AXISCADES’ Mistral Secures $1M ESAI Division Contracts

AXISCADES Technologies Limited announced significant new project wins in its Electronics, Semiconductor and Artificial Intelligence (ESAI) division. The contracts were secured by its wholly owned subsidiary, Mistral Solutions.

Scope of Work

The engagement covers the development of production line testing equipment for global contract manufacturers supporting one of two hyperscaler clients. In addition, Mistral Solutions will design development test apparatus for audio products linked to the other hyperscaler.

Contract Value

The initial estimated value of this pilot program is pegged at around USD 1 million, with potential for further expansion depending on project scalability and client requirements.

Anurag Sharma President of ESAI division of 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. We are pleased to share that we have secured a couple of small pilot contracts aligned with this strategic direction.”

He further added, “Although modest in scale, these contracts are significant, they represent engagements with two of the world’s largest hyperscalers and offer annuity revenue as well as exponential growth potential. To support these initiatives, we have committed to developing world-class infrastructure in Bangalore, including an Acoustic Lab and a 3D printed PCB prototype facility. Additionally, we are establishing a front-end engineering team in the United States.”

AXISCADES Technologies Share Price Performance

On September 4, 2025, AXISCADES share price (NSE: AXISCADES) opened at ₹1,437.20, touching the day’s high at ₹1,437.20, as of 10:49 AM on the NSE.

Also Read: AXISCADES Subsidiary Wins Key Su-30MKI Modernisation Order!

Conclusion

These wins reinforce AXISCADES’ expertise in advanced electronics and AI-driven solutions, underscoring its position as a key technology partner for global hyperscalers. The company continues to strengthen its ESAI portfolio through innovation and global collaborations.

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