When was Tessolve founded?

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

Where is Tessolve located?

Tessolve 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?

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

Which legal entities is Tessolve associated with?

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

How many employees does Tessolve have?

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

Is Tessolve a funded company?

Tessolve 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 worth?

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

When was the latest funding round of Tessolve?

Tessolve's latest funding was a $***** PE round on Oct 11, 2026, with participation from 2 investors.

What is the annual revenue of Tessolve?

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

Where does Tessolve rank among its competitors?

Tessolve ranks 1st amongst 1077 active competitors, of which 36 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?

Tessolve's top competitors include Moschip, VVDN Technologies and Alchip Technologies. Among them, Tessolve secured the most recent funding round in October, 2026.

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

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.
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 1077 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

Moschip & 1126 more

Exit Details

Acquired by Hero Electronix (Apr 28, 2016)

View Tessolve's full profile

Tessolve 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, 2026)	185 (As on May 01, 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 got acquired by Hero Electronix on Apr 28, 2016.

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

Tessolve 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 has 12 institutional investors and 8 angel investors.

Here is the list of recent funding rounds of Tessolve:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 11, 2026	1902313	PE	7876339	8689816	9313386	2645807
Sep 01, 2025	8265067	PE	2319725	9421015	1463577	TPG
Apr 09, 2021	6669256	Series F	3220040	3173340	Novo Tellus	5285058

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View details of Tessolve's funding rounds and investors

The founders of Tessolve are Srini Chinamilli and Veerappan VV. Srini Chinamilli is the CEO of Tessolve.

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

Srini Chinamilli: Co-Founder & CEO of Tessolve. They serve on the board of 1 company.
Contact Info: 1 email address
Veerappan VV: Former Co-Founder & President of Tessolve. They serve on the board of 1 company.

Tessolve's Board of Directors

Tessolve'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's board of directors:

Name	Type	Representing	Status	Duration
Veerappan VV	Team	-	Current	22y 0m
wkzwpdw	Team	-	Past	3y 8m
{qdxkcg	Team	-	Past	9y 9m
Ujjwal Munjal	Independent board member	-	Current	10y 7m
vgkkvkk	Independent board member	-	Current	3y 6m
pkwzlch	Independent board member	-	Current	6y 8m
lnajqpa	Independent board member	-	Current	4y 6m
{b{lykw	Independent board member	-	Past	6y 3m
amywrnn	Independent board member	-	Past	9y 6m
kzpewrm	Independent board member	-	Past	5y 3m
ufrrswk	Independent board member	-	Past	5y 2m
wdjmsx{	Independent board member	-	Past	1y 4m
ohmavrk	Independent board member	-	Past	6y 8m

View details of Tessolve's Founder profiles and Board Members

Tessolve's employee count trend

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

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Top competitors of Tessolve include Moschip, VVDN Technologies and Alchip Technologies. Here is the list of Top 10 competitors of Tessolve, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Tessolve 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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TESSOLVE SEMICONDUCTOR PRIVATE LIMITED, the legal entity associated with Tessolve, generated more than ₹1,000 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of TESSOLVE SEMICONDUCTOR PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 33% 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	5055	4909	7401	3324	5508
Total Sales	6154	9746	5104	3728	8566
Total Expenses	1539	2792	4053	9538	5166
Operating Expenses	1158	8761	7839	5676	6785
Employee Expenses	9373	4157	4578	7405	6695
Operating Income (EBIT)	2723	1444	9002	2656	3213
Interest Expenses	1724	2239	9564	8130	6687
Expenses from other activities	4159	9054	8618	8838	8896
Information Technology Expenses	3403	8442	6695	7966	1779
EBITDA	5012	5818	8952	3667	1503
Taxes	3553	9192	4664	4843	3081
Net Profit	4367	8340	5644	6528	9487
Balance Sheet
Assets	4808	8386	9563	2132	9613
Cash Equivalent	1447	1934	5569	8872	4666
Accounts Receivables	6262	3080	3310	7207	9100
Inventory	6700	4132	2994	5586	7617
Liabilities	9405	7801	5976	4129	7896
Total Debt	2711	2985	2821	6357	4825
Accounts Payable	3001	2921	8224	7206	1736
Equities	6543	4032	4491	6543	2703
Cashflow Statement
Cash from Operating activities	5659	4022	7000	8602	5688
Cash from Investing activities	4281	2886	2678	2681	2800
Net cash from Financing activities	2994	3809	1650	2561	9850

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

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'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.

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	6950504	7859105	5827305	1927254
Novo Tellus	7834076	6662305	1126680	6039862	5157052	8966520
Applied Materials	0	0	0	0	0	0
Qualcomm Ventures	0	0	0	0	0	0
Parent Entity	53.13%	2,800Cr	1685639	3978610	6398239	2895240
Enterprise	8.27%	436Cr	4677534	8967673	3378766	2457981
Angel	-	0	0	0	0	0
Other People	2.43%	128Cr	97	71	61	46
ESOP Pool	4.71%	248Cr	9356	1916	5850	2018
Other Investors	1.09%	57.3Cr	2	6	4	7
Total	100.00%	5,270Cr	5680772	5123652	2101459	1028424