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ActiveLudhiana, PunjabSince 1966

Hero Cycles Limited

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Set up in 1966 in Ludhiana. It has pledged its assets against loans of up to ₹842.99 crore from 4 lenders.

CINU35911PB1966PLC002667
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60 years at a glance

Loans against its assets, and when today's people joined

196819701972197419761978198019821984198619881990199219941996199820002002200420062008201020122014201620182020202220242026LOANS AGAINST ITS ASSETSTODAY'S PEOPLE, WHEN THEY JOINEDRegistered as a companyState Bank of India, up to ₹237.04 crore, 23 Dec 1997 to 2 Mar 2022IDBI Bank Ltd., up to ₹4.5 crore, 27 Jan 2005 to 16 Apr 2009Corporation Bank, up to ₹36 crore, 18 Aug 2008 to 8 Jan 2009Corporation Bank, up to ₹56 crore, 17 Dec 2009 to 18 Mar 2013IDBI Trusteeship Services Limited, up to ₹100 crore, 2 Dec 2015 to 14 Sept 2020IDBI Trusteeship Services Limited, up to ₹100 crore, 15 Dec 2015 to 14 Sept 2020Axis Bank Limited, up to ₹1.97 crore, 3 Mar 2016 to 22 Oct 2019State Bank of India, up to ₹35 crore, 3 Jun 2016 to 17 Mar 2017State Bank of India, up to ₹21.65 crore, 3 Jun 2016 to 15 Sept 2017Axis Trustee Services Limited, up to ₹80 crore, 24 Jul 2017 to 18 May 2022The Bank of Nova Scotia, up to ₹20 crore, 3 Apr 2018 to 10 Nov 2022ICICI Bank Limited, up to ₹88 crore, 12 Oct 2018 to 18 Feb 2020Barclays Bank PLC, up to ₹50 crore, 17 May 2019 to 10 Nov 2021Kotak Mahindra Bank Limited, up to ₹50 crore, 5 Sept 2019 to 12 Apr 2023HDFC Bank Limited, up to ₹62 crore, 30 Dec 2019 to 26 Sept 2023Kotak Mahindra Bank Limited, up to ₹50 crore, 4 Jan 2020 to 9 Nov 2022Barclays Bank PLC, up to ₹60 crore, 5 Aug 2020 to 11 Nov 2021Beacon Trusteeship Limited, up to ₹100 crore, 6 Jan 2021 to 6 Aug 2024ICICI Bank Limited, up to ₹120 crore, 24 Feb 2021 to 27 Oct 2021ICICI Bank Limited, up to ₹11.5 crore, 27 Sept 2021 to 18 Mar 2025Axis Bank Ltd., up to ₹110 crore, 1 Oct 2021 to 3 Apr 2024ICICI Bank Limited, up to ₹438 crore, 31 Jan 2022 to still openCiti Bank N.A., up to ₹40 crore, 30 Mar 2022 to 3 May 2023ICICI Bank Limited, up to ₹100 crore, 21 Apr 2022 to 20 Mar 2024Kotak Mahindra Bank Limited, up to ₹60 crore, 6 Oct 2022 to 14 Jan 2026Punjab National Bank, up to ₹200 crore, 30 Nov 2022 to 22 Apr 2024Kotak Mahindra Bank Limited, up to ₹70 crore, 2 Mar 2023 to 8 Dec 2025Indusind Bank Ltd., up to ₹25 crore, 29 Feb 2024 to still openIndusind Bank Ltd., up to ₹199.99 crore, 12 Mar 2024 to still openStandard Chartered Bank, up to ₹80 crore, 29 Aug 2025 to still openState Bank of India, up to ₹100 crore, 20 Apr 2026 to still open
Loan still openLoan paid offSomeone joined, and is still there
  • 1966Registered as a company on 29 Aug 1966.
  • 2022Its biggest loan against assets, ₹438 crore with ICICI Bank Limited, is still open.

Who runs it

This page does not list its directors yet. Open the company in Entiva to see who runs it on MCA's register today.

Who has lent to it

₹842.99 crorein loans backed by its assets, from 4 lenders

  • ICICI Bank Limited₹438 crore

    Open, taken out 31 Jan 2022

  • Indusind Bank Ltd.₹224.99 crore

    2 open loans, taken out in 2024

  • State Bank of India₹100 crore

    Open, taken out 20 Apr 2026

  • Standard Chartered Bank₹80 crore

    Open, taken out 29 Aug 2025

26 earlier loans, now paid off
  • Kotak Mahindra Bank Limited2 Mar 2023 to 8 Dec 2025₹70 crore
  • Punjab National Bank30 Nov 2022 to 22 Apr 2024₹200 crore
  • Kotak Mahindra Bank Limited6 Oct 2022 to 14 Jan 2026₹60 crore
  • ICICI Bank Limited21 Apr 2022 to 20 Mar 2024₹100 crore
  • Citi Bank N.A.30 Mar 2022 to 3 May 2023₹40 crore
  • Axis Bank Ltd.1 Oct 2021 to 3 Apr 2024₹110 crore
  • ICICI Bank Limited27 Sept 2021 to 18 Mar 2025₹11.5 crore
  • ICICI Bank Limited24 Feb 2021 to 27 Oct 2021₹120 crore
  • Beacon Trusteeship Limited6 Jan 2021 to 6 Aug 2024₹100 crore
  • Barclays Bank PLC5 Aug 2020 to 11 Nov 2021₹60 crore
  • Kotak Mahindra Bank Limited4 Jan 2020 to 9 Nov 2022₹50 crore
  • HDFC Bank Limited30 Dec 2019 to 26 Sept 2023₹62 crore
  • Kotak Mahindra Bank Limited5 Sept 2019 to 12 Apr 2023₹50 crore
  • Barclays Bank PLC17 May 2019 to 10 Nov 2021₹50 crore
  • ICICI Bank Limited12 Oct 2018 to 18 Feb 2020₹88 crore
  • The Bank of Nova Scotia3 Apr 2018 to 10 Nov 2022₹20 crore
  • Axis Trustee Services Limited24 Jul 2017 to 18 May 2022₹80 crore
  • State Bank of India3 Jun 2016 to 17 Mar 2017₹35 crore
  • State Bank of India3 Jun 2016 to 15 Sept 2017₹21.65 crore
  • Axis Bank Limited3 Mar 2016 to 22 Oct 2019₹1.97 crore
  • IDBI Trusteeship Services Limited15 Dec 2015 to 14 Sept 2020₹100 crore
  • IDBI Trusteeship Services Limited2 Dec 2015 to 14 Sept 2020₹100 crore
  • Corporation Bank17 Dec 2009 to 18 Mar 2013₹56 crore
  • Corporation Bank18 Aug 2008 to 8 Jan 2009₹36 crore
  • IDBI Bank Ltd.27 Jan 2005 to 16 Apr 2009₹4.5 crore
  • State Bank of India23 Dec 1997 to 2 Mar 2022₹237.04 crore

What its filings add

Hero Cycles files these with the registrar. Entiva fetches and reads them for you.

  • Every year · AOC-4

    Revenue, profit and the balance sheet

    Its financial statements, year by year.

  • Every year · MGT-7

    Who owns it

    Its shareholders, and how much each one owns.

  • Each loan · CHG-1

    Each loan in detail

    The terms, and which assets back each loan.

  • ChatGPT · Claude

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The details on this page come from public records, including MCA's register of companies as Entiva read it on . Things may have changed since. A loan amount is the most the lender can claim against the company's assets, not what is still owed.