When was Tessolve Semiconductor founded?

Tessolve Semiconductor was founded in 2004 and raised its 1st funding round 3 years after it was founded.

Where is Tessolve Semiconductor located?

Tessolve Semiconductor is headquartered in Bengaluru, India. It is registered at Goldhill Supreme Softwarepark West, Tower,Plot No.21, 22, 27&28,4 Floor, Electronics City, Bangalore, Bangalore South, Karnataka, India, 560100.

Who is the current CEO of Tessolve Semiconductor?

Srini Chinamilli of Tessolve Semiconductor. They have also founded 1 company.

Which legal entities is Tessolve Semiconductor associated with?

Tessolve Semiconductor is associated with TESSOLVE SEMICONDUCTOR PRIVATE LIMITED and 3 others.

How many employees does Tessolve Semiconductor have?

As of Sep 30, 2026, the latest employee count at Tessolve Semiconductor is 3100.

Is Tessolve Semiconductor a funded company?

Tessolve Semiconductor is a funded company, having raised a total of $241M across 8 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 31, 2007.

How much is Tessolve Semiconductor worth?

The last known valuation of Tessolve Semiconductor was ₹***** as of Sep 25, 2026.

When was the latest funding round of Tessolve Semiconductor?

Tessolve Semiconductor's latest funding was a ₹***** PE round on Sep 01, 2025, with participation from 1 investor.

What is the annual revenue of Tessolve Semiconductor?

Annual revenue of Tessolve Semiconductor is more than ₹1,000 Cr as on Mar 31, 2026

Where does Tessolve Semiconductor rank among its competitors?

Tessolve Semiconductor ranks 2nd amongst 1494 active competitors, of which 97 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Liquid Instruments, which secured $70M in Apr, 2026.

Who are the top competitors of Tessolve Semiconductor?

Tessolve Semiconductor's top competitors include Wadiz, Imec and Atomica. Among them, Liquid Instruments secured the most recent funding round in April, 2026.

Tessolve Semiconductor - 2026 Company Profile, Team, Funding, Competitors & Financials

Tessolve Semiconductor is an acquired company based in Bengaluru (India), founded in 2004 by Srini Chinamilli and Veerappan VV. It operates as a Provider of semiconductor engineering services. Tessolve Semiconductor has raised $241M in funding from investors like Qualcomm Ventures, JAFCO Asia and Reliance Venture Asset Management, with last known valuation of ₹*****. The company has 1494 active competitors, including 97 funded and 150 that have exited. Its top competitors include companies like Wadiz, Imec and Atomica.

Company Details

Provider of semiconductor engineering services. It covers silicon design, ASIC development, and PCB integration. The firm provides embedded system design, development, and testing solutions for a range of industries, enabling customers to move from concept to production. Its portfolio includes advanced process node design, test engineering, and turnkey ASIC solutions.

Website: www.tessolve.com
Social
Email ID: *****@tessolve.com, *****@tessolve.com, *****@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

$241M in 8 rounds

Latest Funding Round

PE, Sep 01, 2025, ₹*****

Last Known Valuation

₹***** as on Sep 25, 2026

Investors

Qualcomm Ventures & 19 more

Ranked

2^nd among 1494 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2026

Employee Count

3,100 as on Sep 30, 2026

Investment & Acquisitions

Dream Chip & 4 more

Similar Companies

Imec & 1366 more

Exit Details

Acquired by Hero Electronix (Apr 28, 2016)

View Tessolve Semiconductor's full profile

Tessolve Semiconductor is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
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 PRIVATE LIMITED CIN: U72300KA1993PTC034929 , India, Active	Jun 30, 1993	₹1,000+ Cr (As on Mar 31, 2026)	3019 (As on May 01, 2026)

Tessolve Semiconductor got acquired by Hero Electronix on Apr 28, 2016.

Click here to take a look at Tessolve Semiconductor's acquisition in detail

Tessolve Semiconductor has raised a total funding of $241M 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

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 01, 2025	8147315	PE	6322923	3410370	6641157	5678734
Apr 09, 2021	4377389	Series F	8196750	4230202	3286298	1643891
Feb 04, 2020	2836988	Series E	9956380	6806827	Mike Bartley	7983662

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View details of Tessolve Semiconductor's funding rounds and investors

The 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: Former 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
Veerappan VV	Team	-	Current	21y 10m
lmakznb	Team	-	Past	3y 5m
prdigrt	Team	-	Past	2y 6m
Ujjwal Munjal	Independent board member	-	Current	10y 4m
uxap{zn	Independent board member	-	Current	8y 7m
jrcxsin	Independent board member	-	Current	3y 3m
zmhxplw	Independent board member	-	Current	9y 9m
yowkyuw	Independent board member	-	Past	2y 8m
tumokte	Independent board member	-	Past	8y 5m
rb{grbu	Independent board member	-	Past	5y 9m
tlgrwxn	Independent board member	-	Past	2y 7m
tgaqohf	Independent board member	-	Past	8y 5m
nfvudut	Independent board member	-	Past	1y 3m

View details of Tessolve Semiconductor's Founder profiles and Board Members

Tessolve Semiconductor's employee count trend

Tessolve Semiconductor has 3,100 employees as of Sep 26. Here is Tessolve Semiconductor's employee count trend over the years:

Employee count trend for Tessolve Semiconductor

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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:

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	Smile Gate Investment, DS Investment Management ... & 14 others	76/100
2nd	Tessolve Semiconductor 2004, Bengaluru (India), Acquired	Provider of semiconductor engineering services	$241M	Qualcomm Ventures, JAFCO Asia & 18 others	73/100
3rd	Imec 1984, Leuven (Belgium), Funding Raised	Provider of semiconductor design and development services	-	Samsung Catalyst Fund, Flanders & 6 others	65/100
4th	Atomica 2000, United States, Series C	Manufacturer of MEMS, photonics, biochips, and sensors.	$30M	Cerium Technology, Military Health & 3 others	61/100
5th	Polymatech Electronics 2007, Kanchipuram (India), Acquired	Provider of semiconductor design and development services	$37.3M	Pesopie, Omas Securities & 89 others	60/100
6th	Liquid Instruments 2014, San Diego (United States), Series C	Reconfigurable test and measurement instruments for advanced research and development	$135M	Acorn Capital, Anzu Partners & 15 others	59/100
7th	SMART Photonics 2012, Eindhoven (Netherlands), Series D	Provides services for manufacturing photonic ICs	$244M	ING, NXP Semiconductors & 14 others	59/100
8th	DreamBigSemi 2019, San Jose (United States), Acquired	Provider of semiconductor manufacturing services	$75M	Samsung Catalyst Fund, Grandfull Fund & 9 others	57/100
9th	GSME 2021, San Jose (United States), Series B	GSME is a global provider of customized silicon solutions, specializing in RF design and power	$53M	Maverick Silicon, ITHCA	57/100
10th	Enthuse 2011, San Francisco (United States), Acquired	Cloud-based suite solutions for fundraising	$10.4M	Praetura Ventures, Bee Partners & 2 others	56/100

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Founders own 0.18%, Funds own 30.18%, Parent Entities (largest shareholder) own 53.13% and Enterprises own 8.27%. The net worth of Tessolve Semiconductor's founders is INR 9.56Cr as of Sep 25, 2026.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	0.18%	9.56Cr	0	0	0	0
Srini Chinamilli	0	0	0	0	0	0
Fund	30.18%	1,590Cr	5061868	5965731	6219919	9123788
Novo Tellus	1557553	3330420	8237613	8993489	9434176	9028418
Applied Materials	0	0	0	0	0	0
Qualcomm Ventures	0	0	0	0	0	0
Reliance Capital	0	0	0	0	0	0
Parent Entity	53.13%	2,800Cr	2952468	8061597	7911560	4066585
Enterprise	8.27%	436Cr	2970424	4225746	3229038	3959906
Angel	-	0	0	0	0	0
Other People	2.43%	128Cr	37	40	71	30
ESOP Pool	4.71%	248Cr	6756	5973	3664	3617
Other Investors	1.09%	57.3Cr	8	8	5	2
Total	100.00%	5,270Cr	9087987	2194889	6088910	4382451

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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.

Disclaimer

View more details of Tessolve Semiconductor's Shareholding

Tessolve Semiconductor has not made any investments yet. Tessolve Semiconductor has made 5 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Nov 06, 2024	Acquisition	Dream Chip	1990	Germany
Oct 27, 2022	Acquisition	P2F SEMI	2018	Bengaluru (India)
Aug 03, 2020	Acquisition	Dream Chip	1990	Germany

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See all acquisitions by Tessolve Semiconductor

Here is the latest report on Tessolve Semiconductor's sector:

Free

Semiconductor Design and Manufacturing Services - Sector Report

Edition: June, 2026 (63 Pages)

View all reports related to Tessolve Semiconductor

Media has covered Tessolve Semiconductor for a total of 15 events in the last 1 year, 8 of them have been about company updates and 2 about partnerships.