Monte Carlo Fashions Limited

Monte Carlo Fashions Limited, doing business as Monte Carlo, is an Indian retail clothing chain. It specialises in fast fashion, and sells clothing, accessories, shoes. [1]

Monte Carlo
IndustryRetail
Founded1984 (1984)
FoundersJawahar Lal Oswal
HeadquartersAhmedabad, Gujarat, India
Number of locations
1,500 stores
Area served
India
Nepal
ProductsClothing
Websitemontecarlo.in

Background

Monte Carlo Fashions limited is selling its apparel products under the brand name of Monte Carlo[2][3][4] which was established in 1984[5][6] by Oswal Woollen Mills Limited[5] and is owned by parent company Nahar Group[7] based in Ludhiana, Punjab. Mr. Jawahar Lal Oswal[5][8] is the chairman and managing director of the company.

Manufacturer Unit

The company has two manufacturing units in Jalandhar.[5] There are over 1,450[5] employees.

Retail

In the year 2006, they had 23 stores.[9] In 2009, the 100th store[10] was opened in New Delhi. As of March 2014, there were 191[5] ‘Monte Carlo has 200 Exclusive Brand Outlets’ in India and two are in Dubai & Kathmandu respectively and over 1,300[5] multi brand outlets across India. Monte Carlo has been awarded the Superbrand status.[11]

Stock Market Launch

In December 2014,[12] Monte Carlo Fashion Limited launched IPO[13] with price band of ₹630 to ₹645 per share.[14][15]

Website

"www.montecarlo.in'".

References
  1. "Monte Carlo Fashions Ltd (BOM:538836)". Google Finance.
  2. "Sale of woollens at peak". The Tribune (Chandigarh). December 2, 2005. Retrieved February 5, 2015.
  3. "Ludhiana knits' cosy-tale" (PDF). Retrieved February 5, 2015.
  4. "Successful Adjustment in Indian Industry: the Case of Ludhiana's Woolen Knitwear Cluster" (PDF). Dongbei University of Finance and Economics. Archived from the original (PDF) on February 8, 2015. Retrieved February 5, 2015.
  5. "Securities and Exchange Board of India" (PDF). Securities and Exchange Board of India. July 9, 2014. Retrieved January 5, 2015.
  6. "Superbrands Consumer 1st Edition 2004". Superbrands. Retrieved February 5, 2015.
  7. "Oswal enters garments market". The Tribune (Chandigarh). March 27, 2001. Retrieved February 5, 2015.
  8. "Nahar Poly Films Ltd". Bloomberg L.P. Retrieved February 5, 2015.
  9. "Monte Carlo plans expansion". The Tribune (Chandigarh). November 2, 2006. Retrieved February 5, 2015.
  10. "OWM celebrates 100th store's opening". The Indian Express. October 22, 2009. Retrieved February 5, 2015.
  11. "Business Superbrands 4th Edition 2014". Superbrands . Retrieved February 5, 2015.
  12. "Monte Carlo Fashions launches IPO". The Hindu. November 26, 2014. Retrieved January 5, 2015.
  13. "Monte Carlo Fashions to stitch up an IPO, eyeing expansion". In.com. November 27, 2014. Archived from the original on February 17, 2015. Retrieved February 5, 2015.
  14. "Monte Carlo Fashions to raise around Rs 350 crore through IPO". The Economic Times. November 26, 2014. Retrieved January 5, 2015.
  15. "Monte Carlo IPO opens at Rs 630-645 per share". Yahoo! Finance. December 3, 2014. Retrieved February 5, 2015.
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