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Business Standard
15 hours ago
- Business
- Business Standard
Axiscades, Europe's MBDA join hands to set up defence unit Bengaluru
Homegrown Axiscades on Friday said it has signed an agreement with European missile systems major MBDA to set up a defence facility in Karnataka Homegrown Axiscades on Friday said it has signed an agreement with European missile systems major MBDA to set up a defence facility in Karnataka. The pact has been inked through its wholly owned subsidiary Axiscades Aerospace and Technologies to set up the unit at the Aerospace Park near Kempegowda International Airport, Bengaluru, Axiscades Technologies (Axiscades) said in a statement. "The facility will be equipped with test bench laboratories, infrastructure for missile launchers, specialized equipment, and trained technical personnel to support MBDA's advanced systems engineering requirements," it said. The agreement was signed on the sidelines of the ongoing Paris Air Show 2025 in France. In May, Axiscades CEO and MD Alfonso Martinez said, "As we approach FY26, our priority is to capitalise on the opportunities in emerging sectors like manufacturing, MRO, chip-to-product and advanced defence technologies, including unmanned warfare, to bring about non-linear, product-led, scalable growth". Bengaluru-based Axiscades is a leading end-to-end engineering and technology solutions provider, catering to sectors like aerospace, defence, heavy engineering, automotive and energy, among others. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
16 hours ago
- Business
- Time of India
Axiscades, Europe's MBDA join hands to set up defence unit in Bengaluru
Homegrown Axiscades on Friday said it has signed an agreement with European missile systems major MBDA to set up a defence facility in Karnataka . The pact has been inked through its wholly owned subsidiary Axiscades Aerospace and Technologies to set up the unit at the Aerospace Park near Kempegowda International Airport, Bengaluru , Axiscades Technologies (Axiscades) said in a statement. "The facility will be equipped with test bench laboratories, infrastructure for missile launchers , specialized equipment, and trained technical personnel to support MBDA's advanced systems engineering requirements," it said. The agreement was signed on the sidelines of the ongoing Paris Air Show 2025 in France. In May, Axiscades CEO and MD Alfonso Martinez said, "As we approach FY26, our priority is to capitalise on the opportunities in emerging sectors like manufacturing, MRO, chip-to-product and advanced defence technologies, including unmanned warfare, to bring about non-linear, product-led, scalable growth". Live Events Bengaluru-based Axiscades is a leading end-to-end engineering and technology solutions provider, catering to sectors like aerospace, defence, heavy engineering, automotive and energy, among others.
Time of India
27-05-2025
- Business
- Time of India
Engineering and tech firm Axiscades Q4 net profit grows over three-fold to Rs 32 crore
Engineering solutions provider Axiscades has reported over three-fold jump in consolidated net profit to Rs 32 crore in the March quarter, aided by higher revenues. It had recorded a net profit of Rs 9 crore during the January-March period of 2023-24, the company said. Axiscades revenue increased 5% to Rs 268 crore in the latest fourth quarter from Rs 256 crore a year ago. The company's EBITDA (earnings before interest, tax, depreciation and amortisation) also rose 15% to Rs 37 crore in the quarter under review from Rs 32 crore in Q4 FY24. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo For the entire fiscal, its revenue surged 8% to Rs 1,031 crore from Rs 955 crore a year ago, the company said in a filing on Monday. Its CEO and MD Alfonso Martinez said, "As we approach FY26, our priority is to capitalise on the opportunities in emerging sectors like manufacturing, MRO, chip-to-product and advanced defence technologies, including unmanned warfare, to bring about non-linear, product-led, scalable growth". Live Events The company also plans to invest significantly in developing new proof of concept and products with a focus on creating commercially viable assets for future revenue. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The board also approved merger of its step-down subsidiary 'add solution GmbH' with AXISCADES GmbH, the wholly-owned subsidiary of the company. On the rationale behind the move, it said the business of both entities add solution GmbH and AXISCADES GmbH are complimentary. Hence consolidation of the entities will result in synergy of business operations, optimise operational cost and reduce the compliance risk. Bengaluru-based Axiscades Technologies (Axiscades) is a leading end-to-end engineering and technology solutions provider , catering to sectors like aerospace, defence, heavy engineering, automotive and energy, among others.
Mint
27-05-2025
- Business
- Mint
Axiscades Q4 Results: Net profit grows over 3-fold to ₹32 crore, revenue up 5% YoY; Merger approved
Engineering solutions provider Axiscades has reported over three-fold jump in consolidated net profit to ₹ 32 crore in the March quarter, aided by higher revenues. It had recorded a net profit of ₹ 9 crore during the January-March period of 2023-24, the company said. Axiscades revenue increased 5 per cent to ₹ 268 crore in the latest fourth quarter from ₹ 256 crore a year ago. The company's EBITDA (earnings before interest, tax, depreciation and amortisation) also rose 15 per cent to ₹ 37 crore in the quarter under review from ₹ 32 crore in Q4 FY24. For the entire fiscal, its revenue surged 8 per cent to ₹ 1,031 crore from ₹ 955 crore a year ago, the company said in a filing on Monday. Its CEO and MD Alfonso Martinez said, "As we approach FY26, our priority is to capitalise on the opportunities in emerging sectors like manufacturing, MRO, chip-to-product and advanced defence technologies, including unmanned warfare, to bring about non-linear, product-led, scalable growth". The company also plans to invest significantly in developing new proof of concept and products with a focus on creating commercially viable assets for future revenue. The board also approved merger of its step-down subsidiary 'add solution GmbH' with AXISCADES GmbH, the wholly-owned subsidiary of the company. On the rationale behind the move, it said the business of both entities add solution GmbH and AXISCADES GmbH are complimentary. Hence consolidation of the entities will result in synergy of business operations, optimise operational cost and reduce the compliance risk. Bengaluru-based Axiscades Technologies (Axiscades) is a leading end-to-end engineering and technology solutions provider, catering to sectors like aerospace, defence, heavy engineering, automotive and energy, among others.
Business Upturn
24-04-2025
- Automotive
- Business Upturn
AXISCADES appoints Anurag Sharma as CEO of add-solution to boost European growth and engineering innovation
AXISCADES Technologies Ltd. has announced the appointment of Anurag Sharma as CEO of add-solution GmbH, its Germany-based subsidiary. The move is aimed at accelerating the company's growth in Europe and strengthening its capabilities in software-led engineering services across aerospace, automotive, and industrial sectors. This strategic leadership change comes as AXISCADES doubles down on its Electronics, Semiconductors, and Artificial Intelligence (ESAI) business focus and aims to embed deeper into the R&D cycles of European OEMs, especially in the high-growth EDS (Electrical Distribution Systems) domain. A step forward in European market strategy Anurag Sharma, an IIT Roorkee alumnus, brings over 30 years of leadership experience across major global organizations like Siemens Technology, Altran India, Ansys, Altair Engineering, and Segula Technologies. His track record includes scaling businesses, managing large P&L portfolios, and driving localization and digital manufacturing programs globally. Commenting on the appointment, Alfonso Martinez, CEO & MD of AXISCADES, said: 'Anurag brings a rare blend of executional foresight and domain expertise in electrification, semiconductor-led innovation, and AI-driven transformation—all of which align perfectly with our strategic roadmap in Europe.' Anurag Sharma's vision for add-solution Speaking on his new role, Anurag Sharma highlighted the evolving dynamics in EDS and embedded electronics, particularly the shift towards software-defined vehicles and digital engineering: 'We aim to deepen global partnerships and deliver smarter, faster, and more integrated engineering solutions. Our goal is to give AXISCADES a unique edge in a rapidly transforming industrial landscape.' Under his leadership, add-solution GmbH will focus on wiring harness design, component testing, thermal management, and drone technology—critical areas for next-generation product development across aerospace and automotive industries. About AXISCADES AXISCADES Technologies Ltd. is a leading end-to-end technology and product engineering company serving global clients in Aerospace, Defense, Automotive, and Industrial sectors. Headquartered in Bengaluru, it operates across 17 locations worldwide, including the USA, UK, Germany, France, and China, with a team of over 3,200 professionals. FAQs What is add-solution GmbH? A German subsidiary of AXISCADES focused on wiring harness design, drone systems, and thermal management solutions. Who is Anurag Sharma? The newly appointed CEO of add-solution, with over 30 years of experience in engineering leadership roles across Siemens, Ansys, and more. What is AXISCADES aiming to achieve with this appointment? Accelerated growth in Europe, deeper OEM integration, and expanded capabilities in ESAI (Electronics, Semiconductor, and AI). Which markets will be key focus areas? European premium automotive, aerospace, and defense markets. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research or consult a business advisor before making any investment or strategic decisions.
