Premji Invest pumps $35 million into Hical Technologies to expand aerospace, defence manufacturing

The Economic Times · ET Online · 2026-11-06 11:35 UTC

Premji Invest has invested $35 million in Bengaluru-based Hical Technologies, marking the aerospace and defence components makers first institutional funding in nearly four decades. The company, valued at $300 million-$400 million according to industry sources, will use the capital to expand manufacturing capacity, engineering capabilities and R&D across South India.

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.

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