latest year. EBITDA rose 35% 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 Montecarlo Projects Limited
| 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 | ₹521.96 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹221.91 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Montecarlo Projects Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.5% | •••• | •••• | •••• | •••• |
| 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 Montecarlo Projects are in the company report.
Financial statements from FY 2017
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.
Peer Comparison of Montecarlo Projects Limited
Montecarlo Projects Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Infrastructure Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| KNR Constructions Limited Listed | •••• | •••• | •••• | •••• | 606 | Hyderabad, Telangana, India |
| Hindustan Infralog Private Limited | •••• | •••• | •••• | •••• | 261 | Mumbai, Maharashtra, India |
| Delta Electronics India Private Limited | •••• | •••• | •••• | •••• | 15 | Chennai, Tamil Nadu, India |
| Pan India Infraprojects Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Raiden Infotech India Private Limited | •••• | •••• | •••• | •••• | 103 | Mumbai, Maharashtra, India |
| Montecarlo Projects Limited this company | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Reliance Corporate IT Park Limited | •••• | •••• | •••• | •••• | 2,233 | Ahmedabad, Gujarat, India |
| Jitf Urban Infrastructure Services Limited | •••• | •••• | •••• | •••• | - | Dharsiwa, Chattisgarh, India |
| Jitf Infralogistics Limited Listed | •••• | •••• | •••• | •••• | - | Dharsiwa, Chattisgarh, India |
| Tata Steel Utilities and Infrastructure Services Limited | •••• | •••• | •••• | •••• | 200 | Jamshedpur, Jharkhand, India |
| Smartgen Infra Private Limited | •••• | •••• | •••• | •••• | - | Shaikpet, Telangana, India |
Peers are the five companies nearest above and the five nearest below Montecarlo Projects by revenue in the Infrastructure industry (Infrastructure Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Montecarlo Projects Limited
Montecarlo Projects Limited is audited by T R CHADHA CO & LLP for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| T R CHADHA CO & LLP | 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 Montecarlo Projects Limited
Montecarlo Projects has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suhas Vasantrao Joshi Also directs: Montecarlo Energy Limited, Montecarlo Limited, Montecarlo Hadapsar Yevat Highway Private Limited and 1 more | Director | 05 Apr 2022 | 4 Years 6 Months | Current |
| Brijesh Kanubhai Patel Also directs: Montecarlo Asset Holdings LLP, Montecarlo Realty LLP, Montecarlo Enterprises Private Limited and 5 more | Director | 18 Aug 2016 | 10 Years 1 Months | Current |
| Mrunal Kanubhai Patel Also directs: Montecarlo Asset Holdings LLP, Montecarlo Realty LLP, Montecarlo Enterprises Private Limited and 5 more | Director | 18 Aug 2016 | 10 Years 1 Months | Current |
Ownership and Shareholding of Montecarlo Projects 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 Montecarlo Projects Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Aug 2024 | Sbicap Trustee Company Limited | ₹1,532.95 Cr | Open |
| 12 Aug 2024 | Others | ₹399.89 Cr | Open |
| 26 Mar 2024 | Others | ₹367.31 Cr | Open |
| 16 Jan 2024 | Others | ₹532.83 Cr | Open |
| 27 Sep 2023 | Others | ₹534.8 Cr | Open |
Total charge records: 15 View all charges
Legal Cases of Montecarlo Projects Limited
Montecarlo Projects Limited has 2 court cases on record: 2 filed by Montecarlo Projects. All cases are disposed. Status as checked between 01 Oct 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 0 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Patna High Court | Court case (CWJC) | Filed by the company against North Bihar Power Distribution Company Limited | Disposed |
| Supreme Court | Appeal | Filed by the company against North Bihar Power Distribution Company Limited | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Montecarlo Projects Limited
Montecarlo Projects operates one associated brand: Montecarlo. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Infrastructure firm constructing highways, railways, mining, and energy projects. | mclindia.com |
Employees and EPFO Compliance at Montecarlo Projects Limited
Montecarlo Projects Limited has a workforce of 28 employees as of Mar 28, 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.
Group Structure of Montecarlo Projects Limited
Montecarlo Projects has 13 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Montecarlo Hura Mining Private Limited | U10100GJ2022PTC136635 | Locked |
| Montecarlo Barjora Mining Private Limited | U10300GJ2016PTC093311 | Locked |
| Montecarlo Jabalpur Smart Metering Private Limited | U40300GJ2022PTC136709 | Locked |
| Montecarlo Bangalore Chennai Expressway P2p1 Private Limited | U45201GJ2021PTC125910 | Locked |
| Montecarlo Balagondapalli Highway Private Limited | U45201GJ2022PTC130914 | Locked |
| Montecarlo Munger Mirzachauki 1 Highway Private Limited | U45203GJ2021PTC121099 | Locked |
Showing major subsidiaries. Total: 13.
News related to Montecarlo Projects Limited
Recent Activity on Montecarlo Projects Limited
Montecarlo Projects Limited has 6 board changes on record since 2016: 3 appointments and 3 cessations. The latest: Suhas Vasantrao Joshi ceased to be Additional Director on 29 Sep 2022.
26 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Montecarlo Projects 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 Montecarlo Projects 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 Montecarlo Projects 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.
GST Compliance of Montecarlo Projects Limited
Montecarlo Projects has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCM5228P1ZZ | Gujarat | Active | 01 Jul 2017 |
| 21AAKCM5228P1Z5 | Odisha | Active | 20 Oct 2022 |
| 29AAKCM5228P1ZP | Karnataka | Active | 21 Nov 2022 |
| 27AAKCM5228P1ZT | Maharashtra | Active | 30 May 2023 |
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.
MCA Filings & Documents of Montecarlo Projects 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.
Frequently Asked Questions about Montecarlo Projects Limited
Montecarlo Projects is an active public limited company based in Ahmedabad, Gujarat, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 18 August 2016 (10+ years old) and is registered under CIN U45303GJ2016PLC093407.
Montecarlo Projects reported revenue of ₹2,956.44 Cr for FY 2025 (up 12% YoY).
Montecarlo Projects has 3 current directors:
- Suhas Vasantrao Joshi - Director
- Brijesh Kanubhai Patel - Director
- Mrunal Kanubhai Patel - Director
Montecarlo Projects reported a net profit of ₹221.91 Cr (net margin 7.5%) and EBITDA of ₹521.96 Cr (EBITDA margin 17.7%) for FY 2025, as per its filed financial statements.
The GSTIN of Montecarlo Projects is 24AAKCM5228P1ZZ, registered in Gujarat. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 21AAKCM5228P1Z5 (Odisha), 29AAKCM5228P1ZP (Karnataka), 27AAKCM5228P1ZT (Maharashtra).
The CIN (Corporate Identification Number) of Montecarlo Projects is U45303GJ2016PLC093407. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Montecarlo Projects has 2 court cases on record: 2 filed by the company. Most are in the supreme court.
Montecarlo Projects was incorporated on 18 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Montecarlo Projects by revenue are KNR Constructions Limited, Hindustan Infralog Private Limited, Delta Electronics India Private Limited, Pan India Infraprojects Private Limited, Raiden Infotech India Private Limited and 5 more, all in the Infrastructure industry (Infrastructure Services).
Suhas Vasantrao Joshi ceased to be Additional Director on 29 Sep 2022. Nareshkumar Pranshankar Suthar ceased to be Director on 05 Apr 2022. Suhas Vasantrao Joshi was appointed as Director on 05 Apr 2022. Montecarlo Projects has 6 board changes on record in total.
Montecarlo Projects can be reached through the website mclindia.com. Its registered office is in Ahmedabad, Gujarat, India.