About
Basic Data Updated:
7 days agoThe manufacturing of bicycles is carried out by Hero Cycles Limited, as stated in the credit rating report. With a manufacturing capacity of 6.5 million bicycles per year, the company has established units in Ludhiana, Punjab; Bihta, Bihar; and Ghaziabad, Uttar Pradesh. In addition to bicycles, the company also produces automotive rims and components. The Ludhiana unit is responsible for the production of major components such as Frame, Fork, Handle, Rims, Mudguards, and others. It holds the distinction of being the first company to introduce aluminum frame bicycles in India. The brand name HAWK is used for exporting to various countries. The company has a vast network of over 250 suppliers, approximately 2800 dealerships, and a workforce of over 4,300 employees. It has also been awarded ... Read More
Industry
Company Details
- LocationLudhiana, Punjab
- Website1222442
- Telephone1222442
- Email Address1222442
- Social Media1222442
| CIN/LLPIN/FCRN | U35911PB1966PLC002667 |
| Company No. | 002667 |
| Company Classification | Public Limited Indian Non-Government Company |
| Incorporation Date | 29 Aug 1966 |
| Date of AGM | 30 Dec 2023 |
| Date of Balance Sheet | 31 Mar 2023 |
| Listing Status | Unlisted |
| ROC Code | Roc Chandigarh |
Products or Services related to Hero Cycles Limited
Hero Cycle
Ladies Cycle
Hero Kids Cycle
Bicycle
Financials of Hero Cycles Limited
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Corporate Structure
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People in Hero Cycles Limited
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Executive Team (2)
Shashi Rai
Managing DirectorAppointment Date: 13-Jan-1986
Status: Current
MJ
Mayank Jain CFOAppointment Date: 29-Dec-2023
Status: Current
Board Members(5)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 12 Mar 2024 | ₹200.00 Cr | Open |
Others Creation Date: 29 Feb 2024 | ₹25.00 Cr | Open |
Others Creation Date: 02 Mar 2023 | ₹70.00 Cr | Open |
Deals i
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Rating
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Alert
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Related Corporates (Common Directorship)
16 years 10 months 
Recent activity within the organization
Charges
A charge registered on 01 Oct 2021 via Charge ID 100497332 with Axis Bank Limited was fully satisfied on 03 Apr 2024.
03 Apr 2024Charges
A charge with Others of Rs. 11.50 cr registered on 27 Sep 2021 with Charge ID 100491851 was modified on 30 Mar 2024.
30 Mar 2024Charges
A charge registered on 21 Apr 2022 via Charge ID 100573835 with Others was fully satisfied on 20 Mar 2024.
20 Mar 2024Director Appointment
Freyan Jamshed Desai was appointed as a Additional Director was appointed as a Additional Director on 18 Mar 2024 & has been associated with this company since 1 month 11 days .
18 Mar 2024Charges
A charge with Others amounted to Rs. 200.00 cr with Charge ID 100894517 was registered on 12 Mar 2024.
12 Mar 2024
Recent News, Updates & Announcement
Hero Cycles to up stake in Sri Lankan manufacturer BSH.CyclingIndustry 30 May 2018
- Hero Cycles sales up 31 pc to 424 lakh units in July.
Btvi 05 Aug 2017
- Hero Keen To Invest 400 Cr For Cycle Valley In Punjab.
siliconindia 24 Apr 2017
- YAAP Digital acquires Brand Planet Consultants for 3 million Mint.
The founders of Brand Planet Consultants India Anjan Roy and Shouvik Roy will join the YAAP Digital management team as senior partners.
mint 07 Sep 2016
- Legendary Mahatma Satyanand Munjal Founder of Hero Cycles Passes Away at 99 in Ludhiana Punjab CM and Ministers Pay Tribute.
Hero Cycles Mahatma Satyanand Munjal 99 passes away in Ludhiana Survived by 6 children he was a respected businessman and Arya Samajist He built the Hero Group now a top Indian conglomerate Punjab CM and ministers mourn his loss RIP HeroCycles Legend MahatmaMunjal.
mint 14 Apr 2016
Frequently asked questions
What is the Incorporation or founding date of Hero Cycles Limited?
