- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
AXISCADES has completed its strategic divestment program with the signing of Phase 2 for Aerospace Engineering Services, transforming into a manufacturing, defence, space, electronics, semiconductors, and AI platform. The combined divestment program is valued at approximately ₹ 2,256 Cr (~$237 million), fully funding the ambitious 'Power 930' plan. This plan targets ₹ 9,000 Cr revenue and ₹ 960 Cr Profit After Tax by FY2030.
The company will now focus on four strategic growth platforms: Aerospace Manufacturing, Defence Solutions, XiDA Inc (AI-centric ESAI), and a new Space Division, all built on a shared manufacturing foundation. Management highlights this move as a capital and capability reallocation, positioning AXISCADES for higher-margin manufacturing and products. The FY27 revenue outlook remains solid, with accelerated defence pipeline conversion and planned acquisitions offsetting reclassified revenue from divested operations.