AXISCADES Technologies Limited announced that the Board of Directors, at their meeting held October 04, 2023, based on the recommendation of Nomination and Remuneration Committee, considered and approved the appointment of Mr. Abidali Neemuchwala as an Additional Director, in the category of Non- Executive, Non-Independent Director on the Board of the Company with effect from the start of the business hours on October 04, 2023. Further, the Board of Directors appointed Mr. Abidali Neemuchwala as Chairman on the Board with effect from October 04, 2023. Mr. Abidali Neemuchwala has more than three decades of long and distinguished career in the technology industry.

He was earlier the CEO and Managing Director of Wipro, which he joined in 2015 as a COO, overseeing $9 billion in revenues and 185,000 employees. Mr. Abidali Neemuchwala successfully led the company into its digital future while building a more diversified and profitable core. Abid took assertive action in divesting non-core businesses; acquiring digital capabilities resulting in Wipro's digital business growing to 40% of overall revenues at a 35% CAGR over his 5 years term.

In his quest to establish next generation paradigms he sponsored a first of its kind venture fund, $100M Wipro Ventures that returned over 4x MOIC during his tenure at Wipro and expanded to $250M. Mr. Abidali Neemuchwala began his journey with Tata Consulting Services (TCS) in 1992 after his engineering degree from IIT Bombay, a time of rapid acceleration in the nascent Indian IT services industry. Abid quickly rose through the ranks running P&Ls from 2001 onwards.

What he enjoyed most is conceptualizing and scaling new businesses and doing transformational mega deals. Post the GFC, Abid took the mantle of acquiring a platform (Citi's eServe captive) and building TCS's.