Founder – Dr Brij Mohanlal Munjal

Founded on - January 19, 1984;

34 years ago
Headquarter- Gurgaon, India
Industry – Automotive
No of Employees – 5842
Subsidiaries- Hero Cycles

Hero Motocorp Ltd., formerly Hero Honda, is an Indian motorcycle and

scooter manufacturer based in New Delhi, India.
 Current/ Non current asset
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2018 2017 2016 2015 2014
Current Asset 8848.18 7453.18 5935.09 5282.13 5553.88
Non current asset 7890.62 7241.08 6405.6 5239.57 4541.42
 Current/Non current Liabilities
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2018 2017 2016 2015 2014
Current Liability 4343.32 4093.33 4048.82 3883.42 4423
Non current liability 626.6 489.64 347.12 96.95 74.43
YEAR 2018 2017 2016 2015 2014
REVENUE 32756.31 29022.89 28990.82 20078.04 25721.85
EXPENSES 27512.15 24364.43 24595.84 24594.18 22854.60
NET PROFIT 3697.36 3377.12 3132.37 2385.64 2109.08
RESERVE AND 11728.94 10071.35 7904.81 6501.39 5559.93
SURPLUS
Significant Accounting policies followed in
hero
Government grants
Government grants are not recognized until there is reasonable assurance that the Company will comply with the conditions attaching to
them and that the grants will be received.

Employee benefits Retirement benefit

Payments to defined contribution plans are recognized as an expense when employees have rendered service entitling them to the
contributions.

Leasing
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the
lessee. All other leases are classified as operating leases.