About Hero Cycles
Hero Cycles is a company based in Gurugram (India) founded in 1956.. The company has 2,472 employees as of April 07, 2024. Hero Cycles has completed 3 acquisitions, including Avocet Sports, Firefox Bikes and MIFA. Hero Cycles offers products and services including Bicycles and Accessories.
- Headquarter Gurugram, India
- Employees 2472 as on 07 Apr, 2024
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Sectors
Industrial Goods & Manufacturing
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Phone
*********
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Social
*********
- Legal Name Hero Cycles Ltd
- Jurisdiction Ludhiana, Punjab, India
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Annual Revenue
$246.88 M (USD)-34.14as on Mar 31, 2023
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Net Profit
$4.02 M (USD)-53.28as on Mar 31, 2023
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EBITDA
$-9.36 M (USD)-299.44as on Mar 31, 2023
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Latest Funding Round
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Investors
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Employee Count
2472
as on Apr 07, 2024
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Investments & Acquisitions
Avocet Sports
& 2 more
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Products & Services of Hero Cycles
Hero Cycles offers a comprehensive portfolio of products and services, including Bicycles and Accessories. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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Funding Insights of Hero Cycles
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Retailer of bike for riders
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2009 | ||||
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Bicycles are manufactured and distributed from Gurugram, India.
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2004 | ||||
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Limited information available
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1995 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Hero Cycles
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hero Cycles Comparisons
Competitors of Hero Cycles
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hero Cycles
Frequently Asked Questions about Hero Cycles
When was Hero Cycles founded?
Hero Cycles was founded in 1956.
Where is Hero Cycles located?
Hero Cycles is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
How many employees does Hero Cycles have?
As of Apr 07, 2024, the latest employee count at Hero Cycles is 2,472.
What is the annual revenue of Hero Cycles?
Annual revenue of Hero Cycles is $246.88M as on Mar 31, 2023.
What does Hero Cycles do?
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.
What products or services does Hero Cycles offer?
Hero Cycles offers Bicycles and Accessories.
How many acquisitions has Hero Cycles made?
Hero Cycles has made 3 acquisitions, including Avocet Sports, Firefox Bikes, and MIFA.