AXISCADES Technologies Limited, an engineering and technology solutions provider, has announced a strategic investment in a new infrastructure project near Bengaluru, as part of its broader plan to shift toward a product-centric business model. The company is developing the ‘Devanahalli Atmanirbhar Complex’ (DAC) on a 20.7-acre site with a planned built-up area of 1.8 million square feet over multiple floors.
This facility is designed to support manufacturing, testing, and repair of strategic electronic systems, radars, unmanned systems, and aircraft components. Phase I of the DAC is currently in the planning approval stage and is scheduled for commissioning in the second half of FY26.
In addition to the Devanahalli project, AXISCADES is also planning to establish a dedicated missile integration facility in Hyderabad. These investments are expected to be executed over the next three years as part of the company’s long-term vision to increase its manufacturing capabilities.
The company has articulated a strategic goal to achieve revenue of INR 90 billion by FY30, under its “Power 930” initiative. A central element of this strategy involves transitioning from its current revenue mix—80 percent from services and 20 percent from products—to a 20:80 split by FY28. The aim is to boost EBITDA margins to 24 percent over the next three years through infrastructure investments and leadership development.
The leadership team has been reorganized to execute this transformation. COO D Muralikrishnan is leading the Power 930 initiative, while Deputy CEO and Aerospace President KP Mohanakrishnan is focused on expanding the aerospace business through engineering services, manufacturing solutions, and global partnerships. Sharadhi Chandra Babu, President – Defence, is working on product-driven growth in defence technologies, including radar systems, missile launchers, and unmanned systems. Anurag Sharma, President – ESAI, is leading the shift toward electronics and semiconductor product development with the goal of creating commercially viable, disruptive offerings.
The company reported revenues of INR 10.31 billion for FY25, with adjusted EBITDA at INR 1.56 billion. Core verticals—Aerospace, Defence, and ESAI—accounted for 73 percent of total revenue and contributed positively to EBITDA. In contrast, non-core segments such as automotive and heavy engineering saw continued losses. AXISCADES plans to recalibrate these non-core businesses for profitability or identify synergies with its core areas.
AXISCADES Technologies Limited is an engineering and technology solutions provider with expertise in aerospace, defence, electronics, and embedded systems. The company is pursuing a transformation toward higher-margin, product-led growth through targeted infrastructure development and strategic leadership alignment.