📺 Stream EntrepreneurTV for Free 📺

Hero Group Establishes A Chip Centre In Bengaluru Tessolve, an engineering firm acquired by Hero group, is initiating a chip centre in Bengaluru

By BusinessEx Staff

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

On Tuesday, Hero Electronix, an electronic venture of Hero group, proclaimed that it has set up a semiconductor chip design center in Bengaluru. The center is primarily initiated by Hero group's acquired company, Tessolve. Tessolve is an engineering solution company and was acquired by Hero group in 2016.

Prioritizing The Needs Of Clientele

The primary cause of setting up the chip center is to meet the requirements of Tessolve's clients. The clientele of Hero group's subsidiary business comprises of global semiconductor companies which render strong impulsion to the chip design offerings as mentioned in the company's statement. P Raja Manickam, Tessolve Founder and CEO, said " It is an important milestone for the Tessolve team in our journey to become a chip design leader and is followed by the acquisition of Analog Semiconductors a year back to strengthen our analogue design capabilities." as reported by ET news. The founder further added that the center will help to reinforce the automotive company's capabilities as an end-to-end solutions partner and semiconductor engineering services leader. The automotive company made a statement adding that Bengaluru center will work in close association
with Tessolve other design centers to develop innovative chip solutions across verticals -- automotive,
server, graphics and mobile platforms, as reported by ET news.

A Startup To A Multimillion Company

Tessolve Semiconductor, which is presently procured by Hero Group, is originally a startup organization. The startup was initiated in 2004 and within a span of 10-11 years, it gleamed and grew manifold. The company was founded by P. Raja in 2004 and owing to first-rate engineering solutions, the company became renowned. The biggest turn in the entrepreneurial journey had come when Hero Group sought interest in Semiconductor enterprise and later, procured its shares. Gradually, Hero Group incremented its stake in a steady way and later, become the major stakeholder of the engineering company. In April 2016, Hero Group began its investing course in the engineering firm which steadily transformed into an official acquisition of Tessolve Semiconductor. In the following time, Tessolve Semiconductor merged with Hero Group's electronic branch named Hero MotoCorp.
Tessolve Semiconductor, the engineering firm, is based in Bengaluru. The company renders chip solutions, hardware solutions, software solutions and embedded solutions. What Had Enticed Hero Group Towards The Engineering Firm, Tessolve Semiconductors?

Hero Group is a renowned firm in the domestic market. Back in 2016, Hero Electronix was an emerging
electronic and technology arm of Hero Group

in the digital sector. The effective tools and engineering services of Tessolve Semiconductors drew industrialists' attention and the engineering firm soon became a partner of Hero Electronix. The engineering firm has been deemed highly experienced in developing test/product engineering, PCB designs, semiconductor design and systems design.

The expertise of the engineering firm helped Hero Electronix to become a major player in the digital sphere, as mentioned at HeroElectronix website.

This article was originally published by Jaspreet Kaur.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Devices

Gear up for Summer Camping with $22 Off This Power Bank Flashlight

Planning weekends outdoors this summer? Don't do it without this light.

Business News

Elon Musk Reveals His Tactics for Building Successful Companies, Including Sleeping Under His Desk and 'Working Every Waking Hour'

Musk shared the secrets on a podcast with Nicolai Tangen, CEO of the $1.6 trillion Norges Bank.

Devices

Stay Locked In and Accessible with These Open-Ear Headphones, Marked Down $40

These open-ear Bluetooth headphones sit on top of the ear, and are available for the best price online.

Business News

Jeff Bezos and Amazon Execs Used An Encrypted Messaging App to Talk About 'Sensitive Business Matters,' FTC Alleges

The FTC's filing claims Bezos and other execs used a disappearing message feature even after Amazon knew it was being investigated.

Devices

Get This Powerful Refurbished Lenovo Mini Desktop for Just $180 Through April 30

Get more for your money and breeze through business tasks with a robust A-grade refurbished mini desktop.