|
AXISCADES Technologies has appointed Abidali Neemuchwala as an additional director and chairman of its board, effective from 4 October 2023. Neemuchwala, who previously served as the CEO and managing director of Wipro, brings over three decades of technology industry experience. He played a key role in Wipro's digital transformation and diversification, with the company's digital business growing to 40% of revenues under his leadership. Neemuchwala also had a successful career at Tata Consulting Services, where he led new business initiatives and secured major deals. He is known for his bold thinking and commitment to driving business results.
Neemuchwala is currently investing and mentoring next generation technology software and services companies as co-founder of Dallas Venture Capital (~$120M US+India fund) and as chairman and CEO of Compass Digital Acquisition Corp (~$212M SPAC) and has select director/advisor positions with growth funds and companies.
AXISCADES Technologies is a leading end to end engineering and technology solutions provider, catering to aerospace, defence, heavy engineering, automotive, energy, medical & healthcare sectors, serving global OEMs.
On a consolidated basis, the company reported net profit of Rs 5.61 crore in Q1 June 2023 as against net loss of Rs 31.80 crore in Q1 June 2022. Net sales rose 16.56% YoY to Rs 213.64 crore in Q1 June 2023.
Shares of AXISCADES Technologies fell 2.97% to Rs 499 on 4 October 2023.
|