Axiscades Engineering Latest Investors’ Presentation

AXISCADES, India’s leading Product Engineering Solutions Company announced on 12th December 2017 that its Board of Directors has appointed Mritunjay Singh as the Executive Director and Chief Executive Officer (CEO) of the company effective 2nd January 2018, subject to approvals.

Mritunjay Singh (Munjay) until recently was Executive Director and President of Persistent Services Business. He was the COO of the company responsible for operations across products, platforms and services. He was instrumental in strengthening the company’s sales and delivery capabilities. He was driving the India government business as part of new market expansion. He turned around company’s legacy business and put it on a growth path.

Revenue from operations

– Revenue from operations in INR terms increased by 5.5% QoQ (5.3% QoQ in US$ terms) , on the back of strong growth in the Engineering Services business

Total Expenses

– Total expenses increased by 7% Q-o-Q on account of increase in employee cost considering annual appraisal cycle, additional hiring in Heavy Engineering and Euro exchange rate impact

– Project consultancy charges has increased by INR 86 Mn. mainly on account of investment in Medical business