Latest news with #AXISCADES
Business Standard
7 hours ago
- Business
- Business Standard
AXISCADES Tech rallies on strategic alliance with Europe's Indra
AXISCADES Technologies surged 5% to Rs 1282.70 after the company announced a strategic alliance with Indra, a European defense and aerospace major, to jointly manufacture and develop cutting-edge systems in India. Indra is one of Spain's leading multinational companies and a global force in defense, aerospace, and air traffic systems. In FY24, the company reported revenues of 4.843 billion euros and operates in more than 140 countries. The announcement was made at the Paris Air Show in Le Bourget, where Indra CEO JosVicente de los Mozos and AXISCADES chairman Dr. Sampath Ravinarayanan signed a Memorandum of Understanding (MoU). The signing took place in the presence of Indra c chairman gel Escribano and AXISCADES CEO & MD Alfonso Martez. Under this partnership, Indra will source a range of defense-related products and services from Axiscades. These will be delivered through Axiscades integrated design, development, production, and supply chain infrastructure based in India. The alliance is aimed at producing key Indra systems locally, including antennas for Tactical Air Navigation Systems (TACAN), Distance Measuring Equipment (DME) for aircraft, and advanced countermeasure systems to protect aircraft from guided missile threats such as MANPADS. Both companies are also exploring joint product development tailored for Indian and global markets. This could involve adapting existing Indra products or designing entirely new solutions to meet emerging defense needs. In addition to hardware production, the partnership is evaluating deeper collaboration opportunities in MPA (Maritime Patrol Aircraft) airborne solutions and potential participation in India's DRDO CABS programs like MRMR (Medium Range Maritime Reconnaissance) and MMMA (Multi Mission Maritime Aircraft). The collaboration strengthens Indras presence in India, where it already plays a significant role in civil air traffic modernization and defense technology projects. For Axiscades, the deal cements its position as a key partner for global OEMs and Tier-1 defense suppliers. AXISCADES is a Bengaluru-based technology company with over 25 years of experience in aerospace, defense, and industrial automation. It offers end-to-end engineering solutions, from design to manufacturing and certification.
Business Standard
10 hours ago
- Business
- Business Standard
INDRA and AXISCADES Technologies sign agreement
To boost cutting-edge systems in IndiaIndra, a European-based global leader in defense, aerospace, and strategic systems, and AXISCADES a prominent technology solutions provider in defense, aerospace and strategic electronics, are proud to announce a strategic alliance. Indra is keen to acquire defense-related products and services from AXISCADES, which will be delivered through AXISCADES comprehensive design, development, production, and supply chain center. Both companies are actively exploring joint product development for the Indian and global markets, potentially adapting existing Indra products or creating new ones specifically tailored to meet customer by Capital Market - Live News
Business Upturn
10 hours ago
- Business
- Business Upturn
Axiscades shares hit 5% upper circuit after company signs MoU with Indra
By Aman Shukla Published on June 17, 2025, 09:15 IST Shares of Axiscades Technologies hit a 5% upper circuit following the announcement of a strategic partnership with Indra, a leading Spanish defense and technology company. The two firms have signed a Memorandum of Understanding (MoU) to jointly manufacture key aerospace and defense solutions in India. The agreement was signed during the Aerospace Show in Le Bourget by José Vicente de los Mozos, CEO of Indra, and Dr. Sampath Ravinarayanan, Chairman of AXISCADES, in the presence of senior leadership from both companies. As part of the collaboration, AXISCADES will support the local production of Indra's tactical systems including antennas for Tactical Air Navigation Systems (TACAN), Distance Measuring Equipment (DME), and countermeasure systems aimed at protecting aircraft from guided missile threats like MANPADS. This partnership aligns with India's 'Make in India' initiative and is expected to bolster AXISCADES' technological capabilities in aerospace and defense manufacturing. Indra, which already has a strong footprint in India through defense and civil aviation projects, aims to deepen its supply chain integration with local firms. The companies are also evaluating further collaborations on MPA Airborne Solutions and potential partnerships for DRDO's CABS MRMR and MMMA programs. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
24-04-2025
- Automotive
- Business Standard
AXISCADES appoints Anurag Sharma as CEO of add-solution GmbH
AXISCADES Technologies announced the appointment of Anurag Sharma as CEO of add-solution GmbH, a Germany-based subsidiary of AXISCADES specializing in Wiring harness design & testing for aerospace, automotive and industrial sectors. add solution GmbH also leads the Specialized Drone development and Thermal management offering of AXISCADES group in Europe. Anurag Sharma, alumnus of IIT Roorkee joins as CEO of add-solution, bringing more than three decades of multifaceted experience across Product Development, Sales & Business Development, P&L Management, and the successful execution of large-scale engineering programs. He began his career with L&T, contributing to a prestigious national project for the Indian Defense. Anurag's leadership journey spans global organizations such as Siemens Technology, Segula Technologies, Altran India, Ansys India and Altair Engineering. Notably setting up the India presence of Segula Technologies as Managing Director, he secured business mandates in localization and industrialization programs and led their seamless execution. His deep domain expertise across Electronics, Semiconductor and Digitalization sectors have enabled collaborations with global OEMs and Tier 1 players. He has also worked extensively on Digital manufacturing and Smart infrastructure initiatives in the Metals and Oil & Gas sectors across the Middle East.
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.
