About AGNIT Semiconductors
AGNIT Semiconductors is a Chemicals & Materials company based in Bengaluru (India) founded in 2019 by Hareesh Chandrasekar, Mayank Shrivastava, Shankar Kumar Selvaraja, Srinivasan Raghavan, Muralidharan Rangarajan, and Digbijoy Neelim Nath. Manufacturer of gallium nitride (GaN) semiconductors for radio-frequency applications. It operates in the Chemicals & Materials and Technology sectors. AGNIT Semiconductors has raised $7.47 million across 3 funding rounds from investors including 3one4 Capital, Zephyr Peacock and Lakshmi Narayanan. AGNIT Semiconductors was last valued at $13.09 million in September 2024. Its chief executive, as recorded, is Hareesh Chandrasekar. Its Indian entity Agnit Semiconductors Private Limited reported revenue of ₹1.62 Cr. AGNIT Semiconductors offers products and services including Gallium Nitride Wafers and GaN RF Devices. Its focus areas include Semiconductors, Photonics, Photonic Integrated Circuits and Material Platforms.
Company details
AGNIT Semiconductors was established in 2019 in Bengaluru, India, as a manufacturer of gallium nitride (GaN) semiconductors targeted at radio-frequency uses. Operations involve the design and production of GaN materials, manufacturing processes, and electronic components, primarily for the defense and telecommunication industries. Research-driven technology is applied to create devices that support electronic subsystems and systems. Reliable, cost-effective solutions are offered to designers and manufacturers in these sectors.
- Headquarters Bengaluru, India
- Founders Hareesh Chandrasekar, Mayank Shrivastava, Shankar Kumar Selvaraja, Srinivasan Raghavan, Muralidharan Rangarajan, Digbijoy Neelim Nath
- Stage Minicorn
- SectorsChemicals & MaterialsTechnology
- Email••••••••
- Website agnitsemi.com
- Social LinkedIn
- Legal Name Agnit Semiconductors Private Limited
- Date of Incorporation 30 Jul, 2019
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1.62 Cr
FY 2025 · +244% YoY
- Net Loss-₹1.13 Cr
FY 2025 · -70% margin
- EBITDA-₹38 Lakh
FY 2025 · -23% margin
- Total Equity Funding$7.47M (USD)
in 3 rounds
- Latest Funding Round$2.6M (USD), Seed
Mar 2026
- Investors3one4 Capital
& 3 more
Associated legal entities of AGNIT Semiconductors
AGNIT Semiconductors operates through Agnit Semiconductors Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Agnit Semiconductors Private Limited CIN U31909KA2019PTC126674 | Active | 30 Jul 2019 | Bangalore, Karnataka | ₹1.6 Cr | 18 | 3 | View details |
Products & Services of AGNIT Semiconductors
AGNIT Semiconductors offers a comprehensive portfolio of products and services, including Gallium Nitride Wafers and GaN RF Devices.
Materials for manufacturing GaN electronic components in RF applications.
Devices for defense and telecom wireless systems performance.
Funding Insights of AGNIT Semiconductors
AGNIT Semiconductors has successfully raised a total of $7.47M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2.6 million completed in March 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $7.47M
- Total Rounds 3
- Last Round Seed — $2.6M
- First Round $1.37M
(Feb 2021)
- Investors Count 4
All 3 funding rounds of AGNIT Semiconductors 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 |
|---|---|---|---|---|---|
| Mar 2026 | $2.6M | Seed | – | Shastra VC | |
| Sep 2024 | $3.5M | Seed | $13.09M | 3one4 Capital, Zephyr Peacock | |
| Feb 2021 | $1.37M | Angel Round | $6.49M | Lakshmi Narayanan | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2024 | $13.09M | •••••••• |
| Feb 2021 | $6.49M | •••••••• |
Last known valuation $13.09M (Sep 2024). 4 investors in total: 3 institutional and 1 angel.
Investors in AGNIT Semiconductors
AGNIT Semiconductors has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include 3one4 Capital, Zephyr Peacock and Lakshmi Narayanan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology sectors like SaaS and Fintech in India. | 2016 | 3one4capital.com | Bengaluru, India | |
Diversified asset management and private equity firm focused on small and medium sized enterprises | zephyrpeacock.com | Bengaluru, India | ||
| shastra.vc | ||||
LN Lakshmi Narayanan | Angel investor, ex-CEO of Cognizant, focused on tech and innovation | unknown_66b1f400a1644bb0a |
Investor details for AGNIT Semiconductors
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Agnit Semiconductors Private Limited (AGNIT Semiconductors)
Agnit Semiconductors Private Limited is the primary company behind AGNIT Semiconductors. The board of Agnit Semiconductors Private Limited currently have 3 directors; the longest-serving is Srinivasan Raghavan, appointed in 2019. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Srinivasan Raghavan DIN 08524595 | Director | 30 Jul 2019 | 7 yrs 2 mo | Agnit Semiconductors Private Limited |
| Hareesh Chandrasekar DIN 09000780 | Director | 17 Dec 2020 | 5 yrs 10 mo | Agnit Semiconductors Private Limited |
| Madhusudan Vijay Atre DIN 01583669 | Director | 01 Nov 2024 | 1 yr 11 mo | Agnit Semiconductors Private Limited |
People of AGNIT Semiconductors
6 people are tracked at AGNIT Semiconductors (6 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
Mayank Shrivastava | Co-Founder | Leadership |
Shankar Kumar Selvaraja | Co-Founder | Leadership |
| Co-Founder & Managing Director | Leadership | |
Muralidharan Rangarajan | Co-Founder & Director | Leadership |
Digbijoy Neelim Nath | Co-Founder & CTO | Leadership |
Complete people profiles for AGNIT Semiconductors
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Financials of AGNIT Semiconductors
Figures of Agnit Semiconductors Private Limited, the primary company behind AGNIT Semiconductors, for FY 2025. Revenue was ₹1.62 Cr (+244% year on year). Net loss was -₹1.13 Cr (-70% margin). EBITDA was -₹38 Lakh (-23% margin). Revenue has grown at a compounded annual rate of +94% over three years.
- ₹1.62 CrRevenue · FY 2025 · +244% YoY
- -₹1.13 CrNet loss · -70% margin
- -₹38 LakhEBITDA · -23% margin
- ₹4.59 CrPaid-up capital
- 18Employees (provident fund records)
- +94%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Agnit Semiconductors Private Limited are on its company page.
Detailed financial statements for AGNIT Semiconductors
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Verified entity values are shown only after access is granted.
Timeline of AGNIT Semiconductors
4 dated milestones of AGNIT Semiconductors across 7 years, from founding to its latest funding, stage changes and deals.
- Founded AGNIT Semiconductors is founded.
- Funding First funding round of $1.4M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $2.6M.
Web traffic of AGNIT Semiconductors
The website of AGNIT Semiconductors (agnitsemi.com) receives about 6.5K visits a month.
- Monthly visits6.5K
▲ 142.7% vs previous month
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Frequently Asked Questions about AGNIT Semiconductors
AGNIT Semiconductors was founded in 2019 and raised its 1st funding round 2 years after it was founded.
AGNIT Semiconductors is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Hareesh Chandrasekar is the CEO of AGNIT Semiconductors, as recorded in our data. They have also founded this company.
AGNIT Semiconductors is a funded company, having raised a total of $7.47M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $1.37M, raised on Feb 2021.
The primary company behind AGNIT Semiconductors, Agnit Semiconductors Private Limited, reported revenue of ₹1.62 Cr for FY 2025, up 244% year on year.
AGNIT Semiconductors was established in 2019 in Bengaluru, India, as a manufacturer of gallium nitride (GaN) semiconductors targeted at radio-frequency uses. Operations involve the design and production of GaN materials, manufacturing processes, and electronic components, primarily for the defense and telecommunication industries. Research-driven technology is applied to create devices that support electronic subsystems and systems. Reliable, cost-effective solutions are offered to designers and manufacturers in these sectors.
AGNIT Semiconductors offers Gallium Nitride Wafers and GaN RF Devices.
AGNIT Semiconductors has 4 investors. Key investors include 3one4 Capital, Zephyr Peacock, Lakshmi Narayanan, and Shastra VC.
The valuation of AGNIT Semiconductors is $13.09M as of Sep 2024.
AGNIT Semiconductors operates through Agnit Semiconductors Private Limited.
The legal entities of AGNIT Semiconductors currently have 3 directors, including Srinivasan Raghavan, Hareesh Chandrasekar, Madhusudan Vijay Atre.