CG Power Unit Axiro Semiconductor Invests in Thinsic for Silicon Carbide Semiconductors

Market snapshot: CG Power and Industrial Solutions Limited announced that its wholly owned subsidiary, Axiro Semiconductor, has invested in Thinsic to expand its footprint in next-generation silicon carbide power semiconductors. The strategic move builds on Axiro's continued integration of semiconductor and embedded design capabilities across industrial, mobility, and energy verticals.

Data Snapshot

• Axiro Semiconductor completed 100% equity acquisition of Tosil Systems for ₹16.44 crore in August 2026.
• CG Power generated consolidated sales of ₹3,281 crore and PAT of ₹308 crore in Q1 FY27.
• CG Power consolidated order book expanded 45% YoY to ₹17,333 crore in Q1 FY27.

What's Changed

• Q1 FY27 sales reached ₹3,281 crore, reflecting 14% YoY growth compared to ₹2,878 crore in Q1 FY26.
• Q1 FY27 PAT rose 16% YoY to ₹308 crore compared to ₹267 crore in Q1 FY26.

Key Takeaways

• CG Power's arm Axiro Semiconductor has taken a stake in Thinsic to focus on silicon carbide power semiconductor technologies.
• Silicon carbide technologies enable lower power loss and higher temperature performance, essential for electric mobility and renewable energy conversion.
• The investment complements Axiro's earlier acquisition of Tosil Systems for ₹16.44 crore and its venture backing in fabless edge-AI startup EdgeCortix.

SAHI Perspective

Axiro Semiconductor's entry into Thinsic illustrates CG Power's strategic roadmap to transition from traditional power heavy engineering to high-value semiconductor and power conversion architectures. Silicon carbide components represent a critical technological bottleneck in modern power grids and electric vehicles. By securing design partnerships and technology access, CG Power positions itself to capture margin expansion as domestic manufacturing scales.

Market Implications

The investment underscores growing capital deployment by capital goods conglomerates into semiconductor design and advanced power electronics. Market participants will monitor operational synergies between Axiro's embedded software design team and Thinsic's silicon carbide technology stack.

Trading Signals

Market Bias: Bullish

CG Power's strategic investment via Axiro enhances long-term technology capabilities, supported by a healthy ₹17,333 crore order book and robust Q1 FY27 earnings profitability.

Overweight: Semiconductors, Power Electronics, Capital Goods

Trigger Factors:

• Further operational integration disclosures regarding Thinsic
• Ramp-up of domestic silicon carbide component manufacturing capabilities
• Quarterly order inflows across CG Power's industrial and power segments

Time Horizon: Medium-term (3-12 months)

Industry Context

Silicon carbide power devices offer significant benefits over traditional silicon, including superior efficiency, higher voltage tolerance, and lower thermal dissipation. Demand is driven by electric vehicles, solar inverters, and high-voltage grid infrastructure.

Key Risks to Watch

• R&D risk and longer gestation cycles typical in commercializing advanced semiconductor platforms.
• Execution risks associated with integrating disparate design units into a unified commercial strategy.

Recent Developments

In August 2026, Axiro Semiconductor completed the 100% acquisition of Tosil Systems for ₹16.44 crore. In July 2026, CG Power reported Q1 FY27 consolidated sales of ₹3,281 crore and an order book of ₹17,333 crore.

Closing Insight

Axiro Semiconductor's investment in Thinsic reinforces CG Power's transition toward integrated high-efficiency power electronics, cementing its position in the emerging domestic semiconductor landscape.

High Performance Trading with SAHI.