MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-12-0020739
Dhallson Cycles (India) Pvt Ltd - automotive in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹23.39 Cr
▲ 35% YoY
Net profit · FY 2024
₹22.54 Lakh
Net margin 1%
EBITDA · FY 2024
₹94.33 Lakh
EBITDA margin 4%
Authorised capital
₹24 Lakh
Registered with MCA
Paid-up capital
₹22.26 Lakh
Issued & subscribed
Open charges
₹3.57 Cr
Satisfied ₹7.68 Cr
Company age
32 yrs
Est. 1994
Employees · EPFO
5
Provident fund records
About Dhallson Cycles (India) Pvt Ltd
Data last updated:
Dhallson Cycles (India) Pvt Ltd is a private limited company based in Ludhiana, Punjab, India. It operates in the bicycle mfg and retail segment of the automotive sector. It was incorporated on 18 July 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U35921PB1994PTC014836. Its GSTIN is 03AACCD6587G1ZN (Punjab).
The company has an authorised share capital of ₹24 Lakh and a paid-up capital of ₹22.26 Lakh. It is led by directors Venus Dhall (Whole-Time Director) and Surinder Kumar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C 191 Phase VII Focal Point, Ludhiana, Punjab, India – 141010.
As per the financials filed for FY 2024, the company reported a revenue of ₹23.39 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net profit of ₹22.54 Lakh (net margin 1%) and EBITDA of ₹94.33 Lakh (EBITDA margin 4%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 19% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.57 Cr and satisfied charges of ₹7.68 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it.
Dhallson Cycles (India) Pvt Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0020739). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dhallson.com.
Company details
CIN U35921PB1994PTC014836
Registration Number 014836
Incorporation Date 18 July 1994
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-PB-12-0020739
Recognitions & Rankings of Dhallson Cycles (India)
Contact details
Dhallson Cycles (India) Pvt Ltd's registered office is in Ludhiana, Punjab. Its website is dhallson.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC 191 Phase VII Focal Point, Ludhiana, Punjab, India – 141010
- IndustryAutomotive, Bicycle Mfg & Retail
To see the full contact details of Dhallson Cycles (India) Pvt Ltd, buy the company report.
Comprehensive company report
Dhallson Cycles (India) Pvt Ltd - one report that includes everything
- 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
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Business activity
The main business activity of Dhallson Cycles (India) is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Dhallson Cycles (India) Pvt Ltd, buy the company report.
Financials of Dhallson Cycles (India) Pvt Ltd
FY 2025 filings availableDhallson Cycles (India) Pvt Ltd reported revenue of ₹23.39 Cr (up 35% YoY) for FY 2024.
Revenue · FY 2024
₹23.39 Cr ▲ 35%
Net profit · FY 2024
₹22.54 Lakh margin 1%
EBITDA · FY 2024
₹94.33 Lakh margin 4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 35%
3 years · compounded
▲ 18%
5 years · compounded
▲ 19%
EBITDA CAGR growth
1 year
▲ 28%
3 years · compounded
▲ 18%
5 years · compounded
▲ 9%
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 35% growth in the latest year. EBITDA rose 28% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
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| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹94.33 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹22.54 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4% | ||||
| Net Profit Margin | 1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Dhallson Cycles (India) Pvt Ltd, buy the company report.
Board of directors of Dhallson Cycles (India) Pvt Ltd
Dhallson Cycles (India) has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surinder Kumar | Director | 18 Jul 1994 | 32 Years 3 Months | Current |
| Venus Dhall | Whole-Time Director | 28 May 2015 | 11 Years 5 Months | Current |
Peer comparison
Dhallson Cycles (India) Pvt Ltd is compared with the 5 companies closest to it by revenue in the Automobiles industry (Cycles), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Spur Technologies Private Limited | ₹25.56 Cr (FY 2025) | 97.0% | Gurugram, Haryana, India | |||
| Asian Bikes Private Limited | ₹24.7 Cr (FY 2024) | 8.0% | Ludhiana, Punjab, India | |||
| Ambika Wheels Private Limited | ₹23.98 Cr (FY 2025) | 1.0% | Ludhiana, Punjab, India | |||
| Bombay Metal Works Pvt Ltd | ₹23.88 Cr (FY 2025) | 9.0% | Punjab, India | |||
| Dhallson Cycles (India) Pvt Ltdthis company | ₹23.39 Cr (FY 2024) | ₹22.54 Lakh | 1% | 35.0% | 5 | Ludhiana, Punjab, India |
| R.D. Steel Forging Private Limited | ₹22.62 Cr (FY 2025) | 40.0% | Ludhiana, Punjab, India |
To see the full peer comparison of Dhallson Cycles (India) Pvt Ltd, buy the company report.
Auditor
Dhallson Cycles (India) Pvt Ltd is audited by I.S. KHURANA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| I.S. KHURANA & CO. | FY 2023 | 005860N |
Shareholding
The shareholding of Dhallson Cycles (India) Pvt Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Dhallson Cycles (India) Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹3.57 Cr
Satisfied charges
₹7.68 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jul 2025 | 101134957 | Others | ₹1.12 Cr | Open | |
| 20 Mar 2025 | 101066495 | Hdfc Bank Limited | ₹30 Lakh | Open | |
| 30 May 2022 | 100576345 | Others | ₹1 Cr | Open | |
| 30 May 2022 | 100576700 | Others | ₹1.01 Cr | Open | |
| 29 Nov 2021 | 100526126 | Hdfc Bank Limited | ₹14.05 Lakh | Open |
To see the full charge records of Dhallson Cycles (India) Pvt Ltd, buy the company report.
Total charge records: 11 View all charges
Legal cases
Dhallson Cycles (India) Pvt Ltd has 4 court cases on record: 1 filed by Dhallson Cycles (India), 3 filed against it. All cases are disposed.
Total cases
4
Filed by the company
1
Filed against the company
3
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, East, Delhi | Criminal case | Filed against the company by M/S Tata Steel BSL Ltd | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by an individual | Disposed |
| High Court, HARYANA | Appeal | Filed by the company against an individual | Disposed |
To see the full case history of Dhallson Cycles (India) Pvt Ltd, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Dhallson Cycles (India) Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Dhallson Cycles (India) Pvt Ltd has a workforce of 5 employees on its EPFO records as of Oct 10, 2025, across 1 active EPFO establishment.
Employee count
5
Active EPFO establishments
1
Employee growth
-44.44%
GST
Dhallson Cycles (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCD6587G1ZN | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dhallson Cycles (India) Pvt Ltd, buy the company report.
Recent activity
Dhallson Cycles (India) Pvt Ltd has 5 board changes on record since 1994: 2 appointments and 3 cessations. The latest: Venus Dhall ceased to be Additional Director on 30 Sep 2015.
AGM
Dhallson Cycles (India) Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 112.00 Lakh with Charge ID 101134957 was registered on 18 Jul 2025.
Filing
Dhallson Cycles (India) Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 30.00 Lakh with Charge ID 101066495 was registered on 20 Mar 2025.
Charges
A charge with Others amounted to Rs. 100.00 Lakh with Charge ID 100576345 was registered on 30 May 2022.
Charges
A charge with Others amounted to Rs. 101.00 Lakh with Charge ID 100576700 was registered on 30 May 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 14.05 Lakh with Charge ID 100526126 was registered on 29 Nov 2021.
Charges
A charge registered on 06 Jun 2015 via Charge ID 10577821 with Axis Bank Limited was fully satisfied on 10 May 2019.
Charges
A charge registered on 28 Sep 2012 via Charge ID 10386050 with Oriental Bank Of Commerce was fully satisfied on 08 May 2016.
Charges
A charge registered on 01 Nov 2011 via Charge ID 10323709 with Oriental Bank Of Commerce was fully satisfied on 08 May 2016.
Charges
A charge registered on 07 Mar 2011 via Charge ID 10282436 with Oriental Bank Of Commerece was fully satisfied on 08 May 2016.
Charges
A charge registered on 13 Sep 2010 via Charge ID 10247767 with Oriental Bank Of Commerece was fully satisfied on 08 May 2016.
14 earlier events are in the company report.
Frequently asked questions
Dhallson Cycles (India) is an active private limited company based in Ludhiana, Punjab, India. The company works in bicycle mfg and retail, within the automotive industry. It was incorporated on 18 July 1994 (32+ years old) and is registered under CIN U35921PB1994PTC014836.
Dhallson Cycles (India) has 2 current directors:
- Venus Dhall - Whole-Time Director
- Surinder Kumar - Director
The latest financial statements of Dhallson Cycles (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Dhallson Cycles (India) is 03AACCD6587G1ZN, registered in Punjab.
The CIN (Corporate Identification Number) of Dhallson Cycles (India) is U35921PB1994PTC014836. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dhallson Cycles (India) has 4 court cases on record: 1 filed by the company and 3 filed against it. Most are in the district courts.
Dhallson Cycles (India) was incorporated on 18 July 1994, making it 32+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Dhallson Cycles (India) by revenue are Spur Technologies Private Limited, Asian Bikes Private Limited, Ambika Wheels Private Limited, Bombay Metal Works Pvt Ltd, R.D. Steel Forging Private Limited, all in the Automobiles industry (Cycles), with the same principal business activity (metal and metal products).
Venus Dhall ceased to be Additional Director on 30 Sep 2015. Darshan Lal ceased to be Managing Director on 28 May 2015. Venus Dhall was appointed as Whole-Time Director on 28 May 2015. Dhallson Cycles (India) has 5 board changes on record in total.
Yes, Dhallson Cycles (India) is registered as a small enterprise under Udyam registration (number: UDYAM-PB-12-0020739).
Dhallson Cycles (India) can be reached through the website dhallson.com. Its registered office is in Ludhiana, Punjab, India.
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