Hical Technologies Raises US$30–40 Million Growth Equity from Premji Invest for Aerospace and Defence Manufacturing Expansion, Including New Hosur Facility
Hical Technologies, a Bengaluru-headquartered manufacturer and exporter of aerospace and defence electromechanical components and systems, has raised US$30–40 million in growth equity from Premji Invest. It is the company’s first institutional funding. Deloitte Corporate Finance was Hical’s exclusive financial advisor for the transaction.
The capital will be used to expand Hical’s manufacturing footprint across South India. This includes investment in high-precision machinery, vertically integrated manufacturing and specialised aerospace processes. The new Hosur facility will add precision machining and specialised manufacturing capabilities. It will complement the recently inaugurated Devanahalli facility. The source does not state the Hosur facility’s capacity, cost or commissioning date.
The funding will also support engineering and R&D initiatives, skilled talent development and advanced quality systems for aerospace and defence programmes.
Hical makes actuators, motors, solenoids, transformers and integrated electromechanical systems. These are used in fighter aircraft, commercial aviation, naval platforms, defence applications, ISRO launch vehicles and satellites. Exports account for over 90 per cent of its business.
