Five-year-old Axiom, which has early-stage backing from SIDBI Venture Capital, expects to close five contracts—each valued at Rs2.5 crore—that will start with “concept design” and end with shipping manufactured products this year.
The precision-engineering division of Titan Industries, which supplies engine components for US aerospace company United Technologies Corp., has designed an analog clock that changes time zones aided by satellite-based global positioning systems for British luxury carmaker Aston Martin. A similar contract has it supplying 1,000 clocks a day to Ford Motor Co. for its Mondeo cars in Europe and the US.
“The clock has been designed to withstand extreme temperatures and shocks,” said B. G. Dwarakanath, head of the product engineering division at Titan Industries, which designs and makes products in Bangalore and Hosur in Tamil Nadu.
k.raghu@livemint.com
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