Hycom Engineering, a precision engineering manufacturer catering to clients like JCB, Bobcat, and John Deere, aims to boost its revenue from ₹50 crore in FY24 to ₹115 crore by FY29. The company is exploring a ₹100 crore investment to set up a third manufacturing facility in Bidadi, complementing its existing two plants in Peenya, Bengaluru. With an annual production capacity of 40,000 units currently, Hycom plans to double this to 80,000 units by FY29, creating 250 direct jobs.
Holding a dominant 75% market share in swivel joints and 100% in rotary actuators within India, Hycom is targeting a significant leap in the global arena, aiming to grow its share from 2-3% to 15% in the next 3-4 years. The company is focusing on exports to North America, Europe, Japan, and China, with strong traction in the USA and Europe. Exports, which currently contribute 15-18% of sales, are projected to increase to 35-40% by FY29.
Hycom sees India’s expanding construction equipment market, valued at ₹68,000 crore in 2023, as a key driver for growth. With global shifts such as the China-plus-one strategy boosting India’s manufacturing sector, Hycom plans to outpace market growth through both domestic operations and exports. The company has initiated collaborations with Japanese OEMs and continues to strengthen its presence in established markets like the USA and Europe.
Hycom Engineering is a reputed firm specializing in fluid power systems, offering cutting-edge hydraulic and pneumatic solutions to industries worldwide. With a legacy of engineering excellence, the company provides comprehensive services, including design, manufacturing, installation, and maintenance of customized systems.
Hycom is known for its innovative approach to fluid mechanics, delivering solutions that optimize efficiency, reduce downtime, and enhance the overall performance of industrial machinery. Catering to diverse sectors such as manufacturing, construction, energy, and transportation, the company’s expertise extends to both standard and complex applications, ensuring reliability and precision in its offerings.
The company prides itself on its commitment to quality, sustainability, and customer-centricity. Hycom Engineering integrates advanced technologies and high-grade materials to create durable and efficient systems tailored to meet specific industry requirements. Its team of skilled engineers and technicians work closely with clients to understand their operational challenges and provide tailored solutions that maximize productivity while minimizing costs. The firm also offers robust after-sales support and maintenance services, ensuring optimal system performance throughout its lifecycle. This customer-focused approach has earned Hycom a strong reputation and a loyal client base.
Innovation and continuous improvement are at the heart of Hycom Engineering’s philosophy. By staying abreast of the latest trends in fluid power technology, the company ensures that its solutions remain at the forefront of the industry. Hycom actively invests in research and development to introduce state-of-the-art products that align with global sustainability goals, including energy-efficient systems and eco-friendly hydraulic fluids. With its emphasis on innovation, quality, and a deep understanding of fluid dynamics, Hycom Engineering continues to be a trusted partner for industries seeking reliable and sustainable fluid power solutions.
