By FMTeam Not a single doubt in the fact that Hero Cycles is quite literally the largest bicycle manufacturer in India right now, and literally millions of people trust them already. But even these loyal customers truly don’t know about this brand, so we’re here to introduce you to things like Hero Cycles Net Worth, Owner, CEO, Head Office, etc.
| Company name | Hero Cycles Limited |
| Establishment year | 1956 |
| Head Office | Gurugram |
| Founder | Om Prakash (O.P.) Munjal |
| CEO Name | Aditya Munjal |
| Industry | Bicycles, premium cycles, and e-cycles |
| Number of employees | N/A |
| Net worth / Market cap | ₹1607 crore as of 2022 |
| Total revenue in 2018 | ₹26 billion |
Company Profile
It is a 100% true thing that Hero Cycles was initially a small bicycle business started by Om Prakash Munjal in Ludhiana, Punjab, in 1956. But look at it now, the company now has the manufacturing plants in Ludhiana, Ghaziabad, Bihta, a factory in Sri Lanka, and a design centre in the UK. How about that? And head office? Well, that one is still down there in Gurugram.
Net Worth & Finances
Looking at the “largest manufacturer” tag in the segment, you must be thinking of the financial standing of this company, right? Well, when searching for their net worth, you won’t find it easily on the internet, but it is believed that Hero Cycles’ net worth is somewhere around ₹1607 or even more as of 2025.
Future Plans & Outlook
No doubt, you must have noticed it allready that throughout the last couple of years, the company has been very energetic in its move to electric mobility. In recent time, though, Hero Motors Company has made it clear that it will invest around ₹1,500 crore in India and Thailand to set up EV-focused plants that will also be involved in the large-scale production of components like EV gearboxes for global brands.