India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #697 Onkar Singh Pahwa & family ₹4,600 Cr
- #793 Pankaj Munjal & family ₹3,900 Cr
Ludhiana Advanced Centre for Cycle Technology
Ludhiana Advanced Centre for Cycle Technology - automotive in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Active Public Not For Profit Company automotive
Revenue · FY 2026
₹2.06 Lakh
▲ 239% YoY
Net profit · FY 2026
₹1.14 Lakh
Net margin 55.6%
EBITDA · FY 2026
₹1.15 Lakh
EBITDA margin 55.6%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹32 Lakh
Issued & subscribed
Company age
4 yrs
Est. 2022
Directors on board
5
As per MCA filings
Last financials
Mar 2025
Balance sheet date
About Ludhiana Advanced Centre for Cycle Technology
Data last updated:
Ludhiana Advanced Centre for Cycle Technology is a public not for profit company based in Ludhiana, Punjab, India. It operates in the bicycle mfg and retail segment of the automotive sector. It was incorporated on 25 January 2022.
Its director Onkar Singh Pahwa and family are #697 among India's richest people (2026). Its director Pankaj Munjal and family are #793 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U73100PB2022NPL055080.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹32 Lakh. It is led by directors including Pankaj Munjal and Shashi Kant Rai.
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 # 354 B – 23 Industrial Area – A Bhagwati Towers, Ludhiana, Punjab, India – 141003.
As per the financials filed for FY 2026, the company reported a revenue of ₹2.06 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.14 Lakh (net margin 55.6%) and EBITDA of ₹1.15 Lakh (EBITDA margin 55.6%).
Company details
CIN U73100PB2022NPL055080
Registration Number 055080
Incorporation Date 25 January 2022
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Recognitions & Rankings of Ludhiana Advanced Centre for Cycle Technology
Contact details
Ludhiana Advanced Centre for Cycle Technology's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address# 354 B – 23 Industrial Area – A Bhagwati Towers, Ludhiana, Punjab, India – 141003
- IndustryAutomotive, Bicycle Mfg & Retail
To see the full contact details of Ludhiana Advanced Centre for Cycle Technology, buy the company report.
Comprehensive company report
Ludhiana Advanced Centre for Cycle Technology - one report that includes everything
- 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
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Financials of Ludhiana Advanced Centre for Cycle Technology
FY 2025 filings availableLudhiana Advanced Centre for Cycle Technology reported revenue of ₹2.06 Lakh (up 239% YoY) for FY 2026.
Revenue · FY 2026
₹2.06 Lakh ▲ 239%
Net profit · FY 2026
₹1.14 Lakh margin 55.6%
EBITDA · FY 2026
₹1.15 Lakh margin 55.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 239%
EBITDA CAGR growth
1 year
▲ 532%
3 years · compounded
▲ 49%
Revenue rose 239% in the latest year. EBITDA rose 532% 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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹1.15 Lakh | ||||
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| Net Profit (PAT) | ₹1.14 Lakh | ||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Profitability | |||||
| EBITDA Margin | 55.6% | ||||
| Net Profit Margin | 55.6% | ||||
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To see the full financial statements and ratios of Ludhiana Advanced Centre for Cycle Technology, buy the company report.
Board of directors of Ludhiana Advanced Centre for Cycle Technology
Ludhiana Advanced Centre for Cycle Technology has 5 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Munjal Also directs: Hero Cycles Limited, Hero Motors Limited, Munjal Kiriu Industries Private Limited and 5 more | Director | 25 Jan 2022 | 4 Years 9 Months | Current |
| Shashi Kant Rai Also directs: Ludhiana Angels Network LLP, Nimbua Greenfield (Punjab) Association, Hero Cycles Limited and 3 more | Director | 25 Jan 2022 | 4 Years 9 Months | Current |
| Tejvinder Singh | Director | 25 Jan 2022 | 4 Years 9 Months | Current |
| Sanjeev Pahwa Also directs: Ludhiana Angels Network LLP, Anandvan Enterprises LLP, Ralson (India) Limited and 4 more | Director | 25 Jan 2022 | 4 Years 9 Months | Current |
| Onkar Singh Pahwa Also directs: Nimbua Greenfield (Punjab) Association, Avon Fitness Machines Private Limited, Avon Cycles Ltd and 3 more | Director | 25 Jan 2022 | 4 Years 9 Months | Current |
Peer comparison
Ludhiana Advanced Centre for Cycle Technology is compared with the 10 companies closest to it by revenue in the Automobiles industry (Cycles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ludhiana Advanced Centre for Cycle Technologythis company | ₹2.06 Lakh (FY 2026) | ₹1.14 Lakh | 55.6% | 239.0% | Ludhiana, Punjab, India | |
| Aurega Cycles Private Limited | ₹1.27 Lakh (FY 2023) | Pullikanakku, Kerala, India | ||||
| Jindal Cycles Private Limited | ₹1.1 Lakh (FY 2025) | Khanna, Punjab, India | ||||
| Frontier Cycles Pvt Ltd | ₹1.05 Lakh (FY 2025) | -24.0% | Ludhiana, Punjab, India | |||
| Bhushan Cycles Private Limited | ₹87,000 (FY 2025) | 45.0% | Ludhiana, Punjab, India | |||
| Limrose Engineering Works Pvt Ltd | ₹73,453 (FY 2025) | 4.0% | New Delhi, Delhi, India | |||
| High Choice Cycles India Private Limited | ₹60,447 (FY 2025) | 3.0% | Etawah, Uttar Pradesh, India | |||
| Psynyde Cycles Private Limited | ₹44,644 (FY 2025) | -97.0% | Pune, Maharashtra, India | |||
| Bhogal Management Services Private Limited | ₹20,795 (FY 2024) | 20.0% | Punjab, India | |||
| Monk Cycles Private Limited | ₹19,075 (FY 2024) | Vadodara, Gujarat, India | ||||
| Duroman Cycles Private Limited | ₹16,150 (FY 2024) | 1.0% | Dhulagarh, West Bengal, India |
To see the full peer comparison of Ludhiana Advanced Centre for Cycle Technology, buy the company report.
Auditor
Ludhiana Advanced Centre for Cycle Technology is audited by SHARMA R & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHARMA R & CO | FY 2023 | 036760N |
Shareholding
The shareholding of Ludhiana Advanced Centre for Cycle Technology is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Ludhiana Advanced Centre for Cycle Technology, buy the company report.
Legal cases
No court or tribunal cases involving Ludhiana Advanced Centre for Cycle Technology are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ludhiana Advanced Centre for Cycle Technology; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Ludhiana Advanced Centre for Cycle Technology; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Ludhiana Advanced Centre for Cycle Technology has 5 board changes on record since 2022: 5 appointments. The latest: Onkar Singh Pahwa was appointed as Director on 25 Jan 2022.
AGM
Ludhiana Advanced Centre For Cycle Technology last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ludhiana Advanced Centre For Cycle Technology has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Appointed
Onkar Singh Pahwa was appointed as Director.
Appointed
Pankaj Munjal was appointed as Director.
Appointed
Sanjeev Pahwa was appointed as Director.
Appointed
Shashi Kant Rai was appointed as Director.
Appointed
Tejvinder Singh was appointed as Director.
Incorporation
25 Jan 2022
Ludhiana Advanced Centre For Cycle Technology was registered on 25 Jan 2022 with Roc Chandigarh & aged 4 years 9 months as per MCA records.
Frequently asked questions
Ludhiana Advanced Centre for Cycle Technology is an active public not for profit company based in Ludhiana, Punjab, India. The company works in bicycle mfg and retail, within the automotive industry. It was incorporated on 25 January 2022 (4+ years old) and is registered under CIN U73100PB2022NPL055080.
Ludhiana Advanced Centre for Cycle Technology has 5 current directors:
- Pankaj Munjal - Director
- Shashi Kant Rai - Director
- Tejvinder Singh - Director
- Sanjeev Pahwa - Director
- Onkar Singh Pahwa - Director
The latest financial statements of Ludhiana Advanced Centre for Cycle Technology on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2022 are in the company report.
The CIN (Corporate Identification Number) of Ludhiana Advanced Centre for Cycle Technology is U73100PB2022NPL055080. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ludhiana Advanced Centre for Cycle Technology was incorporated on 25 January 2022, making it 4+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Ludhiana Advanced Centre for Cycle Technology by revenue are Aurega Cycles Private Limited, Jindal Cycles Private Limited, Frontier Cycles Pvt Ltd, Bhushan Cycles Private Limited, Limrose Engineering Works Pvt Ltd and 5 more, all in the Automobiles industry (Cycles).
Onkar Singh Pahwa was appointed as Director on 25 Jan 2022. Pankaj Munjal was appointed as Director on 25 Jan 2022. Sanjeev Pahwa was appointed as Director on 25 Jan 2022. Ludhiana Advanced Centre for Cycle Technology has 5 board changes on record in total.
The registered office of Ludhiana Advanced Centre for Cycle Technology is at # 354 B – 23 Industrial Area – A Bhagwati Towers, Ludhiana, Punjab, India – 141003.
Ludhiana Advanced Centre for Cycle Technology operates in the automotive industry, in the bicycle mfg and retail segment.
Ludhiana Advanced Centre for Cycle Technology can be reached at its registered office: # 354 B – 23 Industrial Area – A Bhagwati Towers, Ludhiana, Punjab, India – 141003.
Ludhiana Advanced Centre for Cycle Technology is registered under the jurisdiction of the Registrar of Companies (ROC), Chandigarh.