DBT Bureau
Pune, 19 Jan 2026
AXISCADES Technologies Limited , a chip to product company and a pioneer in Aerospace, Defence, Electronics, Semiconductor and Artificial Intelligence (ESAI) applications headquartered in Bangalore, announces new win in Defence division by its subsidiary Mistral Solutions.
Mistral Solutions, a leader in high-performance embedded systems and defence electronics, today announced landmark order of around ₹100 Crores from the prestigious LLTR Ashwini programme – India’s indigenous Low-Level Transportable Radar system developed by DRDO and BEL.
Strategic win driving shareholder value:
- Around ₹100 Crores contract for state-of-the-art Signal and Data Processing Units (SDPU), including associated spares – deliveries over 2 years for steady revenue visibility.
- Critical role in enhancing low-altitude surveillance against UAVs, helicopters, and fighter jets, cementing Mistral’s defence tech leadership.
- Liquid-cooled SDPU meets extreme operational demands, showcasing proprietary expertise in embedded computing for next-gen radar platforms.
- Positions Mistral to capture expanding DRDO/BEL pipeline in indigenous defence electronics.
C. Manikandan, CEO, Mistral Solutions Private Limited said “LLTR Ashwini programme win reflects Mistral’s continued commitment to supporting India’s defence indigenisation initiatives and contributing critical technologies to nextgeneration military systems”.
AXISCADES Technologies closed at ₹1,284.55 on January 16, as the defence stock remained in focus following its ₹100 crore order win under the LLTR Ashwini radar programme.
(Disclaimer: This information is for educational purposes only. Please consult your financial advisor before taking positions in stocks)
