Axiscades Technologies Limited Company Profile: Products, Promoters and Clients

Axiscades Technologies Limited Company Description

Axiscades Technologies Limited, Founded in 1990, is a leading technology solutions company focusing on engineering solutions and services. The company is a trusted partner for international OEMs that manage complex supply chains and advanced technologies. They support clients from the initial concept to manufacturing and after-sales services. The company helps businesses shift to online operations through business convergence.

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Q1.What are the Products and Service offerings of Axiscades Technologies Limited?

Service Offerings: Axiscades offers a range of product engineering solutions, including:

1. Embedded Software and Hardware
2. Digitization and Automation
3. Mechanical Engineering
4. System Integration
5. Test Solutions
6. Manufacturing Engineering
7. Technical Publications
8. Aftermarket Solutions

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Business Segments (FY24):

1. Technology Services and Solutions (~73%): This segment provides product design, engineering, and research and development services.
2. Strategic Technology Solutions (27%): This segment focuses on integration services for defense and offsets businesses, partnering with major OEMs in areas like strategic electronics, avionics, radar data processing, and electronic warfare.

Q2.Who are the Promoters of Axiscades Technologies Limited?

Abidali Neemuchwala: CHAIRMAN AND NON-EXECUTIVE DIRECTOR

Over the course of a 3 decade long & distinguished career in the technology industry Abid has established a reputation for bold transformative thinking, a laser focus on results and an unwavering commitment to maximizing stakeholder value. He has displayed a consistent ability to align and motivate his organizations to envision and deliver business results leveraging technology as it unfolds, resulting in market differentiation, rapid scaling and industry leading profitability.

Abid is currently investing and mentoring next generation technology software and services companies as Co-founder of Dallas Venture Capital and has select director/advisor positions with growth funds and companies. Abid began his journey with Tata Consulting Services (TCS) in 1992 as a campus hire from IIT Bombay and quickly rose through the ranks running P&Ls from 2001 onwards. Abid has to his credit led the Indian IT Industry’s first mega deal of $100M in 2001, and over the course of 20 years has aggregated to deals worth $7B.

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Arun Krishnamurthi: CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR

With close to three decades of experience, Arun Krishnamurthi has been a transformational executive business leader with experience across multiple industry verticals and service areas. As a business leader he has extensive experience in managing large P&L’s, major transformation projects and M&As. He is a strong sales leader with a proven track record in winning large outsourcing deals.

Consistently throughout his illustrious career Mr. Krishnamurthi has demonstrated astute leadership skills and business acumen. As a part of several steering committee for key business transformation programmes, he has been focused on improving market positioning, wallet share, customer traction, optimization, cost-reduction and turnaround.

Mr. Krishnamurthi joins AXISCADES from Tata Technologies, London, where he was the president for the Europe region. Here, he was responsible for sales of the Europe business and also on the board of TTL UK, Romania and Sweden. His focus has been on growing existing as well as new client relationships and also increasing the share of new technology trends in engineering and digital. Also as part of the Growth Industries initiative, he was responsible for growing the non Automotive portfolio of the company.

Q3.Who are the Clients of Axiscades Technologies Limited?

The company clients list include Ranbaxy,Apollo Tyres,Hero Cycles,ONGC,HDFC Bank etc.

Geographical Split:

• APAC: 31% in FY24, up from 24% in FY22
• Europe: 38% in FY24, up from 32% in FY22
• USA: 27% in FY24, down from 37% in FY22
• Canada: 4% in FY24, down from 6% in FY22

Between FY22 and FY24, Axiscades experienced higher growth in Europe and the APAC regions, while growth in the USA and Canada was muted, leading to a reduced revenue share from these regions.

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(By Medhansh Bairaria)