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 Ludhiana2014 - 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.
| Name | Position |
|---|---|
| Mr. Jawahar Lal Oswal | Chairman & Managing Director |
| Mr. Sandeep Jain | Executive Director |
| Mrs. Ruchika Oswal | Executive Director |
| Mrs. Monica Oswal | Executive Director |
| Mr. Rishabh Oswal | Executive Director |