Premji Invest pumps $35 million into Hical Tech
Bengaluru-based Hical Technologies has secured $35 million in growth equity from investment firm Premji Invest, marking its first institutional investment in nearly four decades. The aerospace and defence components manufacturer plans to use the funds to expand manufacturing capacity and bolster engineering and research capabilities.
Hical's valuation is estimated at between $300 million and $400 million. Founded in 1986, the company specializes in electromechanical components and systems for the aerospace and defence industries, supplying global OEMs such as Dassault Aviation, Boeing, and Airbus. Over 90% of Hical's business comes from exports, underscoring its role in global aerospace and defence supply chains.
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