Stability, revenue enhancement top target for tech firm Axiscades in FY20

Axiscades is owned majorly by Jupiter Capital, an investment company run by Rajeev Chandrasekhar, and entrepreneur and Member of Parliament

Axiscades Engineering Technologies, a product engineering services company, is targeting an improvement in both revenue and margin performance this financial year. A leadership transition and acquisition had hit the company on these parameters in the last financial year.

According to David Bradley, who took over as chairman of Axiscades in June, business stability and synergy from its recent acquisition of Mistral Solutions will complement growth. The Bengaluru-based company is hopeful of clocking revenue growth of 15-18 per cent. 

“Last (financial) year was a challenge for Axiscades, given it has seen quite a lot of managerial change. So, we are now trying to