Hero Cycles Ltd
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| Hero Cycles Limited | |
 |
|
| Type | Public company |
|---|---|
| Founded | 1956 |
| Headquarters | Ludhiana |
| Key people | Brijmohan Lal Munjal |
| Industry | Cyles |
| Revenue |  10,000 crores Rs 2004-2005 |
| Website | www.herocycles.com |
Hero Cycles Limited is a Ludhiana based cycle company with the highest market share in India. The Hero Cycles Factory in Ludhiana is considered to be the largest and the most efficient factory in the world[citation needed].
[edit] History
The four Munjal brothers, hailing from a small town called Kamalia, now in Pakistan, are the men who are behind the mission. In the year 1944, they decided to start a business of bicycle spare parts in Amritsar. After partition the operational base was shifted to Ludhiana. By 1956, the brothers had began manufacturing key components of bicycles and as a logical way forward, began to assemble the entire cycle at their manufacturing plant in Ludhiana. In the early days, the plant had a capacity for 25 cycles per day. From a modest beginning of mere 639 bicycles in the year 1956, Hero Cycles products over 18500 cycles a day today, the highest in global reckoning. With the 48% share of the Indian market, this volume has catapulted Hero in the ‘Guinness Books of World Records’ in 1986.
The Hero Group, today, is a conglomerate of companies, either in the form of collaborations, joint ventures or fully owned subsidiaries, with more than Rs. 10,000 Crore turnover annually. Hero Group, besides being the world’s largest manufacturers of bicycles, motorcycles and chains to this date, has diversified into newer segments like Information Technology, IT Enabled Services and Financial Services.
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