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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 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 withour 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 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 parking space.

Our Milestones

Sr.No. Major Event

1990
Year of Incorporation.

1992
First commercial operation.

1994
Merger of Soil & Foundation Engineers Private Limited.

1996
Housing Project for Simplex Concrete Piles(India) Limited on behalf of CGEWHO at
Kaikhali in Kolkata on turnkey basis.

1997
Introduction of Tunnel shuttering Technology in our projects.

1998
Awarded Metro Rail Project at Chennai,Tamil Nadu.

1999
Awarded office complex project of BPCL at Prince Anwar Shah Road by Calcutta Improvement Trust.

2000
Awarded Rail bridge at Digha-Tamluk by South Eastern Railway-Value Rs.16.00 crores.

2002
Revival of Star Theatre at Kolkata awarded by Calcutta Municipal Corporation.

2003
Awarded 12 nos. of Rail Bridges by Konkan Railway Corporation Limited in various parts of
Jharkhand state value over Rs.70.00 crores.

2003
Awarded Flyover Project at Taratala, Kolkata by Public Works Department.

2004
Annual Turnover crossed Rs.6000 Lacs

2005
Awarded Road & Rail Over Bridge by M/s.Nagarjuna Construction Company Limited value Rs.88.82 crores at Patna.

2006
Completed more than 10000 nos. of driven pile for National Buildings Construction Corpn. Ltd., Godrej Properties Limited and Bengal Unitech Limited.

Awarded ISO 9001 by Kvalitet Veritas Quality Association Ltd.


2007
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 Crores.

2008
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

2009
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 Crores.

2010
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 crores.

2011
-Simplex Projects Ltd has considered and recommended a dividend at 10%.

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