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 ₹872.99 Cr open charges and ₹1,733.66 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.
U35911PB1966PLC002667
002667
29 August 1966
₹40.00 Cr
₹39.48 Cr
Roc Chandigarh
Unlisted
Active
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| 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 |
| 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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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%.
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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.
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₹8,729,900,000.00
₹17,336,592,200.00
| 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 |
| 02 Mar 2023 | Others | ₹70.00 Cr | Open |
| 06 Oct 2022 | Others | ₹60.00 Cr | Open |
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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.
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.
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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.
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.
The activity A charge registered on 27 Sep 2021 via Charge ID 100491851 with Others was fully satisfied on 18 Mar 2025. was completed.
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 8 months 14 days . was completed.
Progress on Hero Cycles Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was documented.
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.
Progress on Bikash Jain was appointed as a Cfo was appointed as a Cfo on 21 Aug 2024 & has been associated with this company since 1 year 3 months . was documented.
The CIN of Hero Cycles Limited is U35911PB1966PLC002667.
Hero Cycles Limited is headquartered at Hero Nagarg T Road Ludhiana, Ludhiana, Punjab, 141003.
Hero Cycles Limited was incorporated on 29 August 1966.
The current directors of Hero Cycles Limited are
The primary industry of Hero Cycles Limited is Manufacturing.
Hero Cycles Limited is unlisted.
The authorized capital of Hero Cycles Limited is ₹40.00 Cr, and the paid-up capital is ₹39.48 Cr.
The compliance status of Hero Cycles Limited is Compliant.
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