Raghu Vamsi Group Acquires UK's PMC Group, Expands into Oil and Gas Sector

Hyderabad (India): Indian precision manufacturing firm Raghu Vamsi Group, a tier 1 supplier to global aerospace majors such as Boeing Co. and GE Aviation, has fully acquired the PMC Group in the United Kingdom to strengthen its core capabilities and expand to the oil and gas industry.

The Hyderabad-based Raghu Vamsi Group also supplies hi-critical components, sub-assemblies, and systems to other global aerospace and defence majors such as Honeywell, Rolls-Royce, Collins Aerospace, Halliburton, Eaton, and Cytiva.

PMC Group specialises in components for the oil and gas industry, and this acquisition by the Indian firm represented “a strategic step forward” for the Raghu Vamsi Group’s vision to enhance its global footprint and expand capabilities by moving up the value chain in providing high-precision products and solutions to critical industries worldwide.

“PMC Group’s expertise in precision machining, coupled with Raghu Vamsi Group’s state-of-the-art manufacturing facilities in Hyderabad, will foster greater synergies in product innovation and cater to a wider segment of high precision products, delivering advanced engineering solutions for the oil and gas sector and beyond. The combined strengths of India and the UK will provide a cost-efficient & high-precision solution for customers,” a statement from the company said.

PMC Group brings over 35 years of rich experience and deep knowledge in critical manufacturing capabilities, supplying global oil and gas Original Equipment Manufacturers (OEMs) like SLB, Baker Hughes, Halliburton, Expro, Tech FMC, and One Sub Sea. The Group employs around 100 employees and has a revenue of INR 180 crore with manufacturing capabilities of complex parts and assemblies in Nickel Alloys up to six meters long.

The announcement was made at a special event attended by key industry stakeholders, including the UK’s Deputy High Commissioner to India Gareth Wynn Owen; the Telangana government’s Special Chief Secretary (ITE and C), Industries, and Commerce Jayesh Ranjan; Telangana Aerospace and Defence Director Praveen P. A.; MIDHANI Chairman and Managing Director Dr. S. K. Jha; and ARCI Scientist-G Dr. L. Rama Krishna.

“We are thrilled to welcome PMC Group into the Raghu Vamsi family. We are excited that this acquisition now combines our manufacturing strengths with PMC Group’s expertise in precision machining and helps expand our global footprint and cater to a wider segment of high-precision products. Our portfolio will also grow beyond our traditional aerospace and defence to include oil and gas sectors with an entry into growing European markets,” Raghu Vamsi Group managing director Vamsi Vikas said.

Speaking exclusively to Defence.Capital over the phone from Hyderabad, Vamsi Vikas said the PMC Group acquisition would provide the Raghu Vamsi Group its first ever overseas manufacturing facility, and a firm footing in the oil and gas industry, though his group have entered into several joint ventures in India previously.

“Currently, our 95 percent business is in the aerospace and defence sector, and the rest five percent in oil and gas industry. The new acquisition would result in our oil and gas industry business growing to 25 percent, and enable use with risk mitigation in this particular industry,” Vamsi Vikas said.

The Raghu Vamsi Group supplies to global OEMs for aeroengines, apart from sub-assemblies to India’s Defence Research and Development Organisation (DRDO). The Group also has its own products such as engines for unmanned aerial vehicles and loitering munitions, he added.

Gareth Wynn Owen highlighted the acquisition’s significance as a positive development for UK-India business relations. “This acquisition is a prime example of the growing collaboration between the UK and India in advanced manufacturing and technology. We look forward to seeing how this partnership enhances both the companies’ positions in the global market,” he said.

“This acquisition is a highly strategic milestone, being the first of its kind between Raghu Vamsi, an Indian MSME, and PMC, a renowned UK-based precision manufacturing group with roots tracing back over 100 years. It serves as a prime example of how Indian industries can expand their global footprint and compete at the highest levels,” Jayesh Ranjan said.

“I am also pleased to note the active support of major Indian PSUs like MIDHANI and ARCI, who are supplying specialized raw materials and advanced engineered coatings, thereby fostering a local ecosystem capable of meeting global demand while maintaining the highest standards of quality. It is truly inspiring to witness a Hyderabad-based MSME transforming into a multinational company, marking a historic moment in our journey.”

Raghu Vamsi Group’s manufacturing facilities, bolstered by advanced engineering capabilities, already support critical programmes for Indian defence and space research labs. With this acquisition, the company aims to expand its portfolio to cater to the evolving needs of global OEMs, offering cutting-edge solutions that meet the highest standards of quality and precision, the statement added.

NOTE: Raghu Vamsi Group is AS 9100 D and NADCAP-approved consortium of companies engaged in the design, development, manufacturing, and exporting high precision engineering components and sub-assemblies for aerospace, defence, space, industrial, medical, oil and gas, energy, and UAVs, employing more than 800 persons.

NOTE: PMC Group is globally known for producing choke valve components, finishing hard surfaces, including flats, rounds, and spheres, and manufacturing complex components in exotic alloys including Inconel, MP35N, K500 and K400 Monel, and Toughmet. PMC Group has been in the business for more than 35 years with deep knowledge in critical manufacturing capabilities, supplying Blue Chip Oil & Gas OEMs like SLB, Baker Hughes, Halliburton, Expro, Tech FMC, and One Sub Sea, employing around 100 persons and a revenue of over INR 180 crore.