Hical Tech intends to channel the fresh funding into expanding its manufacturing footprint across South India, specifically through a new location in Hosur and its recently inaugurated site in Devanahalli. Capital is also earmarked for acquiring high-precision equipment, building vertically integrated operations, and developing design-led manufacturing capabilities. Founded in 1986, the firm relies heavily on global markets, generating over 90% of its total revenue from international exports to major aircraft original equipment manufacturers. Deloitte Corporate Finance acted as the exclusive financial advisor for the transaction.
Key points
The investment helps Hical scale production to meet increasing demand from prime contract…: The investment helps Hical scale production to meet increasing demand from prime contractors like Boeing, Airbus, and Dassault.
Capital will be deployed to expand research and development, secure technical talent, and…: Capital will be deployed to expand research and development, secure technical talent, and enhance vertically integrated manufacturing processes.
Returns generated from Premji Invest's portfolio companies are primarily directed to fina…: Returns generated from Premji Invest's portfolio companies are primarily directed to finance the Azim Premji Foundation's philanthropic initiatives.
Sources checked by our analysis pipeline: 1
The company’s valuation is estimated at $300 million-$400 million, according to industry sources.
Founded in 1986, Hical manufactures electromechanical components and systems for the aerospace and defence industries, supplying global original equipment manufacturers (OEMs), including Dassault Aviation, Boeing and Airbus.
Its products are used in Rafale fighter jets, commercial aircraft, ships, submarines, defence applications, and Indian Space Research Organisation (ISRO) launch vehicles and satellites.
Exports account for more than 90% of Hical’s business, reflecting its presence in global aerospace and defence supply chains.
The investment will support the company's manufacturing expansion across South India, including its new facility in Hosur and a recently inaugurated facility in Devanahalli.
Premji Invest backing to fund capacity expansion
The fresh capital will be used to acquire high-precision machinery, strengthen vertically integrated manufacturing and develop specialised aerospace manufacturing processes. The company also plans to increase spending on engineering, research and development (R&D), technical talent and quality systems.Hical manufactures more than 1,000 different part numbers used in Boeing and Airbus commercial aircraft and business jet applications. It also supplies Dassault Aviation for the Rafale programme.
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