Archive · 30 Sep 2026
Tessolve Widens Semiconductor Play With Design, Acquisitions and AI
Tessolve is a company that helps make and test computer chips.
It started with testing but now also helps design chips and build related electronics.
The company is growing because artificial intelligence, cars and data centres need more advanced chips.
It bought a German company called Dream Chip Technologies to strengthen its design work.
Tessolve now has more than 4,000 employees in 12 countries, with most of them in India.
It is considering two more purchases to gain new skills or enter new markets.
Its revenue increased, and it hopes to earn more than ₹2,000 crore in the current financial year.
The company is also considering a stock-market listing, although it has not begun formal preparations.
Tessolve has expanded from semiconductor testing into chip design, validation, embedded systems and related engineering services.
The company acquired Germany-based Dream Chip Technologies for about ₹400 crore in November 2024.
Tessolve is considering acquisitions in the United States and India to add capabilities and enter new markets.
Revenue rose to ₹1,526 crore in the financial year ended March 2026, and the company expects to exceed ₹2,000 crore in the current financial year.
AI chips and data-centre work account for at least 25% of Tessolve’s revenue, while the company is considering an eventual initial public offering.
- Who
- Tessolve, led by co-founder and chief executive Srini Chinamilli, is expanding its semiconductor engineering business.
- What
- The company is moving beyond testing into chip design, validation, embedded engineering and related services, while pursuing acquisitions.
- When
- Tessolve began operations in 2004, acquired Dream Chip Technologies in November 2024, and received TPG’s investment in September 2025.
- Where
- Tessolve operates across India, the United States, Germany, the Netherlands, Taiwan and Malaysia, with about 85% of employees based in India.
- Why
- Growth in artificial intelligence, automotive electronics and data-centre hardware is increasing demand for semiconductor design, testing and validation services.
- Employees
- More than 4,000 employees across 12 countries; about 85% are based in India.
- Dream Chip acquisition
- Acquired in November 2024 for around ₹400 crore.
- FY2026 revenue
- ₹1,526 crore in the financial year ended March 2026, compared with ₹1,157 crore in FY2025.
- Revenue target
- Tessolve expects to exceed ₹2,000 crore in the current financial year.
- AI and data centres
- Related work accounts for at least 25% of revenue.
- Ownership
- Hero Electronix holds 45%; Novo Tellus Capital Partners and TPG each hold 23%.
- Long-term target
- The company is targeting annual revenue above $500 million within three to four years.