Best Analog and Mixed Signal ICs Companies in India
The 52 best Analog and Mixed Signal ICs companies in India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Ineda Systems.
India's Analog and Mixed Signal ICs sector doesn't get talked about the way software does, but the revenue filings tell a different story. Among the 52 companies we track, 26 have filed financials that together add up to a $253M combined revenue pool, and the median sits at $314,662 with 9% YoY growth. That's quiet, consistent earned income, not funding-round noise. Marvell India leads by a distance at $201M in revenue, growing 9% year-on-year, and its $24M net income is 111 times the sector median. So when you're sizing up this space, start there.
Funding is still early-stage. Total disclosed investment across all 52 tracked companies is $187M, with C2I Semiconductors leading at $19M and HrdWyr close behind at $13M. No unicorns yet. But the outliers beyond Marvell India are worth watching: Aura Semiconductor posted $13M in revenue at 31% growth, Saankhya Labs matched that revenue figure with 22% growth, and Cirel Systems hit $7M at a striking 73% clip, netting $3M, which is 12 times the sector median. I'd call that the most interesting data point in the set. The capital is modest, but the revenue trajectories in the top tier are anything but.
Ranked: Best Analog and Mixed Signal ICs companies in India
| # | Company | Revenue | Disclosed funding | Employees | Founded | Tech stack | Web popularity | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Connectwell Industries Connectwell manufactures terminal blocks, interface modules, professional tools, marking, engraving systems… | $42M FY2025 | — | 501 | 1978 | Apple iCloud MailMicrosoft 365Node.js+20 | Top 1M | — | 1 job opening · 1 launch |
| 2 | Aura Semiconductor RF and ASIC solutions provider | $14M FY2025 | $6M | 116 116 → 156 (+34%) | 2011 | Javaparticles.jsApache HTTP Server+3 | Top 5M | 28 patents Patents concentrated in electrical & electronics | — |
| 3 | Saankhya Labs Provider of software defined radio based modules for video and data communication | $13M FY2024 | $19M | 124 | 2007 | — | — | 95 patents Patents concentrated in electrical & electronics | — |
| 4 | Semtronics Micro Systems Manufacturer of power management ICs | $10M FY2025 | $136K | 73 | 2010 | — | — | — | — |
| 5 | Pradhi Semi Developer of semiconductor intellectual property blocks and advanced system in package | $7M FY2025 | — | — | 2022 | — | — | — | — |
| 6 | SteradianSemi Manufacturer of microcontrollers, microprocessors, analog, power, and connectivity solutions | $6M FY2025 | $5M | 48 | 2016 | Facebook LoginGoogle MapsVimeo+10 | Top 50M | — | — |
| 7 | Power Palazzo Manufacturer of LED drivers, components, SMD, COB LEDs, and MCPCB solutions | $4M FY2025 | — | — | 2008 | WordPress Block EditorElementorWordPress+31 | Top 10M | — | — |
| 8 | MMRFIC Developer of custom radio frequency integrated circuits and system solutions 60Innovation top 32%Growth top 32%Talent top 38%Fin. health top 39% All 12 signals ▾Innovationtop 32% Growthtop 32% Talenttop 38% Fin. healthtop 39% Moattop 39% AItop 45% Productbottom 47% Marketbottom 43% Fundingbottom 41% Techbottom 34% Globalbottom 32% Newsbottom 22% Innovation: 2 product lines · Deep-tech classification: Tech Hardware Growth: Headcount 30 → 54 (+80%) across vintages · Revenue +29% YoY rank vs industry peers · Fliar Intelligence Index 60/100 | $2M FY2025 | $3M | 54 54 → 77 (+43%) | 2014 | Cart FunctionalityWooCommerceWordPress+17 | Top 10M | — | 1 job opening |
| 9 | Numato Provider of FPGA and automation solutions for industrial and home automation, offering USB, ethernet, and Wi… | $2M FY2025 | — | 55 | 2011 | Cart FunctionalityWooCommerceWordPress+28 | Top 5M | — | — |
| 10 | VerveSemi Developer of analog signal chain integrated circuits for multiple applications 57Talent top 28%Growth top 36%Moat top 40%Funding top 41% All 12 signals ▾Talenttop 28% Growthtop 36% Moattop 40% Fundingtop 41% Producttop 43% AItop 45% Fin. healthtop 45% Innovationtop 46% Newstop 48% Marketbottom 43% Techbottom 39% Globalbottom 32% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Growth: Headcount 28 → 38 (+36%) across vintages · Revenue +11% YoY rank vs industry peers · Fliar Intelligence Index 57/100 | $2M FY2025 | $10M | 38 38 → 45 (+18%) | 2017 | PleskWindows ServerMicrosoft ASP.NET+14 | Top 10M | — | — |
| 11 | Tinymesh Provider of mesh wireless network solution for IoT | $2M FY2023 | $699K | 12 | 2011 | — | — | — | — |
| 12 | SiliConch Provider of intellectual property cores for ICs | $2M FY2025 | $3M | 41 | 2016 | — | — | — | — |
| 13 | Fermionic Design High-performance RF silicon IC company for mission-critical radar and communication systems for global market 27Talent top 28%Moat top 44%Tech bottom 48%Funding bottom 47% All 9 signals ▾Talenttop 28% Moattop 44% Techbottom 48% Fundingbottom 47% Growthbottom 39% Marketbottom 38% Newsbottom 38% Globalbottom 37% Fin. healthbottom 33% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Moat: Top 39% by revenue among 23 tracked Analog and Mixed Signal ICs companies · Editorial + unicorn rating 4/10 rank vs industry peers · Fliar Intelligence Index 27/100 | $2M FY2025 | $2M | 29 29 → 34 (+17%) | 2020 | Node.jsGoogle MapsUbuntu+9 | Top 50M | — | 1 launch |
| 14 | Gigacom Semiconductor Semiconductor analog and mixed signal IP company focused on high speed serial interfaces | $784K FY2019 | — | 54 | 2012 | — | — | — | — |
| 15 | Leelavati Automation Manufacturer and supplier of sensors, timers and switches | $498K FY2025 | — | — | 1990 | — | — | — | — |
| 16 | Cirel Systems Provider of power management ICs | $482K FY2025 | $5M | 1 | 2013 | — | — | 19 patents Low‑power single‑wire serial interfaces and adaptive signal processing for MEMS stylus sensors | — |
| 17 | Signalchip Innovations Provider of system-on-chip (SoC) solutions for communication technologies | $339K FY2025 | $7M | 43 43 → 54 (+26%) | 2010 | WordPressMySQLPHP+17 | Top 10M | 49 patents RF front‑end signal processing and channel estimation for wireless, GNSS, and radar systems | — |
| 18 | Ineda Systems Low power computing device for wearables | $318K FY2025 | $80M | 47 | 2011 | — | — | 84 patents Patents concentrated in computing, sensing & instrumentation | — |
| 19 | Struent Semiconductors Provider of semiconductor chips and solutions for advanced products | $312K FY2025 | — | — | 2021 | PleskMicrosoft ASP.NETBootstrap+13 | Top 10M | — | — |
| 20 | Aheesa Provider of ASIC and embedded hardware designing services | $300K FY2024 | — | 26 26 → 38 (+46%) | 2021 | WordPressMySQLPHP+25 | Top 10M | — | — |
| 21 | Morphing Machines Developer of reconfigurable embedded processor IP and related system solutions 42News top 25%Talent top 28%Growth top 32%Tech top 35% All 12 signals ▾Newstop 25% Talenttop 28% Growthtop 32% Techtop 35% Fundingtop 39% Patentstop 40% Moattop 41% Innovationtop 49% Productbottom 48% Globalbottom 40% Marketbottom 30% Fin. healthbottom 18% News: 8 BI events in 12 mo (of 13 tracked, 2 types) · +167% YoY Talent: 4 named leaders on record · 4 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 42/100 | $275K FY2025 | $3M | 20 | 2006 | Cart FunctionalityWixSentry+14 | Top 10M | 15 patents Patents concentrated in computing, sensing & instrumentation | — |
| 22 | HrdWyr Manufacturer of intelligent edge system on chip hardware for processing 69Growth top 12%AI top 30%Funding top 33%Talent top 38% All 9 signals ▾Growthtop 12% AItop 30% Fundingtop 33% Talenttop 38% Fin. healthtop 46% Globalbottom 45% Marketbottom 42% Moatbottom 39% Techbottom 37% Growth: Revenue +1720% YoY · Fresh capital in last 24 mo AI: Classified as an AI company · Product described with: machine learning rank vs industry peers · Fliar Intelligence Index 69/100 | $208K FY2025 | $13M | — | 2023 | BootstrapGSAPMicrosoft 365+8 | Top 50M | — | — |
Top 12 Analog and Mixed Signal ICs companies in India
#1
Series A · Bengaluru, Karnataka · founded 2024$19Mraised▾
Developer of power management integrated circuits for performance and integration needs. The company focuses on addressing industry power design requirements with intelligent solutions. It designs mixed-signal analog and embedded CPU-based digital power integrated circuits. The company's leadership team has experience in power semiconductor systems, mixed-signal design, and embedded systems.
- Feb 2026Series A$15M
- Oct 2024Series A$4M
#2
Series A · Bengaluru, Karnataka · founded 2023$13Mraised▾
Manufacturer of intelligent edge system on chip hardware for processing. These integrated circuits combine real-time data computation with machine learning capabilities to facilitate adaptive decision-making at the device level. The hardware architecture supports parallel processing and power management to enable localized data analysis across industrial, mobility, and infrastructure applications. By performing computations closer to the data source, the technology reduces the need for centralized processing and minimizes operational complexity in connected environments.
- May 2026Series A$13M
#3
Series A · Noida, Uttar Pradesh · founded 2017 · 38 employees$10.1Mraised▾
Developer of analog signal chain integrated circuits for multiple applications. These integrated circuits bridge physical and digital systems with precision. Standard products include analog front ends, digital signal controllers, and analog SOCs. Technology integrates machine learning to enhance signal processing, enabling real-time self-healing and fail-safe mechanisms.
- Jan 2026Series A$10.1M
#4
Series A · Bengaluru, Karnataka · founded 2006 · 20 employees$2.9Mraised▾
Developer of reconfigurable embedded processor IP and related system solutions. The company focuses on enabling customers to build energy-efficient, high-performance systems. Its semiconductor IP, systems, and solutions can be licensed to customers. The company’s technology aims to provide flexible computing for emerging application segments.
- Apr 2026Series A$4.4M
- Sep 2025Series A$4.3M
- Jun 2024Seed$2.8M
- Dec 2023Seed$99.7K
#5
Seed · Bengaluru, Karnataka · founded 2024$3Mraised▾
Developer of integrated circuits, microprocessors, and custom system-on-chip designs. It develops full‑stack SoC and IC designs rather than manufacturing wafers itself. The company is building a surveillance‑oriented SoC targeting enterprise and consumer surveillance cameras, emphasizing performance, manageability, and flexible system‑design options.
- May 2026Seed$6M
- Apr 2026Seed—
- Aug 2024Seed$3M
#6
Seed · Bengaluru, Karnataka · founded 2023$1.6Mraised▾
Developer of semiconductor products, software, and systems for wireless technologies. It focuses on creating solutions for advanced connectivity, computing, and security. It develops intellectual property for wireless technologies. It provides secure wireless communication systems.
- Nov 2025Seed$293K
- Mar 2025Seed$1.2M
- Oct 2024Angel$1.4M
- Apr 2024Seed$1.4M
#7
Seed · Bengaluru, Karnataka · founded 2012 · 26 employees$1.6Mraised▾
Developer of computing solutions for high-performance computing and AI workloads. The company provides products and warranty services. It serves industries including life science, oil and gas, automotive, aerospace, smart city, industrial IOT, and weather and climate.
- Apr 2025Seed$1.1M
- Jan 2024Seed$144.4K
- Mar 2022Seed$172.2K
- Nov 2021Seed$687.1K
#8
Seed · Bengaluru, Karnataka · founded 2014 · 54 employees$2.9Mraised▾
Developer of custom radio frequency integrated circuits and system solutions. The company provides design and manufacturing for mission-critical networks and millimeter-wave technology. Services include RF and mm-Wave solutions, ML and AI driven solutions, and MMIC and RF SOC design. The company supports clients from conception to prototype.
- Sep 2024Seed$2.4M
- Mar 2023Seed$2.4M
- Sep 2022Angel$122.4K
- Apr 2021Angel$68K
#9
Seed · Bengaluru, Karnataka · founded 2020 · 29 employees$2.4Mraised▾
High-performance RF silicon IC company for mission-critical radar and communication systems for global market. FermionIC develops architecturally differentiated RF silicon for next-generation radar, satcom, and secure communication platforms. Focused on high-frequency X, Ku and Ka-band systems, Fermionic builds tightly integrated beamformer and front-end ICs that enhance system-level performance, efficiency, and scalability. Operating on a capital-efficient fabless model with end-to-end silicon ownership, it addresses structurally growing global defense and space markets where performance, reliability, and trusted supply chains are critical.
- Sep 2024Seed$6M
- Oct 2022Grant (prize money)—
#10
Seed · Chennai, Tamil Nadu · founded 2024 · 13 employees$5Mraised▾
Manufacturer of power semiconductors, integrated power systems, and connectivity solutions. The company provides components such as MOSFETs, DC-DC converters, and low dropout regulators. It also offers traction solutions, solid-state relays, and vehicle control units. Furthermore, the company designs and builds instrumentation clusters and connectivity modules for various applications. These products serve sectors including electric vehicles, solar energy, industrial automation, and consumer electronics.
#11
Acqui-Hired · Hyderabad, Telangana · founded 2011 · 47 employees$80.2Mraised▾
Ineda Systems develops low power SOCs for use in both consumer and enterprise applications. It has designed 'Dhanush' wearable processing unit, a wearable SOC that addresses all the needs of the wearable device market. It features Hierarchical Computing that allows applications and tasks to run at the right power optimized performance and memory footprint and has an always-on sensor hub optimized for wearable devices. Claims that its system lasts for 30 days on an always-on battery. Has offices in Santa Clara, USA and Hyderabad, India.
- Apr 2015Series B$15.3M
- Aug 2014Series B$19.9M
- Apr 2014Series B$17M
- Apr 2013Series A$9M
#12
Acquired · Bengaluru, Karnataka · founded 2007 · 124 employees$18.6Mraised▾
Saankhya Labs is an Intel Capital backed supplier of software defined demodulation IC solutions for universal digital TV, analog TV, radio, and other broadcast media. The demodulator finds its applications in TV, TV dongles, tablet devices, surveillance & automotive. Its SL100x Universal TV demodulator chip has been nominated as one of the finalists for the prestigious ACE awards instituted by UBM.
- Feb 2020Series B$6.3M
- Nov 2017Series A$3M
- Sep 2016Series A—
- Dec 2015Angel$75.4K
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Analog and Mixed Signal ICs coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.