Hero Cycles Profile
Key Indicators
- Authorised Capital ₹ 40.00 Cr
- Paid Up Capital ₹ 39.48 Cr
- Company Age 58 Year, 5 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 five 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
- LocationLudhiana, Punjab
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- 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
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)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Shashi Rai  | Managing Director | 13-Jan-1986 | Current |
| Bikash Jain | CFO | 21-Aug-2024 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Pankaj Munjal | Director | 01-Jun-2006 | Current |
| Abhishek Munjal | Director | 16-Nov-2019 | Current |
| Aditya Munjal | Whole-Time Director | 16-Nov-2019 | Current |
| Freyan Desai | Director | 04-Mar-2024 | Current |
| Tarun Vohra | Director | 14-Mar-2019 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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.
Related Corporates (Common Directorship)
Divitas Capital Private LimitedFreyan Desai is a mutual person
Oma Living Private LimitedAbhishek Munjal is a mutual person
C J International Hotels LimitedTarun Vohra is a mutual person
G V Meditech Private LimitedShashi Rai is a mutual person
Hero Financial Services Private LimitedAditya Munjal is a mutual person
Lemon Tree Hotels LimitedFreyan Desai is a mutual person
Charges (Loans)
₹804.49 Cr
₹1,722.16 Cr
Charges Breakdown by Lending Institutions
- Others : 804.49 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 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 |
| 31 Jan 2022 | Others | ₹438.00 Cr | Open |
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.
Deals i
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
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
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.
