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November 30, 2015 6:06 PM ET


Company Overview of The Hero Group, Ltd.

Company Overview

The Hero Group, Ltd., through its subsidiaries, manufactures two-wheelers and auto components. It also provides training and development, technology implementation, insurance distribution, contact center and business process outsourcing (BPO), metal castings, steel, export, and automobile design businesses in India and internationally. The company designs, manufactures, exports, and markets four and two-stroke motorcycles; two-stroke scooters; mopeds; bicycles, including all-terrain and city bicycles, as well as bicycles for roadsters and racers; bicycle parts, such as free wheels, and single and multi-speed chains; and automotive components, including gear blanks and spline shafts. It also ...

34, Community Centre

Basant Lok

Vasant Vihar

New Delhi,  110 057


Founded in 1956


91 11 2614 2451


91 11 2614 3321

Key Executives for The Hero Group, Ltd.

Chief Executive Officer of Hero Corporate Service Limited and Managing Director of Hero Corporate Service Limited
Age: 58
Compensation as of Fiscal Year 2015.

The Hero Group, Ltd. Key Developments

Hero GroupTo Raise Funds

The Hero Group, Ltd. looking to raise funds for renewable energy business, ET NOW learns from multiple sources. Hero Future Energies Limited is exploring options to raise around $100 million to expand its renewable energy portfolio. It wants to be well-positioned to invest in fresh projects. The plans are at a preliminary stage and the company is open to divesting a minority stake and rope in strategic or private equity investors said one of the sources.

ABG Shipyard's Lenders Reported Call For Stake Sale

“Creditors of ABG Shipyard Ltd want the promoters to sell a stake to strategic investors to inject equity into the debt-laden company and effect some changes at the top management, “three people familiar with the development said. "The lenders have been facing some issues with the promoters at ABG in terms of getting them to comply with conditions under the CDR package. This has led to bankers pressurizing promoters into looking for a strategic investor," one of the three people said. Larsen & Toubro Limited (BSE:500510) and the Essar Global Holdings Limited are reportedly interested in purchasing a stake in ABG Shipyard Limited. A public sector banker, one of the three people cited in the first instance, said the Mahindra & Mahindra Limited (BSE:500520) and Munjal family-promoted The Hero Group, Ltd. may also be on the list of potential suitors. An ABG Shipyard executive conceded that there was indeed pressure from bankers to find a strategic investor, adding that the promoters have begun talks with potential investors. "The company is working out several options and a deal should be finalised shortly," said the executive, the third of the three people cited above. All the three people cited in this report declined to be named. Essar Group denied it was in talks with ABG Shipyard. The Mahindra Group, The Hero Group and L&T declined to comment. Calls to ABG Shipyard's Chief Financial Officer and Executive Director, Dhananjay Datar, remained unanswered.

Hero Group To Reportedly BUy Stake In Pipavav Defence

The Hero Group, Ltd. is reportedly set purchase a 19% stake in Pipavav Defence and Offshore Engineering Company Limited (BSE:533107) from Nikhil and Bhavesh Gandhi, said two people with direct knowledge of the development. It will also make an open offer for a 26% stake from the public.

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