About Axiom
Axiom is a Transportation, Automotive & Logistics company based in Hyderabad (India) founded in 1997. Motor controllers for electric two- and three-wheelers are developed. It operates on a Direct-to-Consumer (D2C) and Reseller / Distribution model. The company has 253 employees. Axiom was last valued at $13.11 million in December 2021. Its Indian entity Axiom Energy Conversion Limited reported revenue of ₹58.88 Cr. Axiom offers products and services including EV Chargers and DC-DC Converters. Its focus areas include Automotive, Electric Vehicles and EV Components.
Company details
Axiom Energy Conversion Limited is established as a key player in the electric vehicle industry, specializing in the production of chargers and DC-DC converters. The company is based in Hyderabad, India, and serves over 150 OEMs with a robust service presence across 56 locations. Solutions are provided for reliable, simple, and compact powertrain systems for electric vehicles. Infrastructure of world-class standards is maintained, supported by in-house design capabilities and ISO certification.
- Headquarters Hyderabad, India
- Employees 253
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website axiomenergy.co.in
- Social LinkedIn X Facebook
- Legal Name Axiom Energy Conversion Limited
- Date of Incorporation 12 Sep, 1997
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹58.88 Cr
FY 2025 · -43% YoY
- Net Loss-₹19.89 Cr
FY 2025 · -34% margin
- EBITDA-₹13.55 Cr
FY 2025 · -23% margin
- Latest Funding Round$3.31M (USD), Unspecified
Dec 2021
- Investors
- Employee Count253
Associated legal entities of Axiom
Axiom is associated with 2 registered companies on The Company Check; the primary company is Axiom Energy Conversion Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Axiom Energy Conversion Limited CIN U40108TG1997PLC027946 | Active | 12 Sep 1997 | Hyderabad, Telangana | ₹58.9 Cr | 253 | 10 | View details |
| Axiom Ev Products Private Limited CIN U74900TG2012PTC084590 | Active | 04 Dec 2012 | Hyderabad, Telangana | ₹0.0 Cr | 60 | 2 | View details |
Products & Services of Axiom
Axiom offers a comprehensive portfolio of products and services, including EV Chargers and DC-DC Converters.
Chargers for electric vehicles are designed and manufactured.
Converters for electric vehicles are produced for powertrain solutions.
Funding Insights of Axiom
- Total Rounds 1
- Last Round Unspecified — $3.31M
- First Round $3.31M
(Dec 2021)
- Investors Count 1
All 1 funding rounds of Axiom with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2021 | $3.31M | Unspecified | $13.11M | Magenta | – |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2021 | $13.11M | •••••••• |
Last known valuation $13.11M (Dec 2021). 1 investors in total: 1 institutional.
Investors in Axiom
Axiom has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Magenta Mobility.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Electric mobility solutions are provided for logistics delivery operations. | 2018 | magentamobility.com | Navi Mumbai, India |
Investor details for Axiom
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Axiom Energy Conversion Limited (Axiom)
Axiom Energy Conversion Limited is the primary company behind Axiom. The boards of the 2 registered companies of Axiom currently have 8 directors; the longest-serving is Mohanlal Jesaji Purohit, appointed in 2012. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mohanlal Jesaji Purohit DIN 01653611 | Director | 04 Dec 2012 | 13 yrs 10 mo | Axiom Ev Products Private Limited, Axiom Energy Conversion Limited |
| Mahesh Kumar Purohit DIN 06892319 | Director | 08 Jun 2014 | 12 yrs 4 mo | Axiom Ev Products Private Limited, Axiom Energy Conversion Limited |
| Kiran Chhotubhai Patel DIN 08051053 | Nominee Director | 02 Nov 2021 | 4 yrs 11 mo | Axiom Energy Conversion Limited |
| Nishad Anand Khanolkar DIN 09640618 | Nominee Director | 25 Jun 2022 | 4 yrs 4 mo | Axiom Energy Conversion Limited |
| Krishna Jagdishbhai Patel DIN 07330068 | Director | 28 Dec 2022 | 3 yrs 10 mo | Axiom Energy Conversion Limited |
| Sreedhar Babu Kanuri DIN 05187753 | Director | 30 Mar 2024 | 2 yrs 7 mo | Axiom Energy Conversion Limited |
| Sarath Kumar Jutur DIN 05187764 | Director | 30 Mar 2024 | 2 yrs 7 mo | Axiom Energy Conversion Limited |
| Rakeshkumar Viththalbhai Patel DIN 10577863 | Director | 22 Mar 2025 | 1 yr 7 mo | Axiom Energy Conversion Limited |
People of Axiom
1 people are tracked at Axiom (1 in leadership); the tracked headcount is 253.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership |
Complete people profiles for Axiom
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Axiom
Figures of Axiom Energy Conversion Limited, the primary company behind Axiom, for FY 2025. Revenue was ₹58.88 Cr (-43% year on year). Net loss was -₹19.89 Cr (-34% margin). EBITDA was -₹13.55 Cr (-23% margin). Revenue has grown at a compounded annual rate of +7% over three years and -8% over five years.
- ₹58.88 CrRevenue · FY 2025 · -43% YoY
- -₹19.89 CrNet loss · -34% margin
- -₹13.55 CrEBITDA · -23% margin
- ₹10.09 CrPaid-up capital
- 253Employees (provident fund records)
- +7%Revenue CAGR, 3 years
- -8%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Axiom Energy Conversion Limited are on its company page.
Detailed financial statements for Axiom
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Axiom
3 dated milestones of Axiom across 24 years, from founding to its latest funding, stage changes and deals.
- Founded Axiom is founded.
- Funding First funding round of $3.3M.
- Milestone Reaches Minicorn status.
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Axiom (Electric & Green Mobility) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | |||
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 |
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Frequently Asked Questions about Axiom
Axiom was founded in 1997 and raised its 1st funding round 24 years after it was founded.
Axiom is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Axiom has 253 employees.
The primary company behind Axiom, Axiom Energy Conversion Limited, reported revenue of ₹58.88 Cr for FY 2025, down 43% year on year.
Axiom Energy Conversion Limited is established as a key player in the electric vehicle industry, specializing in the production of chargers and DC-DC converters. The company is based in Hyderabad, India, and serves over 150 OEMs with a robust service presence across 56 locations. Solutions are provided for reliable, simple, and compact powertrain systems for electric vehicles. Infrastructure of world-class standards is maintained, supported by in-house design capabilities and ISO certification.
Axiom offers EV Chargers and DC-DC Converters.
Axiom has 1 investor. Key investors include Magenta Mobility.
The valuation of Axiom is $13.11M as of Dec 2021.
Axiom is associated with 2 legal entities: Axiom Energy Conversion Limited, Axiom Ev Products Private Limited.
The legal entities of Axiom currently have 10 directors, including Mohanlal Jesaji Purohit, Mahesh Kumar Purohit, Nishad Anand Khanolkar and others.