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      • The company first started making losses in 2014, which resulted in its Malanpur plant in Madhya Pradesh being shut. The company continued to record losses four years later, forcing its Sonepat plant shut in February 2018. And now, it has shut its last factory and laid off around 700 employees.

      Atlas Cycles, the wheels of Indian childhood, has put the ...

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  3. www.deccanherald.com › business › the-rise-and-fallThe rise and fall of Atlas Cycles - Deccan Herald

    Jun 4, 2020 · Over the last six years, Atlas has closed down two units. In December 2014, the company had shut its Malanpur unit in Madhya Pradesh. Later in 2018, it had suspended manufacturing at its...

  4. www.indiatimes.com › trending › human-interestChildhood Lost: Atlas Cycles No More, Shuts Down Last Plant ...

    Jun 11, 2020 · One of the most renowned Indian bicycle brands – Atlas Cycles – ceased its operations completely on the day. On Wednesday, the company issued a statement, stating an incapability to continue its manufacturing operations due to financial constraints.

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  6. www.news18.com › explainers › why-atlas-cycles-exWhy Atlas Cycles’ Ex-President Salil Kapoor Died ... - News18

    Sep 5, 2024 · Former Atlas Cycles President Salil Kapoor allegedly committed suicide at his three-storey house in posh Aurangzeb Road (now APJ Abdul Kalam Road) in Delhi on Tuesday. The police said his body was found by his manager near the puja room of his house around 1 pm with a gunshot wound.

  7. www.hindustantimes.com › cities › chandigarh-newsLudhiana: Shut since June 2020, Atlas Cycles resumes ...

    In December 2014, company’s Malanpur factory in Madhya Pradesh had closed down. In February 2018, Atlas Cycles (Haryana) said it was suspending manufacturing at its Sonepat unit with...

  8. trak.in › tags › business69 Yr Old Atlas Cycles Shuts Down Forever, 700 Employees ...

    Jun 5, 2020 · In 2014, Atlas Cycles had shut down their Malanpur unit in Madhya Pradesh. In 2018, they shut down their Sonipat unit in Harayana. And now, the only remaining unit at Sahibabad has also closed...

  9. www.business-standard.com › article › news-iansAtlas Cycles to shut down Madhya Pradesh factory

    Dec 18, 2014 · After years of losses incurred from its Malanpur factory in Madhya Pradesh, Atlas Cycles has decided to shut down the unit and has already suspended manufacturing activity there, the company said Thursday.

  10. theprint.in › feature › atlas-cycles-the-wheels-ofAtlas Cycles, the wheels of Indian childhood, has put the ...

    Jun 13, 2020 · Atlas Cycles was founded in 1950 by Janki Das Kapur, a man with a singular dream, to build quality cycles at affordable prices for his fellow Indians. From his modest beginnings, of building cycles in a shed in Sonepat, he set up his first factory complex, a 25-acre affair, in just a year.