Heato Cycles Private Limited
About Heato Cycles Private Limited
Data last updated:
Heato Cycles Private Limited is a private limited company based in Jugiana, Punjab, India. It operates in the bicycle mfg and retail segment of the automotive sector. It was incorporated on 07 January 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U27109PB2019PTC048870. Its GSTIN is 03AAECH7665R1ZX (Punjab).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹10.8 Lakh. It is led by directors Rohit Raheja and Amit Raheja.
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 Uco Bank Road, Jugiana, Punjab, India – 141017.
As per the financials filed for FY 2024, the company reported a revenue of ₹16.68 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹21.7 Lakh (net margin 1.3%) and EBITDA of ₹1.24 Cr (EBITDA margin 7.4%). Revenue has grown at a compounded annual rate (CAGR) of 101% over three years and 211% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.68 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
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- Registered AddressUco Bank Road, Jugiana, Punjab, India – 141017
- IndustryAutomotive, Bicycle Mfg & Retail
- 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
- One PDF report, delivered after checkout
Business Activity of Heato Cycles Private Limited
The main business activity of Heato Cycles is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Heato Cycles Private Limited FY 2025 filings available
Heato Cycles Private Limited reported revenue of ₹16.68 Cr (down 5% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Heato Cycles Private Limited
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 211%. EBITDA rose 47% 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 of Heato Cycles Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.24 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹21.7 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Heato Cycles Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.3% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Heato Cycles are in the company report.
Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Heato Cycles Private Limited
Heato Cycles has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohit Raheja | Director | 07 Jan 2019 | 7 Years 9 Months | Current |
| Amit Raheja Also directs: Heato Land Corp Private Limited | Director | 07 Jan 2019 | 7 Years 9 Months | Current |
Peer Comparison of Heato Cycles Private Limited
Heato Cycles Private Limited is compared with the companies closest to it by revenue in the Automobiles industry (Cycles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dlyft India LLP | ₹18.02 Cr (FY 2024) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| M K Cycles Pvt Ltd | ₹17.87 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Kolkata, West Bengal, India |
| La Sovereign Bicycles Private Limited | ₹17.53 Cr (FY 2025) | •••• | •••• | 63.0% | •••• | Ludhiana, Punjab, India |
| Pee Dee Cycles Private Limited | ₹16.9 Cr (FY 2024) | •••• | •••• | 24.0% | •••• | Ludhiana, Punjab, India |
| Navyug Namdhari Ecosystems Private Limited | ₹16.82 Cr (FY 2025) | •••• | •••• | 2282.0% | •••• | Ludhiana, Punjab, India |
| Heato Cycles Private Limited this company | ₹16.68 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Jugiana, Punjab, India |
| Actino Cycle Private Limited | ₹16.48 Cr (FY 2024) | •••• | •••• | 97.0% | •••• | Sonipat, Haryana, India |
| Deoghar Cycles Private Limited | ₹15.73 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Kolkata, West Bengal, India |
| Sun Flower Cycles Private Limited | ₹15.27 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Ludhiana, Punjab, India |
| Gurdashmesh Cycles Private Limited | ₹15.14 Cr (FY 2024) | •••• | •••• | -25.0% | •••• | New Delhi, Delhi, India |
| Blix Cycles and E-Vehicles Private Limited | ₹15.1 Cr (FY 2022) | •••• | •••• | 126293.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Heato Cycles by revenue in the Automobiles industry (Cycles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Heato Cycles Private Limited
Heato Cycles Private Limited is audited by JTJ & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JTJ & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Heato Cycles Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Heato Cycles Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Jan 2025 | Hdfc Bank Limited | ₹37.86 Lakh | Open |
| 09 May 2022 | Others | ₹3.3 Cr | Open |
Total charge records: 2 View all charges
Legal Cases of Heato Cycles Private Limited
Heato Cycles Private Limited has 1 court case on record: 1 filed by Heato Cycles. All case is pending. Status as checked on 21 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against Gulhati Industrial Corporation | Pending |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Heato Cycles Private Limited
Heato Cycles Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Everest Auto Industries | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Heato Cycles Private Limited
Heato Cycles Private Limited has a workforce of 20 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Heato Cycles Private Limited
Heato Cycles Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Amit Raheja was appointed as Director on 07 Jan 2019.
Credit Ratings, Litigation & Regulatory Alerts for Heato Cycles Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Heato Cycles Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Heato Cycles Private Limited
Heato Cycles has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAECH7665R1ZX | Punjab | Active | 03 Feb 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Heato Cycles Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Heato Cycles Private Limited
Heato Cycles is an active private limited company based in Jugiana, Punjab, India. The company works in bicycle mfg and retail, within the automotive industry. It was incorporated on 07 January 2019 (7+ years old) and is registered under CIN U27109PB2019PTC048870.
Heato Cycles reported revenue of ₹16.68 Cr for FY 2024 (down 5% YoY).
Heato Cycles has 2 current directors:
- Rohit Raheja - Director
- Amit Raheja - Director
Heato Cycles reported a net profit of ₹21.7 Lakh (net margin 1.3%) and EBITDA of ₹1.24 Cr (EBITDA margin 7.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Heato Cycles is 101% over three years and 211% over five years. In the latest year (FY 2024) revenue fell 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Heato Cycles is 03AAECH7665R1ZX, registered in Punjab.
The CIN (Corporate Identification Number) of Heato Cycles is U27109PB2019PTC048870. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Heato Cycles has 1 court case on record: 1 filed by the company. 1 is pending.
Heato Cycles was incorporated on 07 January 2019, making it 7+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Heato Cycles by revenue are Dlyft India LLP, M K Cycles Pvt Ltd, La Sovereign Bicycles Private Limited, Pee Dee Cycles Private Limited, Navyug Namdhari Ecosystems Private Limited and 5 more, all in the Automobiles industry (Cycles).
Amit Raheja was appointed as Director on 07 Jan 2019. Rohit Raheja was appointed as Director on 07 Jan 2019.
Heato Cycles has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 08 Jun 2019.