About TESSOL
TESSOL is a company based in Mumbai (India) founded in 2013 by Niranjana Neelakantan and Rajat Gupta. TESSOL has raised $3.27 million across 6 funding rounds from investors including Ankur Capital, 1Crowd and Sat Industries. The company has 29 employees. TESSOL operates in a competitive market with competitors including Stellar Value Chain, Snowman Logistics, Schedulers, Indicold and CONCOR, among others.
- Headquarter Mumbai, India
- Employees 29
- Founders Niranjana Neelakantan, Rajat Gupta
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website tessol.in
- Social LinkedIn X Facebook
- Legal Name Thermal Energy Service Solutions Private Limited
- Date of Incorporation 07 Feb, 2013
- Jurisdiction Thane, Maharashtra, India
- Annual Revenue₹17.02 Cr
FY 2025 · +122% YoY
- Net Profit₹33.7 Lakh
FY 2025 · 2% margin
- EBITDA₹1.11 Cr
FY 2025 · 6% margin
- Total Equity Funding$3.27M (USD)
in 6 rounds
- Latest Funding Round$1.24M (USD), Series B
Jun 2022
- InvestorsAnkur Capital
& 78 more
- Employee Count29
Associated legal entities of TESSOL
TESSOL operates through Thermal Energy Service Solutions 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 |
|---|---|---|---|---|---|---|---|
| Thermal Energy Service Solutions Private Limited CIN U29220MH2013PTC240243 | Active | 07 Feb 2013 | Navi Mumbai, Maharashtra | ₹17.0 Cr | 29 | 3 | View details |
Funding Insights of TESSOL
TESSOL has successfully raised a total of $3.27M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $1.24 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 $3.27M
- Total Rounds 6
- Last Round Series B — $1.24M
- First Round $547,523
(Aug 2014)
- Investors Count 79
All 6 funding rounds of TESSOL 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 | $1.24M | Series B | $12M | Credentia Trustee | |
| Jan 2022 | – | Seed | – | – | – |
| Mar 2020 | $330,891 | Series A | $1.1M | Piramal Fund Management | |
| Jan 2018 | $567,852 | Series A | $••••• | Anirudh Malpani | |
| Oct 2016 | $582,676 | Series A | $••••• | – | |
| Aug 2014 | $547,523 | Seed | $••••• | Infuse Ventures | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2022 | $12M | •••••••• |
| Mar 2020 | $1.1M | •••••••• |
| Oct 2016 | $••••• | •••••••• |
Full valuation and stage history of TESSOL
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $12M (Jun 2022). 79 investors in total: 14 institutional and 65 angel.
Investors in TESSOL
TESSOL has secured backing from 79 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Ankur Capital, 1Crowd and Sat Industries.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in early-stage technology-led and consumer businesses. | 2022 | peacefulprogress.in | Chennai, India | |
Investments are made in B2B technology startups focusing on climate tech, enterprise SaaS, and deep tech. | 2020 | melaventures.in | Bengaluru, India | |
Fund management and investment services focused on real estate and domestic strategies in India. | – | piramalfundmanagement.com | Mumbai, India | |
Private equity firm focused on multiple sectors | – | ukenterprise.tcc.mode | Bhopal, India | |
Angel investment firm funding frugal innovation in India. | – | malpaniventures.com | Mumbai, India | |
Venture capital fund focused on the sustainability and clean energy sector | – | infuseventures.in | Ahmedabad, India | |
Early-stage investments in digital, climate, and deep science technologies. | 2011 | ankurcapital.com | Mumbai, India | |
Early-stage venture capital investment firm | 2015 | 1crowd.co | Mumbai, India | |
Financial services to businesses are provided by Fundr. | – | 1fundr.com | New York, United States | |
PP/HDPE woven bags are manufactured by Sat Industries. | 1984 | satgroup.in | Mumbai, India |
Investor details for TESSOL
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 Thermal Energy Service Solutions Private Limited (TESSOL)
Thermal Energy Service Solutions Private Limited is the primary company behind TESSOL. The board of Thermal Energy Service Solutions Private Limited currently have 3 directors; the longest-serving is Rajat Gupta, appointed in 2013. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajat Gupta DIN 05333690 | Director | 07 Feb 2013 | 13 yrs 8 mo | Thermal Energy Service Solutions Private Limited |
| Anil Gudibande DIN 03071665 | Nominee Director | 11 Aug 2020 | 6 yrs 2 mo | Thermal Energy Service Solutions Private Limited |
| Puneet Jetli DIN 07941215 | Director | 15 Jun 2022 | 4 yrs 3 mo | Thermal Energy Service Solutions Private Limited |
People of TESSOL
2 people are tracked at TESSOL (2 in leadership); the tracked headcount is 29.
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for TESSOL
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 TESSOL
Figures of Thermal Energy Service Solutions Private Limited, the primary company behind TESSOL, for FY 2025. Revenue was ₹17.02 Cr (+122% year on year). Net profit was ₹33.7 Lakh (2% margin). EBITDA was ₹1.11 Cr (6% margin). Revenue has grown at a compounded annual rate of +16% over three years and +21% over five years.
- ₹17.02 CrRevenue · FY 2025 · +122% YoY
- ₹33.7 LakhNet profit · 2% margin
- ₹1.11 CrEBITDA · 6% margin
- ₹5.4 LakhPaid-up capital
- 29Employees (provident fund records)
- +16%Revenue CAGR, 3 years
- +21%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Thermal Energy Service Solutions Private Limited are on its company page.
Detailed financial statements for TESSOL
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.
Timeline of TESSOL
4 dated milestones of TESSOL across 9 years, from founding to its latest funding, stage changes and deals.
- Founded TESSOL is founded.
- Funding First funding round of $548K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $1.2M.
Competitors of TESSOL
TESSOL operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stellar Value Chain, Snowman Logistics, Schedulers, Indicold and CONCOR, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| stellarvaluechain.com | 2016 | Mumbai, India | $125M | 839 | Provider of warehousing, cold & supply chain management, and LTL transportation services | |
| snowman.in | 1993 | Delhi, India | $10.4M | 535 | Integrated temperature-controlled logistics services are provided for sensitive products. | |
| schedulers.in | 2012 | Mumbai, India | $10.29M | 15 | Temperature-controlled warehousing and logistics services are offered for perishable goods. | |
| indicold.in | 2019 | Delhi, India | $1.21M | 86 | End-to-end cold supply chain and warehouse logistics services are provided. | |
| concorindia.co.in | 1988 | Delhi, India | – | – | Inland container transport by rail and port management are provided. | |
| machphy.com | 2017 | Delhi, India | $151,668 | 18 | Provider of sustainable cold chain solutions for various industries. This company designs and manufactures temperature-controlled storage and transportation equipment, including refrigerators, freezers, and portable units. Their offerings cater to the healthcare, agriculture, and fisheries sectors, focusing on affordable and energy-efficient technologies. The company also provides cold storage solutions for post-harvest agriculture and biopharma applications. They offer customized solutions to meet specific client needs. | |
| coldstarlogistics.com | 2011 | Mumbai, India | – | 285 | Cold chain storage, warehousing, and transportation services are provided. |
Detailed competitors of TESSOL
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 TESSOL
The website of TESSOL (tessol.in) receives about 1.7K visits a month.
- Monthly visits1.7K
▼ 81.5% vs previous month
Websites whose visitors overlap most with TESSOL. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| melaventures.in | 100% | 3.3K | #4,694,260 | View details |
Latest news on Tessol
Complete news archive for TESSOL
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.
Similar companies to TESSOL
10 companies that operate in the same segment as TESSOL (Cold Chain Logistics), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Fleet leasing and supply chain solutions are provided globally. | 1933 | Miami, Florida, United States | – | USD 12.66 B | 50,700 | |
Temperature-controlled warehousing and logistics services are provided globally. | 1903 | Atlanta, Georgia, United States | – | USD 2.6 B | 13,760 | |
Commercial manufacturing and pharmaceutical development services for biopharmaceutical industry | 1974 | Durham, North Carolina, United States | USD 141 M | – | – | |
Integrated temperature-controlled logistics services are provided for sensitive products. | 1993 | Delhi, Delhi, India | USD 10.4 M | USD 64.38 M | 542 | |
Cold chain logistics solutions are booked through an online platform. | 2020 | Navi Mumbai, Maharashtra, India | USD 54.49 M | USD 5.13 M | 182 | |
Lineage is recognized as a leader in cold storage and logistics solutions. | 2012 | Novi, Michigan, United States | USD 5.03 B | USD 5.36 B | 26,000 | |
Transportation logistics services are provided across North America. | 1961 | Arkansas City, Kansas, United States | – | USD 12 B | 33,650 | |
Temperature-controlled containers for pharmaceutical transport are provided. | 2013 | Zurich, Switzerland | USD 270 M | – | – | |
Temperature-sensitive truckload carrier | 1946 | Mondovi, Wisconsin, United States | – | USD 883.65 M | 3,780 | |
Provider of cold chain and dry logistics services | 2018 | Mumbai, Maharashtra, India | USD 1.98 M | USD 953.26 K | 58 |
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
Frequently Asked Questions about TESSOL
TESSOL was founded in 2013 and raised its 1st funding round 1 year after it was founded.
TESSOL is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Rajat Gupta is the current CEO of TESSOL. They have also founded this company.
TESSOL is a funded company, having raised a total of $3.27M across 6 funding rounds to date. The company's 1st funding round was a Seed of $547.52K, raised on Aug 2014.
TESSOL has 29 employees.
The primary company behind TESSOL, Thermal Energy Service Solutions Private Limited, reported revenue of ₹17.02 Cr for FY 2025, up 122% year on year.
TESSOL was founded in 2013 in Mumbai, India, as a provider of technology solutions in the temperature-controlled logistics and storage sector. Operations focus on end-to-end services that utilize proprietary innovations and phase-change materials to maintain product integrity during transport and storage. Emphasis is placed on environmental sustainability through reduced energy consumption in cold chain applications. The company serves clients requiring reliable preservation for sensitive goods across various industries.
TESSOL's top competitors include Snowman Logistics, CONCOR and Stellar Value Chain.
TESSOL has 79 investors. Key investors include Ankur Capital, 1Crowd, Sat Industries, Malpani Ventures, and Mela Ventures.
The valuation of TESSOL is $12M as of Jun 2022.
TESSOL operates through Thermal Energy Service Solutions Private Limited.
The legal entities of TESSOL currently have 3 directors, including Puneet Jetli, Rajat Gupta, Anil Gudibande.