Hero Cycles Limited - Company Profile

It is a automotive public limited company based in Ludhiana, Punjab, India, established in 1966.
1966 Ludhiana, Punjab, India Active
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About Hero Cycles Limited

Hero Cycles Limited, a active public limited company, was established on 29 August 1966 in Ludhiana, Punjab, India. Engaging in bicycle mfg & retail within the manufacturing sector, it holds CIN: U35911PB1966PLC002667. Registered under ROC Roc Chandigarh. it is unlisted. It has an authorized capital of ₹40.00 Cr and a paid-up capital of ₹39.48 Cr.

Formerly known as Hero Cycles Private Limited. It upholds a compliant status. Employing 2,472 professional, Its leadership includes Pankaj Munjal (Director), Aditya Munjal (Whole-Time Director), Shashi Kant Rai (Managing Director). Past directors included Sandeep Dinodia, Pankaj Munjal, Amit Gupta. It holds ₹802.99 Cr open charges and ₹1,803.66 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Hero Nagarg T Road Ludhiana, Ludhiana, Punjab, 141003.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U35911PB1966PLC002667

  • Registration Number

    002667

  • Incorporation Date

    29 August 1966

  • Authorized Capital

    ₹40.00 Cr

  • Paid-Up Capital

    ₹39.48 Cr

  • ROC Code

    Roc Chandigarh

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 40.00 Cr
  • Paid Up Capital ₹ 39.48 Cr
  • Company Age 59 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 802.99 Cr
  • Satisfied Charges ₹ 1,803.66 Cr
  • Revenue Growth **** -10.82%
  • Profit Growth **** 449.06%
  • Ebitda **** 323.07%
  • Net Worth 8.77%
  • Total Assets **** 0.51%
Company report

Hero Cycles Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Hero Cycles Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Hero Cycles Limited?
Current Directors
Name Designation Appointment Date Status
Pankaj Munjal Director 01 Jun 2006 Current
Aditya Munjal Whole-Time Director 16 Nov 2019 Current
Shashi Kant Rai Managing Director 13 Jan 1986 Current
Freyan Jamshed Desai Director 04 Mar 2024 Current
Abhishek Munjal Director 16 Nov 2019 Current
Tarun Vohra Director 14 Mar 2019 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 21 May 2018 Past
Pramod Abcsdd Whole-Time Director 05 Feb 2022 Past
Pramod Abcsdd Whole-Time Director 14 Sep 2022 Past
Pramod Abcsdd Additional Director 30 Dec 2020 Past
Pramod Abcsdd Company Secretary 16 Apr 2024 Past
Pramod Abcsdd Managing Director 13 Aug 2015 Past

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Financial Performance of Hero Cycles.

Hero Cycles Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 10.82% decrease. The company also saw a substantial improvement in profitability, with a 449.06% increase in profit. The company's net worth moved up by a moderate rise of 8.77%.

Hero Cycles revenue growth over time
Hero Cycles profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 -10.82%
*******
*******
*******
*******
Revenue from Operations
*******
 -20.02%
*******
*******
*******
*******
Total Assets
*******
 0.51%
*******
*******
*******
*******
Profit or Loss
*******
 449.06%
*******
*******
*******
*******
Net Worth
*******
 8.77%
*******
*******
*******
*******
EBITDA
*******
 323.07%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Hero Cycles?

In 2023, Hero Cycles had a promoter holding of 100.00%. The company had 6 Subsidiaries, 3 Joint Ventures and 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹8,029,900,000.00

Satisfied Charges

₹18,036,592,200.00

Charges Breakdown by Lending Institutions
  • Others : 802.99 Cr
Latest Charge Details
Date Lender Amount Status
29 Aug 2025 Others ₹80.00 Cr Open
12 Mar 2024 Others ₹199.99 Cr Open
29 Feb 2024 Others ₹25.00 Cr Open
06 Oct 2022 Others ₹60.00 Cr Open
31 Jan 2022 Others ₹438.00 Cr Open

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How Many Employees Work at Hero Cycles?

Hero Cycles has a workforce of 2472 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Hero Cycles, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Hero Cycles's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Hero Cycles
Recent Activity within the Organization
  • Charges

    Progress on A charge registered on 02 Mar 2023 via Charge ID 100681716 with Others was fully satisfied on 08 Dec 2025. was documented.

  • Charges

    A charge with Others amounted to Rs. 80.00 Cr with Charge ID 101157916 was registered on 29 Aug 2025. was recorded as a recent event.

  • Charges

    A charge registered on 27 Sep 2021 via Charge ID 100491851 with Others was fully satisfied on 18 Mar 2025. was recorded as a recent event.

  • Director Appointment

    The activity Sonali Gupta was appointed as a Company Secretary was appointed as a Company Secretary on 18 Mar 2025 & has been associated with this company since 10 months 25 days . was completed.

  • Annual General Meeting

    Progress on Hero Cycles Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was documented.

  • Charges

    The activity A charge with Others of Rs. 199.99 Cr registered on 12 Mar 2024 with Charge ID 100894517 was modified on 27 Aug 2024. was completed.

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Recent News, Updates & Announcement

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Frequently Asked Questions
What is the CIN of Hero Cycles Limited?

The CIN of Hero Cycles Limited is U35911PB1966PLC002667.

Where is Hero Cycles Limited headquartered?

Hero Cycles Limited is headquartered at Hero Nagarg T Road Ludhiana, Ludhiana, Punjab, 141003.

When was Hero Cycles Limited incorporated?

Hero Cycles Limited was incorporated on 29 August 1966.

Who are the current directors of Hero Cycles Limited?

The current directors of Hero Cycles Limited are

What is the primary industry of Hero Cycles Limited?

The primary industry of Hero Cycles Limited is Manufacturing.

Is Hero Cycles Limited a listed company?

Hero Cycles Limited is unlisted.

What is the capital structure of Hero Cycles Limited?

The authorized capital of Hero Cycles Limited is ₹40.00 Cr, and the paid-up capital is ₹39.48 Cr.

What is the compliance status of Hero Cycles Limited?

The compliance status of Hero Cycles Limited is Compliant.

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