Tessolve Semiconductor - About the company
Tessolve Semiconductor is an acquired company based in Bengaluru (India), founded in 2004 by Srini Chinamilli and Veerappan VV. It operates as a Semiconductor engineering services company. Tessolve Semiconductor has raised $213M in funding from investors like Qualcomm Ventures, JAFCO Asia and Reliance Venture Asset Management, with last known valuation of ₹*****. The company has 1471 active competitors, including 93 funded and 148 that have exited. Its top competitors include companies like Wadiz, Imec and Atomica.
Company Details
Semiconductor engineering services company. It is a leading provider of semiconductor solutions worldwide. Chip design, testing, and PCB engineering are some of its offerings. Along with offering other services like failure analysis and systems design, it also has a staff of specialists and internal infrastructure.
- Website
- www.tessolve.com
- Social
- Email ID
- *****@tessolve.com
- Phone Number
- +91 **********
- Registered Address
- Goldhill Supreme Softwarepark West, Tower,Plot No.21, 22, 27&28,4 Floor, Electronics City, Bangalore, Bangalore South, Karnataka, India, 560100
Key Metrics
Founded Year
2004
Location
Bengaluru, India
Stage
Acquired
Total Funding
$213M in 8 rounds
Latest Funding Round
Last Known Valuation
₹***** as on Nov 13, 2025
Investors
Ranked
2nd among 1471 active competitors
Annual Revenue
₹1,000+ Cr as on Mar 31, 2025
Employee Count
3,023 as on Jun 30, 2026
Investment & Acquisitions
Exit Details
Acquired by Hero Electronix (Apr 28, 2016)
Legal entities associated with Tessolve Semiconductor
Tessolve Semiconductor is associated with 4 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
TESSOLVE SEMICONDUCTOR PRIVATE LIMITED CIN: U72300KA1993PTC034929 , India, Active | Jun 30, 1993 | ₹1,000+ Cr (As on Mar 31, 2025) | 3019 (As on May 01, 2026) | |
TESSOLVE SEMICONDUCTOR MANUFACTURING INDUSTRIES PRIVATE LIMITED CIN: U30000KA2013PTC069630 , India, Active | Jun 11, 2013 | 0 - ₹10 Cr (As on Mar 31, 2025) | - | |
HERO ELECTRONIX PRIVATE LIMITED CIN: U31908DL2015PTC281134 , India, Active | Jun 04, 2015 | ₹1,000+ Cr (As on Mar 31, 2025) | 185 (As on May 31, 2026) | |
TESSOLVEDTS, INC. 401(K) CIN: 50565389 , United States, Active | Dec 31, 1999 | - | 82 (As on Dec 31, 2024) | - |
Tessolve Semiconductor's acquisition details
Tessolve Semiconductor got acquired by Hero Electronix on Apr 28, 2016.
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Tessolve Semiconductor's funding and investors
Tessolve Semiconductor has raised a total funding of $213M over 8 rounds. Its first funding round was on Mar 31, 2007. Its latest funding round was a PE round on Sep 01, 2025 for $*****. 1 investor participated in its latest round. Tessolve Semiconductor has 12 institutional investors and 8 angel investors.
Here is the list of recent funding rounds of Tessolve Semiconductor:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 01, 2025 | 7941163 | PE | 5127392 | 4433924 | 2375406 | 5704607 |
Apr 09, 2021 | 7282362 | Series F | 8994787 | 5625219 | 2743531 | 6779986 |
Feb 04, 2020 | 5432966 | Series E | 2106968 | 7405660 |
Access funding benchmarks and valuations. Sign up today!View details of Tessolve Semiconductor's funding rounds and investors
Tessolve Semiconductor's founders and board of directors
Founder? Claim ProfileThe founders of Tessolve Semiconductor are Srini Chinamilli and Veerappan VV. Srini Chinamilli is the CEO of Tessolve Semiconductor.
Here are the details of Tessolve Semiconductor's key team members:
- Srini Chinamilli: Co-Founder & CEO of Tessolve Semiconductor. They serve on the board of 1 company.Contact Info: 1 email address
- Veerappan VV: Co-Founder & President of Tessolve Semiconductor. They serve on the board of 1 company.Contact Info: 1 email address
Tessolve Semiconductor's Board of Directors
Tessolve Semiconductor's board has 9 active members. Srini Chinamilli, Veerappan VV and Pakkirisamy Rajamanickam are part of team and Suman Kant Munjal, Ujjwal Munjal, Sunit R, Rahul Munjal, Nikhil Rajpal and Loke Wai San are independent board members.Here is the list of Tessolve Semiconductor's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 21y 8m | |
vzyfwyu | Team | - | Past | 2y 3m |
gjtwnnt | Team | - | Past | 8y 4m |
Independent board member | - | Current | 10y 2m | |
fxbzjtx | Independent board member | - | Current | 9y 4m |
erfqcjf | Independent board member | - | Current | 9y 3m |
yetkley | Independent board member | - | Current | 4y 3m |
afgpway | Independent board member | - | Past | 4y 1m |
ltjignd | Independent board member | - | Past | 9y 8m |
ygwtrkp | Independent board member | - | Past | 8y 6m |
nsctzxu | Independent board member | - | Past | 2y 4m |
qlwhyja | Independent board member | - | Past | 5y 1m |
rv{wvyf | Independent board member | - | Past | 4y 8m |
View details of Tessolve Semiconductor's Founder profiles and Board Members
Tessolve Semiconductor's employee count trend
Tessolve Semiconductor has 3,023 employees as of Jun 26. Here is Tessolve Semiconductor's employee count trend over the years:
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Tessolve Semiconductor's Competitors and alternates
Top competitors of Tessolve Semiconductor include Wadiz, Imec and Atomica. Here is the list of Top 10 competitors of Tessolve Semiconductor, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Wadiz 2012, Seongnam-si (South Korea), Series D | Equity and revenue-based crowdfunding platform | $128M | 80/100 | |
2nd | Tessolve Semiconductor 2004, Bengaluru (India), Acquired | Semiconductor engineering services company | $213M | 70/100 | |
3rd | Provider of semiconductor design and development services | - | 65/100 | ||
4th | Atomica 2000, United States, Series C | Manufacturer of MEMS, photonics, biochips, and sensors. | $30M | 62/100 | |
5th | SMART Photonics 2012, Eindhoven (Netherlands), Series D | Provides services for manufacturing photonic ICs | $244M | 59/100 | |
6th | Polymatech Electronics 2007, Kanchipuram (India), Acquired | Provider of semiconductor design and development services | $37.3M | 59/100 | |
7th | DreamBigSemi 2019, San Jose (United States), Acquired | Provider of semiconductor manufacturing services | $75M | 57/100 | |
8th |  GSME 2021, San Jose (United States), Series B | GSME is a global provider of customized silicon solutions, specializing in RF design and power | $53M | 57/100 | |
9th | Enthuse 2011, San Francisco (United States), Acquired | Cloud-based suite solutions for fundraising | $10.4M | 56/100 | |
10th | OnePlanetCrowd 2012, Amsterdam (Netherlands), Acquired | Online crowdfunding platform for social causes | $1.16M | 56/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Tessolve Semiconductor's competitors? Click here to see the top ones
Tessolve Semiconductor's Latest cap tables and shareholding
Founders own 0.18%, Funds own 30.14%, Parent Entities (largest shareholder) own 51.85% and Enterprises own 6.45%. The net worth of Tessolve Semiconductor's founders is INR 8.84Cr as of Nov 13, 2025.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 0.18% | 8.84Cr | 0 | 0 | 0 | 0 |
0 | 0 | 0 | 0 | 0 | 0 | |
Fund | 30.14% | 1,470Cr | 8046095 | 9663041 | 1974420 | 1015939 |
9312721 | 3455878 | 3984292 | 2656156 | 8631835 | 1277411 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Parent Entity | 51.85% | 2,530Cr | 2994356 | 3520720 | 7361169 | 3395222 |
Enterprise | 6.45% | 315Cr | 379404 | 202587 | 961245 | 253238 |
Angel | - | 0 | 0 | 0 | 0 | 0 |
Other People | 2.43% | 119Cr | 98 | 57 | 72 | 40 |
ESOP Pool | 7.87% | 384Cr | 2752431 | 5582402 | 2942202 | 9250936 |
Other Investors | 1.09% | 53Cr | 7 | 5 | 7 | 4 |
Total | 100.00% | 4,880Cr | 2012858 | 4034031 | 8918670 | 5877359 |
To unlock detailed Cap Table of Tessolve Semiconductor Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Tessolve Semiconductor's Shareholding
Tessolve Semiconductor's Investments and acquisitions
Tessolve Semiconductor has acquired 3 companies including Dream Chip, P2F SEMI and Dream Chip. Tessolve Semiconductor has not made any investments as of now.Here is the list of its acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Nov 06, 2024 | Acquisition | 1990 | ||
Oct 27, 2022 | Acquisition | 2018 | Bengaluru (India) | |
Aug 03, 2020 | Acquisition | 1990 |
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Reports related to Tessolve Semiconductor
Here is the latest report on Tessolve Semiconductor's sector:
News related to Tessolve Semiconductor
Filter this listMedia has covered Tessolve Semiconductor for a total of 18 events in the last 1 year, 7 of them have been about company updates and 2 about partnerships.
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Tessolve Collaborates with Intel Foundry for Advanced Package DesignElectronicsforyou•Jul 30, 2026•Tessolve Semiconductor, Intel, Marvell
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ASML's High NA EUV Technology Reaches Milestone with Intel's High-Volume Logic Product ManufacturingGlobeNewswire•Jul 15, 2026•Intel, ASML, Ny-Creates, Taiwan Semiconductor Manufacturing and 1 other
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Tessolve Achieves Great Place to Work® Certification for the Third Consecutive YearTessolve Semiconductor•Jan 30, 2026•Tessolve Semiconductor
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Tessolve Joins the eSync Alliance to Accelerate Connected Automotive InnovationsExpress Computer•Oct 07, 2025•Tessolve Semiconductor, eSync
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Semiconductor company Tessolve raises $150 mn from TPGBusiness Line•Sep 01, 2025•Tessolve Semiconductor, TPG, Jefferies, Tpg and 2 others
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TPG beats Advent to emerge frontrunner for Tessolve stake; to invest $140–150 millionMergersIndia•Aug 26, 2025•Tessolve Semiconductor, TPG, Tpg
•
Advent, TPG in final race for Tessolve, valued at $450MElectronicsforyou•Jul 17, 2025•Tessolve Semiconductor, TPG, Advent International
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