Doing business in today’s competitive environment is quite challenging indeed. But what if you have an out-of-the-box idea and the skillsets required to execute it? The story of Hycom Engineering (India) Pvt. Ltd. is a classic example of what happens when you negate your disadvantage, to make it a major USP in business. Peenya-based Hycom is a leading hydraulics contract manufacturing company involved in the manufacture and supply of rotary couplings and hydraulic directional control valves for the fluid power industries and OEMs. Founded in 2009, the company has been relying on its strong know-how in design and manufacturing to deliver quality products in line with customer expectations.
In line with its attempt to catch global attention, Hycom debuted at the IAA commercial vehicles exhibition last year. Mr. M. Seethapathy Rao, Chairman & Managing Director, Hycom Engineering (India) Pvt. Ltd., says: “We are on a fairly rapid growth path and have been participating in international exhibitions. We want to make products of international quality and be a global player. We want to understand where the technology is moving globally and are here (at IAA) to showcase our presence to the world. We deliver global quality products at global scale but at Indian costs. Customers want a partner who is ethical and can support them at all situations and we believe we can be such a partner.”
Hycom manufactures control valves for tipping systems for majors such as Wipro, Hypratek and few others, while it also does rotary couplings for excavators where JCB is one of its key customers. Talking about its differentiated strategy, Mr. Rao explains: “We did not want to build a new brand as the hydraulics market was already well matured in India. With our contract manufacturing strategy and offering products in customers’ brand, we have no competition. As a result, we have converted a weakness into a major advantage.”
The company has a facility at Peenya in Bangalore with a production capacity of 8,000 valves per month and 500 couplings a month, which can be doubled quite easily when the market open up in future.