After the transaction, APL becomes 100 per cent owner in the business, Gande said. A senior official from Jupiter Capital said IIL, which was started as a joint venture between APL and Jupiter, is a profitable company clocking a turnover of Rs 350 crore at present and the exit happened at over three times the invested amount.
The company sees a robust growth in 3-5 years, which ensures far higher growth than that of the industry, says Sudhakar Gande, VC of Axiscades Engineering Technologies.
AXISCADES Engineering Technologies , a niche engineering precision technology player, has signed memorandum of understanding (MoU) with ASSYSTEM, one of the top engineering services companies in the world.
Shares of AXISCADES Engineering Technologies climbed 10.8 percent intraday on Thursday on signing MoU at Aero India for collaboration to deliver enhanced values to Airbus Group.