About Hero Ecotech
Hero Ecotech is a Transportation, Automotive & Logistics company based in Ludhiana (India) founded in 2002. Hero Ecotech is recognized as a leader in innovative cycling solutions. It operates on a Direct-to-Consumer (D2C) and Reseller / Distribution model. Its Indian entity Hero Ecotech Limited reported revenue of ₹716 Cr. Hero Ecotech offers products and services including Bicycles and Electric Cycles. Its focus areas include Manufacturing, Bicycle Manufacturing and Sustainable Mobility Solutions.
Company details
Hero Ecotech is engaged in the production of high-quality bicycles and electric cycles, integrating advanced technology with sustainable practices. The company operates in the mobility sector, focusing on environmental health and greener communities. Solutions are exported to over 16 countries, including the US, UK, and EU, while maintaining state-of-the-art manufacturing facilities in India.
- Headquarters Ludhiana, India
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website heroecotech.in
- Legal Name Hero Ecotech Limited
- Date of Incorporation 06 Nov, 2008
- Jurisdiction Ludhiana, Punjab, India
- Annual Revenue₹716 Cr
FY 2025 · +47% YoY
- Net Loss-₹41.62 Cr
FY 2025 · -6% margin
- EBITDA-₹21.18 Cr
FY 2025 · -3% margin
Associated legal entities of Hero Ecotech
Hero Ecotech operates through Hero Ecotech Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hero Ecotech Limited CIN U35900PB2008PLC034755 | Active | 06 Nov 2008 | Ludhiana, Punjab | ₹716 Cr | 514 | 6 | View details |
Products & Services of Hero Ecotech
Hero Ecotech offers a comprehensive portfolio of products and services, including Bicycles and Electric Cycles.
Bicycles are manufactured with advanced technology for sustainable mobility.
Electric cycles are produced for eco-friendly and efficient transportation.
Board of directors of Hero Ecotech Limited (Hero Ecotech)
Hero Ecotech Limited is the primary company behind Hero Ecotech. The board of Hero Ecotech Limited currently have 6 directors; the longest-serving is Gaurav Munjal, appointed in 2008. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gaurav Munjal DIN 00084532 | Managing Director | 06 Nov 2008 | 18 yrs | Hero Ecotech Limited |
| Vijay Munjal DIN 00002782 | Director | 06 Nov 2008 | 18 yrs | Hero Ecotech Limited |
| Harish Bhatt DIN 03519768 | Director | 16 Feb 2017 | 9 yrs 8 mo | Hero Ecotech Limited |
| Samita Munjal DIN 07969696 | Director | 30 Sep 2017 | 9 yrs 1 mo | Hero Ecotech Limited |
| Anil Kumar DIN 00009928 | Director | 30 Sep 2018 | 8 yrs 1 mo | Hero Ecotech Limited |
| Shivom Munjal DIN 10716381 | Director | 06 Aug 2024 | 2 yrs 3 mo | Hero Ecotech Limited |
People of Hero Ecotech
5 people are tracked at Hero Ecotech (3 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Ashvini Kumar Nozal | Head- HR And Strategies At Hero Eco Group (hero Ecotech Ltd) | Leadership |
Gaurav M. | Managing Director | Leadership |
Ranjit Singh Sekhon | Opertions Head | Leadership |
Himanshu Rattan | Assistant Manager International Sales Marketing | Team |
Navneet Singh | Executive Assistant | Team |
Complete people profiles for Hero Ecotech
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Hero Ecotech
Figures of Hero Ecotech Limited, the primary company behind Hero Ecotech, for FY 2025. Revenue was ₹716 Cr (+47% year on year). Net loss was -₹41.62 Cr (-6% margin). EBITDA was -₹21.18 Cr (-3% margin). Revenue has grown at a compounded annual rate of +11% over three years and +17% over five years.
- ₹716 CrRevenue · FY 2025 · +47% YoY
- -₹41.62 CrNet loss · -6% margin
- -₹21.18 CrEBITDA · -3% margin
- ₹5.00 CrPaid-up capital
- 514Employees (provident fund records)
- +11%Revenue CAGR, 3 years
- +17%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Hero Ecotech Limited are on its company page.
Detailed financial statements for Hero Ecotech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Top companies in Bicycles & Micro-Mobility
3 companies that operate in the same segment as Hero Ecotech (Bicycles & Micro-Mobility) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Bicycles are manufactured and distributed from Gurugram, India. | 2004 | Gurugram, Haryana, India | USD 7.46 M | 60 | ||
Manufactures electric bikes for eco-friendly short-distance travel in India. | 2020 | Hyderabad, Telangana, India | USD 456.51 K | |||
Manufacturing of bicycles, e-bikes, and automotive components with a focus on global mobility and engineering solutions. | 2017 | Delhi, Delhi, India | USD 31.87 K | 1 |
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Frequently Asked Questions about Hero Ecotech
Hero Ecotech was founded in 2002.
Hero Ecotech is headquartered in Ludhiana, India. It is registered at Ludhiana, Punjab, India.
The primary company behind Hero Ecotech, Hero Ecotech Limited, reported revenue of ₹716 Cr for FY 2025, up 47% year on year.
Hero Ecotech is engaged in the production of high-quality bicycles and electric cycles, integrating advanced technology with sustainable practices. The company operates in the mobility sector, focusing on environmental health and greener communities. Solutions are exported to over 16 countries, including the US, UK, and EU, while maintaining state-of-the-art manufacturing facilities in India.
Hero Ecotech offers Bicycles and Electric Cycles.
Hero Ecotech operates through Hero Ecotech Limited.
The legal entities of Hero Ecotech currently have 6 directors, including Anil Kumar, Harish Bhatt, Gaurav Munjal and others.