About Hero Cycles Limited
Data last updated: 24 December 2025
Hero Cycles Limited is a public limited company based in Ludhiana, Punjab, India. It specialises in bicycle mfg and retail, a part of the broader automotive sector. Incorporated on 29 August 1966, the company has been in operation for over 60 years.
Registered with ROC Chandigarh under CIN U35911PB1966PLC002667.
Capital: an authorised share capital of ₹40 Cr and a paid-up capital of ₹39.48 Cr. Formerly known as Hero Cycles Private Limited. It is led by directors including Pankaj Munjal and Aditya Munjal.
Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: Hero Nagarg T Road Ludhiana, Punjab, India – 141003.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,840.75 Cr, a decline of 10% compared to the previous year.
The company has a workforce of approximately 2,472 employees as per the latest available data. Its group structure includes 6 subsidiaries and 3 joint ventures.
The company is associated with 2 brands - Hero Lectro, Hero Cycles. As per MCA filings, the company has open charges of ₹802.99 Cr and satisfied charges of ₹1,803.66 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website herocycles.com.
-
EmailLocked
-
TelephoneLocked
-
Website
-
Social Media
-
Registered AddressHero Nagarg T Road Ludhiana, Punjab, India – 141003
-
IndustryAutomotive, Bicycle Mfg & Retail
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Hero Cycles Limited
Hero Cycles Limited has one previous CIN (Corporate Identification Number): L35911PB1966PLC002667. The current CIN is U35911PB1966PLC002667, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35911PB1966PLC002667 | Current |
| L35911PB1966PLC002667 | Previous |
Associated Brands with Hero Cycles Limited
Hero Cycles Limited operates two associated brands: Hero Lectro and Hero Cycles. These brands represent Hero Cycles Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Offers electric bicycles, cargo e-bikes, and accessories for daily transportation. | herolectro.com | |
| Bicycle manufacturing, sales, and accessory services in India. | herocycles.com |
Competitors & Alternatives of Hero Cycles Limited
Brands and companies operating in the same space as Hero Cycles Limited include EMotorad, eBik, Hornback and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
EMotorad
|
Electric bicycles and e-bikes are offered via an online platform. | Pune, India, India | 2020 |
eBik
|
Electric bicycles are manufactured with features for pedal-assisted riding. | Delhi, India, India | 2017 |
Hornback
|
Foldable electric bicycles are provided by Hornback platform. | Hyderabad, India, India | 2022 |
Svitch
|
Premium foldable electric bicycles and accessories are manufactured. | Ahmedabad, India, India | 2018 |
VAAN
|
Electric bicycles with removable batteries are manufactured by VAAN. | Kochi, India, India | 2019 |
GHM
|
Electric bicycles are designed, manufactured, and sold by GHM. | Hyderabad, India, India | 2018 |
Magnes
|
Electric bicycles and vehicles are manufactured in Mumbai, India. | Mumbai, India, India | 2016 |
Austhraa
|
Electric bicycles are manufactured by Austhraa with advanced features. | Visakhapatnam, India, India | 2020 |
Virtus Motors
|
Electric two-wheelers are manufactured with lithium batteries and advanced features. | Hyderabad, India, India | 2016 |
Business Activity of Hero Cycles Limited
Hero Cycles Limited is engaged in the principal business activity of manufacturing, with detailed activities including motor vehicles, trailers, semi trailers and other transport vehicles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles | Locked |
Business activity turnover details for Hero Cycles Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Hero Cycles Limited
Hero Cycles Limited is audited by B D Bansal & Co for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B D Bansal & Co | Locked | Locked | Locked |
Complete auditor history for Hero Cycles Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Hero Cycles Limited
Hero Cycles Limited is currently managed by 6 directors, with 34 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
Financials of Hero Cycles Limited FY 2024 filings available
Hero Cycles Limited reported revenue of ₹1,840.75 Cr (down 10.00% YoY) for FY 2024.
Ten-year financial statements for Hero Cycles Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Hero Cycles Limited
Shareholding and ownership data for Hero Cycles Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Group Structure of Hero Cycles Limited
Hero Cycles Limited has 6 subsidiary companies, 3 joint ventures, and 2 associated companies. This group structure data is as of FY 2023. The corporate group structure reflects Hero Cycles Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Hero Motors Limited | U29299PB1998PLC039602 | Locked |
| Hero Transmission Private Limited | U35122HR2009PTC075575 | Locked |
| Hmc E-Valley Private Limited | U35911PB2020PTC050642 | Locked |
| Ut Bikes Private Limited | U35920PB1988PTC008589 | Locked |
| Firefox Bikes Private Limited | U35921HR2004PTC075576 | Locked |
| Hero Pbg Cycles Private Limited | U74900HR2007PTC073820 | Locked |
Showing major subsidiaries. Total: 6.
Charges & Borrowings of Hero Cycles Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Aug 2025 | Others | ₹80 Cr | Open |
| 12 Mar 2024 | Others | ₹199.99 Cr | Open |
| 29 Feb 2024 | Others | ₹25 Cr | Open |
| 06 Oct 2022 | Others | ₹60 Cr | Open |
| 31 Jan 2022 | Others | ₹438 Cr | Open |
Total charge records: 30 View all charges
Employees and EPFO Compliance at Hero Cycles Limited
Hero Cycles Limited has a workforce of 2,472 employees as of Apr 07, 2024.
Employee and EPFO history for Hero Cycles Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Hero Cycles Limited
GST registrations and filing compliance for Hero Cycles Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Hero Cycles Limited
Credit ratings, litigation, and regulatory alerts for Hero Cycles Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Hero Cycles Limited
MSME payment history for Hero Cycles Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Hero Cycles Limited
Corporate group structure for Hero Cycles Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Hero Cycles Limited
MCA filings and documents for Hero Cycles Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Hero Cycles Limited
Recent News on Hero Cycles Limited
Frequently Asked Questions about Hero Cycles Limited
Hero Cycles Limited is an active public limited company in the automotive sector based in Ludhiana, Punjab, India. It was incorporated on 29 August 1966 (60+ years old) and is registered under CIN U35911PB1966PLC002667. The company has 2,472 employees.
Hero Cycles Limited reported revenue of ₹1,840.75 Cr for FY 2024 (down 10.00% YoY).
The current directors of Hero Cycles Limited are:
- Pankaj Munjal - Director
- Aditya Munjal - Whole-Time Director
- Shashi Kant Rai - Managing Director
- Freyan Jamshed Desai - Director
- Abhishek Munjal - Director
- Tarun Vohra - Director
The primary industry of Hero Cycles Limited is automotive. The company specifically operates in bicycle mfg and retail. The company is currently active in this sector.
Hero Cycles Limited can be reached at the registered office: Hero Nagarg T Road Ludhiana, Punjab, India – 141003, or through the website herocycles.com.
The authorised capital is ₹40 Cr, and the paid-up capital is ₹39.48 Cr.