Amara Raja Group company Mangal Industries and AXISCADES, a technology solutions company, sign MOU for strategic partnership

Hyderabad, 20^th Feb 2023:

Today, Mangal Industries Limited, a part of the Amara Raja Group, entered into a strategic partnership with AXISCADES Technologies Limited, a leading technology solutions company. The MOU covering engineering, digital, and manufacturing collaboration was signed today by Mr. Harshavardhana Gourineni, Director, Mangal Industries and Mr. Arun Krishnamurthi, MD and CEO of AXISCADES.

Having evolved as a design-led manufacturing company, Mangal Industries serves a broad spectrum of industries with deep domain expertise in auto components, metal fabrication, toolworks, storage solutions, and custom fabrication. With this partnership with AXISCADES, Mangal Industries is geared up to address the digital engineering and manufacturing needs of global companies in the fields of aerospace, defense, medical and heavy engineering as well. Globally, digital engineering is fundamentally changing the nature of ER&D (Engineering Research & Development) spend, and driving its robust growth with the market size pegged at $1 Trillion.

Mr. Gourineni on the occasion said “Our three decades of capability building in precision manufacturing are complemented well by the digital technology expertise of AXISCADES. Together, our industry-centric approach and comprehensive product engineering solutions will allow us to address and support our customers across their full value chains.”

Mr. Arun Krishnamurthi, CEO & MD of AXISCADES, commented “This strategic collaboration with Mangal Industries leverages AXISCADES’ proven capabilities and takes it to an advanced level with cutting edge product design, manufacturing engineering and Industry 4.0 solutions for our combined clientele, and allows us to tap new sectors as well. With a common long-term goal, we are confident of adding value and edge that our customers seek through the combination of our expertise areas.”

AXISCADES currently has over 2,700 engineers and 17 state-of-the-art Global Engineering Centers spread over North America, Europe, India and APAC.