SpicaWorks

Bengaluru, India Acquired By Marvell
Offers semiconductor designing services.
Request Access
Report Incorrect Data
Page last updated

About SpicaWorks

SpicaWorks is a Technology company based in Bengaluru (India) by Varnit Jain, Karthik Anand, and Gaurav Jalan, and was acquired by Marvell in January 2024. It offers semiconductor designing services. It operates on a B2B model. The company has 83 employees. Its Indian entity Spicaworks India Private Limited reported revenue of ₹11.66 Cr. Its focus areas include Semiconductors, Design Services and Chip Design.

Company details

SpicaWorks operates with a B2B model, focusing on leveraging cutting-edge technology, semiconductors, design services, and chip design. Offers semiconductor designing services. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations. It continues to evolve, meeting industry challenges with strategic approaches.

Operational Areas
Technology → Semiconductors & ICs
Key Metrics
  • Annual Revenue
    ₹11.66 Cr

    FY 2023 · -79% YoY

  • Net Loss
    -₹2.95 Cr

    FY 2023 · -25% margin

  • EBITDA
    -₹3.63 Cr

    FY 2023 · -31% margin

  • Investors
    Marvell
  • Employee Count
    83
  • Acquired by
    Marvell

    (Jan 2024)

Investors in SpicaWorks

SpicaWorks has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Marvell.

All
Institutional
InvestorDescriptionFounded YearDomainLocation
Marvell
Semiconductor integrated circuits are manufactured, including processors and transceivers.
1995marvell.comSanta Clara, United States
Premium access

Investor details for SpicaWorks

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 Spicaworks India Private Limited (SpicaWorks)

Spicaworks India Private Limited is the primary company behind SpicaWorks. The boards of the 2 registered companies of SpicaWorks currently have 7 directors; the longest-serving is Gaurav Jalan, appointed in 2018. 20 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Gaurav Jalan
DIN 08130436
Director10 May 20188 yrs 5 moSpicaworks India Private Limited
Tan Yew Siong
DIN 09434565
Director24 Dec 20214 yrs 10 moMarvell India Private Limited
Mark J Casper
DIN 03291085
Director24 Dec 20214 yrs 10 moMarvell India Private Limited
Navin Bishnoi
DIN 09633464
Director28 Jun 20224 yrs 4 moSpicaworks India Private Limited, Marvell India Private Limited
Bharathi Kanuj
DIN 09794938
Director29 Nov 20223 yrs 11 moSpicaworks India Private Limited, Marvell India Private Limited
Ganesh Karnatakam
DIN 08728966
Director04 May 20233 yrs 6 moMarvell India Private Limited
Thirupal Gorige
DIN 07929986
IRP/RP/Liquidator20 Feb 20242 yrs 8 moSpicaworks India Private Limited

People of SpicaWorks

3 people are tracked at SpicaWorks (3 in leadership); the tracked headcount is 83.

NameRoleGroup
Varnit Jain
Co-FounderLeadership
Karthik Anand
Co-Founder, COOLeadership
Gaurav Jalan
Co-FounderLeadership
Premium access

Complete people profiles for SpicaWorks

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.

Financials of SpicaWorks

Figures of Spicaworks India Private Limited, the primary company behind SpicaWorks, for FY 2023. Revenue was ₹11.66 Cr (-79% year on year). Net loss was -₹2.95 Cr (-25% margin). EBITDA was -₹3.63 Cr (-31% margin). Revenue has grown at a compounded annual rate of -10% over three years.

  • ₹11.66 CrRevenue · FY 2023 · -79% YoY
  • -₹2.95 CrNet loss · -25% margin
  • -₹3.63 CrEBITDA · -31% margin
  • ₹1.76 CrPaid-up capital
  • 83Employees (provident fund records)
  • -10%Revenue CAGR, 3 years

Balance sheet, profit and loss, cash flow and ratios of Spicaworks India Private Limited are on its company page.

Premium access

Detailed financial statements for SpicaWorks

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.

Upgrade to premium

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.

Upgrade to Premium No viewing limits. Your plan controls exports and screening usage.
Included in your Premium account
  • ✓
    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

Frequently Asked Questions about SpicaWorks

SpicaWorks is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

SpicaWorks has 83 employees.

The primary company behind SpicaWorks, Spicaworks India Private Limited, reported revenue of ₹11.66 Cr for FY 2023, down 79% year on year.

SpicaWorks operates with a B2B model, focusing on leveraging cutting-edge technology, semiconductors, design services, and chip design. Offers semiconductor designing services. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations. It continues to evolve, meeting industry challenges with strategic approaches.

SpicaWorks has 1 investor. Key investors include Marvell.

SpicaWorks is associated with 2 legal entities: Spicaworks India Private Limited, Marvell India Private Limited.

Yes. SpicaWorks was acquired by Marvell in January 2024.

The legal entities of SpicaWorks currently have 8 directors, including Bharathi Kanuj, Gaurav Jalan, Navin Bishnoi and others.

Explore millions of companies — effortlessly

Access structured, verified intelligence on 7M+ companies across industries, sectors, and global markets. From early-stage startups to large enterprises, discover ownership, leadership, funding, financials, acquisitions, and market signals — all in one powerful platform.

Free account with essential features Instant access to company reports Enterprise solutions available