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. The investment marks Hical’s first institutional funding in its nearly four-decade history and will support manufacturing expansion, engineering capabilities and research and development (R&D). Deloitte Corporate Finance acted as Hical’s exclusive financial advisor for the transaction.
Founded in 1986, Hical has developed capabilities in product design, engineering, R&D and precision manufacturing for mission-critical aerospace and defence applications. The company supplies global original equipment manufacturers (OEMs) with actuators, motors, solenoids, transformers and integrated electromechanical systems used in fighter aircraft, commercial aviation, naval platforms, defence applications, ISRO launch vehicles and satellite programmes.
Hical supplies Dassault Aviation for the Rafale programme and manufactures more than 1,000 different part numbers used in Boeing and Airbus commercial aircraft and business jet applications. With exports accounting for over 90% of its business, the company has established a significant presence in international aerospace and defence supply chains.
The fresh capital will be deployed to expand Hical’s manufacturing footprint across South India, including investments in high-precision machinery, vertically integrated manufacturing and specialised aerospace processes. The company’s new facility in Hosur will strengthen its precision machining and specialised manufacturing capabilities, complementing its recently inaugurated facility in Devanahalli.
The investment will also accelerate engineering and R&D initiatives, while supporting the development of skilled talent and advanced quality systems required for complex aerospace and defence programmes. These investments are expected to enable Hical to take on more sophisticated, design-led systems and increase the engineering and technology content of its offerings.
The expansion comes at a time when global aerospace and defence OEMs are seeking long-term manufacturing and engineering partnerships in India. Hical aims to strengthen its role in these programmes by expanding its capabilities in precision manufacturing, qualification processes and product development.
Yashas Jaiveer, Managing Director, Hical Technologies, said, “For nearly four decades, we have built Hical around engineering depth and manufacturing discipline, for applications where reliability is non-negotiable. Premji Invest’s backing helps us accelerate the next phase of that journey. Our ambition is to build from India for the world, not simply by adding capacity, but by increasing the engineering and technology content of what we deliver.”
Manoj Jaiswal, Partner, Premji Invest, said, “India is developing increasingly sophisticated capabilities across aerospace and defence manufacturing, and Hical is a strong example of this evolution. The company has built deep engineering expertise, specialised product capabilities and long-standing relationships with global aerospace and defence customers. We see significant potential for Hical to scale these capabilities as global supply chains increasingly seek high-quality engineering and manufacturing partners in India.” The partnership is expected to strengthen Hical’s position in high-value electromechanical systems and expand its participation in global aerospace and defence programmes.
Hical Technologies is a Bengaluru-based manufacturer and exporter of aerospace and defence electromechanical components and systems. Its products support applications in fighter jets, commercial aircraft, naval platforms, defence systems, ISRO launch vehicles and satellites. The company works with leading global aerospace and defence OEMs, combining engineering capabilities with a focus on quality, precision and reliability.
Founded in 2006 by Azim Premji, Premji Invest is a global investment firm with over US$15 billion in evergreen capital. Operating across India and the United States, it invests in private and public markets and partners with businesses to support long-term growth. The firm has made more than 160 investments, with portfolio companies collectively generating over US$20 billion in annual revenue. Its investment activities primarily support the philanthropic initiatives of the Azim Premji Foundation.
