About Hero Cycles
Hero Cycles is an Industrial Goods & Manufacturing company based in Gurugram (India) founded in 1956. Bicycle manufacturing, sales, and accessory services in India. The company has 2,472 employees. Hero Cycles has completed 3 acquisitions, including Avocet Sports, Firefox Bikes and MIFA. Its website herocycles.com draws about 196 thousand monthly visits. Its Indian entity Hero Cycles Limited reported revenue of ₹1,841 Cr. Hero Cycles offers products and services including Bicycles and Accessories. Its focus areas include Manufacturing, Accessories and Services, Cycling Accessories and Safety and Maintenance Products.
Company details
Hero Cycles is identified as the largest bicycle manufacturer in India, having been founded in 1956 and producing over 167 million cycles by 2020. A diverse array of products is offered, including mountain bikes, kids cycles, e-cycles, and accessories, catering to various age groups and terrains. Services such as warranty registration, store locations, and customer support are provided through an extensive network of over 20,000 dealers. Quality is maintained via rigorous testing and innovative designs, serving more than 180 million customers globally with a focus on safety and durability.
- Annual Revenue₹1,841 Cr
FY 2024 · -10% YoY
- Net Loss-₹44.57 Cr
FY 2024 · -2% margin
- EBITDA₹21.97 Cr
FY 2024 · 1% margin
- Employee Count2,472
- Investments & AcquisitionsAvocet Sports
& 2 more
Associated legal entities of Hero Cycles
Hero Cycles operates through Hero Cycles Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hero Cycles Limited CIN U35911PB1966PLC002667 | Active | 29 Aug 1966 | Ludhiana, Punjab | ₹1,841 Cr | 2,472 | 8 | View details |
Products & Services of Hero Cycles
Hero Cycles offers a comprehensive portfolio of products and services, including Bicycles and Accessories.
Various types of bicycles are manufactured and sold for different terrains and users, including mountain, kids', and e-cycles
Accessories such as bags, lights, locks, and covers are provided to enhance the cycling experience
Apps and channels of Hero Cycles
its YouTube channel Hero Cycles has 32.8K subscribers and 30 videos.
Videos from Hero Cycles
The most watched videos on Hero Cycles's YouTube channel, Hero Cycles (32.8K subscribers). Click a video to play it here.
More on Hero Cycles.
Board of directors of Hero Cycles Limited (Hero Cycles)
Hero Cycles Limited is the primary company behind Hero Cycles. The board of Hero Cycles Limited currently have 6 directors; the longest-serving is Shashi Kant Rai, appointed in 1986. 37 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shashi Kant Rai DIN 00002954 | Managing Director | 13 Jan 1986 | 40 yrs 9 mo | Hero Cycles Limited |
| Pankaj Munjal DIN 00005330 | Director | 01 Jun 2006 | 20 yrs 4 mo | Hero Cycles Limited |
| Tarun Vohra DIN 00030470 | Director | 14 Mar 2019 | 7 yrs 7 mo | Hero Cycles Limited |
| Aditya Munjal DIN 05349407 | Whole-time director | 16 Nov 2019 | 6 yrs 11 mo | Hero Cycles Limited |
| Abhishek Munjal DIN 05355274 | Director | 16 Nov 2019 | 6 yrs 11 mo | Hero Cycles Limited |
| Freyan Jamshed Desai DIN 00965073 | Director | 04 Mar 2024 | 2 yrs 7 mo | Hero Cycles Limited |
People of Hero Cycles
4 people are tracked at Hero Cycles (3 in leadership, 1 in team); the tracked headcount is 2,472.
| Name | Role | Group |
|---|---|---|
Ashish Sood | Head Of Brand | Leadership |
Rohit Sharma | Chief Marketing Officer | Leadership |
Narayan Jee | Senior General Manager Marketing | Leadership |
Abhinav Dhingra | Senior Brand Manager | Team |
Complete people profiles for Hero Cycles
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Financials of Hero Cycles
Figures of Hero Cycles Limited, the primary company behind Hero Cycles, for FY 2024. Revenue was ₹1,841 Cr (-10% year on year). Net loss was -₹44.57 Cr (-2% margin). EBITDA was ₹21.97 Cr (1% margin). Revenue has grown at a compounded annual rate of -10% over three years and -5% over five years.
- ₹1,841 CrRevenue · FY 2024 · -10% YoY
- -₹44.57 CrNet loss · -2% margin
- ₹21.97 CrEBITDA · 1% margin
- ₹39.48 CrPaid-up capital
- 2,472Employees (provident fund records)
- -10%Revenue CAGR, 3 years
- -5%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Hero Cycles Limited are on its company page.
Detailed financial statements for Hero Cycles
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Investments & Acquisitions by Hero Cycles
Hero Cycles has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Avocet Sports, Firefox Bikes and MIFA.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Bicycles are manufactured and distributed from Gurugram, India. | firefoxbikes.com | Gurugram, India | 2004 | Sep 2015 | $22.58M | |
Retailer of bike for riders | avocetsports.co.uk | Manchester, United Kingdom | 2009 | Aug 2015 | •••• | |
Limited information available | mifa.de | Sangerhausen, Germany | 1995 | Aug 2014 | $25.16M |
Complete acquisition details for Hero Cycles
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Timeline of Hero Cycles
4 dated milestones of Hero Cycles across 59 years, from founding to its latest funding, stage changes and deals.
- Founded Hero Cycles is founded.
- Acquisition Acquires MIFA.
- Acquisition Acquires Avocet Sports.
- Acquisition Acquires Firefox Bikes.
Web traffic of Hero Cycles
The website of Hero Cycles (herocycles.com) receives about 196.5K visits a month and ranks #183,015 among all websites worldwide, #5,954 in Cycling and Biking.
- Monthly visits196.5K
▲ 4.6% vs previous month
- Unique visitors113.5K
per month
- Global rank#183,015
among all websites
- Category rank#5,954
Sports · Cycling and Biking
- Bounce rate30%
- Pages per visit4.0
- Average visit1 min 29 sec
- DevicesDesktop 21% · Mobile 79%
Websites whose visitors overlap most with Hero Cycles. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| firefoxbikes.com | 100% | 7.1K | #3,346,112 | View details | |
| choosemybicycle.com | 77% | 100.9K | #388,882 | View details | |
| bsahercules.com | 73% | 10K | #1,512,367 | View details | |
hercules.in | hercules.in | 66% | #553,465 | – | |
stryderbikes.com | stryderbikes.com | 65% | #321,578 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Hero Cycles
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Related news about Hero Cycles
Complete news archive for Hero Cycles
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Frequently Asked Questions about Hero Cycles
Hero Cycles was founded in 1956.
Hero Cycles is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Hero Cycles has 2,472 employees.
The primary company behind Hero Cycles, Hero Cycles Limited, reported revenue of ₹1,841 Cr for FY 2024, down 10% year on year.
Hero Cycles is identified as the largest bicycle manufacturer in India, having been founded in 1956 and producing over 167 million cycles by 2020. A diverse array of products is offered, including mountain bikes, kids cycles, e-cycles, and accessories, catering to various age groups and terrains. Services such as warranty registration, store locations, and customer support are provided through an extensive network of over 20,000 dealers. Quality is maintained via rigorous testing and innovative designs, serving more than 180 million customers globally with a focus on safety and durability.
Hero Cycles offers Bicycles and Accessories.
Hero Cycles has made 3 acquisitions, including Avocet Sports, Firefox Bikes, and MIFA.
Hero Cycles operates through Hero Cycles Limited.
The legal entities of Hero Cycles currently have 8 directors, including Pankaj Munjal, Aditya Munjal, Shashi Kant Rai and others.
The website of Hero Cycles receives about 196 thousand visits a month and ranks #183,015 among all websites worldwide.