About Borqs
Borqs is a publicly listed company based in Santa Clara (United States) founded in 2007 by Pat Chan, and was acquired by Sasken in November 2024. Borqs is recognized as a global leader in IoT solutions. It operates on a Product-as-a-Service and Direct-to-Consumer (D2C) model. Borqs has raised $32.57 million across 6 funding rounds from investors including Accel, Sasken and Qualcomm Ventures. The company has 303 employees. Borqs has completed 1 acquisition, including Holu Hou Energy. Its chief executive, as recorded, is Pat Chan. Its Indian entity Borqs Technologies India Private Limited reported revenue of ₹103 Cr. Borqs offers products and services including Smart Phones & Tablets, Wearable Devices, In-Vehicle Integration Solutions, Smart Home Solutions, and Mobile Virtual Network Operator. Its focus areas include Technology, Internet of Things, Smart Devices and Telecommunications. Its competitors include Nonda, Rand McNally and Autel.
Company details
Borqs Technologies Inc. is established as a global leader in embedded software and products for the Internet of Things (IoT). Customizable and scalable Android-based smart-connected mobile devices are developed alongside end-to-end cloud-service solutions. Sectors such as smart devices, automotive infotainment, and mobile operator services are targeted. Innovative solutions for enterprises and consumers are provided, including smartphones, wearables, in-vehicle integration, and smart home systems. A strong global presence is maintained to enable internet intelligence across various vertical segments.
- Indian entity revenue₹103 Cr
FY 2025 · +3% YoY
- Indian entity net loss-₹33.07 Cr
FY 2025 · -32% margin
- Indian entity EBITDA-₹31.21 Cr
FY 2025 · -30% margin
- Total Equity Funding$32.57M (USD)
in 6 rounds
- Latest Funding Round$16M (USD), Post-IPO
Jun 2022
- InvestorsAccel
& 4 more
- Employee Count303
- Investments & Acquisitions
- Acquired bySasken
(Nov 2024)
Associated legal entities of Borqs
Borqs operates through Borqs Technologies India 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 |
|---|---|---|---|---|---|---|---|
| Borqs Technologies India Private Limited CIN U72200KA2009PTC050460 | Active | 23 Jul 2009 | Bangalore, Karnataka | ₹103 Cr | 217 | 4 | View details |
Products & Services of Borqs
Borqs offers a comprehensive portfolio of products and services, including Smart Phones & Tablets, Wearable Devices, In-Vehicle Integration Solutions, Smart Home Solutions, and Mobile Virtual Network Operator.
Innovative devices are created for enterprise and consumers.
Wearables are designed for fitness and tracking purposes.
Connectivity solutions are provided for automobile OEM manufacturers.
Intelligent systems are developed for unifying home appliances.
Connectivity solutions are offered for mobile communication businesses.
Funding Insights of Borqs
Borqs has successfully raised a total of $32.57M across 6 strategic funding rounds. The most recent funding activity was a Post-IPO round of $16 million completed in June 2022. 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 $32.57M
- Total Rounds 6
- Last Round Post-IPO — $16M
- Investors Count 4
All 6 funding rounds of Borqs 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 |
|---|---|---|---|---|---|
| Jun 2022 | $16M | Post-IPO | – | – | |
| May 2019 | $13.87M | Post-IPO | – | – | – |
| Mar 2017 | $10M | Series E | – | Qualcomm Ventures | |
| Jun 2012 | $12.07M | Series B | – | – | – |
| Feb 2011 | $10.5M | Series A | – | – | – |
| Jan 2009 | Seed | – | Keytone Ventures | – |
5 investors in total: 5 institutional.
Investors in Borqs
Borqs has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Accel, Sasken and Qualcomm Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
TDR Capital is engaged in private equity investments for sustainable growth. | tdrcapital.com | London, United Kingdom | ||
Venture capital investing in technology sectors such as AI and automotive. | 2000 | qualcommventures.com | San Diego, United States | |
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Chinese technology companies are invested in by Keytone Ventures. | keytonevc.com | Beijing, China | ||
IT, product engineering, and digital transformation services are provided. | 1989 | sasken.com | Bengaluru, India |
Investor details for Borqs
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Borqs Technologies India Private Limited (Borqs)
Borqs Technologies India Private Limited is the primary company behind Borqs. The board of Borqs Technologies India Private Limited currently have 4 directors; the longest-serving is Hareesh Ramanna, appointed in 2009. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hareesh Ramanna DIN 02778643 | Director | 12 Oct 2009 | 17 yrs | Borqs Technologies India Private Limited |
| Pat Sek Yuen Chan DIN 02782977 | Director | 08 Mar 2010 | 16 yrs 8 mo | Borqs Technologies India Private Limited |
| Rajiv Chandrakant Mody DIN 00092037 | Director | 09 Apr 2025 | 1 yr 6 mo | Borqs Technologies India Private Limited |
| Priyaranjan DIN 11265996 | Director | 29 Aug 2025 | 1 yr 2 mo | Borqs Technologies India Private Limited |
People of Borqs
62 people are tracked at Borqs (8 in leadership, 54 in team); the tracked headcount is 303.
| Name | Role | Group |
|---|---|---|
| GM Products and Solutions and Managing Director | Leadership | |
| Founder & CEO & President | Leadership | |
Seshadri R | Vice President Of Engineering | Leadership |
Hui Zhang | Software Director | Leadership |
Canfeng Wen | Director Of Project Management | Leadership |
Simon Sun | Executive Vice President, Co-General Manager | Leadership |
Anthony K. Chan | Executive Director of Finance & US Operations | Leadership |
Raghunath Subbarao | Director - Operations | Leadership |
Syed Ahmed M. | Lead Engineer | Team |
Kushagra Gupta | Program Manager | Team |
Changhui Liu | Software Manager | Team |
Chunrong Liu | Staff Software Engineer | Team |
Deepak Kalgudi | Tech Lead | Team |
Mandeep Singh | Senior Staff Engineer | Team |
Paras Nagda | Tech Lead | Team |
Samhitha Putta | Technical Lead Engineer | Team |
Aman Kumar | Senior Software Engineer | Team |
军 张 | Principle Software Engineer | Team |
Jagadish Rajasekaran | Mobile Software Architect | Team |
Jayalakshmi K | Software Engineer | Team |
42 more people are available in the full profile.
Complete people profiles for Borqs
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Borqs
Borqs is a publicly listed company on the OTC with ticker symbol BRQSF in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date22 Aug 2017
- Listed onNASDAQ OMX: BRQS
- Listed entityBorqs Technologies, Inc.
- Exchange sectorTechnology services
- ISINVGG1466B1452
- Share price$0.12 (+48.7% on the day) · 2026-10-08
- Market capitalisation$5.4M
- Volume (last session)818
Financials of Borqs
Figures of Borqs Technologies India Private Limited, the primary company behind Borqs, for FY 2025. Revenue was ₹103 Cr (+3% year on year). Net loss was -₹33.07 Cr (-32% margin). EBITDA was -₹31.21 Cr (-30% margin). Revenue has grown at a compounded annual rate of +4% over three years and -28% over five years.
- ₹103 CrRevenue · FY 2025 · +3% YoY
- -₹33.07 CrNet loss · -32% margin
- -₹31.21 CrEBITDA · -30% margin
- ₹1 LakhPaid-up capital
- 217Employees (provident fund records)
- +4%Revenue CAGR, 3 years
- -28%Revenue CAGR, 5 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $13.6M | $5.4M | -$17.3M |
| 2024 | $27.7M | $16.7M | -$2.3M |
| 2023 | $20.6M | -$26.5M | -$10.0M |
| 2022 | $52.5M | -$34.0M | $926,000 |
| 2021 | $29.6M | -$55.9M | -$23.4M |
Balance sheet, profit and loss, cash flow and ratios of Borqs Technologies India Private Limited are on its company page.
Detailed financial statements for Borqs
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Borqs
Borqs has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Holu Hou Energy.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provides commercial and residential smart micro-grids solutions for solar and energy storage ventures | holuhou.com | Honolulu, United States | 2019 | Sep 2021 | •••• |
Complete acquisition details for Borqs
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Borqs
6 dated milestones of Borqs across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Borqs is founded.
- Funding First funding round.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Holu Hou Energy.
- Funding Latest funding round, Post-IPO, of $16.0M.
- Exit Acquired by Sasken.
Competitors of Borqs
Borqs has 3 listed competitors in our database. They include Nonda, Rand McNally and Autel.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nonda.co | 2014 | Palo Alto, United States | Developer of connected car devices and related car expense saving services | |||
| randmcnally.com | 1856 | Chicago, United States | 179 | Commercial Transportation, Travel & Mobile Resource Management | ||
| autel.com | 2004 | Farmingdale, United States | Vehicle and battery diagnostics systems are manufactured by Autel. |
Detailed competitors of Borqs
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Borqs
The website of Borqs (borqs.com) receives about 2.1K visits a month.
- Monthly visits2.1K
▲ 27.4% vs previous month
Top companies in Automotive Technology & Systems
3 companies that operate in the same segment as Borqs (Automotive Technology & Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based ERP software is provided for automotive and manufacturing sectors. | 1972 | Austin, Texas, United States | USD 229.28 M | 834 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Borqs
Complete news archive for Borqs
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Borqs
Borqs was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Borqs is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.
Pat Chan is the CEO of Borqs, as recorded in our data. They have also founded this company.
Borqs is a funded company, having raised a total of $32.57M across 6 funding rounds to date.
Borqs has 303 employees.
The primary company behind Borqs, Borqs Technologies India Private Limited, reported revenue of ₹103 Cr for FY 2025, up 3% year on year.
Borqs Technologies Inc. is established as a global leader in embedded software and products for the Internet of Things (IoT). Customizable and scalable Android-based smart-connected mobile devices are developed alongside end-to-end cloud-service solutions. Sectors such as smart devices, automotive infotainment, and mobile operator services are targeted. Innovative solutions for enterprises and consumers are provided, including smartphones, wearables, in-vehicle integration, and smart home systems. A strong global presence is maintained to enable internet intelligence across various vertical segments.
Borqs's top competitors include Nonda, Rand McNally and Autel.
Borqs offers Smart Phones & Tablets, Wearable Devices, In-Vehicle Integration Solutions, Smart Home Solutions, and Mobile Virtual Network Operator.
Yes, Borqs is publicly traded on OTC under the ticker symbol BRQSF.
Borqs has made 1 acquisition, including Holu Hou Energy.
Borqs has 5 investors. Key investors include Accel, Sasken, Qualcomm Ventures, TDR Capital, and Keytone Ventures.