Tessolve Semiconductor Profile
Key Indicators
- Authorised Capital ₹ 108.60 Cr
- Paid Up Capital ₹ 108.22 Cr
- Company Age 31 Year, 9 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 73.00 Cr
- Satisfied Charges ₹ 7.50 Cr
- Revenue Growth 22.36%
- Profit Growth 76.64%
- Ebitda 47.76%
- Net Worth 2.85%
- Total Assets 12.62%
About Tessolve Semiconductor
Tessolve Semiconductor Private Limited (TSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 30 June 1993 and has a history of 31 years and nine months. Its registered office is in Bangaluru, Karnataka, India.
The Corporate was formerly known as Imperial Business Credits Private Limited. The Company is engaged in the Information Technology Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 108.60 Cr and a paid-up capital of Rs 108.22 Cr.
The company currently has active open charges totaling ₹73.00 Cr. The company has closed loans amounting to ₹7.50 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Tessolve Semiconductor Private Limited India are Raghavendra Jha as CFO and Shivapura Nikitha as Company Secretary. Srinivas Chinamilli, Loke San, Sunit Rikhi, and Five other members serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U72300KA1993PTC034929
- Company No.
034929
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
30 Jun 1993
- Date of AGM
23 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Information Technology
What products or services does Tessolve Semiconductor Private Limited offer?
Tessolve Semiconductor Private Limited offers a wide range of products and services, including Electrical & Electronic Test Devices, Panel Meters, Product Designing, PCB Design Services, Scientific Instruments, Laboratory Instruments, Product Prototyping Services, Product Engineering Service, Building Survey & Soil Investigation, Geotechnical Engineering.
Who are the key members and board of directors at Tessolve Semiconductor?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Srinivas Chinamilli  | Managing Director | 20-Aug-2019 | Current |
| Raghavendra Jha | CFO | 23-May-2023 | Current |
| Shivapura Nikitha | Company Secretary | 16-Apr-2024 | Current |
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ujjwal Munjal | Director | 06-Apr-2016 | Current |
Loke San  | Director | 09-Apr-2021 | Current |
Sunit Rikhi  | Director | 22-Jul-2021 | Current |
| Manorama Nagarajan | Director | 16-Aug-2022 | Current |
| Veerappan | Director | 28-Oct-2004 | Current |
| Nikhil Rajpal | Director | 23-Feb-2017 | Current |
Financial Performance of Tessolve Semiconductor.
Tessolve Semiconductor Private Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 22.36% increase. The company also saw a substantial improvement in profitability, with a 76.64% increase in profit. The company's net worth moved up by a moderate rise of 2.85%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Tessolve Semiconductor?
In 2024, Tessolve Semiconductor had a promoter holding of 90.86% and a public holding of 9.14%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Uv Energy Solutions Private LimitedVeerappan is a mutual person
Rockman Advanced Composites Private LimitedManorama Nagarajan, Ujjwal Munjal and 1 more are mutual person
Hero Motocorp LimitedSuman Munjal is a mutual person
Abi-Health Technologies Private LimitedVeerappan is a mutual person
Hero Electronix Private LimitedUjjwal Munjal, Nikhil Rajpal and 1 more are mutual person
Charges (Loans)
Open Charges
₹73.00 Cr
Satisfied Charges
₹7.50 Cr
Charges Breakdown by Lending Institutions
- Others : 30.00 Cr
- Citi Bank N.A. : 23.00 Cr
- The Hongkong And Shanghai Banking Corporation Limited : 8.00 Cr
- Hdfc Bank Limited : 6.00 Cr
- State Bank Of India : 6.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Oct 2024 | The Hongkong And Shanghai Banking Corporation Limited | ₹8.00 Cr | Open |
| 27 Mar 2024 | Hdfc Bank Limited | ₹6.00 Cr | Open |
| 02 Nov 2018 | Citi Bank N.A. | ₹23.00 Cr | Open |
| 12 Sep 2017 | Others | ₹30.00 Cr | Open |
| 03 Dec 2004 | State Bank Of India | ₹6.00 Cr | Open |
How Many Employees Work at Tessolve Semiconductor?
Tessolve Semiconductor has a workforce of 2485 employees as of Dec 18, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Tessolve Semiconductor, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Tessolve Semiconductor's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Tessolve Semiconductor
Recent activity within the organization
- Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 8.00 Cr registered on 07 Oct 2024 with Charge ID 100995116 was modified on 04 Nov 2024.
- Charges
A charge with Citi Bank N.A. of Rs. 23.00 Cr registered on 02 Nov 2018 with Charge ID 100222508 was modified on 10 Oct 2024.
- Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 8.00 Cr with Charge ID 100995116 was registered on 07 Oct 2024.
- Annual General Meeting
Tessolve Semiconductor Private Limited last Annual general meeting of members was held on 23 Aug 2024 as per latest MCA records.
- Director Appointment
Shivapura Nikitha was appointed as a Company Secretary was appointed as a Company Secretary on 16 Apr 2024 & has been associated with this company since 11 months 14 days .
- Balance Sheet
Tessolve Semiconductor Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Recent News, Updates & Announcement
- Hero Electronix buys TES DST India business | Mint.
The Hero Group's new division will focus on supporting design and manufacture of electronic products for global companies.
- Hero Electronix buys majority stake in Tessolve Semiconductor | Mint.
Hero Electronix official says it's a phase-wise acquisition and the firm will have a significant majority towards the end of the year.
Frequently asked questions
What is the Incorporation or founding date of Tessolve Semiconductor Private Limited?
Tessolve Semiconductor Private Limited was incorporated on 30 Jun 1993.
What is authorized share capital and paid-up capital of Tessolve Semiconductor Private Limited?
The authorized share capital of Tessolve Semiconductor Private Limited is ₹ 108.60 Cr and paid-up capital is ₹ 108.22 Cr.
Who are the current board members & directors of Tessolve Semiconductor Private Limited?
Currently 10 directors are associated with Tessolve Semiconductor Private Limited.
- Srinivas Chinamilli
- Loke Wai San
- Sunit Rikhi
- Raghavendra Jha
- Shivapura Nikitha
- Manorama Nagarajan
- Veerappan
- Ujjwal Munjal
- Nikhil Rajpal
- Suman Kant Munjal
What is the registered address of Tessolve Semiconductor Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Tessolve Semiconductor Private Limited is Plot No. 31/2 Phase Iielectronics City. Bangalore India, Karnataka, 560100.
What is the corporate identification number (CIN) and company number of Tessolve Semiconductor Private Limited?
The corporate identification number (CIN) of Tessolve Semiconductor Private Limited is U72300KA1993PTC034929 and the company number is 034929 as per Ministry of Corporate Affairs (MCA).
What is the official website of Tessolve Semiconductor Private Limited?
The Official website of Tessolve Semiconductor Private Limited is https://www.tessolve.com
What has been the recent revenue trend for Tessolve Semiconductor Private Limited?
According to the financial reports for the fiscal year 2024, the revenue trend for Tessolve Semiconductor Private Limited has risen by 22.36%.
How many employees does Tessolve Semiconductor Private Limited currently have?
As Per 2024 financial reports, 2485 employees are currently employed by Tessolve Semiconductor Private Limited.
What change has been observed in the net worth of Tessolve Semiconductor Private Limited, and by what percentage?
The financial reports for the fiscal year 2024 indicates that The net worth of Tessolve Semiconductor Private Limited has experienced an upsurge of 2.85%.
What are the total open charges for Tessolve Semiconductor Private Limited?
As per the financial statements for fiscal Year 2024, The total open charges for Tessolve Semiconductor Private Limited amount to ₹ 73.00 Cr.
When was the last Balance Sheet of Tessolve Semiconductor Private Limited filed with the ROC?
The most recent Balance Sheet for Tessolve Semiconductor Private Limited was filed with the ROC on 31 Mar 2024.
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