AXISCADES Engineering Technologies (ACETL) has received an approval for making further investment in its wholly owned subsidiaries (WOS). The board of director at its meeting held on March 21, 2017 has approved for the same. The company has received approval to increase the equity of AXISCADES GmbH by euro 125,000 in one or more tranches and to invest Rs 15 crore in AXISCADES Aerospace & Technologies.
AXISCADES Engineering Technologies is engaged in the business of rendering engineering design services and is also into Software Development. Axis IT&T EDS unit offers such services as product design, design support and design validation. The Software Development Services comprise of providing interactive voice response applications.
