About Tessolve Semiconductor
Tessolve Semiconductor is a Technology company based in Bengaluru (India) founded in 2004 by Srinivas Chinamilli and Veerappan VV, and was acquired by Hero Electronix in April 2016. Semiconductor engineering services in chip design and testing are offered. Tessolve Semiconductor has raised $288 million across 9 funding rounds from investors including Applied Materials, Reliance Capital and TPG. The company has 3,100 employees. Tessolve Semiconductor has completed 4 acquisitions, including Dream Chip, Lynxemi and P2F SEMI. Tessolve Semiconductor was last valued at $102.95 million in April 2021. Its chief executive, as recorded, is Srinivas Chinamilli. Its website tessolve.com draws about 32 thousand monthly visits. Its Indian entity Tessolve Semiconductor Private Limited reported revenue of ₹1,538 Cr. Tessolve Semiconductor offers products and services including ASIC Design, Package Engineering, Post Silicon Support, PCB Design, and Embedded Design. Its focus areas include Semiconductors and Horizontal.
Company details
Tessolve Semiconductor was founded in 2004 in Bengaluru, India, and operates as a provider of semiconductor engineering services worldwide. Solutions in chip design, testing, and PCB engineering are delivered, alongside failure analysis and systems design. A team of specialists is employed, supported by internal infrastructure to handle these operations across the sector.
- Headquarters Bengaluru, India
- Employees 3,100
- Founders Srinivas Chinamilli, Veerappan VV
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website tessolve.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Hero Electronix (Apr 2016)
- Legal Name Tessolve Semiconductor Pvt. Ltd.
- Date of Incorporation 30 Jun, 1993
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1,538 Cr
FY 2026 · +33% YoY
- Net Loss-₹35.00 Cr
FY 2026 · -2% margin
- EBITDA₹109 Cr
FY 2026 · 7% margin
- Total Equity Funding$288M (USD)
in 9 rounds
- Latest Funding Round$75M (USD), Private Equity Round
Oct 2026
- InvestorsApplied Materials
& 12 more
- Employee Count3,100
- Investments & AcquisitionsDream Chip
& 3 more
- Acquired byHero Electronix
(Apr 2016)
Associated legal entities of Tessolve Semiconductor
Tessolve Semiconductor is associated with 3 registered companies on The Company Check; the primary company is Tessolve Semiconductor Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Tessolve Semiconductor Private Limited CIN U72300KA1993PTC034929 | Active | 30 Jun 1993 | Bangalore, Karnataka | ₹1,538 Cr | 2,485 | 14 | View details |
| Tessolve Semiconductor Manufacturing Industries Private Limited CIN U30000KA2013PTC069630 | Active | 11 Jun 2013 | Bangalore, Karnataka | ₹0.0 Cr | 2 | View details | |
| Hero Electronix Private Limited CIN U31908DL2015PTC281134 | Active | 04 Jun 2015 | New Delhi, Delhi | ₹365 Cr | 101 | 6 | View details |
Products & Services of Tessolve Semiconductor
Tessolve Semiconductor offers a comprehensive portfolio of products and services, including ASIC Design, Package Engineering, Post Silicon Support, PCB Design, and Embedded Design.
Services for custom silicon chip design and verification
Optimizes semiconductor packaging for performance
Provides testing and validation for semiconductor products
Delivers schematic and board design solutions
Offers end-to-end embedded hardware and software services
Apps and channels of Tessolve Semiconductor
its YouTube channel Tessolve has 1.7K subscribers and 30 videos.
Videos from Tessolve Semiconductor
The most watched videos on Tessolve Semiconductor's YouTube channel, Tessolve (1.7K subscribers). Click a video to play it here.
More on Tessolve.
Funding Insights of Tessolve Semiconductor
Tessolve Semiconductor has successfully raised a total of $288M across 9 strategic funding rounds. The most recent funding activity was a Private Equity Round of $75 million completed in October 2026. 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 $288M
- Total Rounds 9
- Last Round Private Equity Round — $75M
- First Round $3.43M
(Mar 2007)
- Investors Count 13
All 9 funding rounds of Tessolve Semiconductor 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 |
|---|---|---|---|---|---|
| Oct 2026 | $75M | Private Equity Round | – | – | |
| Sep 2025 | $150M | Private Equity Round | – | – | |
| Apr 2021 | $40M | Series F | $102.95M | Novo Tellus Capital Partners | – |
| Feb 2020 | $4.26M | Series E | $77.8M | Mike Bartley | |
| Dec 2012 | $952,728 | Series D | $••••• | Qualcomm Ventures | |
| Mar 2011 | $1.65M | Series C | $••••• | Reliance Venture Asset Management, Reliance Capital | |
| Mar 2010 | $2.44M | Series C | $••••• | Reliance Venture Asset Management, JAFCO Asia | |
| Nov 2007 | $10.26M | Series B | $••••• | ST Asset Management, JAFCO Asia | |
| Mar 2007 | $3.43M | Seed | $••••• | Semicon Park |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2021 | $102.95M | •••••••• |
| Feb 2020 | $77.8M | •••••••• |
| Dec 2012 | $••••• | •••••••• |
| Mar 2011 | $••••• | •••••••• |
| Mar 2010 | $••••• | •••••••• |
| Nov 2007 | $••••• | •••••••• |
| Mar 2007 | $••••• | •••••••• |
Full valuation and stage history of Tessolve Semiconductor
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 $102.95M (Apr 2021). 13 investors in total: 11 institutional and 2 angel.
Investors in Tessolve Semiconductor
Tessolve Semiconductor has secured backing from 13 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Applied Materials, Reliance Capital and TPG.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment in technology sectors focusing on semiconductors, AI, and IoT. | 2015 | heroelectronix.com | Delhi, India | |
Venture capital investing in technology sectors such as AI and automotive. | 2000 | qualcommventures.com | San Diego, United States | |
Corporate-backed venture capital firm focused on multiple sectors | 2006 | relianceventure.com | Mumbai, India | |
Investments in early-stage tech startups are made by JAFCO Asia. | jafcoasia.com | Singapore, Singapore | ||
Venture capital firm backed by Reliance Anil Dhirubhai Ambani Group | 2006 | rtvl.co.in | Mumbai, India | |
Multiple sectors are invested in by this private equity firm. | novotellus.com | Singapore, Singapore | ||
Fund of funds focused on pre-seed and seed-stage companies | 1992 | tpg.com | Fort Worth, United States | |
Materials engineering solutions are supplied for semiconductor and electronics industries. | 1967 | appliedmaterials.com | Santa Clara, United States | |
Financial services including loans, insurance, and asset management are provided. | 1986 | reliancecapital.co.in | Mumbai, India | |
Assets are managed by ST Asset Management in Singapore. | stassetmgt.com | Singapore, Singapore |
Investor details for Tessolve Semiconductor
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 Tessolve Semiconductor Private Limited (Tessolve Semiconductor)
Tessolve Semiconductor Private Limited is the primary company behind Tessolve Semiconductor. The boards of the 3 registered companies of Tessolve Semiconductor currently have 14 directors; the longest-serving is Suman Kant Munjal, appointed in 2015. 29 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Suman Kant Munjal DIN 00002803 | Director | 04 Jun 2015 | 11 yrs 5 mo | Hero Electronix Private Limited, Tessolve Semiconductor Private Limited |
| Renu Munjal DIN 00012870 | Director | 04 Jun 2015 | 11 yrs 5 mo | Hero Electronix Private Limited |
| Ujjwal Munjal DIN 01051972 | Director | 04 Jun 2015 | 11 yrs 5 mo | Hero Electronix Private Limited, Tessolve Semiconductor Private Limited |
| Nikhil Rajpal DIN 00975769 | Director | 21 Feb 2017 | 9 yrs 8 mo | Hero Electronix Private Limited, Tessolve Semiconductor Private Limited |
| Loke Wai San DIN 09134569 | Director | 09 Apr 2021 | 5 yrs 7 mo | Tessolve Semiconductor Private Limited |
| Manorama Nagarajan DIN 02517010 | Director | 16 Aug 2022 | 4 yrs 2 mo | Tessolve Semiconductor Private Limited |
| Srinivas Chinamilli DIN 06429330 | Director | 29 Sep 2023 | 3 yrs 1 mo | Tessolve Semiconductor Manufacturing Industries Private Limited, Tessolve Semiconductor Private Limited |
| Sailesh Chittipeddi DIN 08462474 | Director | 15 Jan 2025 | 1 yr 9 mo | Tessolve Semiconductor Private Limited |
| Sarangapani Vasudevan DIN 11123216 | Director | 01 Jun 2025 | 1 yr 5 mo | Tessolve Semiconductor Private Limited |
| Vikram Singh Beniwal DIN 02341468 | Director | 13 Nov 2025 | 11 mo | Tessolve Semiconductor Private Limited |
| Vivek Mohan DIN 08306394 | Director | 13 Nov 2025 | 11 mo | Tessolve Semiconductor Private Limited |
| Bhushan Sudhir Bopardikar DIN 09089555 | Director | 13 Nov 2025 | 11 mo | Tessolve Semiconductor Private Limited |
| Raghavendra Jha DIN 11740252 | Additional Director | 25 May 2026 | 5 mo | Tessolve Semiconductor Manufacturing Industries Private Limited |
| Geoffrey Duff Baldwin DIN 11965581 | Director | 09 Oct 2026 | 1 mo | Tessolve Semiconductor Private Limited |
People of Tessolve Semiconductor
37 people are tracked at Tessolve Semiconductor (23 in leadership, 14 in team); the tracked headcount is 3,100.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
Veerappan VV | Co-Founder & President | Leadership |
Sujit Sadangi | Associate Director HR | Leadership |
George Brathwaite | Director Sales | Leadership |
Kingsly Christopher | Sr Director | Leadership |
Sudhir Wokhlu | Vice President - HW Division | Leadership |
Marc Waugh | Director Of Sales And Marketing | Leadership |
Somanatha Shetty | Associate Vice President | Leadership |
Huzefa Cutlerywala | Senior Vice President - Sales & Marketing | Leadership |
Jeyaseelan Vengataraman | Vice President Of APAC Operations | Leadership |
Veerappan V | President, New Projects & Public Relations | Leadership |
Srini Chinamilli | CEO | Leadership |
Rajakumar D. | Senior Vice President, Engineering Operations | Leadership |
Santosh Kulkarni | Director - VLSI Design | Leadership |
Shuchi Shukla | Head Of HR | Leadership |
Aurelien Desombre | Program Director - Embedded Systems BU | Leadership |
Kiran Kumar N. | Vice President - Systems | Leadership |
Vijay Nanjai Anandan | Director, PCB Engineering | Leadership |
Shyam Ramaswamy | Senior Director - Sales | Leadership |
Lakshay S. | Client Partner- Tessolve | Leadership |
17 more people are available in the full profile.
Complete people profiles for Tessolve Semiconductor
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 Tessolve Semiconductor
Figures of Tessolve Semiconductor Private Limited, the primary company behind Tessolve Semiconductor, for FY 2026. Revenue was ₹1,538 Cr (+33% year on year). Net loss was -₹35.00 Cr (-2% margin). EBITDA was ₹109 Cr (7% margin). Revenue has grown at a compounded annual rate of +21% over three years and +24% over five years.
- ₹1,538 CrRevenue · FY 2026 · +33% YoY
- -₹35.00 CrNet loss · -2% margin
- ₹109 CrEBITDA · 7% margin
- ₹56.27 CrPaid-up capital
- 2,485Employees (provident fund records)
- +21%Revenue CAGR, 3 years
- +24%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Tessolve Semiconductor Private Limited are on its company page.
Detailed financial statements for Tessolve Semiconductor
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.
Investments & Acquisitions by Tessolve Semiconductor
Tessolve Semiconductor has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Dream Chip, Lynxemi and P2F SEMI.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Encoders and cameras are provided using image sensing technology. | dreamchip.de | Garbsen, Germany | 1990 | Nov 2024 | $47.54M | |
Provider of semiconductor technical solutions | p2fsemi.com | Bengaluru, India | 2018 | Oct 2022 | •••• | |
Provides hardware, software and network security testing services using proprietary tools | testandverification.com | Bristol, United Kingdom | 2008 | Mar 2020 | •••• | |
Sensor platforms and gateways for IoT applications are developed. | lynxemi.com | Singapore | 2005 | Aug 2017 | •••• |
Complete acquisition details for Tessolve Semiconductor
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Tessolve Semiconductor
9 dated milestones of Tessolve Semiconductor across 22 years, from founding to its latest funding, stage changes and deals.
- Founded Tessolve Semiconductor is founded.
- Funding First funding round of $3.4M.
- Milestone Reaches Minicorn status.
- Exit Acquired by Hero Electronix.
- Acquisition Acquires Lynxemi.
- Acquisition Acquires Test and Verification Solutions.
- Acquisition Acquires P2F SEMI.
- Acquisition Acquires Dream Chip.
- Funding Latest funding round, Private Equity Round, of $75.0M.
Web traffic of Tessolve Semiconductor
The website of Tessolve Semiconductor (tessolve.com) receives about 32K visits a month.
- Monthly visits32K
▲ 29% vs previous month
Websites whose visitors overlap most with Tessolve Semiconductor. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| sionsemi.com | 100% | 17.5K | #1,417,377 | View details | |
| oxfordcorp.com | 94% | 39.1K | #587,390 | View details | |
| maven-silicon.com | 86% | 71.8K | #371,376 | View details | |
| cyient.com | 82% | 163.7K | #215,285 | View details | |
| arigs.com | 82% | 680.7K | #2,325,938 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 16 similar websites and full traffic analytics for Tessolve Semiconductor
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 16 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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
Related news about Tessolve Semiconductor
Complete news archive for Tessolve Semiconductor
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.
Frequently Asked Questions about Tessolve Semiconductor
Tessolve Semiconductor was founded in 2004 and raised its 1st funding round 3 years after it was founded.
Tessolve Semiconductor is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Srinivas Chinamilli is the CEO of Tessolve Semiconductor, as recorded in our data. They have also founded this company.
Tessolve Semiconductor is a funded company, having raised a total of $288M across 9 funding rounds to date. The company's 1st funding round was a Seed of $3.43M, raised on Mar 2007.
Tessolve Semiconductor has 3,100 employees.
The primary company behind Tessolve Semiconductor, Tessolve Semiconductor Private Limited, reported revenue of ₹1,538 Cr for FY 2026, up 33% year on year.
Tessolve Semiconductor was founded in 2004 in Bengaluru, India, and operates as a provider of semiconductor engineering services worldwide. Solutions in chip design, testing, and PCB engineering are delivered, alongside failure analysis and systems design. A team of specialists is employed, supported by internal infrastructure to handle these operations across the sector.
Tessolve Semiconductor offers ASIC Design, Package Engineering, Post Silicon Support, PCB Design, and Embedded Design.
Tessolve Semiconductor has made 4 acquisitions, including Dream Chip, Lynxemi, and P2F SEMI.
Tessolve Semiconductor has 13 investors. Key investors include Applied Materials, Reliance Capital, TPG, Hero Electronix, and Qualcomm Ventures.
The valuation of Tessolve Semiconductor is $102.95M as of Apr 2021.
Tessolve Semiconductor is associated with 3 legal entities: Tessolve Semiconductor Private Limited, Hero Electronix Private Limited, Tessolve Semiconductor Manufacturing Industries Private Limited.