A high strength cold rolled steel sheet which: has a component composition comprising in mass% 0.05 to 0.30% of C 3.0% or less (excluding 0%) of Si 0.1 to 5.0% of Mn 0.1% or less (excluding 0%) of P 0.02% or less (excluding 0%) of S 0.01 to 1.0% of Al 0.01% or less (excluding 0%) of N and a remainder made up by iron and unavoidable impurities; contains a ferrite at an area ratio of 20 to 50% as a soft first phase with the remainder being a hard second phase; and has a tissue comprising tempered martensite and/or tempered bainite and is controlled in such a manner that cementite particles having proper sizes are present in grains of the ferrite at a proper number density.
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