By Lal Singh India’s semiconductor ecosystem keeps growing at a rapid rate. Strong government support, increased tech adoption and large scale investments are shaping the industry now. By 2026, India will be one of the most promising semiconductor hubs in the world. The country already plays an important role in design, testing and engineering services as well as advanced packaging while full-scale chip fabrication is slowly developing.
In this article, you will find out Top 10 Leading Semiconductor Companies in India 2026. Each company plays an important role in the value chain from chip design and R&D to OSAT (assembly and testing), manufacturing support and embedded engineering.
1. Tata Elxsi
Tata Elxsi is one of the powerful design and engineering service companies in India. The company operates in automotive, healthcare, broadcast and communications industries. It supports semiconductor innovation with embedded systems, chip design and AI driven engineering services.
Tata Elxsi started its journey in 1989 and now it has more than 13,000 professionals from multiple locations across the globe. The company applies technologies like IoT, Cloud, Artificial Intelligence, Generative AI, and Virtual Reality to assist businesses with designing smarter products. With its design driven thinking and strong engineering force, Tata Elxsi is an important part of India’s semiconductor ecosystem.
2. HCLTech
HCLTech is one of the largest technology companies in the world and provides great semiconductor-related engineering services. The company operates across sectors including telecom, automotive, high tech and manufacturing. Its engineering and R&D division is responsible for chip design, product engineering, and advanced semiconductor development.
HCLTech’s early investment in AI and GenAI makes innovation a great part of its growth. With over 226,600 employees in 60+ countries, the company collaborates closely with world semiconductor leaders. Its focus on digital transformation, cloud and AI bolsters India’s chip design and engineering position in the world.
3. Bharat Electronics Limited (BEL)
Bharat Electronics Limited, also known as BEL, has a massive role in defence grade electronics and semiconductor electronics. The Government of India developed BEL under the Ministry of Defence in 1954. Today, BEL is delivering radars, missile systems, avionics, communication systems, and electronic warfare solutions.
BEL supports indigenous semiconductor development for strategic defence needs The company also works on civilian solutions like electronic voting machines, cyber security systems, medical equipment, etc. BEL is still ramping its efforts to strengthen the local designs, manufacture and “Make in India” development, making it a critical semiconductor ecosystem leader.
4. Dixon Technologies
Dixon Technologies is one of the biggest Electronics Manufacturing Services (EMS) companies in India. The company supports the production of televisions, lighting systems, home appliances, mobiles, wearables, IT hardware as well as telecom devices. With 24 advanced manufacturing units and more than 35,000 employees, Dixon is a giant in India’s electronics supply chain.
As India develops semiconductor assembly and testing capacity, Dixon is setting itself as an important manufacturing of semiconductor chip based electronics. Strong client relationships, zero-defect production standards and R&D centers make Dixon a Trusted Backbone Electrics Brands In India.
5. Kaynes Technology
Kaynes Technology is an end-to-end electronics system design and manufacturing company (ESDM). With over 34 years of experience, the company serves industries like automotive, aerospace, defence, medical, railways and IoT.
Kaynes provides services for the entire lifecycle of product design, engineering, manufacturing, and repairs. The company is also engaged on OSAT-based initiatives as well, with a view to expand semiconductor assembly activity in India. Its robust infrastructure, certified facilities, and global client base have positioned it to play a pivotal role in India’s electronics and semiconductor ecosystem.
6. CG Power and Industrial Solutions
CG Power and Industrial Solutions is a legacy engineering powerhouse with over 88 years of innovation. The company brings solutions in power systems, industrial motors, automation and railway equipment. Recently, CG Power entered its semiconductor ecosystem through OSAT (assembly and testing) through partnerships with global leaders.
This move puts CG Power in the same league with other Indian companies that will have the first full-service OSAT facility. The company supports traditional and advanced chip packaging, strengthening the semiconductor manufacturing presence of India in the global market.
7. Moschip Technologies
Moschip Technologies is one of the leading fabless semiconductor companies in India. The company works in the areas of ASIC, SoC, VLSI design and embedded software development. With over two decades of experience, Moschip has a range of industries including aerospace, defence, consumer electronics and industrial applications.
Moschip is also investing in RISC-V and AI based chipset developments, which will help India to be in tune with the next generation semiconductor chipsets. As the need for local chip design starts to increase, Moschip’s role continues to grow stronger.
8. Vedanta Limited
Vedanta Limited has ventured in the semiconductor industry through massive investments with an objective of establishing one of the first full-fledged fabrication plants in India in Dholera, Gujarat. This represents a major milestone in India’s journey to semiconductor self-reliance.
The project has potential for multi-billion-dollar investment and the goal is to give support for high-volume chip manufacturing in India. While it is still under-researched, Vedanta’s semiconductor strategy is an important building block in determining India’s manufacturing future.
9. ASM Technologies
ASM Technologies adopts a design-led approach to support the semiconductor industry, including design-led engineering, product development and high precision manufacturing. The company works along the industries including aerospace, automotive, and high-tech manufacturing.
ASM offers equipment design, engineering support, and product lifecycle services for semiconductor manufacturing tools. This specialization puts the company into the centre of the design ecosystem of semiconductor production in India.
10. KPIT Technologies
KPIT Technologies specializes in automotive software and embedded systems with a special focus on electric vehicles (EVs) and Advanced Driver Assistant Systems (ADAS). Both EVs and autonomous technologies use a lot of advanced semiconductors.
While KPIT does not make chips, the company is responsible for designing software systems using cutting edge semiconductor platforms. This role makes KPIT an important technology partner in the fast growing mobility semiconductor ecosystem.
The Future of Semiconductors in India
By 2026, India will continue to:
- Attract global investments
- Train world class semiconductor engineers
- Expand OSAT and fabrication initiatives
- Strengthen design-based innovation
- Support the growth of high tech manufacturing
Government policies, incentives and private sector confidence are now aligned to create a bright future.
Final Thoughts
India’s semiconductor journey has only just begun but with the progress so far, it looks promising. Companies like Tata Elxsi, HCLTech, BEL, Dixon, Kaynes, CG Power, Moschip, Vedanta, ASM Technologies and KPIT Technologies are at the forefront of such a transformation.
They shape innovation, enable digital growth, and support industries from automotive, defence, to healthcare and consumer electronics.
As we are nearing 2026, India will keep moving up in ranks as a global semiconductor innovation hub with its powerhouses of design leadership, manufacturing expansion and engineering excellence.