1 year ago
Tessolve Secures $150 Million Investment from TPG Growth
Tessolve, a company that helps design and test computer chips, received a $150 million investment from TPG Growth.
This money will help Tessolve grow by acquiring other companies, building more testing labs, and improving their services worldwide.
Tessolve has grown from $25 million in revenue in FY16 to over $150 million in FY25 and works with major semiconductor firms.
This investment helps them become a key player in the semiconductor industry.
Tessolve, a semiconductor engineering services provider, secured $150 million from TPG Growth.
The investment will be used for acquisitions, expanding test labs, and strengthening global delivery centers.
Tessolve's revenue increased to over $150 million in FY25.
The company has 11 semiconductor test and embedded labs globally.
Tessolve has partnered with 18 of the world’s top 20 semiconductor firms.
- Who
- Tessolve, a semiconductor engineering services company, secured an investment from TPG Growth.
- What
- Tessolve raised $150 million from TPG Growth.
- Where
- Bengaluru, India.
- When
- Published on September 1, 2025.
- Why
- The investment will be used to strengthen global delivery centers, expand test labs, and accelerate strategic acquisitions.
Key facts
- Company
- Tessolve
- Investor
- TPG Growth
- Investment Amount
- $150 million
- Purpose of Investment
- Strengthen global delivery centers, expand test labs, and acquisitions
- Founded
- 2004
- Revenue (FY25)
- Over $150 million
- Employees
- Over 3,000 engineers
Quotes
Ujjwal Munjal
Vice Chairman, Hero Electronix and Chairman, Tessolve
“This investment is a significant milestone for Tessolve and a testament to Hero Electronix’s vision to build leading technology ventures of global scale from India.”
thehindubusinessline.com
“I would like to congratulate and thank the entire Tessolve team for its unwavering commitment which has made this milestone possible.”
thehindubusinessline.com
Srini Chinamilli
Co-Founder & CEO, Tessolve
“Over the past couple decades, Tessolve has built deep capabilities throughout the semiconductor engineering value chain, from chip architecture, to design, test development and embedded systems.”
thehindubusinessline.com
“We are excited to welcome TPG as a partner as we look to accelerate our next phase of organic and inorganic growth, strengthen our R&D efforts, and reach new heights.”
thehindubusinessline.com
Bhushan Bopardikar
Business Unit Partner at TPG Growth
“Over the years, Tessolve has grown from a test engineering lab to a full-scale semiconductor engineering services provider, with end-to-end capabilities across the semiconductor value chain.”
thehindubusinessline.com
“As a partner-of-choice for many of the world’s fast growing, tech-forward organisations, we are excited to partner with Srini and his team and have Tessolve among our portfolio of innovative tech businesses.”
thehindubusinessline.com
