About Polymatech
Polymatech is a Technology company based in Kanchipuram (India) founded in 2007 by Eswara Rao Nandam, and was acquired by Nandam Family in August 2018. Polymatech has raised $37.38 million across 3 funding rounds from investors including Walkaroo, EMS Limited and Capital Trade Link. The company has 21 employees. Polymatech has completed 1 acquisition, including Nisene Technology Group. Polymatech was last valued at $288.6 million in August 2023. Its chief executive, as recorded, is Eswara Rao Nandam. Its Indian entity Polymatech Electronics Limited. reported revenue of ₹723 Cr. Polymatech offers products and services including Opto-Semiconductor Solutions and Customized Applications. Its focus areas include Semiconductors and Horizontal.
Company details
Provider of design, development, and manufacturer of semiconductor chips. It offers a range of products includes microcontrollers, Opto-Semiconductor chips, 5G and 6G semiconductor components, and memory modules. It also catering their products to applications such as horticulture night vision lights, photodynamic therapy, print curing surgery lights, vein finders, and water sanitisation.
- Headquarters Kanchipuram, India
- Employees 21
- Founders Eswara Rao Nandam
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website polymatech.in
- Social LinkedIn
- Acquired by Nandam Family (Aug 2018)
- Legal Name Polymatech Electronics Limited
- Date of Incorporation 29 May, 2007
- Jurisdiction Oragadam, Tamil Nadu, India
- Annual Revenue₹723 Cr
FY 2025
- Net Profit₹376 Cr
FY 2025 · 20% margin
- EBITDA₹487 Cr
FY 2025 · 25% margin
- Total Equity Funding$37.38M (USD)
in 3 rounds
- Latest Funding Round$24.53M (USD), Series C
Aug 2023
- InvestorsWalkaroo
& 30 more
- Employee Count21
- Investments & Acquisitions
- Acquired byNandam Family
(Aug 2018)
Associated legal entities of Polymatech
Polymatech is associated with 2 registered companies on The Company Check; the primary company is Polymatech Electronics Limited.. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Polymatech Electronics Limited. CIN U32107TN2007PLC063706 | Active | 29 May 2007 | Oragadam, Tamil Nadu | ₹723 Cr | 21 | 7 | View details |
| Polymatech Interstellar Private Limited CIN U30305TN2020PTC137099 | Active | 13 Aug 2020 | Chennai, Tamil Nadu | ₹0.0 Cr | 2 | View details |
Products & Services of Polymatech
Polymatech offers a comprehensive portfolio of products and services, including Opto-Semiconductor Solutions and Customized Applications.
Delivers innovative solutions for data connectivity and business efficiency.
Develops versatile apps for mobiles and tablets with lower power use.
Funding Insights of Polymatech
Polymatech has successfully raised a total of $37.38M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $24.53 million completed in August 2023. 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 $37.38M
- Total Rounds 3
- Last Round Series C — $24.53M
- First Round $6.01M
(Jan 2023)
- Investors Count 30
All 3 funding rounds of Polymatech 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 |
|---|---|---|---|---|---|
| Aug 2023 | $24.53M | Series C | $288.6M | Turning Leaf Asset Management, SKG | |
| Mar 2023 | $6.84M | Series B | $222.59M | Ayan Corporate Advisors, Corporatemakers | |
| Jan 2023 | $6.01M | Series A | $••••• | pesopie.com, Mahabir Trade Ventures | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2023 | $288.6M | •••••••• |
| Mar 2023 | $222.59M | •••••••• |
| Jan 2023 | $••••• | •••••••• |
Full valuation and stage history of Polymatech
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 $288.6M (Aug 2023). 31 investors in total: 31 institutional.
Investors in Polymatech
Polymatech has secured backing from 31 investors, including institutional and venture fund investors. Prominent investors backing the company include Walkaroo, EMS Limited and Capital Trade Link.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed-stage venture capital investments are targeted by Singhvi Heritage. | Chennai, India | |||
Investment funding and strategic guidance are provided by Auxano. | auxano.in | Gurugram, India | ||
Provides investment management services as an asset management company. | 2018 | tl-assets.com | Singapore, Singapore | |
Diversified assets are managed across sectors by SKG in India. | skgah.com | Delhi, India | ||
Offers asset management through PMS for growth-focused investments in public markets. | 2017 | ituscapital.com | Chennai, India | |
Provider of software development, ERP management, and IT consulting services | akmsystems.com | Karachi, Pakistan | ||
Platform for investing in unlisted shares and private companies in India. | 2020 | unlistedassets.com | Gurugram, India |
Investor details for Polymatech
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Board of directors of Polymatech Electronics Limited. (Polymatech)
Polymatech Electronics Limited. is the primary company behind Polymatech. The boards of the 2 registered companies of Polymatech currently have 6 directors; the longest-serving is Eswara Rao Nandam, appointed in 2020. 21 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Eswara Rao Nandam DIN 02220039 | Director | 13 Aug 2020 | 6 yrs 2 mo | Polymatech Interstellar Private Limited, Polymatech Electronics Limited. |
| Uma Nandam DIN 02220048 | Director | 13 Aug 2020 | 6 yrs 2 mo | Polymatech Interstellar Private Limited, Polymatech Electronics Limited. |
| Rapala Virtanen Tarja Hannele DIN 09528399 | Director | 16 Feb 2023 | 3 yrs 8 mo | Polymatech Electronics Limited. |
| Vishaal Nandam DIN 07318680 | Director | 16 Sep 2023 | 3 yrs 1 mo | Polymatech Electronics Limited. |
| Krishnaswamy Mohanasundaram DIN 11248657 | Director | 06 Sep 2025 | 1 yr 2 mo | Polymatech Electronics Limited. |
| Muthusamy Palanisamy DIN 11762140 | Additional Director | 08 Sep 2026 | 2 mo | Polymatech Electronics Limited. |
People of Polymatech
1 people are tracked at Polymatech (1 in leadership); the tracked headcount is 21.
| Name | Role | Group |
|---|---|---|
| Founder & CEO & Managing Director | Leadership |
Complete people profiles for Polymatech
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Financials of Polymatech
Figures of Polymatech Electronics Limited., the primary company behind Polymatech, for FY 2025. Revenue was ₹723 Cr. Net profit was ₹376 Cr (20% margin). EBITDA was ₹487 Cr (25% margin).
- ₹723 CrRevenue · FY 2025
- ₹376 CrNet profit · 20% margin
- ₹487 CrEBITDA · 25% margin
- ₹86.49 CrPaid-up capital
- 21Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Polymatech Electronics Limited. are on its company page.
Detailed financial statements for Polymatech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Polymatech
Polymatech has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Nisene Technology Group.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Automated decapsulation technology is provided for semiconductor manufacturing. | nisene.com | Watsonville, United States | 1979 | Aug 2024 | •••• |
Complete acquisition details for Polymatech
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Timeline of Polymatech
6 dated milestones of Polymatech across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Polymatech is founded.
- Exit Acquired by Nandam Family.
- Funding First funding round of $6.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $24.5M.
- Acquisition Acquires Nisene Technology Group.
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Related news about Polymatech
Complete news archive for Polymatech
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Frequently Asked Questions about Polymatech
Polymatech was founded in 2007 and raised its 1st funding round 16 years after it was founded.
Polymatech is headquartered in Kanchipuram, India. It is registered at Kanchipuram, Tamil Nadu, India.
Eswara Rao Nandam is the CEO of Polymatech, as recorded in our data. They have also founded this company.
Polymatech is a funded company, having raised a total of $37.38M across 3 funding rounds to date. The company's 1st funding round was a Series A of $6.01M, raised on Jan 2023.
Polymatech has 21 employees.
The primary company behind Polymatech, Polymatech Electronics Limited., reported revenue of ₹723 Cr for FY 2025.
Provider of design, development, and manufacturer of semiconductor chips. It offers a range of products includes microcontrollers, Opto-Semiconductor chips, 5G and 6G semiconductor components, and memory modules. It also catering their products to applications such as horticulture night vision lights, photodynamic therapy, print curing surgery lights, vein finders, and water sanitisation.
Polymatech offers Opto-Semiconductor Solutions and Customized Applications.
Polymatech has made 1 acquisition, including Nisene Technology Group.
Polymatech has 31 investors. Key investors include Walkaroo, EMS Limited, Capital Trade Link, Pesopie, and Mi Lifestyle.
The valuation of Polymatech is $288.6M as of Aug 2023.
Polymatech is associated with 2 legal entities: Polymatech Electronics Limited., Polymatech Interstellar Private Limited.