Hero Cycles Limited

Manufacturer of bicycles, automotive rims, and components with global exports and multiple production units.

1966 | Ludhiana, Punjab (India) | Active
Last Updated:

Hero Cycles Profile

Key Indicators

  • Authorised Capital ₹ 40.00 Cr
  • Paid Up Capital ₹ 39.48 Cr
  • Company Age 58 Year, 6 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 804.49 Cr
  • Satisfied Charges ₹ 1,722.16 Cr
  • Revenue Growth -20.31%
  • Profit Growth -73.62%
  • Ebitda -92.01%
  • Net Worth -0.79%
  • Total Assets -14.46%

About Hero Cycles

Hero Cycles Limited (HCL) was founded in India on 29 August 1966 and has a glorious history of 58 years and six months. Its registered office is in Ludhiana, Punjab.

The Corporate was formerly known as Hero Cycles Private 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 40.00 Cr and a paid-up capital of Rs 39.48 Cr.

The company currently has active open charges totaling ₹804.49 Cr. The company has closed loans amounting to ₹1,722.16 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Hero Cycles Limited India is Bikash Jain as CFO. Shashi Rai, Pankaj Munjal, Abhishek Munjal, and Three other members serve as directors at the Company.

Company Details

  • Location Ludhiana, Punjab
  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    herocycles.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    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

Industry

Automotive

What products or services does Hero Cycles Limited offer?

Hero Cycles Limited offers a wide range of products and services, including Bicycle, Hero Cycle, Ladies Cycle, Kids Bikes, Hero Kids Cycle.

Who are the key members and board of directors at Hero Cycles?

Executive Team (2)

NameDesignationAppointment DateStatus
Shashi Rai Country flag representing In Managing Director13-Jan-1986Current
Bikash Jain CFO21-Aug-2024Current

Board Members (5)

NameDesignationAppointment DateStatus
Pankaj Munjal Country flag representing In Director 01-Jun-2006Current
Abhishek Munjal Country flag representing In Director 16-Nov-2019Current
Aditya Munjal Country flag representing In Whole-Time Director 16-Nov-2019Current
Freyan Desai Country flag representing In Director 04-Mar-2024Current
Tarun Vohra Country flag representing In Director 14-Mar-2019Current

Financial Performance of Hero Cycles.

Hero Cycles Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 20.31% decrease. The company also saw a substantial fall in profitability, with a 73.62% decrease in profit. The company's net worth dipped by a decrease of 0.79%.

Hero Cycles revenue growth over time
Hero Cycles 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
-20.31%
Revenue from Operations
-19.76%
Total Assets
-14.46%
Profit or Loss
-73.62%
Net Worth
-0.79%
EBITDA
-92.01%

What is the Ownership and Shareholding Structure of Hero Cycles?

In 2022, 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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹804.49 Cr

Satisfied Charges

₹1,722.16 Cr

Charges Breakdown by Lending Institutions

  • Others : 804.49 Cr

Latest Charge Details

DateLenderAmountStatus
12 Mar 2024Others₹199.99 CrOpen
29 Feb 2024Others₹25.00 CrOpen
02 Mar 2023Others₹70.00 CrOpen
06 Oct 2022Others₹60.00 CrOpen
31 Jan 2022Others₹438.00 CrOpen

How Many Employees Work at Hero Cycles?

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.

Employee growth trends for Hero Cycles Limited

Deals i

Graph showing company valuation over time

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.

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 Hero Cycles

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 199.99 Cr registered on 12 Mar 2024 with Charge ID 100894517 was modified on 27 Aug 2024.

  • Director Appointment

    Bikash Jain was appointed as a Cfo was appointed as a Cfo on 21 Aug 2024 & has been associated with this company since 6 months 11 days .

  • Charges

    A charge registered on 06 Jan 2021 via Charge ID 100403058 with Others was fully satisfied on 06 Aug 2024.

  • Charges

    A charge registered on 30 Nov 2022 via Charge ID 100649357 with Others was fully satisfied on 22 Apr 2024.

  • Charges

    A charge registered on 01 Oct 2021 via Charge ID 100497332 with Axis Bank Limited was fully satisfied on 03 Apr 2024.

  • Charges

    A charge with Others of Rs. 11.50 Cr registered on 27 Sep 2021 with Charge ID 100491851 was modified on 30 Mar 2024.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Hero Cycles Limited?

    Hero Cycles Limited was incorporated on 29 Aug 1966.

  • What is authorized share capital and paid-up capital of Hero Cycles Limited?

    The authorized share capital of Hero Cycles Limited is ₹ 40.00 Cr and paid-up capital is ₹ 39.48 Cr.

  • Who are the current board members & directors of Hero Cycles Limited?

    Currently 7 directors are associated with Hero Cycles Limited.

    • Shashi Kant Rai
    • Pankaj Munjal
    • Bikash Jain
    • Abhishek Munjal
    • Aditya Munjal
    • Freyan Jamshed Desai
    • Tarun Vohra

  • What is the registered address of Hero Cycles Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Hero Cycles Limited is Hero Nagarg T Road India, Ludhiana, Punjab.

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

    The corporate identification number (CIN) of Hero Cycles Limited is U35911PB1966PLC002667 and the company number is 002667 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Hero Cycles Limited?

    The Official website of Hero Cycles Limited is https://www.herocycles.com

  • What has been the recent revenue trend for Hero Cycles Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Hero Cycles Limited has fallen by -20.31%.

  • How many employees does Hero Cycles Limited currently have?

    As Per 2022 financial reports, 2472 employees are currently employed by Hero Cycles Limited.

  • What change has been observed in the net worth of Hero Cycles Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Hero Cycles Limited has experienced an downturn of -0.79%.

  • What are the total open charges for Hero Cycles Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Hero Cycles Limited amount to ₹ 804.49 Cr.

  • When was the last Balance Sheet of Hero Cycles Limited filed with the ROC?

    The most recent Balance Sheet for Hero Cycles Limited was filed with the ROC on 31 Mar 2023.

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