AXISCADES Technologies is driving growth through strategic acquisitions and innovations in automotive electronics, energy, and semiconductor design. CEO & MD, Arun Krishnamurthi highlights key moves, including acquiring Germany’s add-solutions GmbH and Mistral Solutions, partnering with EPCOGEN, and embracing Industry 5.0 principles, to enhance their market presence and technological edge.
Read the full interview here:
TimesTech: How is AXISCADES developing its capabilities in margin-accretive segments like wiring harness, software testing, ADAS, and software-defined vehicles?
Mr Arun: We are taking steps in this direction through both organic growth and strategic acquisitions. A key move was acquiring Germany-based add-solutions GmbH, which has strengthened our presence in Europe and America by leveraging the company’s partnerships with major global automotive OEMs and Tier 1 suppliers. The company brings to the table an extensive expertise in automotive design and development, particularly in electrical distribution system engineering, software testing, and automation—all factors critical for advancing in ADAS and software-defined vehicles. Integrating add solutions’ knowledge and clientele with AXISCADES has boosted our market penetration and competitive edge. Additionally, Mistral Solutions’ acquisition has added niche competencies in automotive electronics and ADAS, which creates a great synergy to address the industry requirements comprehensively. We are also investing in new technology trends beyond our traditional mechanical engineering focus to meet the rising demands in the automotive sector, especially in EV and SDV domains. Our efforts aim to maintain strong relationships with marquee clients, ensuring consistent, high-quality service. These strategic moves are expected to drive significant revenue and margin growth, aligning with our vision of becoming a leading global engineering solutions provider.
TimesTech: How is the strategic alliance with EPCOGEN strengthening AXISCADES’ presence in the global energy sector?
Mr Arun: Our strategic alliance with EPCOGEN is significantly enhancing our presence in the Middle East and North America. This acquisition enhances our capabilities in oil and gas, refineries, petrochemicals, and renewable power. EPCOGEN’s expertise in climate-conscious emission control, including tail gas treatment plants for refineries and long-duration energy storage solutions, aligns perfectly with our growth objectives.
We anticipate substantial growth in the Middle East, expecting to secure large contracts in carbon capture, sulfur capture, and large gas storage plants. This region, currently contributing 3% to our revenue, is forecasted to be a key market, with opportunities in oil and gas likely to persist for the next 5-7 years before transitioning towards green energy. Moreover, we are venturing into hydrogen projects and other green energy initiatives, positioning us well to capitalize on current trends in the oil and gas industry.
Through EPCOGEN, we are also activating new revenue streams and accessing marquee clients in the energy markets. Our strategic partnership extends beyond market penetration, enabling cross-selling opportunities and significant diversification benefits. As North America is a leading market for energy engineering services, this alliance also strengthens our presence there, where the sector is experiencing robust growth.
TimesTech: How is AXISCADES Technologies embracing Industry 5.0 to merge digitalization with traditional manufacturing processes?
Mr Arun: Industry 5.0 emphasizes worker wellbeing and sustainable resource utilization. It involves humans working in harmony with robots to refine and improve manufacturing processes, augmented by AI, smart systems, big data analysis, IoT, and automation. We have proactively adopted these principles, integrating a human-centric approach, resilience, and sustainability into our operations. This transition represents a shift of approach and priorities from purely economic value to social value and from welfare to overall well being. Our focus is on leveraging the dynamic collaboration between humans and machines to transform the manufacturing industry. By doing so, we are fostering an environment that prioritizes human contributions and sustainable practices. We recently implemented a COBOT related project for one of our Aerospace clients, and believe that the future of manufacturing lies in this synergy between human creativity and technological advancement, driving both innovation and sustainability.
TimesTech: How is AXISCADES revolutionizing the semiconductor segment in terms of design, manufacturing, and testing processes?
Mr Arun: The semiconductor industry serves as the backbone of modern technology, driving advancements in computing, telecommunications, automotive, and more. Semiconductor companies, alongside allied engineering support firms, play a crucial role in this ecosystem by providing essential services in design, fabrication, manufacturing, and testing & validation.
Leveraging on our 25-plus years of experience and expertise in embedded electronics and semiconductor support services, AXISCADES collaborates closely with global semiconductor companies like Texas Instruments, Qualcomm, NXP and more. We offer comprehensive Semiconductor Support Services, spanning from pre-silicon to post-silicon stages, including design implementation, validation, software development and platform development. These services facilitate silicon vendors in delivering high-performance SOCs and Platforms, enabling faster time-to-market for end customers. Our expertise in Silicon Validation is unmatched. We collaborate with leading chip manufacturers to validate various attributes of SOCs, ensuring functionality, performance, and reliability.
In addition, we also bridge the gap between chip manufacturers and product developers, providing cost-effective platforms and solutions for a wide array of embedded product designs enabling accelerated product development. For the past two decades, we have been designing and offering hardware platforms such as Evaluation Modules, Software Development platforms, Reference Designs, and System on Modules (SOMs).
TimesTech: What role does AXISCADES play in shaping India’s chip manufacturing ecosystem, and what are its future projections for this industry?
Mr Arun: AXISCADES looks forward to partnering with SoC companies in India to collaborate on designing Evaluation Modules, Silicon validation platforms, Development platforms, and more. This will certainly aid the chip manufacturing fabs in India to bring out the products faster to the market.
We also plan to explore the possibilities of collaborating with Indian government agencies, research institutions, and academia to facilitate technology transfer and knowledge sharing. Localizing the semiconductor supply chain by sourcing components from Indian manufacturers wherever feasible would also be one of our focuses. This reduces dependency on imports and strengthens the domestic supply chain ecosystem.
By actively contributing to these areas, we look forward to establishing a strong presence in the chip manufacturing ecosystem in India, driving economic growth, innovation, and technological advancement in the country.
Looking ahead, several key trajectories will shape India’s semiconductor industry. Efforts to establish semiconductor fabrication facilities supported by government initiatives and private sector involvement will be pivotal, with the example of the Dholera fabrication facility being prominent in this regard.
India’s focus on promoting research and innovation will also be crucial. Collaborations between academia, research institutions, and industry leaders are expected to accelerate the development of indigenous chip design and fabrication capabilities, leading to specialized semiconductor solutions tailored to meet both domestic and global market needs.
TimesTech: In the realm of autonomous vehicles, how is AXISCADES ensuring safety and addressing ethical concerns while advancing technology?
Mr Arun: Over the past couple of decades, the automotive industry has experienced a significant transformation, offering advanced safety systems, driver monitoring systems, ADAS, electric vehicles, and autonomous/self-driving vehicles.
With over 25 years of experience, AXISCADES specializes in designing cutting-edge automotive electronics solutions. Our services include ADAS, in-vehicle infotainment, telematics, body & lighting electronics, power electronics, and battery management. We collaborate with major automotive OEMs and Tier-1 suppliers to develop futuristic solutions that enhance user experience and safety.
With a focus on innovation and reliability, AXISCADES is poised to be a key contributor in the EV and autonomous vehicles arena, aiding the transformation towards Software Defined Vehicles. To address the safety concerns while using advancing technologies, on Autonomous vehicle related opportunities, we prioritize implementing rigorous safety standards throughout the design, development, and testing phases, including adherence to the relevant safety protocols such as ISO 26262 for functional safety and compliance with regulatory requirements. Extensive testing and validation of autonomous vehicle electronics components and systems are essential to identify and mitigate potential safety risks, involving simulations of real-world scenarios, reliability tests, and continuous improvement of system resilience to failures.
