This salary is very high. Very surprised to see this kind of renumeration in such a small company.
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AXISCADES TECH announces strategic electronics, semiconductor and artificial intelligence (esai) division wins powered by its unit mistral solutions
- High growth and futuristic theme with good Govt/ Private sector demand.
- Good wrt diversification too
- They’re now scaling Mistral’s capabilities under a broader ESAI umbrella.
- Axiscades can be viewed as semiconductor + AI solutions company,
Also, more into the infra investments :
- An Acoustic Lab in Bangalore.
- A 3D printed PCB prototype facility.
- A front-end engineering team in the U.S..
Pilot Wins with Hyperscalers
- They’ve signed two pilot contracts with two of the world’s largest hyperscalers (likely Google, Amazon, or Microsoft).
- These are small in scale (~$1 million total value) but strategically very important since they bring annuity revenue potential and open the door to long-term, scalable engagements.
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Though value-wise this order is small, I think it is an important one due to the clients likely being Amazon and Apple. Similar stuff was mentioned in last call.
The product most likely is Amazon Echo (referred to as Alexa here) and Mistral might be working with Foxconn (who seems to be the contract manufacturer for Echo).
With Apple, they seem to be working with Pegatron/Wistron (who are scaling up production now in India, which fits their description). Since the line of work is Testing equipment for production line - there’s a pretty large scope here for more work since this will scale with production lines. Also testing equipment in general makes up 2/3rd of the production for Apple (something i noticed in “Apple in China” book) - which is what excites me since cracking this relationship and way of working (with Apple/Amazon and their contract manufacturers) opens the gates for more such work.
Disc: Invested. No recent transactions
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This MRFA tender has a long history from 2007 (MMRCA then). There were rumours that this would be a G2G deal over the last few months and looks like it has now come to fruition. It could be a positive for Axiscades if there is offset business to be had from this deal - like the 36 Rafale-M deal. If they manage, the quantum could be higher as well as this is for 114 planes and deal size itself is near 2 lakh Crore compared to Rafale-m’s 63k Cr size.
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This should be good for Axiscades.
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