About Achronix Semiconductor (India) Private Limited
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Achronix Semiconductor (India) Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Achronix Semiconductor International Corporation. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 19 December 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72100KA2007FTC044717. Its GSTIN is 29AAGCA8118E1ZP (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Ganesh E Meharwade and Robert Blake.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bridge Ps 20 2nd Floor Ascendas Park, Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹29.61 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹2.82 Cr (net margin 9.5%) and EBITDA of ₹4.85 Cr (EBITDA margin 16.4%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 15% over five years.
The company has about 33 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Achronix.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website achronix.com.
Company details
Contact details
Achronix Semiconductor (India) Private Limited's registered office is in Bangalore, Karnataka. Its website is achronix.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBridge Ps 20 2nd Floor Ascendas Park Square Mall, Whitefiled Road Itpb, Bangalore, Karnataka, India – 560066
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Achronix Semiconductor (India) Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Achronix Semiconductor (India) operates one associated brand: Achronix. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI-based field-programmable gate arrays and IPs are manufactured. | achronix.com |
Business activity
The main business activity of Achronix Semiconductor (India) is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Achronix Semiconductor (India) Private Limited, buy the company report.
Financials of Achronix Semiconductor (India) Private Limited
FY 2024 filings availableAchronix Semiconductor (India) Private Limited reported revenue of ₹29.61 Cr (down 9% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA rose 29% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹4.85 Cr | ||||
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| Net Profit (PAT) | ₹2.82 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 16.4% | ||||
| Net Profit Margin | 9.5% | ||||
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To see the full financial statements and ratios of Achronix Semiconductor (India) Private Limited, buy the company report.
Board of directors of Achronix Semiconductor (India) Private Limited
Achronix Semiconductor (India) has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganesh E Meharwade | Director | 10 Aug 2022 | 4 Years 2 Months | Current |
| Robert Blake | Director | 20 Oct 2011 | 15 Years 0 Months | Current |
| Kenton Jacob Orthner | Additional Director | 24 Jan 2025 | 1 Years 9 Months | Current |
Auditor
Achronix Semiconductor (India) Private Limited is audited by PRICE WATERHOUSE CHARTERED ACCOUNTANTS LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRICE WATERHOUSE CHARTERED ACCOUNTANTS LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Achronix Semiconductor (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
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| Others |
To see the full shareholding pattern of Achronix Semiconductor (India) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Achronix Semiconductor (India) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Achronix Semiconductor (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Achronix Semiconductor (India) Private Limited has a workforce of 33 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Achronix Semiconductor (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCA8118E1ZP | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Achronix Semiconductor (India) Private Limited, buy the company report.
Recent activity
Achronix Semiconductor (India) Private Limited has 13 board changes on record since 2010: 3 appointments and 10 cessations. The latest: Ganesh E Meharwade ceased to be Whole-Time Director on 21 May 2025.
4 earlier events are in the company report.
News
Frequently asked questions
Achronix Semiconductor (India) is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 19 December 2007 (19+ years old) and is registered under CIN U72100KA2007FTC044717.
Achronix Semiconductor (India) has 3 current directors:
- Ganesh E Meharwade - Director
- Robert Blake - Director
- Kenton Jacob Orthner - Additional Director
The latest financial statements of Achronix Semiconductor (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Achronix Semiconductor (India) is 29AAGCA8118E1ZP, registered in Karnataka.
The CIN (Corporate Identification Number) of Achronix Semiconductor (India) is U72100KA2007FTC044717. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Achronix Semiconductor (India) was incorporated on 19 December 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Ganesh E Meharwade ceased to be Whole-Time Director on 21 May 2025. Kenton Jacob Orthner was appointed as Additional Director on 24 Jan 2025. Mahesh Karanth ceased to be Additional Director on 29 Sep 2023. Achronix Semiconductor (India) has 13 board changes on record in total.
Achronix Semiconductor (India) can be reached through the website achronix.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Achronix Semiconductor (India) is at Bridge Ps 20 2nd Floor Ascendas Park Square Mall, Whitefiled Road Itpb, Bangalore, Karnataka, India – 560066.
Achronix Semiconductor (India) operates in the information technology industry, in the application development and software solutions segment.
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