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Simplex Projects
BSE: 532877|NSE: SIMPLEX|ISIN: INE898F01018|SECTOR: Construction & Contracting - Civil
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Company History - Simplex Projects
Our Company was incorporated as Simplex Projects Limited under
  the Companies Act, 1956 on 31st October, 1990 in the state of 
 West Bengal and registered with the Registrar of Companies, 
 West Bengal vide Certificate of incorporation number 21- 050101 
 with its Registered Office situated at 12/1, Nellie Sengupta 
 Sarani, Kolkata-700087. The Certificate of Commencement of 
 Business was obtained on 6th December, 1990 and the operations
 were started in the year 1992. There is no change of name since 
 incorporation till this date. The Promoters of our Company are 
 three natural persons and four companies. The natural persons 
 who are our Promoter are Mr. Balkrishandas Mundhra, Mr. Raghav 
 Das Mundhra and Mr. Sudarshan Das Mundhra. The companies, 
 which are our Promoters, are Simplex Fiscal Holdings Private 
 Limited, Kirti Vinimay Private Limited, Pioneer Engineering
 Company Private Limited and Bharat Gypsum Private Limited.
 
 Our Company was initially promoted by Late Mr. Madhodas 
 Mundhra along with his three sons viz. Mr. Bithaldas Mundhra, 
 Mr. Shreemohandas Mundhra and Mr. Balkrishandas Mundhra 
 in the year 1990 as part of the Simplex Group with Simplex 
 Concrete Piles (India) Limited (Currently known as Simplex 
 Infrastructures Limited) as the flagship of the Group. Our Company 
 started business by taking projects on subcontract basis from 
 Simplex Concrete Piles (India) Limited (Currently known as Simplex 
 Infrastructures Limited) and moved further by taking contracts
 directly.
 
 Soil and Foundation Engineers Private Limited, which was also 
 the part of Simplex Group, was incorporated on 1st April 1991 and 
 registered with the Registrar of Companies, West Bengal with its 
 registered office situated at 12/1, Nellie Sengupta Sarani, 
 Kolkata-700087. Soil and Foundation Engineers Private Limited 
 was engaged in the business of construction of pile and pile 
 foundations, buildings and bridges. Further, to synergize the 
 operations and considering the similar nature of business, Soil and 
 Foundation Engineers Private Limited was amalgamated with
 our Company with effect from 31st March 1994, in pursuance of 
 the orders dated 24th April 1995 by the Hon'ble High Court of 
 Kolkata.
 
 In the year 2002, there was a division between the three brothers 
 viz. Mr. Bithaldas Mundhra, Mr. Shree Mohandas Mundhra and 
 Mr. Balkrishandas Mundhra. As a result of this separation, our 
 Company came under the control of Mr. Balkrishandas Mundhra 
 along with his two sons viz. Mr. Raghav Das Mundhra and 
 Mr. Sudarshan Das Mundhra.
 
 Our Company, under the aegis of Mr. Balkrishandas Mundhra, 
 started activly participating in the various government and private 
 sector projects. The scope of the project for which our Company 
 used to bid was expanded and we started bidding for diversified 
 projects ranging from Multi-storied Buildings, Group Housing 
 complexes, Industrial complexes. Currently we have become a 
 well diversified construction company and the activities ranged
 from Piling, which is the niche segment of our Company, to other 
 civil constructions, which included Buildings, Bridges & Flyovers, 
 Factory and Industrial Structures. The turnover of our Company 
 in the year 2000-2001 was Rs. 3,397.35 Lacs with the PAT of 
 Rs. 72.10 Lacs. During the year 2006-2007 our turnover has 
 increased to Rs. 13575.71 Lacs and PAT has increased to 
 Rs, 1049.21 lacs
 
 In the year 1999, our Company entered into an agreement with 
 the Kolkata Municipal Corporation to install, run and maintain the 
 Multi Level Car Parking System in Kolkata on Built Own Operate 
 and Transfer (BOOT) basis for a period of 20 years. However, in 
 the year 2000 the business of Installation, Development, Operation 
 and Maintenance of Multi-level Automated Car Parking Systems 
 was transferred to our wholly owned Subsidiary, Simpark 
 Infrastructure Private Limited. Simpark has established the fully 
 automated multi level car parking system at Kolkata in the year 2001.
 
 Another fully automated car parking system at Kolkata, which is 
 below the ground level has become operational from April 2007. 
 Simpark is in the process of launching the semi automated version 
 of the multi level parking systems to cater the demand of private 
 parking space.
 
 Our Milestones
 
 Sr.No.   Major Event                                                 
                      Year
 
 1.          Year of Incorporation.                                   
                    1990
   
 2.          First commercial operation.                              
             1992
 
 3.          Merger of Soil & Foundation Engineers                   
 1994
              Private Limited. 
 
 4.          Housing Project for Simplex Concrete Piles          
 1996
              (India) Limited on behalf of CGEWHO at 
              Kaikhali in Kolkata on turnkey basis.
 
 5.         Introduction of Tunnel shuttering Technology         1997
            in our projects. 
 
 6.        Aw arded Metro Rail Project at Chennai,                 
 1998
            Tamil Nadu. 
 
 7.        Awarded office complex project of BPCL at            1999
            Prince Anwar Shah Road by Calcutta
            Improvement Trust.
 
 8.        Awarded Rail bridge at Digha-Tamluk by South     2000
            Eastern Railway-Value Rs.16.00 crores.
 
 9.       Revival of Star Theatre at Kolkata awarded by        2002
           Calcutta Municipal Corporation. 
 
 10.     Awarded 12 nos. of Rail Bridges by Konkan             2003
           Railway Corporation Limited in various parts of 
           Jharkhand state value over Rs.70.00 crores.
 
 11.     Awarded Flyover Project at Taratala, Kolkata         2003
           by Public Works Department. 
 
 12.     Annual Turnover crossed Rs.6000 Lacs.                  2004
 
 13.     Awarded Road & Rail Over Bridge by M/s.             2005
           Nagarjuna Construction Company Limited 
            value Rs.88.82 crores at Patna.
  
 14.    Completed more than 10000 nos. of driven              2006
          pile for National Buildings Construction Corpn. 
          Ltd., Godrej Properties Limited and Bengal 
          Unitech Limited.
 
 15.    Awarded ISO 9001 by Kvalitet Veritas                      
 2006
          Quality Association Ltd. 
  
Source : Dion Global Solutions Limited
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