India's Richest People 2026 edition · 1 director · Source: Hurun India
- #205 Suman Kant Munjal ₹17,900 Cr
Revenue · FY 2026
₹1,538.27 Cr
▲ 33% YoY
Net loss · FY 2026
₹35 Cr
Net margin -2.3%
EBITDA · FY 2026
₹108.59 Cr
EBITDA margin 7.1%
Authorised capital
₹130 Cr
Registered with MCA
Paid-up capital
₹56.27 Cr
Issued & subscribed
Open charges
₹353.06 Cr
Satisfied ₹7.5 Cr
Company age
33 yrs
Est. 1993
Employees · EPFO
3,019
Provident fund records
About Tessolve Semiconductor Private Limited
Data last updated:
Tessolve Semiconductor Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Hero Electronix Private Limited. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 30 June 1993 and has been in existence for over 33 years.
Its director Suman Kant Munjal is #205 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72300KA1993PTC034929. Its GSTIN is 29AABCT9789M1Z7 (Karnataka). The company holds 8 GST registrations, all of them active.
The company has an authorised share capital of ₹130 Cr and a paid-up capital of ₹56.27 Cr. It was formerly known as Imperial Business Credits Private Limited and Tessolve Services Private Limited. It is led by directors including Srinivas Chinamilli (Managing Director) and Loke Wai San.
Its last annual general meeting (AGM) was held on 28 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Goldhill Supreme Softwarepark, Bangalore, Karnataka.
As per the financials filed for FY 2026, the company reported a revenue of ₹1,538.27 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net loss of ₹35 Cr (net margin -2.3%) and EBITDA of ₹108.59 Cr (EBITDA margin 7.1%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 24% over five years.
The company has about 3,019 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Tessolve Semiconductor. As per MCA filings, the company has open charges of ₹353.06 Cr and satisfied charges of ₹7.5 Cr on record. The company has 49 deals on record (23 secondary share transfers, 22 funding rounds, 3 convertible or debt financings), with disclosed funding of ₹1,688.11 Cr; the latest was in September 2025. The company has 14 MSME Form 1 returns on record between 2019 and 2024, listing 395 overdue payments to 33 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tessolve.com.
Company details
CIN U72300KA1993PTC034929
Registration Number 034929
Incorporation Date 30 June 1993
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 28 August 2026
Date of Balance Sheet 31 March 2026
Parent Company Hero Electronix Private Limited
Compliance Status Active Compliant
Name history
Tessolve Semiconductor has undergone 2 name changes throughout its history. The company was previously known as Imperial Business Credits Private Limited, and Tessolve Services Private Limited. The current legal name is Tessolve Semiconductor Private Limited.
| Company Name | Status |
|---|---|
| Tessolve Semiconductor Private Limited | Current |
| Imperial Business Credits Private Limited | Previous |
| Tessolve Services Private Limited | Previous |
CIN history
Tessolve Semiconductor has one previous CIN (Corporate Identification Number): U72300KA2004PTC034929. The current CIN is U72300KA1993PTC034929, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72300KA1993PTC034929 | Current |
| U72300KA2004PTC034929 | Previous |
Recognitions & Rankings of Tessolve Semiconductor
Contact details
Tessolve Semiconductor Private Limited's registered office is in Bangalore, Karnataka. Its website is tessolve.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGoldhill Supreme Softwarepark West, Tower Plot No.21 22 27&28 4 Floor, Bangalore, Karnataka, India – 560100
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Tessolve Semiconductor Private Limited, buy the company report.
Comprehensive company report
Tessolve Semiconductor Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Tessolve Semiconductor operates one associated brand: Tessolve Semiconductor. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Semiconductor engineering services in chip design and testing are offered. | tessolve.com |
Business activity
The main business activity of Tessolve Semiconductor is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 62 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Tessolve Semiconductor Private Limited, buy the company report.
Financials of Tessolve Semiconductor Private Limited
FY 2026 filings availableTessolve Semiconductor Private Limited reported revenue of ₹1,538.27 Cr (up 33% YoY) for FY 2026.
Revenue · FY 2026
₹1,538.27 Cr ▲ 33%
Net loss · FY 2026
₹35 Cr margin -2.3%
EBITDA · FY 2026
₹108.59 Cr margin 7.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 33%
3 years · compounded
▲ 21%
5 years · compounded
▲ 24%
EBITDA CAGR growth
1 year
▼ 32%
3 years · compounded
▲ 12%
5 years · compounded
▲ 14%
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 33% growth in the latest year. EBITDA fell 32% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,538.27 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹108.59 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹35 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.1% | ||||
| Net Profit Margin | -2.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Tessolve Semiconductor Private Limited, buy the company report.
Board of directors of Tessolve Semiconductor Private Limited
Tessolve Semiconductor has 12 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srinivas Chinamilli | Managing Director | 20 Aug 2019 | 7 Years 2 Months | Current |
| Loke Wai San | Director | 09 Apr 2021 | 5 Years 7 Months | Current |
| Suman Kant Munjal | Director | 06 Apr 2016 | 10 Years 7 Months | Current |
| Nikhil Rajpal Also directs: Hero Electronix Private Limited, Astraprime LLP, Qubo Smart Living Private Limited and 2 more | Director | 23 Feb 2017 | 9 Years 8 Months | Current |
| Sailesh Chittipeddi | Director | 15 Jan 2025 | 1 Years 9 Months | Current |
| Ujjwal Munjal Also directs: Rockman Advanced Composites Private Limited, Rockman Autotech Limited, Spares Superhero Private Limited and 5 more | Director | 06 Apr 2016 | 10 Years 7 Months | Current |
Showing 6 of 12 current directors. View all directors
Auditor
Tessolve Semiconductor Private Limited is audited by S R Batliboi and Associates LLP for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R Batliboi and Associates LLP | FY 2026 | 101049W/E300004 |
Shareholding
The shareholding of Tessolve Semiconductor Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Tessolve Semiconductor Private Limited, buy the company report.
Charges & borrowings
Open charges
₹353.06 Cr
Satisfied charges
₹7.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jun 2026 | 101358819 | Others | ₹35 Cr | Open | |
| 24 Jan 2025 | 101052438 | The Hongkong and Shanghai Banking Corporation Limited | ₹238.06 Cr | Open | |
| 07 Oct 2024 | 100995116 | The Hongkong and Shanghai Banking Corporation Limited | ₹8 Cr | Open | |
| 27 Mar 2024 | 100907776 | Hdfc Bank Limited | ₹6 Cr | Open | |
| 02 Nov 2018 | 100222508 | Citi Bank N.A. | ₹30 Cr | Open |
To see the full charge records of Tessolve Semiconductor Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Tessolve Semiconductor Private Limited has 49 deals on record (23 secondary share transfers, 22 funding rounds, 3 convertible or debt financings), with disclosed funding of ₹1,688.11 Cr; the latest was in September 2025.
Total deals
49
Secondary share transfers
23
Funding rounds
22
Convertible or debt financings
3
Acquisition
1
Disclosed funding
₹1,688.11 Cr
Deals on record (5 of 49)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2021 | Secondary share transfer | Undisclosed | Buyer: Novo Tellus Capital Partners Seller: Hero Electronix Private Limited , Ptc Semicon Industries Private Limited, 2 individuals |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Feb 2020 | Funding round · Series E | ₹27.37 Cr | Investors: Hero Electronix Private Limited , an individual |
| Aug 2019 | Secondary share transfer | Undisclosed | Buyer: Hero Electronix Private Limited Seller: an individual |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Hero Electronix Private Limited Seller: an individual |
To see the full deal history of Tessolve Semiconductor Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Tessolve Semiconductor Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Tessolve Semiconductor Private Limited was last rated by Crisil on 10 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 10 Nov 2020 |
To see the full credit ratings and regulatory alerts of Tessolve Semiconductor Private Limited, buy the company report.
MSME payment delays
Tessolve Semiconductor Private Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 395 overdue payments to 33 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 33)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Micropack Private Limited | |||
| Sai Shubha Enterprises | |||
| Sibay Techno Solutions Private Limited | |||
| Univision Systems and Solutions Private Limited | |||
| Levantare Technology Private Limited |
To see the full MSME payment records of Tessolve Semiconductor Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Tessolve Semiconductor has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Tessolve Semiconductor Manufacturing Industries Private Limite | U30000KA2013PTC069630 | |
| Test and Verification Solutions India Private Lim | U72100TN2011PTC082191 |
To see the full group structure of Tessolve Semiconductor Private Limited, buy the company report.
Employees & EPFO
Tessolve Semiconductor Private Limited has a workforce of 3,019 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Employee count
3,019
Active EPFO establishments
2
Employee growth
9.8%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 3,019 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Tessolve Semiconductor Private Limited, buy the company report.
GST
Tessolve Semiconductor has 8 GST registrations: 8 active. The first 4 active GSTINs are listed below.
Total GSTINs
8
Active
8
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCT9789M1Z7 | Karnataka | Active | 01 Jul 2017 |
| 29AABCT9789M2Z6 | Karnataka | Active | 01 Jun 2020 |
| 33AABCT9789M1ZI | Tamil Nadu | Active | 01 Jul 2017 |
| 37AABCT9789M1ZA | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tessolve Semiconductor Private Limited, buy the company report.
Recent activity
Tessolve Semiconductor Private Limited has 30 board changes on record since 2007: 12 appointments and 18 cessations. The latest: Geoffrey Duff Baldwin was appointed as Director on 09 Oct 2026.
Appointed
Geoffrey Duff Baldwin was appointed as Director.
Charges
A charge with Citi Bank N.A. of Rs. 30.00 Cr registered on 02 Nov 2018 with Charge ID 100222508 was modified on 01 Sep 2026.
AGM
Tessolve Semiconductor Private Limited last Annual general meeting of members was held on 28 Aug 2026 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 35.00 Cr with Charge ID 101358819 was registered on 20 Jun 2026.
Filing
Tessolve Semiconductor Private Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Bangalore.
Ceased
Veerappan ceased to be Director.
Appointed
Bhushan Sudhir Bopardikar was appointed as Director.
Appointed
Vikram Singh Beniwal was appointed as Director.
Appointed
Vivek Mohan was appointed as Director.
Appointed
Sarangapani Vasudevan was appointed as Director.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 238.06 Cr with Charge ID 101052438 was registered on 24 Jan 2025.
Appointed
Sailesh Chittipeddi was appointed as Director.
35 earlier events are in the company report.
News
Frequently asked questions
Tessolve Semiconductor is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 30 June 1993 (33+ years old) and is registered under CIN U72300KA1993PTC034929.
Tessolve Semiconductor has 12 current directors:
- Srinivas Chinamilli - Managing Director
- Loke Wai San - Director
- Suman Kant Munjal - Director
- Nikhil Rajpal - Director
- Sailesh Chittipeddi - Director
- Ujjwal Munjal - Director
- Manorama Nagarajan - Director
- Vikram Singh Beniwal - Director
- Vivek Mohan - Director
- Bhushan Sudhir Bopardikar - Director
- Sarangapani Vasudevan - Director
- Geoffrey Duff Baldwin - Director
The latest financial statements of Tessolve Semiconductor on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 28 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Tessolve Semiconductor is 29AABCT9789M1Z7, registered in Karnataka. The company has 8 GST registrations in all, of which 8 are active. Other active GSTINs include 29AABCT9789M2Z6 (Karnataka), 33AABCT9789M1ZI (Tamil Nadu), 37AABCT9789M1ZA (Andhra Pradesh).
The CIN (Corporate Identification Number) of Tessolve Semiconductor is U72300KA1993PTC034929. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tessolve Semiconductor was incorporated on 30 June 1993, making it 33+ years old. It is registered with the Registrar of Companies, Bangalore.
Tessolve Semiconductor has 49 deals on record (23 secondary share transfers, 22 funding rounds, 3 convertible or debt financings), with disclosed funding of ₹1,688.11 Cr; the latest was in September 2025.
Geoffrey Duff Baldwin was appointed as Director on 09 Oct 2026. Veerappan ceased to be Director on 31 Mar 2026. Bhushan Sudhir Bopardikar was appointed as Director on 13 Nov 2025. Tessolve Semiconductor has 30 board changes on record in total.
Tessolve Semiconductor has 14 MSME Form 1 returns on record between 2019 and 2024, listing 395 overdue payments to 33 micro and small suppliers. The latest return was filed on 25 Apr 2024.
Tessolve Semiconductor can be reached through the website tessolve.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Tessolve Semiconductor is at Goldhill Supreme Softwarepark West, Tower Plot No.21 22 27&28 4 Floor, Bangalore, Karnataka, India – 560100.
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