AXISCADES Technologies Limited has secured a ₹7.99 crore order from the Indian Army for the supply of 12 Man Portable Counter Drone Systems (MPCDS), a significant milestone in the company’s defence technology portfolio. The order, awarded under emergency procurement following Operation Sindhoor, underscores the Indian Army’s growing reliance on indigenous defence solutions.
The MPCDS, developed by AXISCADES Aerospace & Technologies—a fully owned subsidiary of AXISCADES—is designed to detect drones from up to 5 km away and disrupt their signals across multiple frequency bands. Despite their advanced capabilities, the systems are lightweight and field-operable, making them ideal for frontline deployment. The order, valued at ₹7.99 crore, is expected to be completed within 12 months.
This contract marks a pivotal moment for AXISCADES, reinforcing its position as a key player in India’s defence technology sector. The company’s expertise in aerospace and defence engineering, combined with its ability to deliver cutting-edge solutions, has positioned it as a trusted partner for the Indian military. The order also aligns with India’s broader strategic goal of achieving self-reliance in defence manufacturing, a priority under the government’s ‘Atmanirbhar Bharat’ initiative.
“This win highlights the Indian Army’s trust in AXISCADES and supports the goal of building strong, self-reliant defence technology in India,” said a company spokesperson. The success of this project could pave the way for further defence contracts, particularly as the Indian military continues to modernise its capabilities in response to evolving threats.
AXISCADES Technologies Limited, headquartered in Bengaluru, specialises in advanced engineering and technology solutions, including product design, embedded software and hardware, system integration, and manufacturing support. The company serves global OEMs across aerospace, defence, automotive, and industrial sectors, with a workforce of over 3,200 engineers operating from offices in North America, Europe, and the Asia-Pacific.
Financially, AXISCADES has demonstrated robust growth, with revenue increasing by 8.93 percent from ₹224 crore in Q1 FY25 to ₹244 crore in Q1 FY26. Net profit surged by 23.53 percent over the same period, reflecting the company’s strong operational performance. Over the past five years, AXISCADES has maintained a compound annual growth rate (CAGR) of 8.91 percent in revenue and 20.11 percent in net profit, with a solid return on capital employed (ROCE) of 13.8 percent and return on equity (ROE) of 12.7 percent.
The company’s stock, which jumped 2 percent following the announcement, has since stabilised at ₹1,627.65 per equity share. With a market capitalisation of ₹6,917.13 crore, AXISCADES remains a compelling player in the defence and aerospace sectors, poised for further growth as India strengthens its defence industrial base.
This order not only bolsters AXISCADES’ financial and operational standing but also reinforces India’s commitment to developing indigenous defence technologies. As the country continues to invest in modernising its military capabilities, companies like AXISCADES will play a crucial role in shaping the future of defence innovation.