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CG Power, through its wholly owned subsidiary Axiro Semiconductor, has agreed to acquire 100% stake in Tosil Systems

ICICIdirect Research 18 Aug 2026 DISCLAIMER

 News: CG Power, through its wholly owned subsidiary Axiro Semiconductor, has agreed to acquire 100% stake in Tosil Systems for ₹16.44 crore. Tosil provides semiconductor design, verification, physical implementation, embedded software, Linux BSP and Edge AI engineering services to global semiconductor and electronics OEMs, with FY26 revenue of ₹11.94 crore. The acquisition is expected to be completed by August 31, 2026, subject to customary conditions precedent.

View: The acquisition strengthens CG Power’s semiconductor design and engineering capabilities, complementing its expanding OSAT business and enabling deeper participation across the semiconductor value chain. Tosil’s capabilities in silicon design and Edge AI should enhance Axiro’s in-house engineering platform and support CG Power’s ambition to build an integrated semiconductor ecosystem in India. 

Impact: Positive

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