About Excelmax
Excelmax is a Technology company based in Bengaluru (India) founded in 2019, and was acquired by Accenture in July 2024. Semiconductor design services are provided by Excelmax in Bengaluru. The company has 50 employees. Its Indian entity Excelmax Technologies Private Limited reported revenue of ₹20.57 Cr. Excelmax offers products and services including ASIC Design, Analog Design & Layout, ASIC Verification, Embedded Systems, and Physical Design, STA & DFT. Its focus areas include Semiconductors and Horizontal.
Company details
Excelmax was established in 2019 in Bengaluru, India, as a provider in the semiconductor sector. Design services for integrated circuits and related technologies are offered to support electronics manufacturing. Operations are centered on engineering expertise, including chip architecture and verification processes. The company maintains its headquarters in India, serving regional and international clients in the technology industry without expanding to physical branches abroad.
- Headquarters Bengaluru, India
- Employees 50
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website excelmaxtech.com
- Social LinkedIn X Facebook
- Acquired by Accenture (Jul 2024)
- Legal Name Excelmax Technologies Private Limited
- Date of Incorporation 03 Jul, 2019
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of Excelmax
Excelmax operates through Excelmax Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Excelmax Technologies Private Limited CIN U72900KA2019PTC125840 | Active | 03 Jul 2019 | Bangalore, Karnataka | ₹20.6 Cr | 335 | 3 | View details |
Products & Services of Excelmax
Excelmax offers a comprehensive portfolio of products and services, including ASIC Design, Analog Design & Layout, ASIC Verification, Embedded Systems, and Physical Design, STA & DFT.
Front-end RTL design and SoC integration for industry verticals.
Expertise in IPs like SerDes and power management solutions.
Ensures design accuracy for multi-million gate IPs and SoCs.
Firmware design for embedded systems and applications.
Place and route with timing closure using standard tools.
Platforms for qualifying firmware and performance measurements.
Investors in Excelmax
Excelmax has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Accenture.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
IT and management consultancy services are provided globally. | 1989 | accenture.com | Dublin, Ireland |
Investor details for Excelmax
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Board of directors of Excelmax Technologies Private Limited (Excelmax)
Excelmax Technologies Private Limited is the primary company behind Excelmax. The board of Excelmax Technologies Private Limited currently have 3 directors; the longest-serving is Bhanu Bangalore Raghavan, appointed in 2026. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhanu Bangalore Raghavan DIN 11279036 | Director | 30 Apr 2026 | 6 mo | Excelmax Technologies Private Limited |
| Pradeep Roy DIN 11334125 | Director | 30 Apr 2026 | 6 mo | Excelmax Technologies Private Limited |
| Shahnaz Rasul Ahmed DIN 11632533 | Director | 30 Apr 2026 | 6 mo | Excelmax Technologies Private Limited |
People of Excelmax
13 people are tracked at Excelmax (1 in leadership, 12 in team); the tracked headcount is 50.
| Name | Role | Group |
|---|---|---|
Naishad Parikh | Director Of Engineering | Leadership |
Renuka Hanasi | Senior Talent Acquisition Specialist | Team |
Archana Ch | Senior Design Verification Engineer | Team |
Mayuri Patel | Business Associate | Team |
Satyam Malik | Layout Design Engineer | Team |
Akshatha Poojary | Talent Acquisition Lead | Team |
Ponnaiya V | Design Verification Engineer | Team |
Mahesh A | Design Verification Engineer 2 | Team |
Ekta Hankare | Senior Software Engineer | Team |
Shweta Awaji | Senior Layout Engineer | Team |
Dinesh Kumar Reddy Goukanapalli | Physical Design Engineer | Team |
Swathi Jalla | Senior Physical Design Engineer | Team |
Madhusudhan Rao | Sr. Manager | Team |
Complete people profiles for Excelmax
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Financials of Excelmax
Figures of Excelmax Technologies Private Limited, the primary company behind Excelmax, for FY 2026. Revenue was ₹20.57 Cr (-79% year on year). Net loss was -₹1.47 Cr (-7% margin). EBITDA was -₹1.26 Cr (-6% margin). Revenue has grown at a compounded annual rate of -25% over three years and +25% over five years.
- ₹20.57 CrRevenue · FY 2026 · -79% YoY
- -₹1.47 CrNet loss · -7% margin
- -₹1.26 CrEBITDA · -6% margin
- ₹9 LakhPaid-up capital
- 335Employees (provident fund records)
- -25%Revenue CAGR, 3 years
- +25%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Excelmax Technologies Private Limited are on its company page.
Detailed financial statements for Excelmax
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Timeline of Excelmax
2 dated milestones of Excelmax across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Excelmax is founded.
- Exit Acquired by Accenture.
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Related news about Excelmax
Complete news archive for Excelmax
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Frequently Asked Questions about Excelmax
Excelmax was founded in 2019.
Excelmax is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Excelmax has 50 employees.
The primary company behind Excelmax, Excelmax Technologies Private Limited, reported revenue of ₹20.57 Cr for FY 2026, down 79% year on year.
Excelmax was established in 2019 in Bengaluru, India, as a provider in the semiconductor sector. Design services for integrated circuits and related technologies are offered to support electronics manufacturing. Operations are centered on engineering expertise, including chip architecture and verification processes. The company maintains its headquarters in India, serving regional and international clients in the technology industry without expanding to physical branches abroad.
Excelmax offers ASIC Design, Analog Design & Layout, ASIC Verification, Embedded Systems, and 2 more products and services.
Excelmax has 1 investor. Key investors include Accenture.
Excelmax operates through Excelmax Technologies Private Limited.
Yes. Excelmax was acquired by Accenture in July 2024.
The legal entities of Excelmax currently have 3 directors, including Bhanu Bangalore Raghavan, Pradeep Roy, Shahnaz Rasul Ahmed.