Montecarlo Projects Limited - Company Profile

Q: Who are the current directors of Montecarlo Projects Limited?

The current directors of Montecarlo Projects Limited are Suhas Vasantrao Joshi, Brijesh Kanubhai Patel, Satish Nair, Mrunal Kanubhai Patel.

It is a infrastructure and utilities public limited company based in Ahmedabad, Gujarat, India, established in 2016.

2016 Ahmedabad, Gujarat, India Active

Last Updated: January 09, 2026

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About Montecarlo Projects Limited

Montecarlo Projects Limited, a active public limited company, was established on 18 August 2016 in Ahmedabad, Gujarat, India. Engaging in general infrastructure services within the infrastructure and utilities sector, it holds CIN: U45303GJ2016PLC093407. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹0.50 M and a paid-up capital of ₹0.10 M.

Formerly known as Montecarlo Projects India Limited. It upholds a compliant status. Employing 28 professional, Its leadership includes Suhas Vasantrao Joshi (Director), Brijesh Kanubhai Patel (Director), Mrunal Kanubhai Patel (Director). Past directors included Suhas Vasantrao Joshi, Kalpesh Mahendrakumarsoni, Nareshkumar Pranshankar Suthar. It holds ₹6,607.30 Cr open charges and ₹1,275.75 Cr settled loans. Its latest AGM occurred on 29 September 2025, with the balance sheet filed on 31 March 2025. It is based at Montecarlo House, Sindhu Bhavan Road, Bodakdev,, Ahmedabad, Gujarat, 380058.

Company Details

CIN/LLPIN
U45303GJ2016PLC093407
Registration Number
093407
Incorporation Date
18 August 2016
Authorized Capital
₹0.50 M
Paid-Up Capital
₹0.10 M
ROC Code
Roc Ahmedabad
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 0.50 M as on 09-01-2026
Paid Up Capital ₹ 0.10 M as on 09-01-2026
Company Age 9 Year, 5 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 6,607.30 Cr as on 09-01-2026
Satisfied Charges ₹ 1,275.75 Cr as on 09-01-2026
Revenue Growth **** % (FY 2021)
Profit Growth **** -154.74% (FY 2021)
Ebitda **** -177.16% (FY 2021)
Net Worth 54.55% (FY 2021)
Total Assets **** 54.56% (FY 2021)

Comprehensive Company Insights

Explore comprehensive insights into Montecarlo Projects Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Montecarlo Projects Limited?

Current Directors

Name	Designation	Appointment Date	Status
Suhas Vasantrao Joshi	Director	05 Apr 2022	Current
Brijesh Kanubhai Patel	Director	18 Aug 2016	Current
Mrunal Kanubhai Patel	Director	18 Aug 2016	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	29 Sep 2022	Past
Pramod Abcsdd	Director	-	Past
Pramod Abcsdd	Director	05 Apr 2022	Past
Pramod Abcsdd	Director	16 Jan 2019	Past

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Financial Performance of Montecarlo Projects.

Montecarlo Projects Limited, for the financial year ended 2021, experienced no change in revenue, with a 0% increase. The company also saw a substantial fall in profitability, with a 154.74% decrease in profit. The company's net worth Soared by an impressive increase of 54.55%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

*******

Revenue from Operations

*******

Total Assets

*******

54.56%

*******

Profit or Loss

*******

-154.74%

*******

Net Worth

*******

54.55%

*******

EBITDA

*******

-177.16%

*******

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What is the Ownership and Shareholding Structure of Montecarlo Projects?

In 2023, Montecarlo Projects had a promoter holding of 100.00%. The company had 13 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹66,073,000,000.00

Satisfied Charges

₹12,757,500,000.00

Charges Breakdown by Lending Institutions

Others : 5074.35 Cr
Sbicap Trustee Company Limited : 1532.95 Cr

Latest Charge Details

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	₹534.80 Cr	Open

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How Many Employees Work at Montecarlo Projects?

Montecarlo Projects has a workforce of 28 employees as of Mar 28, 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.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Montecarlo Projects, 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 Projects's trajectory.

Rating

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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.

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Latest Updates, News, and FAQs on Montecarlo Projects

Recent Activity within the Organization

Annual General Meeting

Progress on Montecarlo Projects Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records. was documented.
29 Sep 2025
Charges

The activity A charge with Others of Rs. 2,338.10 M registered on 23 Nov 2020 with Charge ID 100405390 was modified on 14 Aug 2025. was completed.
14 Aug 2025
Charges

The activity A charge with Others of Rs. 5,348.00 M registered on 27 Sep 2023 with Charge ID 100797851 was modified on 23 Jun 2025. was completed.
23 Jun 2025
Balance Sheet

Progress on Montecarlo Projects Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was documented.
31 Mar 2025
Charges

The activity A charge registered on 11 Jan 2020 via Charge ID 100321430 with Others was fully satisfied on 15 Oct 2024. was completed.
15 Oct 2024
Charges

The activity A charge with Sbicap Trustee Company Limited amounted to Rs. 15,329.50 M with Charge ID 100968366 was registered on 20 Aug 2024. was completed.
20 Aug 2024

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