Founded in 2014 and headquartered in Bengaluru, Cloud Wave is an AS9100D-certified manufacturer operating seven manufacturing units, providing precision machining, sheet metal fabrication, tooling, plastic injection moulding, 3D printing & surface treatment capabilities. Its customer base spans the Aerospace & Defence and Semiconductor sectors across both domestic and export markets. The company has been consistently growing over the years and is expected to generate 180cr revenue at 22% EBITDA in FY27.
The acquisition is a key inorganic step under AXISCADES’ Power 930 growth plan, which targets continued expansion into aerospace manufacturing. AXISCADES is also separately developing a new Centre for Advanced Manufacturing (CAM) — a 240,000 sq ft, world-class facility on a 20-acre campus at its Devanahalli Aerospace Park — designed to consolidate and scale manufacturing operations, backed by the right talent, to a standard capable of serving global OEMs. AXISCADES will continue to evaluate selective inorganic opportunities that deepen manufacturing capabilities, expand technology access, and strengthen proximity to global customers in the US & EU.
K.P. Mohanakrishnan, Deputy CEO & President – Aerospace, AXISCADES Technologies Limited said, “This is a defining step for AXISCADES. We are leveraging two decades of our engineering and manufacturing legacy to become a significant player in the aerospace manufacturing supply chain ecosystem — addressing a real capability & capacity gap in India, collaborating with existing Tier 1 and Tier 2 suppliers, and serving our global customers. This platform will continue to expand & grow its existing customers and in parallel meet our own internal metallic manufacturing needs across Defence and Electronics, and positions us to bid for
domestic programmes with ADA, HAL, DRDO and others.”
