Private Equity PE-VC Fund Investments
Defence-tech firm Hical Technologies raises $40-M from Premji Invest
Source Hical (opens in a new tab)Business Line (opens in a new tab)
Bengaluru-based Hical Technologies has raised USD 30-40 million in equity funding from Premji Invest.Founded in 1988 by Shashikiran Mullur and Sujaya Shashikiran, Hical manufactures electromechanical components for the aerospace and defence sectors. It supplies actuators, motors, solenoids, transformers, and integrated electromechanical systems to global original equipment manufacturers (OEMs).The firm intends to use the new funds to expand its manufacturing capacity and strengthen engineering and research and development (R&D) capabilities.
Company website ↗ (opens in a new tab)
For FY25, Hical Technologies had reported about INR 203.04 Cr in Operating Income and about INR 7.31 Cr in PAT.