When was MMRFIC founded?

MMRFIC was founded in 2014 and raised its 1st funding round 1 year after it was founded.

Where is MMRFIC located?

MMRFIC is headquartered in Bengaluru, India. It is registered at Maruthi Oynx 1st Floor West Wing No. 12, Doddanekundi Industrial Area 2nd Phase, Hoodi, Bangalore, Bangalore North, Karnataka, India, 560048.

Who is the current CEO of MMRFIC?

Saravana Ganeshan of MMRFIC. They have also founded 1 company.

Which legal entities is MMRFIC associated with?

MMRFIC is associated with MMRFIC TECHNOLOGY PRIVATE LIMITED.

How many employees does MMRFIC have?

As of Aug 31, 2025, the latest employee count at MMRFIC is 55.

Is MMRFIC a funded company?

MMRFIC is a funded company, having raised a total of $5.23M across 8 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Nov 16, 2015.

How much is MMRFIC worth?

The latest valuation of MMRFIC is $***** as of Apr 21, 2025.

When was the latest funding round of MMRFIC?

MMRFIC's latest funding was a $***** Seed round on Sep 25, 2024, with participation from 1 investor.

What is the annual revenue of MMRFIC?

Annual revenue of MMRFIC is between ₹10 Cr and ₹50 Cr as on Mar 31, 2026

Where does MMRFIC rank among its competitors?

MMRFIC ranks 44th amongst 2027 active competitors, of which 52 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Mekr Technologies, which secured $7.04M in Apr, 2026.

Who are the top competitors of MMRFIC?

MMRFIC's top competitors include Dixon Technologies, Foxconn Electronics and Kaynes Technology. Among them, Mekr Technologies secured the most recent funding round in April, 2026.

MMRFIC - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Developer of custom radio frequency integrated circuits and system solutions. The company provides design and manufacturing for mission-critical networks and millimeter-wave technology. Services include RF and mm-Wave solutions, ML and AI driven solutions, and MMIC and RF SOC design. The company supports clients from conception to prototype.

Website: mmrfic.com
Social
Email ID: *****@mmrfic.com
Phone Number: +91 **********
Registered Address: Maruthi Oynx 1st Floor West Wing No. 12, Doddanekundi Industrial Area 2nd Phase, Hoodi, Bangalore, Bangalore North, Karnataka, India, 560048

Key Metrics

Founded Year

2014

Location

Bengaluru, India

Stage

Seed

Total Funding

$5.23M in 8 rounds

Latest Funding Round

Seed, Sep 25, 2024, $*****

Post Money Valuation

$***** as on Apr 21, 2025

Investors

Sansera & 7 more

Ranked

44^th among 2027 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2026

Employee Count

55 as on Aug 31, 2025

Similar Companies

AMPL & 67 more

View MMRFIC's full profile

MMRFIC is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
MMRFIC TECHNOLOGY PRIVATE LIMITED CIN: U72200KA2014PTC077359 , India, Active	Nov 20, 2014	₹10 - ₹50 Cr (As on Mar 31, 2026)	55 (As on Aug 01, 2025)

MMRFIC has raised a total funding of $5.23M over 8 rounds. Its first funding round was on Nov 16, 2015. Its latest funding round was a Seed round on Sep 25, 2024 for $*****. 1 investor participated in its latest round. MMRFIC has 2 institutional investors and 6 angel investors.

Here is the list of recent funding rounds of MMRFIC:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 25, 2024	5434781	Seed	9662497	5025780	5539103	8529707
Mar 29, 2023	7917022	Seed	9791127	4971548	1001135	1760956
Jan 31, 2023	9420690	Grant (prize money)	2223923	6118666	9340265	iDEX

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View details of MMRFIC's funding rounds and investors

The founders of MMRFIC are Ravi Commandur Vijayaraghavan and Saravana Ganeshan. Saravana Ganeshan is the CEO of MMRFIC.

Here are the details of MMRFIC's key team members:

Ravi Commandur Vijayaraghavan: Co-Founder & Director of MMRFIC. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Saravana Ganeshan: Co-Founder & CEO & CTO of MMRFIC. They serve on the board of 1 company.
Contact Info: 1 email address

MMRFIC's Board of Directors

MMRFIC's board has 2 active members. Ravi Commandur Vijayaraghavan and Saravana Ganeshan are part of team.

Here is the list of MMRFIC's board of directors:

Name	Type	Representing	Status	Duration
Saravana Ganeshan	Team	-	Current	11y 9m
xcoxemv	Team	-	Past	2y 6m
cmenhok	Independent board member	-	Past	4y 6m
qlynkmx	Independent board member	-	Past	1y 9m
vzz{wcf	Independent board member	-	Past	1y 9m

View details of MMRFIC's Founder profiles and Board Members

MMRFIC's employee count trend

MMRFIC has 55 employees as of Aug 25. The total employee count is 2.0% more than what it was in Aug 24. Here is MMRFIC's employee count trend over the years:

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Top competitors of MMRFIC include Dixon Technologies, Foxconn Electronics and Kaynes Technology. Here is the list of Top 10 competitors of MMRFIC, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Dixon Technologies 1993, Noida (India), Public	Provider of electronics manufacturing services	$9.32M	India Capital Growth, Steadview & 2 others	73/100
2nd	Foxconn Electronics 1974, Taipei (Taiwan), Public	Electronic products manufacturer	-	Demtech, WK Technology Fund & 3 others	73/100
3rd	Kaynes Technology 2008, Mysuru (India), Public	Integrated electronics manufacturer offering end-to-end and IoT solutions across various industries	$22.4M	Acacia Banyan Partners, East Fifty Four & 31 others	69/100
4th	Mekr Technologies 2022, Sonipat (India), Series A	A digital manufacturing platform for end to end electronic product manufacturing	$8.58M	Avaana Capital Advisors, Titan Capital & 16 others	67/100
5th	AMPL 1991, Hyderabad (India), Public	RF and microwave sub-systems provider	$2M	Canbank Venture Capital Fund, Prestellar Ventures ... & 2 others	66/100
6th	SFO Technologies 1990, Kochi (India), Late Stage	Provider of ODM Plus solutions	$120M	True North, Infrastructure Leasing & Financial Services ... & 19 others	64/100
7th	Frequentis 1947, Vienna (Austria), Public	Provider of communication and information systems for safety-critical applications	-	B&C Group, Europa	63/100
8th	ILJIN Electronics 2001, Noida (India), Late Stage	Manufacturer of high-precision electronics manufacturing services	$198M	Nuvama Crossover Opportunities Fund, Avendus Future Leaders Fund ... & 11 others	61/100
9th	Sanmina 1980, Guadalajara (Mexico), Acquired	Manufacturer and supplier of electrical and electronic components to OEMs and aftermarket	-	Morgan Stanley, Europa	61/100
10th	Calterah Semiconductor 2014, Shanghai (China), Series D	Developer of CMOS millimeter wave radar sensors	-	Gopher Assets, Bank of Communications & 11 others	61/100
44th	MMRFIC 2014, Bengaluru (India), Seed	Developer of custom radio frequency integrated circuits and system solutions	$5.23M	iDEX, Sansera & 6 others	47/100

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MMRFIC TECHNOLOGY PRIVATE LIMITED, the legal entity associated with MMRFIC, generated between ₹10 Cr and ₹50 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of MMRFIC TECHNOLOGY PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 3% in the last 1 year.

Financial Statement Summary

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Income Statement
Revenue	5824	9046	9474	8850	6804
Total Sales	3191	7464	7284	5021	5162
Total Expenses	5900	6902	8745	4800	1251
Operating Expenses	3232	9524	1512	4833	5760
Employee Expenses	5395	4882	9613	9396	9201
Operating Income (EBIT)	1574	6447	9613	2974	3367
Interest Expenses	6927	8237	7085	6172	1657
Expenses from other activities	6119	4378	4981	3262	7397
EBITDA	8432	1531	9589	1425	4251
Taxes	6582	5427	1754	5712	5116
Net Profit	6949	2326	7698	4071	3426
Balance Sheet
Assets	8157	4673	5979	3447	9380
Accounts Receivables	9105	9722	7490	5863	1918
Inventory	7981	4531	6468	6358	2761
Liabilities	6610	5598	3182	3457	7047
Total Debt	4363	3665	2634	2380	9124
Accounts Payable	3018	6711	9658	6130	8073
Equities	2733	7060	6637	3835	1079

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Founders own 23.06%, Enterprises (largest shareholder) own 34.85%, Angels own 11.34% and Other People own 19.22%. The net worth of MMRFIC's founders is INR 27.8Cr as of Apr 21, 2025. The cap table displayed below is for MMRFIC TECHNOLOGY PRIVATE LIMITED which is the legal entity associated with MMRFIC.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	23.06%	27.8Cr	8382712	3676257	7066155	7399798
Saravana Ganeshan	8899138	6433820	4538017	5832152	9936544	1408770
Ravi Commandur Vijayaraghavan	6217578	7150437	5808876	4244996	2287882	7813122
Enterprise	34.85%	42Cr	5117320	1781615	2119977	2218379
Angel	11.34%	13.7Cr	5936751	7598618	1903589	7381081
Rakesh Kumar Sharma	759	803	141	321	179	534
Shashank Sharma	0	0	0	0	0	0
Other People	19.22%	23.2Cr	8203518	1783317	9805078	2233352
ESOP Pool	11.53%	13.9Cr	5170787	5227594	9400289	7238850
Total	100.00%	121Cr	2945568	3223791	5351184	6118095