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June 02, 2015 10:41 PM ET

Leisure Products

Company Overview of Hero Cycles Limited

Company Overview

Hero Cycles Limited manufactures and sells bicycles in India. It offers a range of bicycles for ladies, gents, girls, boys, and kids. The company was founded in 1956 and is headquartered in Ludhiana, India with branch offices in Delhi, Mumbai, and Kolkata. Hero Cycles Limited operates as a subsidiary of The Hero Group.

Hero Nagar

G.T. Road

Ludhiana,  141 003

India

Founded in 1956

Phone:

91 16 1253 9448

Fax:

91 16 1253 9478

Key Executives for Hero Cycles Limited

Chief Executive Officer, Director and Managing Director of C R Division
Age: 57
Senior Vice President of Finance and Company Secretary
Co-Chairman and Managing Director of Works
Age: 97
Managing Director of International Marketing and Director
Age: 69
Managing Director of Unit-II Sahibabad and Director
Age: 67
Compensation as of Fiscal Year 2014.

Hero Cycles Limited Key Developments

Hero Cycles Mulls Acquisitions

Hero Cycles Limited is looking for acquisitions. Pankaj Munjal, Co-Chairman and Managing Director of Hero Cycles Limited said, "Hero Cycles continues to look at acquisition and partnership opportunities across the globe which fit into our strategy of serving customers across all bike segments and price points."

Hero Cycles Denies Plans To Acquire MIFA Mitteldeutsche Fahrradwerke

Hero Cycles Limited is not taking over MIFA Mitteldeutsche Fahrradwerke AG (DB:FW1), DPA-AFX said. There is no final decision yet, Hero Motors Ltd's Chief Financial Officer Rohit Maheshwari was cited as saying.

Hero Cycles Eyes Stake In MIFA

MIFA Mitteldeutsche Fahrradwerke AG (DB:FW1) intends to enter into a strategic partnership with Hero Cycles Limited. It is intended as part of the strategic partnership that Hero will acquire a minority equity interest in MIFA. MIFA will publish further details on the intended strategic partnership once the discussions have progressed further.

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