Check out the ifi-phono from ifi-audio.com. I'm using one right now and absolutely loving it.
It's apparently trickle-down technology from AMR (Abingdon Music Research - a high-end brand) designed by Thorsten Loesch. It's newly launched, and the price is reasonable, tho' I do expect it to rise in future. It offers multiple loading options for both MM and MC, optional equalisations to standard RIAA, plus a 6 Db boost option over the standard gain, again for both MM and MC. If your MC cart is low output (.2 to .4 Mv), then this is a great solution. You might have to import it, tho', as I don't think they have an Indian distributor yet. I got mine on a recent visit to Singapore.