Atlas Cycles (Haryana) Ltd., previously known as Atlas Cycle Industries (ACIL) started with the manufacture of bicycle saddles in 1951, and produced its first bicycle in 1952. From a modest beginning of 120 cycles per day, the company has come a long way to become Indias second-largest cycle manufacturer. It has units at Sonepat, Sahibabad, Rasoi and Gurgaon, all in Haryana. Its combined manufacturing capacity stands at a hefty 3.1 million cycles per annum. It emerged as the largest exporter of bicycles from India. New export markets like Myanmar and South Africa were explored in 1994-95. It has been exporting components, bicycles and mopeds, besides tapping the fitness equipment market overseas. Its ISO-9002 certification is expected to boost exports. The steel tube manufacturing facility at Gurgaon was expanded from 25,000 tpa to 50,000 tpa. The expansion was funded by a rights issue of NCDs in Nov.94. This backward integration helped Atlas stem the profit erosion due to rising costs.It continued its backward integration by setting up a 10,000 tpa cold-rolled (CR) steel project (cost : Rs 14 cr) at Sonepat, housed at the site used previously by its moped unit. The company has developed and implemented a sophisticated frame alignment checking and correcting fixture by employing hydraulic clamping, electronic sensing and display capable of reading errors upto 0.1 mm. A new design for a rowing machine and a bicycle with front telescopic suspension have been developed. Their prototypes are being tested.The company has awarded its shareholders six bonus issues between 1966 and 1994. During 1995-96, new TANGO range of fancy bikes covering SLRs, CTBs, ATBs, & MTBs has been developed. Company has newly introduced `Laser series of bicycles. The paint application plant has been commissioned
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Atlas Cycle (Haryana) Limited Outstanding Shares: |
6503838 |
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Face Value of Atlas Cycle (Haryana) Share: |
Rs. 5 Per Equity Share |
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ISIN of Atlas Cycle (Haryana) Limited Share: |
INE446A01025 |
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Lot Size of Atlas Cycle (Haryana) Share: |
100 |
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Atlas Cycle (Haryana) Share Price: |
Best In Industry |
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PAN Number of Atlas Cycle (Haryana). : |
AABCA8412C |
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Atlas Cycle (Haryana) Limited CIN Number |
L35923HR1950PLC001614 |
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Atlas Cycle (Haryana) Limited Registration Date |
31-May-50 |
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Category / Sub-Category of Atlas Cycle (Haryana) Limited |
Public Companies having a share capital |
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Atlas Cycle (Haryana) Limited Registered Office Address |
INDUSTRIAL AREASONEPAT HARYANA HR 131001 IN. |
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Atlas Cycle (Haryana) Limited Registrar & Transfer Agent Address & Contact Details |
T-34, 2nd Floor, Okhla Industrial Area, Phase-2, New Delhi-110020 |
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Director |
Post |
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Mr. Jarnail Singh |
Chairman & Independent Director |
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Mr. Hem Kumar Pande |
Independent Director |
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Ms. Surina Rajan |
Independent Director |
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Mr. Manmohan Juneja |
Independent Director |
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Mr. Ved Kumar Jain |
Independent Director |
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Mr. R. Parthasarathy |
Independent Director |
