Panaji, Goa. Hughes Precision Manufacturing Pvt. Ltd., a leading private sector manufacturer and exporter of small caliber ammunition in India, on July 20 announced that its order book has crossed the historic milestone of Rs 1,000 crores. The orders comprise 40% export orders from international clients and 60% from Indian government agencies, including the Indian Army, police, and paramilitary forces, and are deliverable over the next two years.
Established in Goa in 2020 under the “Make in India” initiative, Hughes Precision has setup one of the most advanced manufacturing facilities in Goa. Since its inception, the company has invested more than ₹2 Billion and created over 200 jobs at its state-of-the-art facility in the Verna Industrial Estate, Goa.
On October 27, 2025, Hughes was honoured with the award for Best Defence Export Performance in the Medium Sector – FY2024-25 by Rajnath Singh, Minister of Defence. The company exports to more than 20 countries and is the only Indian company approved as a supplier to the US Department of Defense and NATO forces.
Commenting on the milestone, Sanjay Soni, Managing Director, Hughes Precision Manufacturing Pvt. Ltd., said, “Crossing the Rs 1,000 crore order bookmark is a proud moment for Hughes Precision, and it validates the confidence placed in us by the Indian armed forces and clients across more than 20 countries. India’s defence sector is at an inflection point. With a record Rs 7.85 lakh crore defence budget, a rapidly growing ammunition market, and an export target of Rs 50,000 crores by 2029-30, the opportunity for Indian private manufacturers has never been greater. Hughes is proud to serve as a critical national asset and a trusted global supplier, and we remain deeply committed to the vision of Aatmanirbhar Bharat and the continued support of the Ministry of Defence.”
Scaling for the Future
To meet surging demand, Hughes is expanding capacity from 80 million to 200 million rounds per annum with a new 100,000 sq. ft. facility completing in December 2026. Once the new facility is operational, Hughes Precision will be the largest manufacturer of small caliber ammunition in Asia and the Middle East. The company is also developing anti-drone ammunition to counter emerging battlefield threats.
