We’re proud to share a significant milestone from FY25 — a landmark infrastructure modernization win with Axis Capital Limited, a premier name in India’s financial services industry and a wholly-owned subsidiary of Axis Bank, one of the largest private-sector banks in the country.

As part of their digital transformation journey, Axis Capital partnered with Noventiq to modernize their legacy infrastructure, enhance system performance, and enable scalability across their enterprise. This move not only optimized their current IT operations but also laid a future-ready foundation to meet the dynamic demands of capital markets and institutional banking.

Why Axis Capital Chose to Modernize

Axis Capital has been a cornerstone in India’s investment banking landscape for over 37 years — offering bespoke services in Mergers & Acquisitions (M&A), Equity Capital Markets (ECM)InvITs, REITs & Structured Finance, Private Fund Raising (PFR) 

To remain at the forefront of innovation and customer trust, Axis Capital aimed to:

• Migrate critical applications and databases from aging on-premises systems to the cloud
• Embrace modern, native cloud services for new deployments
• Build a resilient, secure, and scalable IT environment ready for rapid business shifts

Impact Delivered

Noventiq led a structured and swift transformation journey — right from assessment to execution — enabling Axis Capital to achieve tangible business outcomes:

• 30+ Servers Migrated at Speed: A seamless transition to Azure helped Axis Capital build a modernized infrastructure with zero disruption, creating agility and future-readiness.
• Financial Efficiency: Shifted from high upfront CAPEX to a predictable, scalable OPEX model, freeing up capital for innovation and growth.
• Enhanced Security: Adoption of Confidential Compute for critical workloads with improved security posture.
• Performance Uplift: Targeted application-level performance enhancements resulted in significantly faster processing and improved user experience across teams.
• Innovation-Ready: Azure’s integration potential unlocks future access to advanced AI services like Azure OpenAI, empowering Axis Capital to reimagine customer engagement and analytics. 

What’s Next: Resilience & Business Continuity

Noventiq and Axis Capital are committed to continuous improvement, working together in the next phase to maximize the benefits of the cloud environment, driving innovation and business growth.

Looking Ahead

This collaboration exemplifies how technology modernization is more than just a migration — it's a business enabler. Axis Capital now operates on a secure, scalable, cloud-native infrastructure, accelerating their ability to innovate, respond to market dynamics, and deliver better outcomes for clients.

Noventiq is proud to be a trusted transformation partner to Axis Capital Limited — and we remain committed to driving innovation, efficiency, and resilience across the financial services sector.

“Our collaboration with Noventiq and Microsoft has been pivotal in modernizing our IT infrastructure. The move to Azure has not only enhanced scalability and performance but also unlocked the agility we need to meet evolving business demands. This transformation positions us to innovate faster, operate more efficiently, and stay ahead in a rapidly changing financial landscape.”

— Krishnakumar Menon, VP – Information Technology, Axis Capital Limited