IndieSemiC
IndieSemiC is an Ahmedabad-based fabless semiconductor startup designing RF modules, RISC-V microcontrollers, and AI-enabled SoCs for IoT, surveillance, automotive, and industrial customers across India, the USA, and Europe.
- Company typePrivate
- Founded2022
- HeadquartersAhmedabad, India
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What IndieSemiC does
IndieSemiC Private Limited is an Ahmedabad-headquartered fabless semiconductor design startup that develops RF modules, System-in-Package (SiP) products, and System-on-Chip (SoC) devices for IoT, surveillance, automotive, and industrial applications. The company's product portfolio spans wireless connectivity modules supporting BLE, Wi-Fi, LoRa, GPS, and Zigbee protocols (including the ISC-nRF54L-SiP Series built on Nordic Semiconductor's nRF54L platform with Bluetooth 6.0, LE Audio, and Channel Sounding), an indigenous RISC-V based 32-bit microcontroller that has been taped out, and upcoming AI-enabled processors including Project ISC-R1 (a quad-core AI processor for automotive and surveillance with on-chip acceleration for camera, radar, and lidar fusion) alongside Vega-based dual-AI SoCs developed with C-DAC. The company also offers embedded design services spanning hardware, firmware, mechanical, and manufacturing support, and has launched development platforms such as the IoT Evolution Board co-developed with C-DAC.
IndieSemiC generates revenue primarily through hardware sales of RF modules and SoCs, supplemented by professional services for custom embedded product development and technical integration support. The go-to-market is sales-led and direct, with bulk order quotation-based pricing rather than a public price list, targeting enterprise OEMs, Tier-1s, and connected-device manufacturers across India, the USA, and Europe. Customer reach to date includes over 8,200 customers and 60,000 modules deployed, though FY2025 revenue was only $101,000 against a $47,000 loss, reflecting an early-stage, R&D-heavy operation. The company is bootstrapped and founder-owned (led by CEO Nikul Shah and co-founder Jinal Shah), with no disclosed institutional funding to date, and is preparing its first institutional round to finance chip tape-out, design team expansion, and production scaling toward a stated target of 5-10 million unit shipments across modules and SoCs by 2030.
IndieSemiC firmographics
Firmographics- Name
- IndieSemiC
- Legal name
- IndieSemiC Private Limited
- Website
- https://www.indiesemic.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- IndieSemiC is an Ahmedabad-based fabless semiconductor startup designing RF modules, RISC-V microcontrollers, and AI-enabled SoCs for IoT, surveillance, automotive, and industrial customers across India, the USA, and Europe.
- Ownership category
- akta.pro rank
IndieSemiC industry classification
Industry- Product category
- Fabless Semiconductor Design
- NAICS
- Other Communications Equipment Manufacturing (334290), Other Communications Equipment Manufacturing (33429)
- SIC
- Computer Communications Equipment (3576), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- System-on-Chip (SoC) Platforms (Mobile/Consumer/Embedded) (HDAHAJAC)
- akta.pro secondary industries
- RF Transceivers & RFIC SoCs (Cellular/Wi‑Fi/Bluetooth) (HDAHAMAE), Audio, Imaging & Multimedia SoCs (ISP/Codec/Display) (HDAHABAH), Embedded & Industrial Network Interfaces (PCIe/M.2/SOM/SoC NICs) (HDAFAEAI)
Keywords
Where IndieSemiC is headquartered
LocationHeadquarters
- HQ city
- Ahmedabad
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
IndieSemiC business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- RF Module Sales: Sale of wireless connectivity modules (BLE, WiFi, LoRa, GPS, Zigbee) and SiP modules to IoT device manufacturers and product companies
- SoC Product Sales: Sale of system-on-chip products including CCTV-specific SoCs and general-purpose microcontrollers for surveillance, drones, and industrial automation
- Embedded Design Services: Full-spectrum design services including hardware engineering, embedded engineering, mechanical design, firmware development, and manufacturing for custom embedded products
- Technical Support Services: Technical support for module integration including datasheets, reference designs, sample codes, email and call support for debugging
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Quote-based pricing for bulk IoT module orders |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
IndieSemiC product offering
Product offeringCore offering
IndieSemiC is a fabless semiconductor design company that develops wireless RF connectivity modules supporting BLE, WiFi, LoRa, GPS, and Zigbee, alongside System-on-Chip (SoC) and System-in-Package (SiP) modules, an indigenous RISC-V microcontroller, AI-enabled processors for vision and edge compute, and CCTV-specific SoCs. The company also delivers full-spectrum embedded design services including hardware engineering, embedded and firmware engineering, mechanical design, and manufacturing support for custom IoT, automotive, surveillance, defense, and industrial products.
Product overview
IndieSemiC is a fabless semiconductor startup specializing in RF modules and System-on-Chip (SoC) design for IoT and embedded applications. The product portfolio spans three main categories: (1) IoT RF Modules supporting BLE, Wi-Fi, LoRa, GPS, and Zigbee protocols; (2) SiP (System-in-Package) and SoC modules including Nordic-based BLE modules and indigenous RISC-V microcontrollers; and (3) upcoming AI processors including Vega-based dual-AI SoCs and Project ISC-R1 quad-core AI processor for automotive and surveillance. The company offers embedded design services for custom product development and has partnered with Nordic Semiconductor for certified wireless modules, Prizor Viztech for CCTV SoCs, and C-DAC for VEGA-based compute platforms.
Differentiator
Problem solved
Functional benefit
Products and services
- IoT RF Modules Wireless RF modules supporting BLE, Wi-Fi, LoRa, GPS, Zigbee, and other protocols for IoT connectivity across consumer, industrial, and embedded applications, sold to IoT device manufacturers and product companies.
- SoC Modules System-on-Chip modules including RISC-V based microcontrollers for defense, medical, robotics, and UAV applications, plus AI-enabled processors for surveillance and automotive systems, offered to OEMs and product companies.
- ISC-nRF54L-SiP Series System-in-Package modules built on Nordic Semiconductor's nRF54L platform, supporting Bluetooth 6.0 with LE Audio, Channel Sounding, Long Range, and multiprotocol Thread, Matter, and Zigbee with TrustZone security for wearables, healthcare, IoT, and consumer electronics.
- Nordic nRF52840 BLE Module BLE module based on Nordic Semiconductor's nRF52840 platform providing low-power wireless connectivity for IoT applications across consumer and industrial use cases.
- IoT Evolution Board India's first IoT Evolution Board developed with C-DAC, integrating the indigenous VEGA processor with Bluetooth and LoRa connectivity to enable faster prototyping and deployment across IoT applications.
- Dual-Network Bluetooth Beacon Module India's first dual-network compatible Bluetooth beacon module supporting both Apple Find My and Google Find My networks, enabling secure, power-efficient tracking across consumer and industrial use cases.
- CCTV-Specific SoC (ISC-S2-PZ) CCTV-specific System-on-Chip (ISC-S2-PZ) developed with Prizor Viztech for indigenous semiconductor design in the security and surveillance sector, addressing India's STQC-driven shift away from Chinese surveillance brands.
- Embedded Design Services Full-spectrum design services covering hardware engineering, embedded engineering, mechanical design, firmware engineering, and manufacturing support for custom embedded products, delivered to enterprise customers alongside IndieSemiC's module and SoC portfolio.
Quantifiable outcome
- Market share growth from 20.2% to 45.4% for CP PLUS in surveillance market (India CCTV market growing from $5.75Bn to $14.25Bn by 2031)
- +1 more outcomes
Companies that use IndieSemiC
Customer profileNamed customers2 records
Segments1 record
Ideal customer profiles3 records
IndieSemiC technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature7 records
IndieSemiC partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Nordic SemiconductorcoreIndieSemiC partnered with Nordic Semiconductor to jointly develop certified wireless modules for IoT applications. IndieSemiC manages the complete module lifecycle spanning RF design through certification, leveraging Nordic's low-power SoC technology platform. The partnership enables IndieSemiC to offer production-ready wireless modules while Nordic gains a module development partner for its IoT portfolio.
- Kaynes TechnologycoreMoU with Kaynes Semicon (OSAT) to strengthen qualification, assembly, and testing pathways for IndieSemiC's SiP modules and SoC roadmap. Kaynes provides packaging and assembly at its Sanand OSAT facility, supporting IndieSemiC's vertical integration from RF modules to full chip products.
- Prizor ViztechcoreIndieSemiC and Prizor Viztech signed an MoU to develop, validate, and deploy a CCTV-specific System-on-Chip (ISC-S2-PZ) for indigenous semiconductor design in the security sector. Prizor has exclusive rights to procure, distribute, and use the chipset in India and internationally for three years, with a commitment to purchase 50 lakh units annually.
- C-DAC ThiruvananthapuramcoreStrategic partnership with C-DAC Thiruvananthapuram for developing indigenous semiconductor and embedded technologies, focusing on AI-enabled processors and microcontrollers. Collaboration aims to produce solutions for IoT, defense, and industrial systems, supporting India's Atmanirbhar Bharat initiative. Includes development of VEGA-based compute platforms and IoT Evolution Board.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
IndieSemiC competitors and assessment
Company assessmentEmerging players
- Atmosic Technologies: US fabless startup designing ultra-low-power BLE and energy-harvesting wireless SoCs for IoT. Comparable emerging player targeting the same battery-constrained connected-device and beacon segments that IndieSemiC addresses with its BLE modules and dual-network Find My beacon.
- Morse Micro: Australia-based fabless startup specializing in Wi-Fi HaLow (802.11ah) chips for long-range IoT. Comparable as an emerging wireless-focused fabless player with similar sub-Gigahertz / long-range IoT ambitions to IndieSemiC's LoRa and Wi-Fi modules.
Direct peers
- Signalchip Innovations: Indian fabless semiconductor company designing 4G/5G modem and RF chipsets. Comparable as an India-origin fabless semiconductor designer building wireless connectivity silicon for telecom and connected-device applications.
- Moschip Technologies: India-headquartered semiconductor and embedded systems company offering ASIC design services and connectivity SoCs. Directly comparable to IndieSemiC's combined SoC design plus embedded design services business model.
- Saankhya Labs: Indian fabless semiconductor company focused on wireless communication chipsets for broadcast, satellite, and 5G. Comparable in India-origin fabless wireless silicon strategy and engagement with Indian government/defense markets.
- Espressif Systems: Chinese fabless semiconductor company behind the widely adopted ESP32/ESP8266 Wi-Fi + BLE SoCs. Directly comparable as the low-cost, general-purpose IoT wireless SoC incumbent that IndieSemiC is positioning its BLE/Wi-Fi/LoRa modules and SoCs against.
- Mindgrove Technologies: India-based fabless startup designing RISC-V based SoCs for IoT and edge applications. Directly comparable to IndieSemiC on indigenous Indian RISC-V silicon strategy, target applications (smart devices, industrial), and pre-Series A scale.
Broad incumbents
- NXP Semiconductors: Global semiconductor incumbent with broad connectivity, automotive, and edge-processing portfolios. Overlaps with IndieSemiC on automotive-grade secure processing and wireless MCU ambitions, particularly relevant for the ISC-R1 quad-core AI processor roadmap.
- Nordic Semiconductor: Norwegian fabless semiconductor leader in low-power wireless SoCs (Bluetooth, Wi-Fi, Thread/Matter). Both a strategic partner to IndieSemiC and the broader incumbent whose silicon foundation IndieSemiC's certified wireless modules are built on.
- Silicon Labs: US-listed semiconductor company specializing in low-power wireless connectivity (Bluetooth, Zigbee, Thread, Matter) and IoT SoCs. Broad incumbent comparable on portfolio overlap (BLE/Thread/Zigbee modules and SoCs targeting smart home, industrial IoT).
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
IndieSemiC social profiles
Digital presenceIndieSemiC financial estimates
Financial estimateRevenue estimate
Valuation estimate
IndieSemiC leadership team
Management profileNumber of profiles
Profiles2 records
IndieSemiC funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IndieSemiC M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about IndieSemiC
What does IndieSemiC do?
IndieSemiC is a fabless semiconductor design company that develops wireless RF connectivity modules supporting BLE, WiFi, LoRa, GPS, and Zigbee, alongside System-on-Chip (SoC) and System-in-Package (SiP) modules, an indigenous RISC-V microcontroller, AI-enabled processors for vision and edge compute, and CCTV-specific SoCs. The company also delivers full-spectrum embedded design services including hardware engineering, embedded and firmware engineering, mechanical design, and manufacturing support for custom IoT, automotive, surveillance, defense, and industrial products.
Is IndieSemiC a public or private company?
IndieSemiC is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was IndieSemiC founded?
IndieSemiC was founded in 2022. It employs 51 to 100 people.
Where is IndieSemiC based?
IndieSemiC is headquartered in Ahmedabad, India, in the Asia region.
How does IndieSemiC make money?
Four revenue lines are on record. RF Module Sales are the primary driver. The others are soC Product Sales, embedded Design Services and technical Support Services.
Who are IndieSemiC's main competitors?
Emerging players on record are Atmosic Technologies and Morse Micro. Direct peers are Signalchip Innovations, Moschip Technologies, Saankhya Labs, Espressif Systems and Mindgrove Technologies. Broad incumbents are NXP Semiconductors, Nordic Semiconductor and Silicon Labs.
Does IndieSemiC have an API?
No public API is recorded for IndieSemiC.
What industry is IndieSemiC in?
IndieSemiC's product category is Fabless Semiconductor Design. Its primary akta.pro industry code is HDAHAJAC, System-on-Chip (SoC) Platforms (Mobile/Consumer/Embedded), with a secondary code of HDAHAMAE, RF Transceivers & RFIC SoCs (Cellular/Wi‑Fi/Bluetooth). Its NAICS code is 334290 and its SIC code is 3576.