Tessolve Aims for ₹2,000 Crore Revenue by Next Year, Expands Global Operations
Tessolve plans to reach ₹2,000 crore in revenue by next year, doubling its previous revenue milestone. The company has secured $150 million from TPG for acquisitions and platform enhancement. Recent acquisition of Germany's Dream Chip Technologies for ₹400 crore bolsters its position in the semiconductor sector. With India's semiconductor ambitions under ISM 2.0, Tessolve is enhancing its engineering capabilities and expanding operations in the US and Europe, while aiming for over 20% growth and hiring several hundred engineers annually.
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Tessolve targets ₹2,000 crore in revenue by next year, building on its previous ₹1,000 crore milestone. The company has raised $150 million from TPG for acquisitions and strengthening its engineering platform, including last year's acquisition of Dream Chip Technologies in Germany for ₹400 crore.
With India's semiconductor growth under ISM 2.0, Tessolve is enhancing its engineering capabilities, focusing on AI-related sectors and indigenization of semiconductor chips. The firm plans over 20% growth this year and will expand its workforce in India, the US, and Europe.
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