Monte Carlo the clothing brand is a Ludhiana name, not the principality’s. It belongs to Monte Carlo Fashions Limited of Ludhiana, quoted on the NSE as MONTECARLO and on the BSE as 538836. Oswal Woollen Mills Limited launched the name in 1984 and passed it to the present company under a demerger scheme sanctioned by the High Court of Punjab and Haryana on 20 May 2011, as the trade-mark mirror records it.
Read on 29 September 2026, the company’s own shop sold a men’s polo at ₹1,427 against an MRP of ₹2,195, and on a large Indian fashion marketplace all 20 declarations opened named the company’s own Unit-2 in Ludhiana as the party answerable for the garment.
Monte Carlo is owned by Monte Carlo Fashions Limited, Ludhiana, “Active” on a register mirror and printed on the flagship class 25 marks on the trade-mark mirror. It signs for its goods in its own name, at its own works address, on all 20 marketplace records read on 29 September 2026. Its FAQ and its return policy word the refund for an ordinary return differently, so read both before buying.
Snapshot
- What it is
- An Indian apparel and home-textile brand owned by Monte Carlo Fashions Limited, Ludhiana, CIN L51494PB2008PLC032059, listed on NSE and BSE
- Indian trade marks
- Monte Carlo (device), No. 2639893, class 25, “Registered”, valid to 9 December 2033, proprietor printed as Monte Carlo Fashions at G.T. Road, Sherpur (register mirror)
- The company that signs
- “Monte Carlo Fashions Limited Unit-2, 231, Industrial Area – A, Ludhiana-141003”, under “Manufacturer/Marketed By” on the brand’s own product pages and under “Manufactured By” on each of 20 marketplace records
- Declared origin
- “Country of Origin: India” on both product pages read on montecarlo.in; India on 20 of 20 marketplace records, 29 September 2026
- Returns and warranty
- Return “within 7 days of receiving the product” on the shop’s policy; defect window 30 days in the terms and 7 days in the FAQ; no product warranty stated on any page read
- Price band in India
- ₹2,195 to ₹4,035 MRP for a polo, a trouser, a cargo and a denim on montecarlo.in, all sold under 35% or 50% off labels, read 29 September 2026
- The shelf
- 10,042 listings under the brand facet on a large Indian fashion marketplace; median MRP ₹4,135, median paid ₹1,977, 38 of the first 40 reduced
- Own production
- “85% of the production is outsourced from different vendors across India”, earnings call of 19 May 2026; four Works addresses in Ludhiana in the annual report
Who owns Monte Carlo
A companies-register mirror prints Monte Carlo Fashions Limited as a public company incorporated on 1 July 2008 under ROC Chandigarh, status “Active”, paid-up capital ₹20,73,20,640, registered office B-XXIX-106, G.T. Road, Sherpur, Ludhiana; a second mirror gives the same status and capital.
Oswal Woollen Mills Limited, which “began its operations in 1949 in Ludhiana”, launched Monte Carlo in 1984 and demerged the garment business into Monte Carlo Fashions Limited in 2011-12; the trade-mark mirror records registration No. 630095, “Monte Carlo Collection OWM (with device)”, class 25, filed on 6 June 1994, as “transferred to Monte Carlo Fashions Limited via demerger scheme approved by the High Court of Punjab & Haryana on 20.05.2011”. The company listed in December 2014, and a CARE Ratings release of 3 January 2018 records the mill’s “entire stake sale in Monte Carlo Fashions Limited in the latter’s Initial Public Offer, in December 2014”. No later change of control appears in any document read; a screener mirror puts the promoter holding at 73.17% in June 2026, and the half-year disclosure to 30 September 2025 lists the mill, Nahar Spinning Mills Limited and Nahar Industrial Enterprises Limited as “Promoter Group”.
Every mark here is a reading of quickcompany.in on 29 September 2026, a mirror of the register and not the register: it shows who filed, in which class, and the status it last copied, and nothing about who sells or whether a licence exists. The flagship marks are printed to the company. “Monte Carlo (device)”, No. 2639893, class 25 for “Clothing, Footwear, Headgear”, is “Registered”, filed on 9 December 2013 and valid to 9 December 2033, with no registered user, the proprietor printed as “Monte Carlo Fashions Public, G.T. Road, Sherpur, Ludhiana 141003”. The Cloak & Decker label, No. 2647854, is “Registered” to the same proprietor; a class 25 entry “Monte Carlo”, No. 3835422, prints “Abandoned”.
For the year ended 31 March 2026, the audited results print standalone revenue from operations of ₹1,17,501 lakh and profit after tax of ₹11,173 lakh; consolidated, ₹1,27,591 lakh and ₹11,206 lakh.
How Monte Carlo reaches the shelf
The brand’s own product pages read “Manufacturer/Marketed By: Monte Carlo Fashions Limited Unit-2, 231, Industrial Area – A, Ludhiana-141003, Punjab, India”, and “231, Industrial Area-A” is one of four “Works” addresses the annual report lists in Ludhiana. The company that owns the mark signs for the goods, with the address of one of its own units.
The company’s own documents describe its production. The investor presentation of August 2025 describes “two state-of-the-art integrated manufacturing facilities in Ludhiana, Punjab”; on the fourth-quarter call of 19 May 2026, management gave the outsourced share.
85% of the production is outsourced from different vendors across India.
Monte Carlo Fashions Limited, Q4 FY26 earnings-call transcript, 19 May 2026, published on the company’s investor site; read 29 September 2026.
The 6 August 2026 call put it another way: “cotton plants are running at full capacity … All the other demand that is there, we outsource to third-party vendors.” How many vendors is not stated in any document read. Group companies are among the suppliers: the half-year disclosure records purchases from Oswal Woollen Mills Limited and Nahar Spinning Mills Limited.
- Oswal Woollen Mills LimitedLaunched the name in 1984; sold its whole stake in the 2014 IPO; listed as “Promoter Group” and a supplier for the half year to 30 September 2025
- Monte Carlo Fashions LimitedHolds the flagship marks; four Works in Ludhiana; “85% of the production is outsourced”
- “Different vendors across India”Not named in the documents read
- Retailers and marketplaces“More than 90% is B2B sales”; Flashtech Retail sold 16 of 20 marketplace records, the company 4
- The buyerA seven-day return promise and a pack naming the owner’s own unit
Most of the business is wholesale: “More than 90% is B2B sales”, management said on 6 August 2026. Shop counts vary by document and date, and the readings below are readings, not a direction.
| Document and date | Exclusive outlets | Multi-brand outlets | Other formats |
|---|---|---|---|
| 17th Annual Report 2024-25 (year to 31 March 2025) | “471+” | “1,949+” | “1,468+ NCS & SIS points”; own e-commerce plus Myntra, Flipkart, Amazon, Ajio and Nykaa Fashion |
| Investor presentation, August 2025 (Q1 FY26) | 470 | 1,323 | 432 NCS, 503 SIS; Amazon, Flipkart, Myntra |
| Q4 FY26 call, 19 May 2026 | 497 net, after closing 14 to 15 stores; 40 to 45 openings planned for FY27 | — | Online net sales up 38% on FY25 “through our own website and external portals” |
| Q1 FY27 call, 6 August 2026 | “around 145 company-owned EBOs”; 10 to 15% of new openings on company capex, the rest franchisee-funded | — | Online up 15%; “20% of the total online sales comes from our own website”; Blinkit, Swiggy and Zepto named |
| Corporate site, About us (undated) | “more than 200 exclusive brand outlets” | “over thirteen hundred” | “more than sixty large format stores” |
All read 29 September 2026; the undated corporate page is printed as it stands.
Monte Carlo on the shelf
On 29 September 2026 the brand facet on a large Indian fashion marketplace held 10,042 listings. Three neighbouring facets carried the words and were kept out of every count: Cloak & Decker by Monte Carlo, 71; Moca By Monte Carlo, 12; Perris Monte Carlo, 12. The first two match marks the mirror prints to the company.
The first 40 listings in facet order were a winter shelf, led by 12 sweaters, 10 jackets, 8 tracksuits, 7 sweatshirts and 2 pairs of track pants. Their median MRP was ₹4,135 and their median selling price ₹1,977, 47.8% of MRP, with 38 of the 40 reduced.
Twenty of those records were opened one at a time. Country of origin read India on all 20; the “Manufactured By” field read “Monte Carlo Fashions Limited Unit-2, 231, Industrial Area – A, Ludhiana-141003, Punja…” on all 20, cut off where the field cut it; the importer field was blank on all 20. The seller of record was Flashtech Retail on 16 and Monte Carlo Fashions Limited itself on 4. Against nine other brand shelves read the same day, 47.8% sat sixth of ten.
Where Monte Carlo is made
India, on every declaration read: both product pages on montecarlo.in print “Country of Origin: India”, and the 20 marketplace records did the same. No document read gives a share by state, city or supplier.
A “Manufactured By” line under Indian packaging rules names the party declared answerable for the goods; it is not a factory. Monte Carlo’s line prints the address of its own Unit-2, one of the four Works in the annual report, and says nothing about where a given pullover was knitted.
The 18th Annual Report, for 2025-26, was filed with NSE on 31 August 2026; the operating figures here are dated to the 2024-25 report and the two calls.
Rock.it, a Monte Carlo sub-brand
The company names Rock.it among its sub-brands in the 17th Annual Report, and the shop’s navigation lists it as “Rockit”; on the trade-mark mirror, the class 25 “Rock.it” mark, No. 3442070, filed on 23 December 2016, is printed to Cotton County Retail of Ludhiana.
Returns, warranty and who answers
Because the owner runs the shop, there is no licensee to chase. The terms on montecarlo.in say the site is operated by “Monte Carlo Fashions Ltd., a company incorporated under the laws of India” and send payment disputes to the “exclusive jurisdiction of Ludhiana Courts only”. The privacy policy names only “Monte Carlo” and gives an email address and helplines. No grievance officer is named or titled on any of those pages.
The shop’s three policy pages word returns differently. The Shipping and Return Policy allows a return “within 7 days of receiving the product”, unused, with “brand tags intact”, and says the refund lands “7 to 10 business days” later, to the Monte Carlo wallet or to the original payment method. The FAQ keeps the seven days but says of an ordinary return that “the paid amount will be credited to your wallet for future purchases on our website. Please note, refunds are not provided”, with a bank refund only for “a manufacturing defect or variation”. The Terms and Conditions give 30 days for a defect claim, against the FAQ’s seven. Both wordings were on the site on 29 September 2026.
There is no product warranty on any page read. The terms carry a disclaimer: “There is no Guarantee of Peeling on our Products”. What the site’s pages give the buyer is a seven-day window, a defect claim of seven or thirty days by page, a wallet credit or a refund by page, and a mailbox.
What Monte Carlo costs in India
Monte Carlo is priced in rupees at home, so there is no overseas price and no duty to compute. What the brand’s own shop printed on 29 September 2026, under a site-wide sale, is set out as read.
| Item, montecarlo.in | Style code | MRP | Selling price | Label |
|---|---|---|---|---|
| Men Blue Light Wash Straight Fit Denim | 2260874394DN-1 | ₹4,035 | ₹2,018 | “50% OFF” |
| Men Yellow Solid Polo Collar Half Sleeve T-Shirt | 226075569-1 | ₹2,195 | ₹1,427 | “35% OFF” |
| Men Light Grey Solid Slim Fit Trouser | 2260861603CF-2 | ₹2,499 | ₹1,624 | “35% OFF” |
| Men’s cargo, from the collection page | 2260861631CG-1 | ₹3,720 | ₹1,860 | Collection page sale |
| Striped Woollen Pullover, marketplace | — | ₹4,395 | ₹1,977 | Reduced |
Own-site rows read on montecarlo.in on 29 September 2026; the last row from a large Indian fashion marketplace the same day. Winter wear is priced from the marketplace.
That day montecarlo.in sold at 35% and 50% off, and the marketplace’s first 40 had a median paid of 47.8% of their median MRP. Does the owner’s report say what a garment is worth? No: the 17th Annual Report counts production in pieces without separating its own output from its vendors’, and its revenue takes in home textiles and footwear, so dividing one by the other would produce a figure the company does not publish. For other Indian menswear names, this site’s audits of Blackberrys, Peter England and Allen Solly set out how each reaches the shelf.
Checking a Monte Carlo is genuine
No page read carries an authenticity statement or a list of authorised sellers, so the checks below rest on what it does print.
Read the manufacturer line for Unit-2
The company’s own pages and all 20 marketplace records read print “Monte Carlo Fashions Limited Unit-2, 231, Industrial Area – A, Ludhiana-141003”. A different company on that line is a reason to ask the seller who signed for the goods.
Look for India and an MRP
Every declaration read said India, and the brand’s pages print an MRP with a percentage-off label.
Compare with the brand’s own sale price
On 29 September 2026 montecarlo.in itself sold at 35% and 50% off. A price far below half of MRP is deeper than the owner was going that day.
Note the seller of record
Sixteen of 20 records were sold by Flashtech Retail and four by Monte Carlo Fashions Limited. No page read carries a seller list.
The record in India
The one court matter in the documents read is the demerger. The trade-mark mirror describes registration No. 630095 as transferred under a “demerger scheme approved by the High Court of Punjab & Haryana on 20.05.2011”, formalised by an order of 22 March 2013: a sanctioned scheme with a date. Searches under the company’s name and its CIN on 29 September 2026 did not find any other decided court, tribunal or regulatory matter involving the company or the brand, and no wider litigation search was made. Beyond that dated scheme, nobody has ruled on anything described on this page.
Who Monte Carlo is actually for
Monte Carlo suits a buyer who wants a Ludhiana winter name with a listed owner behind it, who is content with a company that, by its own account of 19 May 2026, outsources 85% of its production to vendors across India, and who will buy at the sale price rather than the printed one, since 38 of the first 40 marketplace listings were reduced. It suits less well a buyer who wants a product warranty or a guaranteed bank refund on an ordinary return. A reader shopping the band for shirts and trousers will find Park Avenue and Van Heusen audited on this site.
Common questions
Who owns the Monte Carlo clothing brand?
Monte Carlo Fashions Limited, Ludhiana, a company listed on the NSE as MONTECARLO and the BSE as 538836, with CIN L51494PB2008PLC032059 and status “Active” on a register mirror. The flagship class 25 marks are printed to it on the trade-mark mirror, and a screener mirror puts the promoter holding at 73.17% in June 2026.
Is Monte Carlo an Indian brand?
Yes. The name was launched in 1984 by Oswal Woollen Mills Limited of Ludhiana and moved to Monte Carlo Fashions Limited under a demerger scheme approved by the High Court of Punjab and Haryana on 20 May 2011. It is not the principality’s name, and a search of the trade-mark mirror on the bare words shows other proprietors’ “Montecarlo” marks on its first pages.
Where are Monte Carlo sweaters made?
In India, on every declaration read on 29 September 2026. The annual report lists four Works addresses in Ludhiana, and on 19 May 2026 management said “85% of the production is outsourced from different vendors across India”. The “Manufactured By” line names the company, at its Unit-2 address, as the party answerable for the goods; it does not say where a given garment was knitted.
Can I return a Monte Carlo product bought on montecarlo.in?
Within 7 days of receiving it, unused, with brand tags intact. The Shipping and Return Policy says the refund goes to the wallet or the original payment method; the FAQ says an ordinary return is credited to the wallet and “refunds are not provided”, with a bank refund only for a defect. Both pages were read on 29 September 2026.
Is Rock.it a Monte Carlo brand?
The company lists Rock.it as one of its sub-brands in its 17th Annual Report and sells it on its site as “Rockit”.
References
- ZaubaCorp, a register mirror, Monte Carlo Fashions Limited — CIN, incorporation date, status “Active”, capital, registered office; read 29 September 2026
- Tofler, a second register mirror — status “Active” as of 21 October 2024, capital, the “Unlisted public company” class line; read 29 September 2026
- Monte Carlo Fashions Limited, investor relations index — annual reports, results, transcripts and related-party disclosures; read 29 September 2026
- 18th Annual Report 2025-26, as filed with NSE on 31 August 2026 and the corporate-site copy — AGM notice for 28 September 2026, board approval of 5 August 2026, the four Works addresses; read 29 September 2026
- 17th Annual Report 2024-25 — FY25 revenue and profit, “471+” EBOs, “1,949+” MBOs, “1,468+ NCS & SIS points”, the 10.48% production decrease, sub-brands, marketplaces named, MCFL Ventures Limited; read 29 September 2026
- Investor presentation, August 2025 — two Ludhiana facilities, the design team, Q1 FY26 network counts, brand list; read 29 September 2026
- Q4 FY26 earnings-call transcript, 19 May 2026 — FY26 revenue and profit as stated, 497 EBOs, “85% of the production is outsourced”, online growth; read 29 September 2026
- Q1 FY27 earnings-call transcript, 6 August 2026 — quarter revenue and loss, institutional returns, company-owned EBOs, cotton plants at full capacity, B2B share, own-site share of online, quick commerce; read 29 September 2026
- Audited results for the quarter and year ended 31 March 2026, 18 May 2026 — year columns, standalone and consolidated; read 29 September 2026
- Unaudited results for the quarter ended 30 June 2026, 5 August 2026 — revenue and loss after tax; read 29 September 2026
- Related-party disclosure for the half year ended 30 September 2025 — the three promoter-group companies, the subsidiary, the transaction types; read 29 September 2026
- Screener, an aggregator — NSE and BSE codes, promoter holding of 73.17% at June 2026; read 29 September 2026
- Monte Carlo corporate site, home and About us — the 1949 and 1984 dates, the 2011-12 demerger, the undated store counts; read 29 September 2026
- CARE Ratings, press release on Oswal Woollen Mills Limited, 3 January 2018 — the December 2014 stake sale, the group companies; read 29 September 2026
- QuickCompany, a register mirror, Monte Carlo (device) No. 2639893, No. 630095 with the demerger transfer note, No. 3958949, Cloak & Decker label No. 2647854 and the mirror’s company page — proprietors, classes, statuses, dates; read 29 September 2026
- QuickCompany, search on “monte carlo” — 142 marks, the first pages “Montecarlo” filings of other proprietors; read 29 September 2026
- QuickCompany, Rock.it No. 3442070 and its Rock.it search — the class 25 mark, its filing date and the proprietor as printed; read 29 September 2026
- montecarlo.in, denim 2260874394DN-1, polo 226075569-1 and the men’s collection page — MRPs, selling prices, sale labels, “Country of Origin: India”, the “Manufacturer/Marketed By” line; read 29 September 2026
- montecarlo.in, Terms and Conditions, Shipping and Return Policy, FAQ, Privacy Policy, About us and the home page footer — the operating company, Ludhiana courts, the return and refund wording, the peeling disclaimer, the contact routes; read 29 September 2026
- A large Indian fashion marketplace, brand facet “Monte Carlo”, read 29 September 2026 — 10,042 listings, the three neighbouring facets, the first 40 listings’ categories and medians, the named pullover, and 20 records opened for seller of record, country of origin, “Manufactured By” and importer
Monte Carlo is an unusually well-signed Indian brand. The owner is listed, the flagship marks are printed to it on the mirror, and its own unit’s address stood on all 20 marketplace records read on 29 September 2026.
By its own account of 19 May 2026, 85% of its production is outsourced to vendors across India. Its shop’s pages give a seven-day return and state no product warranty, and the policy page and the FAQ word the refund differently, so a buyer should read both.
Buy it at the sale price the owner itself charges, keep the seven-day clock in view, and read the pack for Unit-2 rather than for a factory.
