Milton Cycle Industries Limited Unlisted Shares

Milton Cycle Industries Limited (MCIL) is an unlisted company established on May 10, 1960, primarily engaged in the manufacturing of bicycles and bicycle components. The company is headquartered in Sonepat, Haryana, where it operates a manufacturing facility spread over 7.5 acres, capable of producing up to 5,000 bicycles daily. Its product range includes various types of bicycles such as fancy bikes, ladies' bikes, junior bikes, kids' bikes, and roadsters, along with components like chains, freewheels, and rims. Initially functioning as a subcontractor for Atlas Cycles (Haryana) Limited, MCIL transitioned to a fully-fledged bicycle manufacturer in July 2006. The company markets its products through a dealer-distributor network across several states in India and neighboring countries like Nepal. Despite its growth and diversified product offerings, MCIL faces challenges such as rising input costs and competition from both organized and unorganized sectors, particularly from Ch...