Adept Chip Services Pvt. Ltd.
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Adept Chip Services Pvt. Ltd. - overview
Established
2011
Location
Bangalore, Karnataka, India
Primary Industry
Business Support Services
About
Based in Karnataka, India, and founded in 2011 by CEO Gopal Koreme and Managing Director Madan Lolugu, Adept Chip Services Pvt. Ltd. , also known as Adeptchips, operates as an integrated circuit design company providing services in hardware design, software design, and silicon engineering. In November 2022, QuEST Global Services Pte.
Ltd. , a portfolio company of ChrysCapital and True North, acquired Adept Chip Services Pvt. Ltd. Adeptchips provides design and development for ASIC design, design verification, and design testing for networks and devices.
The company offers human resources incubation, which is a platform that supports the recruitment of temporary and permanent employees for companies as well as improves employee productivity. In addition, the firm provides maintenance and support to product lifecycle management for additional customer acquisition, product repositioning, and more. Adeptchips provides hardware and software co-operability validation, product certification, and testing services.
Current Investors
Quest Global Services Pte. Ltd.
Primary Industry
Business Support Services
Sub Industries
Consulting Services, Engineering, Facilities & Maintenance Services, Human Resources Services
Website
www.adeptchips.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Adept Chip Services Pvt. Ltd. - timeline of key events
Adept Chip Services Pvt. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 27,342,289 | 42,781,975 | 121,745,596 | 231,602,990 | 245,151,667 | 299,109,392 | 488,864,106 | - | - | - |
| % Revenue Growth (YoY) | - | 56.5% | 184.6% | 90.2% | 5.8% | 22.0% | 63.4% | - | - | - |
| EBITDA (USD) | 2,870,874 | 4,909,413 | 14,353,573 | 33,122,044 | 38,851,184 | 58,078,720 | 97,392,514 | - | - | - |
| Operating Income (USD) | 2,785,459 | 4,744,391 | 14,069,926 | 32,303,359 | 37,853,465 | 56,435,127 | 95,555,118 | - | - | - |
| Operating Margin | 10.2% | 11.1% | 11.6% | 13.9% | 15.4% | 18.9% | 19.5% | - | - | - |
| % EBITDA Margin | 10.5% | 11.5% | 11.8% | 14.3% | 15.8% | 19.4% | 19.9% | - | - | - |
| NET Income (USD) | 1,933,635 | 3,275,192 | 9,529,396 | 23,328,169 | 27,231,568 | 40,588,581 | 69,122,327 | - | - | - |
| % Net Margin | 7.1% | 7.7% | 7.8% | 10.1% | 11.1% | 13.6% | 14.1% | - | - | - |
Adept Chip Services Pvt. Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Adept Chip Services Pvt. Ltd. | - |
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Adept Chip Services Pvt. Ltd. - employee data
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