Atlas Cycles (Haryana) Limited

Manufacturer of a variety of bicycles, including mountain bikes, roadsters, and e-bikes.

1950 | Sonipat, Haryana (India) | Active
Last Updated:

Atlas Cycles (Haryana) Profile

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 3.25 Cr
  • Company Age 74 Year, 9 Months
  • Last Filing with ROC 31 Mar 2023
  • Satisfied Charges ₹ 290.83 Cr
  • Revenue Growth -50.70%
  • Profit Growth 19.05%
  • Ebitda 18.28%
  • Net Worth -257.02%
  • Total Assets -15.20%

About Atlas Cycles (Haryana)

Atlas Cycles (Haryana) Limited (ACHL) was founded in India on 31 May 1950 and has a glorious history of 74 years and nine months.Its registered office is in Sonipat, Haryana, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 505029 and on the National Stock Exchange(NSE) under ATLASCYCLE.

The Corporate was formerly known as The Atlas Cycle Industries Limited. The Company is engaged in the Automotive Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 10.00 Cr and a paid-up capital of Rs 3.25 Cr.

The company has closed loans amounting to ₹290.83 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Atlas Cycles (Haryana) Limited India are Chander Dhall as CFO and Prakhar Rastogi as Company Secretary. Sanjiv Singh, Ishwar Chugh, Des Dhingra, and Four other members serve as directors at the Company.

Company Details

  • Location

    Sonipat, Haryana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    atlascycles.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    L35923HR1950PLC001614

  • Company No.

    001614

  • Stock Symbol

    BSE : 505029 NSE : ATLASCYCLE

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    31 May 1950

  • Date of AGM

    20 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Listed

  • ROC Code

    Roc Delhi

Industry

Automotive

What products or services does Atlas Cycles (Haryana) Limited offer?

Atlas Cycles (Haryana) Limited offers a wide range of products and services, including Bicycle, Men Bicycle.

Who are the key members and board of directors at Atlas Cycles (Haryana)?

Executive Team (2)

NameDesignationAppointment DateStatus
Chander Dhall Country flag representing In CFO01-Apr-2022Current
Prakhar Rastogi Company Secretary06-Mar-2024Current

Board Members (7)

NameDesignationAppointment DateStatus
Sanjiv Singh Country flag representing In Director 02-Aug-2023Current
Ishwar Chugh Country flag representing In Director 02-Aug-2023Current
Des Dhingra Country flag representing In Director 14-Aug-2023Current
Anuj Goyal Country flag representing In Director 12-Aug-2023Current
Chander Dhall Country flag representing In Whole-Time Director and Cfo 02-Aug-2023Current
Kartik Rai Country flag representing In Director 02-Aug-2023Current

Financial Performance of Atlas Cycles (Haryana).

Atlas Cycles (Haryana) Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 50.7% decrease. The company also saw a substantial improvement in profitability, with a 19.05% increase in profit. The company's net worth observed a substantial decline by a decrease of 257.02%.

Atlas Cycles (Haryana) revenue growth over time
Atlas Cycles (Haryana) profit and loss trends over time
  • 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
-50.70%
Revenue from Operations
-49.38%
Total Assets
-15.20%
Profit or Loss
19.05%
Net Worth
-257.02%
EBITDA
18.28%

What is the Ownership and Shareholding Structure of Atlas Cycles (Haryana)?

In 2022, Atlas Cycles (Haryana) had a promoter holding of 41.92% and a public holding of 58.08%. The company had 3 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹290.83 Cr

Charges Breakdown by Lending Institutions

  • Others : 144.67 Cr
  • Yes Bank Limited : 25.62 Cr
  • Small Industries Development Bank Of India : 25.00 Cr
  • Central Bank Of India : 17.75 Cr
  • Central Bank Of India Limited : 15.50 Cr
  • Others : 62.29 Cr

Latest Charge Details

DateLenderAmountStatus
29 Mar 2017Others₹1.50 MSatisfied
18 Mar 2017Others₹4.92 MSatisfied
18 Mar 2017Others₹4.92 MSatisfied
10 Feb 2016Bank Of Baroda₹1.30 MSatisfied
29 Dec 2015Bank Of Baroda₹1.20 MSatisfied

How Many Employees Work at Atlas Cycles (Haryana)?

Atlas Cycles (Haryana) has a workforce of 13 employees as of Mar 22, 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 growth trends for Atlas Cycles (Haryana) Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Atlas Cycles (Haryana), 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 Atlas Cycles (Haryana)'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.

Latest Updates, News, and FAQs on Atlas Cycles (Haryana)

Recent activity within the organization

  • Director Appointment

    Prakhar Rastogi was appointed as a Company Secretary was appointed as a Company Secretary on 06 Mar 2024 & has been associated with this company since 11 months 26 days .

  • Annual General Meeting

    Atlas Cycles (Haryana) Limited last Annual general meeting of members was held on 20 Sep 2023 as per latest MCA records.

  • Director Appointment

    Des Raj Dhingra was appointed as a Director was appointed as a Director on 14 Aug 2023 & has been associated with this company since 1 year 6 months .

  • Director Appointment

    Anuj Goyal was appointed as a Director was appointed as a Director on 12 Aug 2023 & has been associated with this company since 1 year 6 months .

  • Director Appointment

    Sanjiv Kavaljit Singh was appointed as a Director was appointed as a Director on 02 Aug 2023 & has been associated with this company since 1 year 7 months .

  • Director Appointment

    Ishwar Das Chugh was appointed as a Director was appointed as a Director on 02 Aug 2023 & has been associated with this company since 1 year 7 months .

Frequently asked questions

  • What is the Incorporation or founding date of Atlas Cycles (Haryana) Limited?

    Atlas Cycles (Haryana) Limited was incorporated on 31 May 1950.

  • What is authorized share capital and paid-up capital of Atlas Cycles (Haryana) Limited?

    The authorized share capital of Atlas Cycles (Haryana) Limited is ₹ 10.00 Cr and paid-up capital is ₹ 3.25 Cr.

  • Who are the current board members & directors of Atlas Cycles (Haryana) Limited?

    Currently 9 directors are associated with Atlas Cycles (Haryana) Limited.

    • Sanjiv Kavaljit Singh
    • Ishwar Das Chugh
    • Des Raj Dhingra
    • Anuj Goyal
    • Chander Mohan Dhall
    • Kartik Roop Rai
    • Sadhna Syal
    • Chander Mohan Dhall
    • Prakhar Rastogi

  • What is the registered address of Atlas Cycles (Haryana) Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Atlas Cycles (Haryana) Limited is Industrial Areasonepat, Haryana, India, 131001.

  • What is the corporate identification number (CIN) and company number of Atlas Cycles (Haryana) Limited?

    The corporate identification number (CIN) of Atlas Cycles (Haryana) Limited is L35923HR1950PLC001614 and the company number is 001614 as per Ministry of Corporate Affairs (MCA).

  • Is Atlas Cycles (Haryana) Limited registered with any stock exchange in India?

    Yes, Atlas Cycles (Haryana) Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): ATLASCYCLE.

  • What is the official website of Atlas Cycles (Haryana) Limited?

    The Official website of Atlas Cycles (Haryana) Limited is https://www.atlascycles.com

  • What has been the recent revenue trend for Atlas Cycles (Haryana) Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Atlas Cycles (Haryana) Limited has fallen by -50.70%.

  • How many employees does Atlas Cycles (Haryana) Limited currently have?

    As Per 2023 financial reports, 13 employees are currently employed by Atlas Cycles (Haryana) Limited.

  • What change has been observed in the net worth of Atlas Cycles (Haryana) Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Atlas Cycles (Haryana) Limited has experienced an downturn of -257.02%.

  • When was the last Balance Sheet of Atlas Cycles (Haryana) Limited filed with the ROC?

    The most recent Balance Sheet for Atlas Cycles (Haryana) Limited was filed with the ROC on 31 Mar 2023.

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