| The Company was incorporated on July 1, 2008 in Ludhiana, Punjab, India under the Companies Act 1956 as a public limited company, under the name `Monte Carlo Fashions Limited' with the RoC. The Company received its certificate for commencement of business on July 28, 2008.
The Company was incorporated as a subsidiary of OWML. Subsequently, pursuant to the scheme of arrangement and demerger with OWML as approved by the Punjab and Haryana High Court, through an order dated May 20, 2011, the business carried out by OWML, comprising the processes of manufacturing, buying, selling, and dealing in knitted and hosiery garments, woollen garments, cotton garments, franchisee network and other businesses were transferred from OWML to the Company, with effect from April 1, 2011 and the Company ceased to be a subsidiary of OWML.
Major Events :
2008 - Incorporation of our Company
2011 - Scheme of arrangement and demerger with OWML
2012 - Private equity investment by Samara Capital Partners Fund I Limited, through its subsidiary KIL, in the Company
- Forayed into women's apparel with the introduction of the apparel range `Alpha'
2013 - Forayed into kids wear segment with the introduction of the apparel range `Tweens', in the men's premium wear segment with the introduction of the apparel range `Platine' and in the men's economy wear segment with the introduction of the apparel
range `Cloak and Decker'
- Expanded our manufacturing facility pursuant to the commencement of operations at our new manufacturing facility situated at G.T. Road, Sherpur, Ludhiana
2014 - In-house manufacture of cotton apparel at our old manufacturing facility situated at G.T. Road, Sherpur, Ludhiana.
Awards, Certifications and Recognitions :
2011 - ISO 9001:2008 issued by Det Norske Veritas for design, manufacture and supply of knitted garments for our facility situated at 231, Industrial Area A, Ludhiana, for the period November 8, 2011 to October 30, 2014
2012 - Recognized as a `Superbrand' for woollen knitted apparel in each edition of Consumer Superbrands India
2013 - `Woolmark' issued by the Woolmark Company for use on accessories (glovers, hats, ties, scarves, shawls) and knitted garments (stocks, stockings, tights, sweater, cardigans, waistcoat, underwear) for the period July 1, 2013 to June 30, 2014.
2014
-Monte Carlo raises Rs 105 crore from anchor investors
2015
-Monte Carlo's delivers strong Revenue and EBITDA growth despite delayed winter
-Monte Carlo Fashions Ltd. has informed that as per the municipal records, the postal address of the Registered and Corporate Office of the Company has been updated from G.T. Road, Sherpur, Ludhiana-141003 to B-XXIX- 106, G.T. Road, Sherpur, Ludhiana-141003
-Monte Carlo launches first outlet in Hyderabad
2016
-Monte Carlo Fashions to open 20 exclusive brand stores
2019
-Monte Carlo settles trademark row with Skoda Auto.
-Garments manufacturer Monte Carlo Fashions Monday said it has entered into an agreement with Skoda Auto India allowing the automaker to use its trademark 'Monte Carlo'.
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