• Latest
  • Trending
AXISCADES acquires majority stake in Cloud Wave at ₹260 crore enterprise valuation

AXISCADES acquires majority stake in Cloud Wave at ₹260 crore enterprise valuation

IT jobs under pressure: TCS, Infosys, Wipro, HCLTech and Accenture face workforce uncertainty amid AI shift

IT jobs under pressure: TCS, Infosys, Wipro, HCLTech and Accenture face workforce uncertainty amid AI shift

India’s edible oil imports rise as palm oil shipments strengthen

India’s edible oil imports rise as palm oil shipments strengthen

IDBI Bank Q2 net profit rises 4% QoQ to ₹2,205 crore

IDBI Bank Q2 net profit rises 4% QoQ to ₹2,205 crore

Tech Mahindra Q2 profit rises 32.7% YoY to ₹1,586 crore, declares ₹15 interim dividend

Tech Mahindra Q2 profit rises 32.7% YoY to ₹1,586 crore, declares ₹15 interim dividend

BHEL rallies 24% post Q2 results; Semi-high-speed rail entry strengthens long-term prospects

BHEL reports 119% rise in net profit to Rs 821 Cr in Q2 FY27

Sebi changes rules to help startup founders keep stock options after IPO

SEBI changes trading rules; Capital market stocks in focus

OPEC signals $125 billion opportunity in African oil and gas

OPEC signals $125 billion opportunity in African oil and gas

Federal Bank Q2 net profit jumps 45% to record ₹1,386 crore

Federal Bank Q2 net profit jumps 45% to record ₹1,386 crore

China extends gold-buying streak to 23 months as gold and silver rebound

China extends gold-buying streak to 23 months as gold and silver rebound

IDBI Bank posts Q3 FY26 net profit of ₹1,935 Cr; Total business grows 12% YoY

IDBI Bank shares in focus after Govt approves Fairfax deal

Jio Platforms moves closer to India’s biggest IPO

Jio Platforms upcoming IPO: Important details to know

Jindal Stainless deploys 10 electric trucks for green logistics

Jindal Stainless deploys 10 electric trucks for green logistics

  • Market
  • Commodity
  • Personal Finance
  • Data Story
  • News
  • Contact Us
Saturday, October 17, 2026
  • Login
Data Biz Times
No Result
View All Result
Data Biz Times
No Result
View All Result

AXISCADES acquires majority stake in Cloud Wave at ₹260 crore enterprise valuation

in Market
Reading Time: 2 mins read
0
AXISCADES acquires majority stake in Cloud Wave at ₹260 crore enterprise valuation
Share on FacebookShare on Twitter

DBT Bureau

Pune, 30 August 2026

AXISCADES Technologies Limited, on the 28th of August, 2026 announced that its Board of Directors has approved the acquisition of a majority stake in Cloud Wave Technologies Private Limited, a Bengaluru-based precision engineering and manufacturing company at an enterprise valuation of approximately ₹ 260 crores,subject to the finalization of accounts and adjustments as set out under the definitive agreements. The transaction marks a significant step in AXISCADES’ strategy to accelerate the scale-up of its Aerospace Manufacturing platform and add immediately operational precision-manufacturing capabilities alongside its established, product-based Aerospace, Defence and Electronics businesses.

Founded in 2014 and headquartered in Bengaluru, Cloud Wave is an AS9100D-certified manufacturer operating seven manufacturing units, providing precision machining, sheet metal fabrication, tooling, plastic injection moulding, 3D printing & surface treatment capabilities. Its customer base spans the Aerospace & Defence and Semiconductor sectors across both domestic and export markets. The company has been consistently growing over the years and is expected to generate 180cr revenue at 22% EBITDA in FY27.

The acquisition is a key inorganic step under AXISCADES’ Power 930 growth plan, which targets continued expansion into aerospace manufacturing. AXISCADES is also separately developing a new Centre for Advanced Manufacturing (CAM) — a 240,000 sq ft, world-class facility on a 20-acre campus at its Devanahalli Aerospace Park — designed to consolidate and scale manufacturing operations, backed by the right talent, to a standard capable of serving global OEMs. AXISCADES will continue to evaluate selective inorganic opportunities that deepen manufacturing capabilities, expand technology access, and strengthen proximity to global customers in the US & EU.

“This is a defining step for AXISCADES. We are leveraging two decades of our engineering and manufacturing legacy to become a significant player in the aerospace manufacturing supply chain ecosystem — addressing a real capability & capacity gap in India, collaborating with existing Tier 1 and Tier 2 suppliers, and serving our global customers. This platform will continue to expand & grow its existing customers and in parallel meet our own internal metallic manufacturing needs across Defence and Electronics, and positions us to bid for domestic programmes with ADA, HAL, DRDO and others.” said K.P. Mohanakrishnan, Deputy CEO & President – Aerospace, AXISCADES Technologies Limited.

“Joining the AXISCADES Group marks an important milestone in Cloud Wave’s growth journey. It provides us with greater scale, access to a broader customer base and the longterm capital required to accelerate our ambitions. Over the past decade, our team has built strong precision-manufacturing capabilities trusted by leading global aerospace and semiconductor customers. We are excited to take these capabilities to the next level as part of a listed, well-capitalised aerospace and defence platform.” said Satishkumar P., Founder & CEO, Cloud Wave Technologies Private Limited.

Related Posts

BHEL rallies 24% post Q2 results; Semi-high-speed rail entry strengthens long-term prospects

BHEL reports 119% rise in net profit to Rs 821 Cr in Q2 FY27

0

Athira Sethu Kochi, 17 October 2026 State-owned Bharat Heavy Electricals Limited (BHEL) witnessed an impressive jump in its profits in...

Sebi changes rules to help startup founders keep stock options after IPO

SEBI changes trading rules; Capital market stocks in focus

0

Athira Sethu Kochi, 17 October 2026 The stocks of various capital market entities including BSE, Angel One, Groww, Nuvama Wealth...

IDBI Bank posts Q3 FY26 net profit of ₹1,935 Cr; Total business grows 12% YoY

IDBI Bank shares in focus after Govt approves Fairfax deal

0

Athira Sethu Kochi, 15 October 2026 IDBI Bank stocks have fallen by more than 7% on October 15, Thursday, after...

Jio Platforms moves closer to India’s biggest IPO

Jio Platforms upcoming IPO: Important details to know

0

Athira Sethu Kochi, 15 October 2026 Jio Platforms, the flagship telecom arm of Reliance Industries Ltd, is all set to...

IT jobs under pressure: TCS, Infosys, Wipro, HCLTech and Accenture face workforce uncertainty amid AI shift
Tech

IT jobs under pressure: TCS, Infosys, Wipro, HCLTech and Accenture face workforce uncertainty amid AI shift

0

DBT Bureau Pune, 17 Oct 2026 India's major IT services companies are changing their workforce strategies as artificial intelligence (AI),...

Read moreDetails
India’s edible oil imports rise as palm oil shipments strengthen
Commodity

India’s edible oil imports rise as palm oil shipments strengthen

0

DBT Bureau Pune, 17 Oct 2026 India’s edible oil imports increased 3.27% to 151.64 lakh tonnes during November–September 2025–26, compared...

Read moreDetails
IDBI Bank Q2 net profit rises 4% QoQ to ₹2,205 crore
News

IDBI Bank Q2 net profit rises 4% QoQ to ₹2,205 crore

0

DBT Bureau Pune, 17 Oct 2026 IDBI Bank said in a press release that its net profit increased 4% quarter-on-quarter...

Read moreDetails
Tech Mahindra Q2 profit rises 32.7% YoY to ₹1,586 crore, declares ₹15 interim dividend
Business

Tech Mahindra Q2 profit rises 32.7% YoY to ₹1,586 crore, declares ₹15 interim dividend

0

DBT Bureau Pune, 17 Oct 2026 Tech Mahindra reported a 32.7% year-on-year (YoY) increase in consolidated profit after tax (PAT)...

Read moreDetails
DBT Bureau

Data Biz Times © 2024. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Market
  • News
  • Data Story
  • Business
  • Media Release
  • Tech
  • Contact Us

Data Biz Times © 2024. All Rights Reserved.