Cyient To Invest $100 Mn In Semiconductor Subsidiary

About a year after it announced plans to set up a new subsidiary to foray into the semiconductor space, engineering services provider Cyient announced the official launch of Cyient Semiconductors today. 

In an interview with CNBC-TV18, the Hyderabad-based tech company’s MD and executive director Krishna Bodanapu said that the company’s board has approved an investment of $100 Mn (a little over INR 860 Cr) in the subsidiary. Besides, the company has also received the board’s nod to seek external investments required during the course of business. 

The new subsidiary will focus on scaling application-specific integrated (ASIC) turnkey solutions for Cyient’s customers. 

As per the company’s filing with the BSE, Cyient Semiconductors is engaged in the business of providing high-performance, power-efficient silicon solutions across analog, mixed-signal, RF, and digital domains. Besides, the entity also supports the full chip lifecycle—from architecture to production—through both turnkey and design service models

The company said that it has appointed Suman Narayan as the CEO of Cyient Semiconductors.

“With the growing demand for high-performance semiconductor solutions, Cyient Semiconductors will play a crucial role in providing end-to-end ASIC turnkey and IC design services, supporting India’s journey toward self reliance in the semiconductor ecosystem,” Bodanapu said. 

Cyient Semiconductors leverages its parent experience of over 25 years in delivering ASIC turnkey solutions and semiconductor design services across industrial, data centre, automotive, and medical industries. 

MD Bodanapu, who is also the son of the company’s founder and ex-Nasscom chairman BVR Mohan Reddy, said that the subsidiary is already contributing 5% or $35 Mn to $40 Mn in revenue to the company’s top line. The semiconductor entity’s teams are set up across India, the US, Germany, Belgium, the Netherlands, and Taiwan.

Earlier on March 31, 2025, the tech company transferred its US-based semiconductor business, a German semiconductor subsidiary, and its semiconductor business in Belgium to Cyient Semiconductors for INR 24 Cr, INR 31.7 Cr and INR 197.1 Cr, respectively. 

Since its establishment in 1991, Cyient has been offering engineering servicing like mechanical engineering, embedded software & electronics, electrical engineering, plant engineering, manufacturing engineering, and network engineering to its clients. Headquartered in Hyderabad, the company has over 300 global customers across 22 countries. 

Shares of the tech company ended today’s trading session 2.8% higher than previous close at INR 1,153.80 on the BSE.