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
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 withour Company with effect
from 31st March 1994, in pursuance of
the orders dated 24th April 1995 by the Hon'ble High Court of
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
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 rangedfrom 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
Sr.No. Major Event
Year of Incorporation.
First commercial operation.
Merger of Soil & Foundation Engineers Private Limited.
Housing Project for Simplex Concrete Piles(India) Limited on behalf
of CGEWHO at
Kaikhali in Kolkata on turnkey basis.
Introduction of Tunnel shuttering Technology in our projects.
Awarded Metro Rail Project at Chennai,Tamil Nadu.
Awarded office complex project of BPCL at Prince Anwar Shah Road by
Calcutta Improvement Trust.
Awarded Rail bridge at Digha-Tamluk by South Eastern Railway-Value
Revival of Star Theatre at Kolkata awarded by Calcutta Municipal
Awarded 12 nos. of Rail Bridges by Konkan Railway Corporation Limited
in various parts of
Jharkhand state value over Rs.70.00 crores.
Awarded Flyover Project at Taratala, Kolkata by Public Works
Annual Turnover crossed Rs.6000 Lacs
Awarded Road & Rail Over Bridge by M/s.Nagarjuna Construction Company
Limited value Rs.88.82 crores at Patna.
Completed more than 10000 nos. of driven pile for National Buildings
Construction Corpn. Ltd., Godrej Properties Limited and Bengal
Awarded ISO 9001 by Kvalitet Veritas Quality Association Ltd.
The Company has bagged contracts for Piling, Foundation and
Residential Complex primarily in Kolkata and The total value of the
project, including the cost of materials, is approximately Rs 115
Simplex Projects Ltd has received a contract for Development and
Management of Multi-level Car Parking Project at Salt Lake, Kolkata
under Built Operate and Transfer (BOT) basis under joint venture with
Kolkata Metropolitan Development Authority.
E-mail ID for Investor Grievances: investors@simplexprojects
The Company has been awarded from Government of Libya, as Public
Works Contract, for execution of 2000 (Two Thousands) housing units,
service buildings and related infrastructure on turnkey basis in
Ghira, Libya. The total estimated value of the project, is
approximately LD 531,300,000 (Five Hundred Thirty One Million and
Three Hundred Thousand Libyan Diner only).
Simplex Projects Ltd has bagged three contracts for earth works and
constructions of feeder channel and canal works in the region of
Mahoba, Uttar Pradesh from the Irrigation Dept.and The total value of
the contracts including the cost of materials aggregates to Rs. 407
Simplex Projects has signed a Development Agreement for Development,
Installation and Operation and Maintenance of a multi-level car
parking facility at Pan Bazaar, Guwahati, awarded by The Chief
Executive Officer, Guwahati Metropolitan Development Authority
(GMDA), Bhanagarh, Guwahati, Assam on Design, Build, Finance, Operate
and Transfer (DBFOT) basis and The Project cost is estimated at Rs. 40
-Simplex Projects Ltd has considered and recommended a dividend at