Axiscades Reports Highest-Ever Revenue In FY23

Mobility Outlook Bureau
26 May 2023
12:40 PM
1 Min Read

Catering to OEMs in the aerospace, defence, heavy engineering, automotive, energy, medical & healthcare sectors, the company, in FY23, has signed a strategic partnership with Mangal Industries, a part of the Amara Raja Group.


End-to-end engineering and technology solutions provider Axiscades has reported a revenue of INR 8,1360 lakh for FY23 with an EBITDA of INR 1,375 lakh. 

According to David Bradley, Chairman, Axiscades, this year's renewal of long-term contracts is a testimony to the team’s client-centric endeavours. Notably, the company signed a strategic partnership with Mangal Industries, a part of the Amara Raja Group. 

This strategic collaboration with Mangal Industries will leverage its proven capabilities in engineering services and take it to the next level with cutting-edge product design, manufacturing engineering, and Industry 4.0 solutions for our combined clientele.

The company was also awarded by Bosch as “The Rising Star” in the Embedded Electronics Category during the maiden Enrico Partner day, an exclusive event held for Bosch’s strategic partners.

Arun Krishnamurthi, CEO & MD, Axiscades, said, “Our three-pronged strategy of ‘vertical diversification, customer diversification and digital first’ is showing results. Our integration with Mistral business is progressing as per plan, and we continue to synergise our offerings to our current and potential customer base, across the group. Our robust order book and long-term contracts with global majors in aerospace, heavy engineering, aerospace & defence sectors will enable us to grow holistically.”

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