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 $288M across 9 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 Oct 11, 2026, with participation from 2 investors.

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 1st amongst 1076 active competitors, of which 35 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Tessolve Semiconductor, which secured $75M in Oct, 2026.

Who are the top competitors of Tessolve Semiconductor?

Tessolve Semiconductor's top competitors include Moschip, VVDN Technologies and Alchip Technologies. Among them, Tessolve Semiconductor secured the most recent funding round in October, 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 $288M in funding from investors like Qualcomm Ventures, JAFCO Asia and Reliance Venture Asset Management, with last known valuation of ₹*****. The company has 1076 active competitors, including 35 funded and 64 that have exited. Its top competitors include companies like Moschip, VVDN Technologies and Alchip Technologies.

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

$288M in 9 rounds

Latest Funding Round

PE, Oct 11, 2026, $*****

Last Known Valuation

₹***** as on Sep 25, 2026

Investors

Qualcomm Ventures & 19 more

Ranked

1^st among 1076 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	Reports
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 $288M over 9 rounds. Its first funding round was on Mar 31, 2007. Its latest funding round was a PE round on Oct 11, 2026 for $*****. 2 investors 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
Oct 11, 2026	4670326	PE	2803724	3036946	3892223	4699505
Sep 01, 2025	5083229	PE	8941348	8073987	7716375	TPG
Apr 09, 2021	8859062	Series F	8639913	1159759	Novo Tellus	1230207

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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
zjcriiu	Team	-	Past	8y 4m
cbgfstm	Team	-	Past	7y 3m
Ujjwal Munjal	Independent board member	-	Current	10y 4m
wrknlyb	Independent board member	-	Current	7y 7m
vwwvohw	Independent board member	-	Current	6y 5m
{aeyjhy	Independent board member	-	Current	5y 2m
lypfhdx	Independent board member	-	Past	6y 6m
d{bitnk	Independent board member	-	Past	6y 7m
uqogtwo	Independent board member	-	Past	2y 7m
afvytbp	Independent board member	-	Past	3y 6m
nktauhj	Independent board member	-	Past	2y 8m
iuidmae	Independent board member	-	Past	3y 2m

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 Moschip, VVDN Technologies and Alchip Technologies. 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	Tessolve Semiconductor 2004, Bengaluru (India), Acquired	Provider of semiconductor engineering services	$288M	Qualcomm Ventures, JAFCO Asia & 18 others	73/100
2nd	Moschip 1999, Hyderabad (India), Public	Semiconductor design service provider	-	Ventureast, Mouri Tech & 5 others	62/100
3rd	VVDN Technologies 2007, Gurugram (India), Series D	Provider of product engineering, electronics manufacturing, and software solutions	$129M	Napino, Motilal Oswal Private Equity & 25 others	59/100
4th	Alchip Technologies 2003, Taipei (Taiwan), Public	Design and manufacturing services for semiconductor companies developing system-on-chip designs	$7.5M	Investar Capital, Smac Partners & 4 others	58/100
5th	ASM Technologies 1992, Bengaluru (India), Public	Provider of outsourced IT infrastructure services	-	-	57/100
6th	eInfochips 1996, Ahmedabad (India), Acquired	Provider of product engineering, process automation, IT advisory, software development, and other services	-	Gujarat Venture Finance	56/100
7th	Signoff Semiconductors 2015, Bengaluru (India), Unfunded	Provider of end-to-end design services for integrated circuits and embedded systems	-	-	55/100
8th	SmartSoC 2016, Bengaluru (India), Acquired	Offers electronic manufacturing and designing services	-	-	55/100
9th	SkyeChip 2019, Bayan Lepas (Malaysia), Public	Provider of IP and ASIC design solutions, NPI engineering, and HVM enablement	$11.6M	Lion X Ventures, InterVest & 4 others	55/100
10th	EnSilica 2001, Wokingham (United Kingdom), Public	Developer of custom analog, mixed signal and digital ICs	-	Vela Technologies, Caple	53/100

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Looking for more details on Tessolve Semiconductor's competitors? Click here to see the top ones

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. The cap table displayed below is for TESSOLVE SEMICONDUCTOR PRIVATE LIMITED which is the legal entity associated with Tessolve Semiconductor.

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	6013840	8876184	8331945	9241704
Novo Tellus	6756584	2414192	9683420	3333163	2877246	6645161
Applied Materials	0	0	0	0	0	0
Qualcomm Ventures	0	0	0	0	0	0
Parent Entity	53.13%	2,800Cr	8705144	6181896	2809361	7988866
Enterprise	8.27%	436Cr	8685681	1429894	9622674	3350135
Angel	-	0	0	0	0	0
Other People	2.43%	128Cr	66	49	46	33
ESOP Pool	4.71%	248Cr	9255	2663	3631	5388
Other Investors	1.09%	57.3Cr	2	2	8	1
Total	100.00%	5,270Cr	9217712	6266688	9078653	8394601

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

Disclaimer

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

Here is the list of latest three $acquisitions:

Filter this list

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 17 events in the last 1 year, 8 of them have been about company updates and 2 about people movement.