You may have seen a Monte Carlo showroom in your city and assumed it was a foreign brand. Monte Carlo is a homegrown Indian brand that started in Ludhiana, Punjab. Monte Carlo was founded by Jawahar Lal Oswal, who remains the key figure behind the brand’s identity. In terms of performance, sales were Rs 1,117.71 crore in FY2023, Rs 1,061.91 crore in FY2024 and Rs 1,100.41 crore in FY2025. Net profit stood at Rs 172.43 crore in 2023, dropped to Rs 81.74 crore in 2024 and recovered to Rs 112.41 crore in 2025.

Source: News 24 February 19, 2026 16:33 UTC