Tessolve Fuels Global Semiconductor Ascent with $150M TPG Growth Investment
September 1, 2025, 3:33 pm
Tessolve, a leading semiconductor engineering firm, secured a substantial $150 million investment from TPG Growth. This critical funding will fuel strategic acquisitions, drive the aggressive expansion of advanced global test labs, and reinforce delivery centers worldwide. As a Hero Electronix venture, Tessolve has demonstrated explosive growth, escalating revenues from $25 million in FY16 to over $150 million by FY25. This pivotal investment firmly establishes Tessolve's global market leadership, solidifies its position as a key enabler across the semiconductor value chain, and significantly contributes to the robust development of the Indian semiconductor ecosystem, ensuring sustained innovation and market impact.
Bengaluru-based semiconductor engineering firm Tessolve has secured $150 million. TPG Growth, TPG Inc.'s growth equity platform, provided the capital. This significant investment targets aggressive expansion. It focuses on strategic acquisitions. It bolsters global delivery centers. It enhances advanced test lab capabilities.
The funding positions Tessolve for amplified market leadership. It accelerates the company's ambitious growth trajectory. Tessolve operates as an independent semiconductor engineering services entity. It is a venture of Hero Electronix. Hero Electronix acquired Tessolve in 2016. This acquisition marked its entry into the semiconductor sector.
Tessolve’s financial performance showcases remarkable ascent. Revenues surged from $25 million in fiscal year 2016. They now exceed $150 million in fiscal year 2025. This represents a six-fold increase in less than a decade. Such growth attracts significant institutional confidence. Singapore-based Novo Tellus Capital Partners previously invested $40 million in 2021. They remain a key shareholder. This demonstrates continued belief in Tessolve's long-term vision.
The new capital injection directly supports Tessolve's strategic objectives. Acquisitions will broaden the company's service portfolio. They will integrate new technologies. They will expand market reach. Enhancing advanced test labs is crucial. These facilities are vital for chip validation. They ensure quality and performance. Strengthening global delivery centers improves efficiency. It allows seamless service across diverse regions.
Tessolve operates on a global scale. The company maintains 11 semiconductor test and embedded labs worldwide. It boasts a substantial engineering workforce. Over 3,000 engineers contribute to its global operations. These teams span multiple continents. Offices are located in India, the US, Germany, the UK, Singapore, and Malaysia. This widespread presence enables close collaboration with international clients.
The firm partners with industry giants. It collaborates with 18 of the top 20 semiconductor companies. This highlights its critical role in the global semiconductor value chain. Tessolve delivers comprehensive engineering solutions. Services range from chip architecture to design. They include test development and embedded systems. This holistic approach makes Tessolve indispensable.
The TPG Growth investment impacts the broader industry. It strengthens the Indian semiconductor ecosystem. India aims to become a global chip manufacturing hub. Companies like Tessolve are vital to this ambition. Their growth fuels innovation. It attracts further investment. It develops skilled talent. This deal reinforces India's position in global tech.
TPG’s involvement signals strong market confidence. TPG is a global alternative asset management firm. Its growth equity platform targets high-potential companies. Tessolve fits this profile perfectly. The partnership provides capital and strategic guidance. This combination facilitates accelerated organic and inorganic growth. It intensifies research and development efforts.
The semiconductor industry is dynamic. Demand for specialized engineering services continues to rise. Advanced chip designs require sophisticated validation. Complex embedded systems need expert integration. Tessolve stands at the forefront of these needs. Its expanded capabilities will meet increasing industry demands. It ensures the integrity and performance of next-generation chips.
Advisory roles in the deal were prominent. Jefferies served as the advisor to Tessolve and its shareholders. Rothschild acted as the financial advisor to TPG. These firms facilitated the complex transaction.
This investment is more than financial backing. It is a strategic endorsement. It validates Tessolve's business model. It recognizes its engineering prowess. It paves the way for future advancements. Tessolve aims for new heights. It seeks to solidify its position as a global leader. This capital infusion ensures that path forward. It drives innovation. It expands capacity. It secures market dominance in semiconductor engineering. The global chip industry watches closely. Tessolve's trajectory remains upward.
Bengaluru-based semiconductor engineering firm Tessolve has secured $150 million. TPG Growth, TPG Inc.'s growth equity platform, provided the capital. This significant investment targets aggressive expansion. It focuses on strategic acquisitions. It bolsters global delivery centers. It enhances advanced test lab capabilities.
The funding positions Tessolve for amplified market leadership. It accelerates the company's ambitious growth trajectory. Tessolve operates as an independent semiconductor engineering services entity. It is a venture of Hero Electronix. Hero Electronix acquired Tessolve in 2016. This acquisition marked its entry into the semiconductor sector.
Tessolve’s financial performance showcases remarkable ascent. Revenues surged from $25 million in fiscal year 2016. They now exceed $150 million in fiscal year 2025. This represents a six-fold increase in less than a decade. Such growth attracts significant institutional confidence. Singapore-based Novo Tellus Capital Partners previously invested $40 million in 2021. They remain a key shareholder. This demonstrates continued belief in Tessolve's long-term vision.
The new capital injection directly supports Tessolve's strategic objectives. Acquisitions will broaden the company's service portfolio. They will integrate new technologies. They will expand market reach. Enhancing advanced test labs is crucial. These facilities are vital for chip validation. They ensure quality and performance. Strengthening global delivery centers improves efficiency. It allows seamless service across diverse regions.
Tessolve operates on a global scale. The company maintains 11 semiconductor test and embedded labs worldwide. It boasts a substantial engineering workforce. Over 3,000 engineers contribute to its global operations. These teams span multiple continents. Offices are located in India, the US, Germany, the UK, Singapore, and Malaysia. This widespread presence enables close collaboration with international clients.
The firm partners with industry giants. It collaborates with 18 of the top 20 semiconductor companies. This highlights its critical role in the global semiconductor value chain. Tessolve delivers comprehensive engineering solutions. Services range from chip architecture to design. They include test development and embedded systems. This holistic approach makes Tessolve indispensable.
The TPG Growth investment impacts the broader industry. It strengthens the Indian semiconductor ecosystem. India aims to become a global chip manufacturing hub. Companies like Tessolve are vital to this ambition. Their growth fuels innovation. It attracts further investment. It develops skilled talent. This deal reinforces India's position in global tech.
TPG’s involvement signals strong market confidence. TPG is a global alternative asset management firm. Its growth equity platform targets high-potential companies. Tessolve fits this profile perfectly. The partnership provides capital and strategic guidance. This combination facilitates accelerated organic and inorganic growth. It intensifies research and development efforts.
The semiconductor industry is dynamic. Demand for specialized engineering services continues to rise. Advanced chip designs require sophisticated validation. Complex embedded systems need expert integration. Tessolve stands at the forefront of these needs. Its expanded capabilities will meet increasing industry demands. It ensures the integrity and performance of next-generation chips.
Advisory roles in the deal were prominent. Jefferies served as the advisor to Tessolve and its shareholders. Rothschild acted as the financial advisor to TPG. These firms facilitated the complex transaction.
This investment is more than financial backing. It is a strategic endorsement. It validates Tessolve's business model. It recognizes its engineering prowess. It paves the way for future advancements. Tessolve aims for new heights. It seeks to solidify its position as a global leader. This capital infusion ensures that path forward. It drives innovation. It expands capacity. It secures market dominance in semiconductor engineering. The global chip industry watches closely. Tessolve's trajectory remains upward.