Hero Cycles, the world’s largest cycle manufacturer by volume, today announced a senior level executive appointment as part of its commitment to adhere to and exceed the best standards of corporate governance and professionalism in the industry. Dr. Anadi Pande, a well—known industry leader with over 32 years of professional and world-class experience, is an acknowledged expert in strategic management. He joins Hero Cycles as “Director, Corporate Strategy & Corporate HR”.
Dr. Pande brings with him a rich experience from both academic and corporate fields. He spent his last seven years as a Professor in Strategic Management at IIM Lucknow, where he was twice honored as the best teacher.He has previously worked with L&T, Hero MotoCorp Ltd. & Tata Motors Ltd. Dr. Pande has devoted 25 years to strategy& human resource management. Amongst his notable achievements is the successful Honda Licensing deal of 2010 in which he was the lead negotiator. At TML, he became one of the youngest managers through fast track selection scheme.
As expressed by Mr. Pankaj Munjal, CMD, Hero Cycles., “I am happy to have Dr. Pande on board at this key juncture of our company’s growth. Hero Cycles is at a positive trajectory today. We are looking at a healthy year ending 31st December, 2015. There are tremendous business opportunities emerging in our new focused areas and the future looks extremely promising for all our stakeholders. I am confident that Dr. Pande will bring his unparalleled expertise and acumen to consolidate Hero Cycles’ commitment to the highest standards in corporate operations and value delivery.” Said Dr. Anadi Pande, Director, Corporate Strategy & Corporate HR, Hero Cycles, “Hero Cycles is the bellwether for Indian industry today. It is my honour and privilege to be a part of this dynamic team that is endeavouring to further enhance its position in a challenging and fast growing market environment.
I have always believed that we must help everyone develop their potential fully and to enable each to contribute whatever value they can and to live fulfilling personal and professional lives. It is my mission to enable Hero Cycles to fulfill its exciting and energizing mission.” Dr. Pande holds a B.Tech from IIT (BHU), a DBM from Pune University and a PhD from University of Lucknow. He is a Lucknow-ite and was brought up in Ludhiana and Gwalior. He is married and blessed with two daughters and currently resides in Ludhiana.
Dr. Pande is a swimming enthusiast
Dr. Pande is a swimming enthusiast and is deeply interested in Indian philosophy. Hero Cycles, the world’s largest bicycle manufacturer has been growing at a rapid pace despite slowing growth rate of demand for cycles in India. Hero Cycles saw record sales of 5.39 lakh units in September, a rise of 15 percent in unit terms, over the corresponding month last year. The company now holds a staggering 41 percent share in the Indian bicycle market.
About Hero Cycles:
Incorporated in 1956, Hero Cycles Limited is the largest cycle manufacturer by volume in the world. The company has a manufacturing capacity of 7.5 million bicycles per year, with its manufacturing units in Ludhiana (Punjab), Bihta (Bihar) & Ghaziabad (UP). The company has a highly integrated plant in Ludhiana which produces 19,000 cycles every day. It also manufactures automotive rims and various other precision-engineered auto components. The company produced 5.5 million bicycles in FY 14. The Hero Motors Group includes cycle giant - Hero Cycles, auto parts manufacturing companies - Hero Motors Ltd, ZF Hero Chassis Systems Pvt. Ltd, Munjal Kiriu Industries Pvt. Ltd, hospitality arm - Munjal Hospitality, and luxury home décor products company - Oma Livings.
Hero Cycles is the leader in both the standard and specialist bicycle segments in India, with an overall market share of about 41 per cent. The company is equipped with state-of-the-art infrastructure and the most modern machinery. The Company also entered the premium bicycle segment with the launch of its new brand, UT Edge, in February 2012. A nationwide distribution network with over 3000 dealers and the favourable location of its plants near its vendors, supports its operations, and facilitates the competitive pricing of its bicycles. Hero Cycles also exports to various countries in the Middle East, Africa, Asia and Europe.
Courtesy by www.businesswire.com
