Hind High Vacuum Targets ₹300-Cr Revenue in FY25, Aims for ₹500-Cr by FY29.

Hind High Vacuum (HHV), a leading manufacturer of vacuum equipment and thin-film components, is projecting a significant jump in its revenue, targeting a ₹300 crore topline for the current fiscal year (FY25). This marks a substantial increase from the ₹220 crore recorded in FY24, according to Managing Director Prasanth Sakhamuri.

The company has set an ambitious goal to reach ₹500 crore in revenue by FY29.

Shifting Revenue Focus

While HHV has historically seen about 30% of its revenue from the space sector, Sakhamuri anticipates this share will moderate to roughly 20%. The company is shifting its focus toward manufacturing and supplying components for electronics, photovoltaics, and other industrial applications.

The key driver of this growth is expected to be HHV's coating and coating equipment business, housed under HHV Advanced Technologies. This vertical, which contributed about ₹180 crore in FY24, is slated to power the company toward its ₹500 crore target. Following this milestone, HHV plans to explore an Initial Public Offering (IPO).