Hero PBG Cycles Private Limited
About Hero PBG Cycles Private Limited
Data last updated:
Hero PBG Cycles Private Limited is a private limited company based in Gurugram, Haryana, India, a subsidiary of Hero Cycles Limited. It operates in the bicycle mfg and retail segment of the automotive sector. It was incorporated on 18 June 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN U74900HR2007PTC073820. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Power Plate India Private Limited and Falcon Cycles Private Limited. It is led by directors including Aditya Munjal and Bharat Goel.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 2A – 1001 10th Floor Two Horizon Centre Sector – 43 DLF Phase – V, Gurugram, Haryana, India – 122002.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.78 Lakh, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹8.92 Lakh (net margin 69.8%) and EBITDA of ₹12.13 Lakh (EBITDA margin 94.9%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Hero PBG Cycles has undergone 2 name changes throughout its history. The company was previously known as Power Plate India Private Limited, and Falcon Cycles Private Limited. The current legal name is Hero Pbg Cycles Private Limited.
| Company Name | Status |
|---|---|
| Hero PBG Cycles Private Limited | Current |
| Power Plate India Private Limited | Previous |
| Falcon Cycles Private Limited | Previous |
CIN history
Hero PBG Cycles has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74900HR2007PTC073820, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900HR2007PTC073820 | Current |
| U85190DL2007PTC164863 | Previous |
| U74900DL2007PTC164863 | Previous |
Contact details
Hero PBG Cycles Private Limited's registered office is in Gurugram, Haryana. Its e-mail address is in the company report.
- Email
- Registered Address2A – 1001 10th Floor Two Horizon Centre Sector – 43 DLF Phase – V, Gurugram, Haryana, India – 122002
- IndustryAutomotive, Bicycle Mfg & Retail
To see the full contact details of Hero PBG Cycles Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Hero PBG Cycles Private Limited
FY 2025 filings availableHero PBG Cycles Private Limited reported revenue of ₹12.78 Lakh (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over three years, including 8% growth in the latest year. EBITDA rose 12% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹12.13 Lakh | ||||
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| Net Profit (PAT) | ₹8.92 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 94.9% | ||||
| Net Profit Margin | 69.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Hero PBG Cycles Private Limited, buy the company report.
Board of directors of Hero PBG Cycles Private Limited
Hero PBG Cycles has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aditya Munjal Also directs: Hero Transmission Private Limited, Hero Cycles Limited, HMC E-Valley Private Limited and 5 more | Director | 29 Jun 2015 | 11 Years 4 Months | Current |
| Bharat Goel Also directs: Hero Transmission Private Limited, Hero Global Design Private Limited, Aic BCM Incubation Foundation and 1 more | Director | 25 May 2015 | 11 Years 5 Months | Current |
| Abhishek Munjal Also directs: Hero Cycles Limited, HMC E-Valley Private Limited, Firefox Bikes Private Limited and 5 more | Director | 20 Jan 2022 | 4 Years 9 Months | Current |
Peer comparison
Hero PBG Cycles Private Limited is compared with the 10 companies closest to it by revenue in the Automobiles industry (Cycles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| National Bicycle Corporation of India Ltd | ₹16.43 Lakh (FY 2025) | -9.0% | Mumbai, Maharashtra, India | |||
| Gogz Industries Private Limited | ₹16.27 Lakh (FY 2024) | 3290.0% | Punjab, India | |||
| Aquarian Cycles Private Limited | ₹15.71 Lakh (FY 2025) | -34.0% | Delhi, India | |||
| Kingson Cycles India Private Limited | ₹14.21 Lakh (FY 2025) | Pune, Maharashtra, India | ||||
| Delhi Cycles Private Limited | ₹14.08 Lakh (FY 2024) | -81.0% | Delhi, India | |||
| Hero PBG Cycles Private Limitedthis company | ₹12.78 Lakh (FY 2025) | ₹8.92 Lakh | 69.8% | 8.0% | Gurugram, Haryana, India | |
| Eonic Pedal Systems Private Limited | ₹12.77 Lakh (FY 2025) | -93.0% | Ahmedabad, Gujarat, India | |||
| Batra Cycle India Private Limited | ₹12.6 Lakh (FY 2024) | Ludhiana, Punjab, India | ||||
| Hisan Marketing Limited | ₹11.27 Lakh (FY 2025) | -92.0% | Lucknow, Uttar Pradesh, India | |||
| Bajaj Mechanicals Private Limited | ₹10.4 Lakh (FY 2025) | 13461.0% | New Delhi, Delhi, India | |||
| Molto Megacorp Private Limited | ₹8.82 Lakh (FY 2024) | Ludhiana, Punjab, India |
To see the full peer comparison of Hero PBG Cycles Private Limited, buy the company report.
Auditor
Hero PBG Cycles Private Limited is audited by LODHA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LODHA & CO | FY 2019 | 301051E |
Shareholding
The shareholding of Hero PBG Cycles Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Hero PBG Cycles Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Hero PBG Cycles Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hero PBG Cycles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hero PBG Cycles has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Hero PBG Cycles Private Limited, buy the company report.
Recent activity
Hero PBG Cycles Private Limited has 16 board changes on record since 2008: 3 appointments and 13 cessations. The latest: Abhishek Munjal ceased to be Additional Director on 30 Sep 2022.
7 earlier events are in the company report.
Frequently asked questions
Hero PBG Cycles is an active private limited company based in Gurugram, Haryana, India. The company works in bicycle mfg and retail, within the automotive industry. It was incorporated on 18 June 2007 (19+ years old) and is registered under CIN U74900HR2007PTC073820.
Hero PBG Cycles has 3 current directors:
- Aditya Munjal - Director
- Bharat Goel - Director
- Abhishek Munjal - Director
The latest financial statements of Hero PBG Cycles on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
No. Hero PBG Cycles has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Hero PBG Cycles is U74900HR2007PTC073820. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hero PBG Cycles was incorporated on 18 June 2007, making it 19+ years old. It is registered with the Registrar of Companies, Haryana.
The peers of Hero PBG Cycles by revenue are National Bicycle Corporation of India Ltd, Gogz Industries Private Limited, Aquarian Cycles Private Limited, Kingson Cycles India Private Limited, Delhi Cycles Private Limited and 5 more, all in the Automobiles industry (Cycles).
Abhishek Munjal ceased to be Additional Director on 30 Sep 2022. Abhishek Munjal was appointed as Director on 20 Jan 2022. Anoop Singhal ceased to be Director on 12 Jul 2016. Hero PBG Cycles has 16 board changes on record in total.
The registered office of Hero PBG Cycles is at 2A – 1001 10th Floor Two Horizon Centre Sector – 43 DLF Phase – V, Gurugram, Haryana, India – 122002.
Hero PBG Cycles operates in the automotive industry, in the bicycle mfg and retail segment.
The compliance status of Hero PBG Cycles is compliant as of 07 August 2026. The company is actively filing with the Registrar of Companies.
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