Axiscades Technologies Confident Of Achieving Billion-Dollar Revenue By 2030
In FY26, Axiscades expects strong growth across core domains, including defence and aerospace, by 35%.
Axiscades Technologies Ltd. is confident about achieving its billion-dollar revenue target by 2030, backed by strong growth across core domains and strategic investments, according to Chief Operating Officer D Murali Krishnan.
Krishnan outlined the roadmap that will help the engineering and technology solutions provider achieve its ambitious Rs 9,000-crore revenue target by the end of this decade.
"This confidence stems from our strong presence in key domains and a three-decade track record of delivering mature, market-ready products. told NDTV Profit in a conversation on Friday. "Currently, only 25% of our offerings are products, with the rest being services."
"Our goal is to flip this model to an 80–20 product-to-service ratio. With this strategic shift, we are confident in achieving our billion-dollar aspiration," he said.
Axiscades expects to drive steady and non-linear growth by investing in significant infrastructure for defence manufacturing, integration testing, and ESAI capabilities. In FY25, the company reported 15.1% adjusted Ebitda margin. Looking ahead to FY26, Krishnan stated that Axiscades expects around 50% increase.
"We are coming up with this infrastructure both in Bangalore and Hyderabad. So, this infrastructure will help us flip to not only a services company, but to increase our product manufacturing and MRO," he said. "So those things would help us push towards a billion-dollar company."
In FY26, Axiscades expects strong growth across core domains, including defence and aerospace, by 35%. This robust sectoral growth is projected to drive the company's top line to approximately Rs 1,500 crore.
Regarding the modest growth in FY25, Krishnan attributed it to internal restructuring and a strategic refocus on core niche verticals.
"While we operate across many verticals, there are a few niche verticals that are strategic to the organization. Number two, post-Covid increases happened in sectors like aerospace, which have now come back after a strong dip," the COO said.
Some defence programmes are scheduled for 2026 instead of 2025, he said. "This is a known fact for us, and we are confident we will come back strongly in the years to come," he said.
