September 28, 2016 12:34 AM ET

Leisure Products

Company Overview of Hero Cycles Limited

Company Overview

Hero Cycles Limited manufactures and sells bicycles in India. The company offers city bikes, bikes for kids and girls, roadsters, and mountain bikes. The company markets its bicycles under the HERO SPRINT, OCTANE, DISNEY, MISS INDIA, and UT brands. Hero Cycles Limited was founded in 1956 and is headquartered in New Delhi, India. Hero Cycles Limited operates as a subsidiary of The Hero Group, Ltd.

601, International Trade Tower

Nehru Place

New Delhi,  110019

India

Founded in 1956

Phone:

91 11 4051 1700

Fax:

91 11 2647 1230

Key Executives for Hero Cycles Limited

Chief Executive Officer, Director and Managing Director of C R Division
Age: 59
Chairman and Managing Director
Age: 54
Senior Vice President of Finance and Company Secretary
Managing Director of International Marketing and Director
Age: 71
Managing Director of Unit-II Sahibabad and Director
Age: 69
Compensation as of Fiscal Year 2016.

Hero Cycles Limited Key Developments

Hero Cycles Limited Mulls Acquisitions

Hero Cycles Limited is seeking acquisitions. The company is also looking forward to more overseas acquisitions particularly in Asian countries.

Hero Cycles Appoints Rohit Sharma as Chief Communications Officer

Hero Cycles announced the appointment of Rohit Sharma as Chief Communications Officer. In his new role, Sharma will handle the core responsibility to lead and drive all communications for the Hero Cycles group as well as managing the Public Relations and Corporate Communications functions of the company.

Hero Cycles Reports Sales Results for the Month of December 2015

Hero Cycles reported sales results for the month of December 2015. The company has sold more than 600,000 units in December 2015, a rise of 20% over the corresponding month of 2014. The firm has attributed the sales surge to robust growth in the premium cycles segment and also overwhelming demand in semi urban and rural areas. The company has not only increased its dominance in the domestic cycle market but also emerged as the first ever firm to dispatch more than 600,000 units in a single month.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 21, 2016
BSH Ventures (Private) Limited
 

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