About Cerium Systems
Cerium Systems is a Technology company based in Bengaluru (India) founded in 2013 by Sudhakar Palisetti and Jayakumar Gorla, and was acquired by Tech Mahindra in April 2020. Cerium Systems has raised $1.55 million across 5 funding rounds from investors including Tech Mahindra and Polisetty Trust. The company has 1,421 employees. Cerium Systems was last valued at $16.11 million in May 2018. Its chief executive, as recorded, is Sudhakar Palisetti. Its Indian entity Tech Mahindra Cerium Private Limited reported revenue of ₹305 Cr. Its focus areas include Business Services, IT Services, Application Development and Software Development.
Company details
Global design services company for the VLSI and embedded software sectors. It offers a range of services, include VLSI Design, Embedded Software Development, System Design and IP Development, Analog and Mixed-Signal Design, and Integrated Circuit Layout.
- Headquarters Bengaluru, India
- Employees 1,421
- Founders Sudhakar Palisetti, Jayakumar Gorla
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website cerium-systems.com
- Social LinkedIn X Facebook
- Acquired by Tech Mahindra (Apr 2020)
- Legal Name Tech Mahindra Cerium Private Limited
- Date of Incorporation 05 Sep, 2013
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹305 Cr
FY 2024 · -28% YoY
- Net Profit₹46.20 Cr
FY 2024 · 15% margin
- EBITDA₹77.10 Cr
FY 2024 · 25% margin
- Total Equity Funding$1.55M (USD)
in 5 rounds
- Latest Funding Round$89.93K (USD), Angel Round
May 2018
- InvestorsTech Mahindra
& 1 more
- Employee Count1,421
- Acquired byTech Mahindra
(Apr 2020)
Associated legal entities of Cerium Systems
Cerium Systems operates through Tech Mahindra Cerium Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Tech Mahindra Cerium Private Limited CIN U72200MH2013PTC419393 | Amalgamated | 05 Sep 2013 | Mumbai, Maharashtra | ₹305 Cr | 1,421 | 5 | View details |
Funding Insights of Cerium Systems
Cerium Systems has successfully raised a total of $1.55M across 5 strategic funding rounds. The most recent funding activity was a Angel Round of $89.93 thousand completed in May 2018. 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 $1.55M
- Total Rounds 5
- Last Round Angel Round — $89,934
- First Round $505,785
(Jun 2014)
- Investors Count 1
All 5 funding rounds of Cerium Systems 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 |
|---|---|---|---|---|---|
| May 2018 | $89,934 | Angel Round | $16.11M | – | – |
| May 2017 | $440,857 | Seed | $15.8M | Polisetty Trust | – |
| Jul 2016 | $103,554 | Angel Round | $••••• | – | – |
| Mar 2015 | $406,082 | Angel Round | $••••• | – | – |
| Jun 2014 | $505,785 | Angel Round | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| May 2018 | $16.11M | •••••••• |
| May 2017 | $15.8M | •••••••• |
| Jul 2016 | $••••• | •••••••• |
| Mar 2015 | $••••• | •••••••• |
| Jun 2014 | $••••• | •••••••• |
Full valuation and stage history of Cerium Systems
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $16.11M (May 2018). 2 investors in total: 2 institutional.
Investors in Cerium Systems
Cerium Systems has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Tech Mahindra and Polisetty Trust.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of data analytics, cloud management, and business process outsourcing services | 1986 | techmahindra.com | Pune, India | |
| polisettytrust.tcc.mode |
Investor details for Cerium Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Tech Mahindra Cerium Private Limited (Cerium Systems)
Tech Mahindra Cerium Private Limited is the primary company behind Cerium Systems. The board of Tech Mahindra Cerium Private Limited currently have 5 directors; the longest-serving is Jayaraman Ganapathy, appointed in 2021. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jayaraman Ganapathy DIN 01461157 | Director | 02 Jun 2021 | 5 yrs 4 mo | Tech Mahindra Cerium Private Limited |
| Bangre Prabhakararao Sachin Kumar DIN 03608807 | Director | 02 Jun 2021 | 5 yrs 4 mo | Tech Mahindra Cerium Private Limited |
| Narasimham Venkata Rachakonda DIN 00339167 | Director | 13 Dec 2021 | 4 yrs 10 mo | Tech Mahindra Cerium Private Limited |
| Heena Nikhil Shah DIN 10099961 | Director | 29 Mar 2024 | 2 yrs 6 mo | Tech Mahindra Cerium Private Limited |
| Venkateswara Rao Gajjala DIN 08733877 | Director | 15 May 2024 | 2 yrs 5 mo | Tech Mahindra Cerium Private Limited |
People of Cerium Systems
3 people are tracked at Cerium Systems (3 in leadership); the tracked headcount is 1,421.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
Jayakumar Gorla | Co-Founder & COO | Leadership |
Suresh Kumar Varupula | VP, General Management | Leadership |
Complete people profiles for Cerium Systems
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Cerium Systems
Figures of Tech Mahindra Cerium Private Limited, the primary company behind Cerium Systems, for FY 2024. Revenue was ₹305 Cr (-28% year on year). Net profit was ₹46.20 Cr (15% margin). EBITDA was ₹77.10 Cr (25% margin).
- ₹305 CrRevenue · FY 2024 · -28% YoY
- ₹46.20 CrNet profit · 15% margin
- ₹77.10 CrEBITDA · 25% margin
- ₹3.17 CrPaid-up capital
- 1,421Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Tech Mahindra Cerium Private Limited are on its company page.
Detailed financial statements for Cerium Systems
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Cerium Systems
5 dated milestones of Cerium Systems across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Cerium Systems is founded.
- Funding First funding round of $506K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $90K.
- Exit Acquired by Tech Mahindra.
Web traffic of Cerium Systems
Websites that share an audience with Cerium Systems (cerium-systems.com).
Websites whose visitors overlap most with Cerium Systems. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
recruiters.naukri.com | recruiters.naukri.com | 100% | – | ||
| freshersworld.com | 80% | 153.5K | #244,601 | View details | |
| glassdoor.com | 80% | 30.5M | #1,976 | View details | |
cerium-animation.com | cerium-animation.com | 32% | – |
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Related news about Cerium Systems
Complete news archive for Cerium Systems
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Frequently Asked Questions about Cerium Systems
Cerium Systems was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Cerium Systems is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sudhakar Palisetti is the CEO of Cerium Systems, as recorded in our data. They have also founded this company.
Cerium Systems is a funded company, having raised a total of $1.55M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $505.79K, raised on Jun 2014.
Cerium Systems has 1,421 employees.
The primary company behind Cerium Systems, Tech Mahindra Cerium Private Limited, reported revenue of ₹305 Cr for FY 2024, down 28% year on year.
Global design services company for the VLSI and embedded software sectors. It offers a range of services, include VLSI Design, Embedded Software Development, System Design and IP Development, Analog and Mixed-Signal Design, and Integrated Circuit Layout.
Cerium Systems has 2 investors. Key investors include Tech Mahindra, and Polisetty Trust.
The valuation of Cerium Systems is $16.11M as of May 2018.
Cerium Systems operates through Tech Mahindra Cerium Private Limited.
Yes. Cerium Systems was acquired by Tech Mahindra in April 2020.
The legal entities of Cerium Systems currently have 5 directors, including Venkateswara Rao Gajjala, Heena Nikhil Shah, Jayaraman Ganapathy and others.