AXISCADES Technologies Limited has announced fresh project wins in its Electronics, Semiconductor, and Artificial Intelligence (ESAI) division, through its wholly owned subsidiary Mistral Solutions. The new contracts mark a strategic step forward in expanding the company’s design-to-build capabilities and strengthening its global client base.
Scope of Work
Under the contracts, Mistral Solutions will:
- Develop production line testing equipment for global contract manufacturers working with one of the world’s leading hyperscalers.
- Design development test apparatus for audio products connected to another major hyperscaler.
These projects underline AXISCADES’ growing role in providing advanced testing and development solutions to top-tier global technology companies.
Contract Value and Growth Potential
The initial value of the pilot contracts is estimated at USD 1 million, with significant potential for expansion as projects scale up. Beyond immediate revenues, the deals are expected to open pathways for long-term annuity-based contracts and deeper client engagement.
Strategic Significance
Commenting on the win, Anurag Sharma, President of ESAI division at AXISCADES, said:
“One of our main goals at ESAI is to ascend the value chain by transitioning towards design-to-build contracts, which feature annuity revenue. These pilot contracts, though modest in size, are highly significant as they involve two of the world’s largest hyperscalers.”
To support these initiatives, AXISCADES is investing in state-of-the-art infrastructure in Bangalore, including an Acoustic Lab and a 3D printed PCB prototype facility. The company is also setting up a front-end engineering team in the United States to strengthen its global delivery footprint.
Summary
AXISCADES’ subsidiary Mistral Solutions has secured USD 1 million in contracts from two global hyperscalers in its ESAI division. The projects involve advanced testing and development solutions, with strong potential for annuity revenues and long-term growth. The company is also investing in infrastructure in India and the US to support its expansion.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.