Top 10 Semiconductor Companies in India

India’s semiconductor industry is crucial for supporting the country’s burgeoning electronics manufacturing, defense, energy, and IT sectors. Some top Indian and multinational companies play significant roles in semiconductor manufacturing, power electronics, design services, and engineering solutions. 

What are Semiconductors?

Semiconductors are materials that have electrical conductivity between a conductor (like copper) and an insulator (like rubber).
This means — they can conduct electricity partially, and their ability to conduct can be controlled by adding impurities (a process called doping) or by changing temperature, light, or voltage.

Common Semiconductor Materials:

• Silicon (Si) – Most widely used
  
• Germanium (Ge)
  
• Gallium Arsenide (GaAs)
  
• Silicon Carbide (SiC)

Common Semiconductor Devices:

List of Top 10 Semiconductor Companies in India

Here is a detailed look at the top 10 semiconductor companies operating in India:

1. Bharat Electronics Limited (BEL)

BEL is a Navratna PSU under the Ministry of Defence, known for manufacturing state-of-the-art electronic products for the defense sector. It offers Electronic Design Manufacturing services and develops sophisticated semiconductor components for defense electronics and communication systems. BEL is a key player fostering semiconductor capabilities in India with government backing.

• Founder: Established by the Government of India in 1954 in Bangalore
• CEO: Sudhakar Rao Karnam (CMD)
• Net Worth: BEL reported a net income of around ₹5,322 crore in 2025
• Market Value: Approx ₹80,818 crore (as of 2025)

2. CG Power and Industrial Solutions Limited

CG Power has a semiconductor division through its joint venture CG Semi Private Limited, focusing on building semiconductor manufacturing capabilities in India. They aim to promote an integrated ecosystem for power semiconductor devices that serve industrial and energy sectors.

• Founder: Originated from CG Electric Limited in the 1930s, now a diversified conglomerate
• CEO: Subramanian Sundaram
• Net Worth: Market capitalization stands around ₹1,19,364 crore as of 2025
• Market Value: ₹1,19,364 crore

3. Hitachi Energy India Limited

Hitachi Energy offers a diverse portfolio of power semiconductors including Gate Turn-Off Thyristors (GTOs), Insulated-Gate Bipolar Transistors (IGBTs), integrated gate-commutated thyristors (IGCTs), thyristors, and diodes across various power ratings. Their advanced power semiconductor technologies are used in utilities, transport, and industrial applications.

• Founder: Hitachi Energy was formed through the merger of ABB’s Power Grids business with Hitachi
• CEO: Nuguri Venu
• Net Worth: Company valuation approximates ₹78,001 crore
• Market Cap: ₹78,001 crore (2025)

4. V Guard Industries Limited

V Guard, primarily known for electrical appliances, manufactures voltage stabilizers, inverters, and inverter batteries involving semiconductor components critical for power management. The company contributes to semiconductor device application in consumer electrical products.

• Founder: Kochouseph Chittilappilly
• CEO: Kochouseph Chittilappilly (Chairman), Mithun Chittilappilly (MD & CEO)
• Market Cap: ₹15,273 crore
• Net Worth: Operating strong with significant brand equity in electrical appliances and semiconductor applications in voltage stabilizers and inverters.

5. Havells India Limited

Havells, a leading manufacturer of electrical equipment and home appliances in India, extensively uses semiconductors in its product range like switches, cables, fans, and lighting solutions. Their modern electrical product manufacturing relies on semiconductor technologies for performance and efficiency.

• Founder: Qimat Rai Gupta acquired Havells in 1983 and led its transformation
• CEO: Anil Rai Gupta (Chairman & MD)
• Market Cap: ₹50,000 crore+ (approximate based on industry rank)
• Net Worth: Havells is a leading electrical goods conglomerate with semiconductor-based products powering its portfolio.

6. HCL Technologies Limited

HCL Tech is a pioneer in semiconductor engineering services, providing end-to-end design, verification, testing, and manufacturing engineering solutions across the IC manufacturing value chain. The firm supports semiconductor companies worldwide with its software and hardware expertise.

• Founder: Shiv Nadar (Founded HCL in 1976)
• CEO: C Vijayakumar
• Net Worth: Shiv Nadar’s personal net worth is estimated at $37.5 billion as of 2025, HCL as a company worth billions globally
• Market Cap: ₹4-5 lakh crore (approximate)

7. ABB India Limited

ABB India delivers power protection and conditioning solutions critical for semiconductor fabs and manufacturing setups. They provide highly reliable voltage output technologies ensuring stable power supply for semiconductor fabrication and processing units.

• Founder: ABB Group is a Swiss multinational; ABB India is local subsidiary
• CEO: Adrian Guggisberg (Chairman)
• Market Cap: ₹1,08,391 crore (approximate)

8. Vedanta

Vedanta, a major resource company, is increasingly investing in electronics and semiconductor materials production as part of its diversification strategy to support India’s semiconductor supply chain ecosystem. They focus on raw material sourcing necessary for semiconductor chip manufacturing.

• Founder: Anil Agarwal
• CEO: Ram Kishore Sinha (Interim CEO)
• Net Worth: Anil Agarwal’s net worth estimated around £8.5 billion (2020)
• Market Cap: ₹1+ lakh crore (for the overall Vedanta group)

9. Tata Elxsi

Tata Elxsi specializes in semiconductor design services and engineering solutions, including IC design, verification, and embedded systems development. They cater to global semiconductor and electronics manufacturers with high-tech design expertise.

• Founder: Tata Group (subsidiary)
• CEO: Manish Dedhia
• Market Cap: ₹15,000-20,000 crore (rough range)

10. Micron Technology

Micron Technology is a global leader in memory and storage semiconductor solutions with operations in India. Micron’s Indian facilities focus on R&D, design, and semiconductor technologies contributing to global product innovations.

• Founder: Originally founded by Ward Parkinson, Joe Parkinson, Dennis Wilson, and Doug Pitman (Micron Technology globally)
• CEO (Global Micron): Sanjay Mehrotra
• Market Cap: Micron Technology Inc. is globally valued at over $90 billion; Indian operations focus on R&D and design

Final Thoughts

These companies collectively contribute to the growing semiconductor industry in India by providing comprehensive capabilities from raw material sourcing, electronic manufacturing, power semiconductor devices, to IC design and engineering services. They play vital roles in bolstering India’s ambitions to become a semiconductor manufacturing hub and reduce dependency on imports.

Each company brings unique strengths spanning defense-grade electronics, industrial power devices, consumer electrical applications, cutting-edge IC design services, and integrated semiconductor ecosystems. The synergy between government support, private sector innovation, and multinational collaboration is underpinning India’s semiconductor growth story.

This robust mix of Indian public sector units, private enterprises, and multinational corporations makes India a promising frontier for semiconductor advancements in the years ahead.

If you are a manufacturer, packer, importer, seller, or distributor of any type of electronic device, you must obtain an LMPC Certificate to ensure smooth and hassle-free business growth.