Company type | Private company |
---|---|
Industry | Bicycles |
Founded | 1956 |
Founder |
|
Headquarters | Ludhiana, Punjab, India |
Key people | Pankaj M Munjal [1] [2] |
Products | Bicycles |
Revenue | ₹26 billion (US$310 million) 2017–2018 [3] [4] |
Total assets | ₹76.40 billion (US$920 million) [2] (2017–2018) |
Number of employees | 7610 |
Parent | Hero Motors Company [5] |
Website | www.herocycles.com |
Hero Cycles Limited, based in Ludhiana, Punjab, is an Indian company that manufactures bicycles and bicycle related products. [6] Pankaj M Munjal [7] is the chairman and managing director of Hero Cycles.
Hero Cycles was established in 1956 in Ludhiana Punjab, manufacturing bicycle components. Today, Hero Cycles is one of the world's largest manufacturers of bicycles, producing 18390 cycles per day. [8] [9] Hero Cycles Ltd. is part of Hero Motors Company. [10] In 2016 Hero cycles exported to over 70 countries world-wide. [11] [12] The company is ISO9001 & ISO14001 certified.
The company acts in part as a white label manufacturer to various brands, in addition to selling motorcycles under the Hero and UT (formerly Urbantrail) brands. [13] [14] [15] [16] [17] Hero Cycles bought the Firefox bicycle brand in 2015. [18] [19] [20] [21]
In 2015, Hero Cycles Lt. bought a majority stake in Avocet Sports Ltd., a UK distributor of bicycles, e-bikes, bicycle parts, and accessories. [22] [23] [24] Insync Bikes brand was launched by Avocet in November 2018. [25] In 2019, Hero bought a majority stake in German e-bike manufacturer HNF-Nicolai. [26] [27] [28] In 2016, Hero bought 60% of Sri Lankan bicycle manufacturer BSH Ventures. [29] [30] [31] [32]
In 1986, the Guinness World Records called Hero Cycles the largest bicycle manufacturer in the world. [33] for being the single largest producer of bicycles.
Hero Cycles is part of Hero Motors Company (HMC). [34]
The HMC family [35] [36] is made up of organizations such as Hero Cycles Ltd., Avocet Sports (UK), [37] BSH (Sri Lanka), Firefox Bikes (not to be confused with the browser by Mozilla), [38] Spur, [39] HGD, [40] Hero Motors, [41] Munjal Hospitality, [42] [43] Munjal Kiriu, [44] ZF Hero [45] and OMA. [46]
Hero Cycles, Ludhiana, Punjab [47]
Hero Cycles, Ghaziabad, Uttar Pradesh [48]
Hero Cycles, Bihta, Bihar [49]
BSH Ventures Pvt. Ltd., Sri Lanka [50]
ZF HERO Chasis Systems, Pune, Maharashtra [51] [52]
ZF HERO Chasis Systems, Chennai, Tamil Nadu [53]
KTM is an Austrian motorcycle, bicycle and motorsports brand which is co-owned by Indian manufacturer Bajaj Auto and Austrian manufacturer Pierer Mobility AG. It traces its foundation in 1934 as Kronreif & Trunkenpolz Mattighofen. Today, Pierer Mobility AG operates as the manufacturer of KTM branded motorcycles; whereas KTM Fahrrad AG operates as the manufacturer of KTM branded bicycles.
ZF Sachs AG, also known as Fichtel & Sachs, was founded in Schweinfurt in 1895 and was a well-known German family business. At its last point as an independent company, the company name was Fichtel & Sachs AG.
SRAM LLC is a privately owned bicycle component manufacturer based in Chicago, Illinois, United States, founded in 1987. SRAM is an acronym comprising the names of its founders. The company produces a range of cycling components, including Grip Shift, and separate gravel, road, and mountain drivetrains from 7 to 12 speed. SRAM developed the Eagle line of mountain bike specific drivetrain components intended to improve shifting performance. SRAM was also the first to release a dedicated "one by" drivetrain with a single front chainring for road bikes.
Dabur Ltd is an Indian multinational consumer goods company, founded by S. K. Burman and headquartered in Ghaziabad. It manufactures Ayurvedic products and fast-moving consumer goods. Dabur derives around 60% of its revenue from the consumer care business, 11% from the food business and remaining from the international business unit.
Pacific Cycle, Inc., is an American division of Dutch conglomerate Pon Holdings that imports and distributes bicycles. It was founded in 1977 by Chris Hornung. The company pioneered the sourcing of bicycles from the Far East for distribution in the U.S., developing relationships with suppliers primarily in Taiwan and China. The company now owns several well known bicycle brands as well as diversifying into bicycle accessories and other types of children's play equipment. Pacific Cycle sells more bicycles than any other company in North America and is one of the most prolific bicycle suppliers in the world. In 2006, Chris Hornung left Pacific Cycle leaving President Jeff Frehner in control. Alice Tillett has been the President of Pacific Cycle since 2008.
Hero MotoCorp Limited is an Indian multinational motorcycle and scooter manufacturer headquartered in Delhi. It is one of the world's largest two-wheeler manufacturer and has a market share of about 46% in the Indian two-wheeler industry. As of 15 May 2024, the market capitalization of the company was ₹101,500 crore (US$12 billion).
Tata Hispano Motors Carrocera, S.A., based in Zaragoza, Aragon, Spain, was one of the largest manufacturers of bus and coach cabins in Europe. It was a wholly owned subsidiary of the India-based Tata Motors. Tata Motors acquired control of the company in 2005, after purchasing a 21% stake in the company. In 2009, it acquired the remaining 79% from Investalia SA.
Hero Motors is a former moped and scooter manufacturer based in Delhi, India. It is a part of multinational company Hero Motors Company, which also currently owns Hero Motocorp and Hero Cycles, among others. Hero Motors was started in the 1960s to manufacture 50 cc two-stroke mopeds but gradually diversified into making larger mopeds, mokicks and scooters in the 1980s and the 1990s. Noteworthy collaborators and technical partners were Puch of Austria and Malaguti of Italy manufacturing Puch Maxi Plus and Malaguti Centro respectively in India with updated engines.
Tube Investments of India Limited is an Indian engineering and manufacturing company that specializes in bicycles, metal formed products, and chains. It is based in Chennai and a part of Murugappa Group. It was incorporated as TI Cycles of India Limited in 1949, as a joint venture company.
Gateway Distriparks Limited is an Indian logistics company based in Mumbai with three business verticals: Container Freight Stations (CFS), Inland Container Depots (ICD) with rail movement and Cold Chain Storage & Logistics. The company was founded in April 1994 and originally promoted by Newsprint Trading & Sales Corporation (NTSC), CWT Distribution Limited, NUR Investment and Trading Pvt. Ltd. and Intercontinental Forest Products Pte. Ltd. (IFP) as a joint venture company to conduct the business of warehousing, container freight stations and all related activities. As of November 2015, Prism International Private Limited is the sole promoter of the company.
Om Prakash Munjal was an Indian businessman, poet and philanthropist. He was the founder and chairman of Hero Cycles, the world's largest integrated bicycle manufacturing company by volume and Hero Motors, an Indian two-wheeler components manufacturer, and ventured into newer business fields including luxury hotels and four-wheeler components. He is also known for philanthropic activities of running various schools and hospitals. He died on 13 August 2015 at DMC Hero Heart Centre, Ludhiana.
Rockman Industries, formerly Rockman Cycles limited, is an Indian auto components manufacturer, based in New Delhi, India. The company is one of India's largest auto component manufacturers. Rockman Industries is primarily engaged in the manufacturing of aluminum die casting components, machined and painted assemblies, auto chains and parts. In January 2017, Rockman Industries entered the carbon composites sector with the acquisition of Moldex Composites, a UK-India carbon composite design and manufacturing company. Rockman was founded in 1960 and is led by Suman Kant Munjal, Chairman and Ujjwal Munjal, Managing Director.
The Viking Cycle Company was an English bicycle company. Founded in 1908 in Wolverhampton as a bicycle repair shop, it became a manufacturer and sponsored a racing team. The company closed in 1967; the business was purchased and reestablished as Viking Cycles, an assembler in Derry, Northern Ireland. The brand was later sold to Avocet Sports of Manchester, which imported rebadged bicycles into the UK under the Viking name. Following the acquisition of Avocet by the Indian company Hero Cycles, the brand name has been used by its Insync Bikes division.
A2B is a brand of electric bicycles owned by Hero Eco Group. They have offices in the United Kingdom and the United States. Established in 2008, A2B designs and manufactures bespoke internal motor systems, and is a pioneering creator of eBikes. Their German design team has crafted a range of 11 electric bike models, each of which is named after a prominent technical innovator, engineer or scientist. Primarily tailored for urban/commuting users, A2B have produced bikes that exude a combination of comfort, picked up speed and stylish design. Their motors range from 250w up to 500w in capacities and there is a choice of pedal assistance or throttle power options. To complement the collection, A2B develops custom accessories including carriers and bags.
Pankaj M Munjal is an Indian businessman, and chairman and managing director of Hero Cycles Limited, based in Punjab, India, taking over the company from his father in 2015.
Hero Motors Company (HMC) is an Indian multinational business conglomerate controlled by Pankaj M Munjal. The HMC family is made up of organisations such as Hero Cycles, Avocet Sports (UK), BSH, Firefox, Spur, HGD, Hero Motors, Munjal Hospitality, Munjal Kiriu, ZF Hero and OMA.
Sapna Book House is an Indian book store chain and a publisher of books. It is one of the biggest book shops in India.
Rahul Kamerkar is an Indian lawyer and author.
Brijmohan Lall Munjal was an Indian entrepreneur and the founder of Hero Group.