Axiscades Engineering Technologies has announced a significant order for its subsidiary, Mistral Solutions Private Limited. The order, awarded by the Combat Aircraft Systems Development & Integration Centre (CASDIC), DRDO, Ministry of Defence, is for the development and production of Electronic Control Units for the cooling system of Su-30MKI fighter jets as part of the 'Super-30' modernization program.

Order Details

The contract consists of two phases:

1. Prototype Development: Mistral Solutions will initially develop 10 prototype units of the Electronic Control Unit for the cooling system of Su-30MKI aircraft.

2. Production Phase: Following successful prototype development, the company anticipates a production order for approximately 600 units for the Su-30MKI upgrade program.

Project Timeline and Value

Strategic Importance

This order marks a significant milestone for Axiscades Engineering Technologies and its subsidiary in the defense sector. The project aligns with India's efforts to upgrade its Su-30MKI fleet, enhancing the combat capabilities of the Indian Air Force.

Company Statement

C. Manikandan, CEO of AXISCADES, stated that the order reflects the company's capability to design and deliver advanced indigenous technologies for combat requirements. This showcases the technical expertise of Mistral Solutions and positions Axiscades Engineering Technologies as a key player in India's defense modernization initiatives.

Company Profile

Axiscades Engineering Technologies operates as an end-to-end technology and solutions provider in aerospace, defense, and electronics domains. The company employs over 3,000 professionals across 17 global locations, demonstrating its significant presence in the industry.

Market Impact

This substantial order is likely to have a positive impact on Axiscades Engineering Technologies' financial outlook for the coming years. The long-term nature of the contract, spanning up to 5 years for the production phase, provides a stable revenue stream for the company.

Investors and market analysts will be closely watching the execution of this project, as successful delivery could lead to more opportunities in the defense sector for Axiscades Engineering Technologies and its subsidiaries.

Stock Performance

Following the announcement, Axiscades Engineering Technologies' shares were trading at ₹1270.00 on the NSE, up by ₹24.20 or 1.94%, indicating a positive market response to the news.

Axiscades Engineering Technologies , a leading provider of deep tech and engineering services, has announced significant changes to its leadership structure, aimed at driving international growth and achieving its ambitious revenue target.

Key Leadership Changes

Alfonso Martinez Fernandez, who previously served as the Chief Executive Officer and Managing Director of AXISCADES Technologies Limited, has resigned from his position effective August 22, 2025. Martinez will transition to a new role as Head of International Business and Global Operations, as well as assuming the position of Managing Director and CEO of AXISCADES GmbH.

In light of this change, Dr. Sampath Ravinarayanan has been re-designated from Chairman and Whole Time Director to Chairman and Managing Director of AXISCADES Technologies Limited, effective August 23, 2025.

Strategic Focus on Global Expansion

The leadership reshuffle is part of AXISCADES' strategy to become a $1 billion revenue company by 2030. This goal requires significant expansion of the company's international business, partnerships, and alliances.

Martinez, with over 25 years of leadership experience in engineering, aerospace, defense, and technology services, will focus on strengthening the group's international business across North America, Europe, the UK, and Asia-Pacific. His new role will involve advancing the company's global growth strategy, expanding its presence in key markets, and deepening collaborations with international partners and OEMs.

Martinez's Vision for International Growth

Commenting on his new appointment, Martinez stated, "The global opportunities in Aerospace, Defense and ESAI are immense, and I see this role as highly beneficial in enabling AXISCADES to strengthen its presence internationally. By leveraging our talent and innovation capabilities, we are well placed to deliver transformative solutions and create significant value for our global customers and stakeholders."

Compliance with Regulatory Requirements

AXISCADES has confirmed that the vacancy in the Board composition resulting from these changes will be filled within three months, in compliance with Regulation 17 (1E) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As AXISCADES Technologies Limited implements its non-linear product-led growth strategy, these leadership changes are expected to play a crucial role in the company's global expansion efforts and its journey towards becoming a billion-dollar revenue company by 2030.