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Simplex Projects Ltd. Company History and Annual Growth Details

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 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

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.