Manchester headquartered Insync Bikes has been named as one of the fastest growing Indian-owned companies in the UK after seeing growth of 43pc in the last year. Insync Bikes is owned by India’s Hero Cycles and the company has just accepted a Tracker Award in London after appearing in Grant Thornton’s annual India meets Britain tracker report produced with the Confederation of Indian Industry (CII).
The tracker report was formerly launched in the capital and tracks Indian owned companies with a turnover of more than £5 million and year-on-year revenue growth of at least 10 per cent and a minimum two-year track record in the UK. Out of 37 Indian owned companies meeting the criteria the report named Insync as the seventh fastest growing in Britain.
Lord Gerry Grimstone Minister for Investment in the UK’s Department for International Trade (DIT) presented the Tracker Award to Gopal Krishan, Insync’s Head of Business at the event.
Insync Bikes Executive Director Raman Awasthi said Insync sold more than 50,000 bikes in retail in the year to November 2020, a 200 per cent increase on the previous year. It sold a further 186,000 bikes in 2021.