What we do Atlas Cycles (Haryana) Ltd manufactures bicycles and bicycle components, being India's second-largest cycle maker with significant export history. |
Founded in 1,951 |
Market share Second-largest cycle manufacturer in India and largest bicycle exporter historically. |
Problem solved Provides affordable and diverse bicycle options for transportation and fitness needs domestically and internationally. |
Top clients or who we serve Serves retail consumers and distributors in domestic and international bicycle markets. |
Key management Dr. Praveen Kumar (Independent Director), Mr. Chander Mohan Dhall (Whole Time Director and CFO). |
Our journey and innovations Started with saddles in 1951; first cycles in 1952; expanded capacity to 3.1 million cycles/year; innovated with new bicycle models and paint technologies. |
Where we operate Manufacturing and sales primarily in India with exports to Myanmar and South Africa previously. |
Top products or what we offer Bicycles (ranges like Tango, Laser series), bicycle components, fitness equipment, electric bikes. |
Top brands Tango range (SLR, CTB, ATB, MTB), Laser series bicycles, Velocity, Centre-Shock, Chunmun, Simba, Explorer. |
Raw materials needed Steel tubes, cold-rolled steel for frames and components. |
Raw materials supplier Internal backward integration with steel tube manufacturing facilities at Gurgaon and cold-rolled steel plant at Sonepat. |
Recurring vs cyclical contribution Revenue primarily cyclical, influenced by market demand and seasonal cycles. |
Our industry position Strong market presence as second-largest manufacturer; past leadership in exports and innovation. |
Financial highlights FY 2024-25 revenue Rs. 17.14 crores; net profit Rs. 9.51 crores, a significant improvement over prior year. |
Geographical revenue split - |
Order book - |
Whats driving growth Product innovation, capacity enhancements, paint technology upgrades, and revival strategies. |
Our future plans Production scaling, revitalization of sales, process modernization including expanded paint plant capacity. |
Our green promise - |
Our people and values Committed workforce with focus on safe and harassment-free environment and continuous employee development. |
Key challenges ahead Market demand fluctuations, export revival, operational optimization, and competitive pressures. |
Interesting facts Awarded six bonus issues historically; introduced India’s early electric bikes with international technical collaboration. |
Risks and strategy Risk management policy in place; focused on operational efficiency and market expansion to mitigate challenges. |
