Make in India

Major Rajprasad, an officer of the Corps of Engineers and 7 Engineer Regiment, began developing the system after examining the risks faced by troops while dealing with IEDs and clearing terrorist hideouts. Government records from the earlier stages of the project identify him as Captain Rajprasad R.S. and recognise Xploder under the iDEX4Fauji initiative as an unmanned IED-disposal remotely operated vehicle. The project subsequently matured as he continued his service and development work.

The specialised vessel was commissioned at the Naval Dockyard in Mumbai on 31 August 2026, with Chief of the Naval Staff Admiral Krishna Swaminathan presiding over the ceremony. Its induction gives the Navy another large, purpose-built platform capable of supporting some of the most demanding underwater operations undertaken by a modern naval force.

At first glance, Martlet and VSHORADS appear to occupy almost the same battlefield space. Both are compact guided missiles intended to defeat threats operating at relatively short ranges and low altitudes. Their design philosophies, guidance systems and tactical employment, however, are markedly different.

AXISCADES’ Board approved the transaction on 28 August 2026, while the company issued a detailed press release on 30 August. The acquisition values Cloud Wave at an enterprise value of approximately ₹260 crore, subject to finalisation of accounts and adjustments under the definitive agreements. The initial 90% stake will be acquired for cash, with completion targeted by 30 September 2026. AXISCADES may subsequently acquire the remaining 10%, subject to the terms of the agreements.