Ghaziabad man builds Rs 20 cr co with wife's savings
Krishna Grover was once a corporate employee earning Rs 3,500 a month. Today, he runs Herald E-Bike, an electric two-wheeler business generating monthly revenue of around Rs 1.5 crore. The turning point came when Grover, with financial support from his wife Ritika, left his job to start the venture. Based in Ghaziabad, Herald E-Bike has expanded its product lineup to 34 models and established a network of over 550 showrooms.
The company's expansion targets electric vehicle buyers in India's smaller cities, addressing concerns about product quality and after-sales service. Herald E-Bike aims to achieve an annual revenue of Rs 20 crore by FY2026-27 and has set its sights on international markets, including Nepal and Sri Lanka, with an IPO target of 2029.
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