AXISCADES Technologies strengthens board with two high-profile appointments

AXISCADES Technologies Ltd., a prominent name in technology and engineering solutions, made waves on 19th September 2024 by appointing two renowned professionals—Lt Gen Codanda Poovaiah Cariappa (Retd) and Mr. Rajendra Moholkar—to its Board of Directors. This move is expected to provide the company with crucial leadership as it gears up for growth across several high-stakes industries, including aerospace, defence, and heavy engineering.

Lt Gen Cariappa, with over 40 years of experience in the Indian Army, brings invaluable expertise in leadership, strategic planning, and defence operations. His career highlights include serving as the Military Secretary to the President of India and leading the 55,000-strong elite Strike Corps, a unit pivotal to India’s national security. His transition into AXISCADES is expected to enhance the company’s focus on its aerospace and defence verticals, a sector vital to its future strategy.

Mr. Rajendra Moholkar, a corporate governance veteran, adds a wealth of legal and regulatory expertise to the AXISCADES board. His experience spans decades in senior roles with Tata Consultancy Services, ICICI Securities, and Mahindra & Mahindra. His understanding of mergers, acquisitions, and share buybacks will be instrumental as AXISCADES continues to expand its presence in the engineering sector.

Expert Opinions on the Appointments

Lt Gen Cariappa’s entry is seen as a strategic move, leveraging his leadership experience in defence to expand AXISCADES’ operations in this sector. Defence industry analysts believe this decision strengthens the company’s ability to deliver cutting-edge solutions in aerospace and homeland security.

According to market experts, the combination of Cariappa’s defence insights and Moholkar’s corporate acumen will significantly enhance AXISCADES’ corporate governance and strategic outlook. With a focus on strengthening its governance framework, the company aims to position itself at the forefront of technology-driven innovations.

Growth Driven by Leadership

Arun Krishnamurthi, CEO and Managing Director of AXISCADES, expressed confidence in the appointments. He noted that both individuals bring expertise in areas vital to the company’s long-term vision. He emphasised that Lt Gen Cariappa’s leadership would bolster AXISCADES’ operations in aerospace and defence, while Mr. Moholkar’s experience in governance would enhance the board’s ability to navigate complex regulatory landscapes.

Lt Gen Cariappa shared his excitement about joining AXISCADES, stating that his military experience would serve the company well as it seeks to strengthen its position in critical areas like defence and homeland security. Mr. Moholkar echoed similar sentiments, noting that his governance expertise would complement AXISCADES’ ambitious growth trajectory.

AXISCADES in Focus

AXISCADES is headquartered in Bengaluru, with subsidiaries in countries like the US, UK, Germany, and China. With a workforce of over 3,200 professionals, the company has built a reputation for delivering innovative and sustainable engineering solutions across multiple sectors. Its ability to reduce programme risks and time-to-market for Fortune 500 clients has made it a leader in product engineering.

The company’s portfolio spans aerospace, defence, automotive, and industrial products, with a comprehensive range of services that includes embedded software, mechanical engineering, system integration, and manufacturing support.

These strategic appointments reflect AXISCADES’ ongoing commitment to enhancing its corporate governance and operational strategy. With the combined expertise of Lt Gen Cariappa and Mr. Moholkar, the company is set to navigate complex challenges and seize new opportunities, reinforcing its leadership in key sectors like aerospace and defence.