Tessolve Semiconductor Pvt. Ltd.
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Tessolve Semiconductor Pvt. Ltd. - overview
Established
2004
Location
Bangalore, Karnataka, India
Primary Industry
Semiconductors
About
Founded in 2004, based in Bangalore, India, Tessolve Semiconductor Pvt. Ltd. is a semiconductor engineering services company. P.
Raja Manickam and Srinivas Chinamilli are the co-founders of the company. The company has transitioned from a semiconductor test services provider to a provider of complete engineering solutions to semiconductor companies. In September 2025, TPG acquired a minority stake in Tessolve Semiconductor Pvt. Ltd.
from Hero Electronix, Novo Tellus, Applied Ventures, JAFCO Asia, Qualcomm Ventures, and Reliance Ventures for USD 150 million. The company has over 2000 employees as of April 2021. The firm provides services and solutions in the areas of semiconductor design, test and product engineering, print circuit board design, failure analysis, and systems design, chip solutions, hardware solutions, IoT solutions, embedded solutions, cloud services, and wireless testing. Tessolve provides services to global companies such as Qualcomm, Broadcom, and NXP.
The firm generated USD 75 million in revenue in 2020. The September 2025 acquisition aims to scale Tessolve Semiconductor Pvt. Ltd. 's operations and enhance its position in the global and Indian semiconductor market.
Current Investors
Novo Tellus, Applied Ventures, Qualcomm Ventures
Primary Industry
Semiconductors
Sub Industries
Engineering, Integrated Circuits, Semiconductors
Website
www.tessolve.com
Verticals
Artificial Intelligence, IoT (Internet of Things), Manufacturing
Total Amount Raised
Subscriber access only
Tessolve Semiconductor Pvt. Ltd. - timeline of key events
Tessolve Semiconductor Pvt. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2013 | Mar 31, 2014 | 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) | 13,599,490.035 | 16,571,858.477 | 12,600,447.673 | 18,235,609.554 | 31,043,906.195 | 48,186,392.066 | 56,433,166.751 | 67,784,538.645 | 68,757,351.582 | - | - | - |
| % Revenue Growth (YoY) | - | 21.9% | (24.0%) | 44.7% | 70.2% | 55.2% | 17.1% | 20.1% | 1.4% | - | - | - |
| EBITDA (USD) | (1,818,847.825) | 3,215,403.018 | 2,714,186.185 | 1,330,255.033 | 3,892,073.832 | 3,056,799.792 | 3,382,269.474 | 1,845,101.953 | 7,657,539.919 | - | - | - |
| Operating Income (USD) | (2,380,715.922) | 2,630,422.108 | 1,889,385.304 | 594,022.002 | 2,780,201.713 | 1,264,595.927 | 1,375,468.09 | (1,639,949.54) | 2,884,315.427 | - | - | - |
| Operating Margin | (17.5%) | 15.9% | 15.0% | 3.3% | 9.0% | 2.6% | 2.4% | (2.4%) | 4.2% | - | - | - |
| % EBITDA Margin | (13.4%) | 19.4% | 21.5% | 7.3% | 12.5% | 6.3% | 6.0% | 2.7% | 11.1% | - | - | - |
| NET Income (USD) | (2,964,116.469) | 2,438,029.124 | 1,776,498.93 | 562,714.028 | 1,686,612.724 | 898,196.354 | 486,114.61 | (2,945,653.441) | 906,287.813 | - | - | - |
| % Net Margin | (21.8%) | 14.7% | 14.1% | 3.1% | 5.4% | 1.9% | 0.9% | (4.3%) | 1.3% | - | - | - |
Tessolve Semiconductor Pvt. Ltd. - employee data
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