DBT Bureau
Pune, 14 June 2026
AXISCADES Technologies Limited and Akkodis announced a strategic transaction for the divestment of AXISCADES’ Aerospace Engineering Services business to Akkodis.
The transaction is structured in two tranches. Akkodis will acquire a 51% interest in the Aerospace Engineering Services business on closing of the first tranche, with the remaining 49% will be acquired in the next 24 to 30 months. Consideration is pro-rated to ownership transferred at each stage.
This announcement concludes AXISCADES’ strategic Engineering Services Divestment Programme. This transaction represents the most transformative set of strategic transactions in the Company’s history and provides the full capital base required to fund the publicly committed Power 930 plan organically and inorganically.
The Engineering Services Divestment Programme completes AXISCADES’ transformation from a services-led organisation into a proprietary products and IP-focused manufacturing platform for aerospace, defence, space, electronics, semiconductors and AI verticals. Post this transaction, AXISCADES is structured around four strategic growth pillars:
- Aerospace Manufacturing, SCM and MRO — at the Company’s DAC, MAC and DAL facilities, supplying global Tier-1 OEMs across commercial, regional and dual-use aerospace programmes – the primary backbone of the transformed Company. Also, end-to-end supply chain orchestration and lifecycle support for commercial and dual-use aerospace fleets, leveraging the India cost-and-quality base and the global customer relationships built over the past sixteen years.
- AXISCADES Aerospace & Technologies Private Limited, (ACAT) — the Defence arm — Defence Manufacturing, Strategic Electronics and System Integration. ACAT (a wholly owned subsidiary of AXISCADES) carries AXISCADES’ defence platform, encompassing mission-critical electronics, system integration for indigenous defence programmes, and aligned manufacturing capability for the Atmanirbhar Bharat priorities of the Government of India.
- XiDA Inc — AI-centric ESAI — a US-driven Electronics and Semiconductor platform under the AXISCADES group, focused on AI-native engineering, semiconductor design enablement, and the next generation of electronic systems. Current Mistral ESAI division and ACTL AI team will be integrated into XiDA. XiDA Inc is structured to serve as the integration vehicle for the international ESAI acquisition pipeline.
- Space Division (newly established) — focused on satellite bus manufacturing and related system integration, positioned to address the rapidly expanding Indian and global commercial space opportunity. Funded directly from the transaction proceeds and scheduled for stand-up across FY27.
The capital released in this transaction is being deployed in support of AXISCADES’ Power 930 plan — the Company’s publicly committed five-year vision of approximately Rs 9,000 crore revenue and approximately Rs 960 crore PAT by FY2030. The combined capital base is sufficient to fund the Power 930 plan organically and inorganically across the following deployment areas:
- Capacity expansion, certification and tooling investments at the DAC, MAC and DAL aerospace manufacturing facilities.
- Establishment of the new Space division — satellite bus manufacturing infrastructure and system integration capability build-out across FY27.
- A pipeline of strategic acquisitions in the Aerospace and ESAI segments, lined up for FY27 and FY28 deployment, mirrored into XiDA Inc and the India platform.
- Investments in Defence Manufacturing and Integration capabilities through ACAT, aligned to Atmanirbhar Bharat priorities.
- Strengthening of the Company’s balance sheet and strategic optionality through the FY27 transition year.
Sampath Ravi Narayanan, Founder, Chairman and Managing Director of AXISCADES Technologies Limited, said:
“Subject to receipt of applicable regulatory approvals, we would be proud to have Akkodis as our strategic joint venture partner over the next two years. Their global customer footprint would help the joint venture to reference and acquire new customers faster; the joint venture, in turn, will help Akkodis deepen their India footprint and aerospace engineering service enhancement. This would be a joint venture designed to create value on both sides, and a transformation designed to compound relationships rather than reset them.”
“The sixteen years of management experience, executive-level customer relationships, aerospace industry reputation, brand recognition and global standing that we built alongside this business will be channelized by AXISCADES towards Manufacturing. They help us move decisively up the aerospace value chain — much as an architectural firm transition from design into construction — and they give us a jumpstart, into aerospace manufacturing. This transition aligns directly with the Government of India’s Atmanirbhar Bharat priorities and with our own ambition for a global India aerospace footprint, and we expect it to catapult our growth trajectory through the coming years.”
“Establishing AXISCADES as a focused Aerospace Manufacturing platform will simultaneously accelerate our defence platform under ACAT, our AI-centric ESAI platform under XiDA Inc, and the new Space division, we are establishing for satellite bus manufacturing and related system integration. The structural insight here is that the manufacturing technologies that underpin aerospace are largely dual-use and tri-use across defence and space, which means we are building one foundation that scales across three of the most strategically important industries of this decade. The proceeds from this divestment will fund the Power 930 plan organically and inorganically, including capacity build-out at our DAC, MAC and DAL facilities, the FY27 and FY28 acquisitions pipeline in Aerospace and ESAI, and the new Space division.”
Subject to regulatory and competition approvals, the joint venture between Akkodis and AXISCADES will operate as the strategic partner for the Aerospace Engineering Services business during the 24–30 month period between Tranche 1 and Tranche 2 closings, with AXISCADES retaining a 49% economic interest.
Through the joint venture, AXISCADES will gain access to Akkodis’ global customer network, explore opportunities combining Akkodis’ engineering expertise with its manufacturing capabilities, and benefit from transitional support arrangements to ensure seamless customer and employee continuity during integration.
The two-tranche structure is designed to maximize value creation during the transition period rather than facilitate a one-time transfer.
