MAM
Eventfaqs Media acquires majority stake in Sportzpower
MUMBAI: In a plot twist worthy of a prime-time sports drama, Eventfaqs Media has levelled up by acquiring a majority stake in Sportzpower—the B2B media brand that’s been quietly powering India’s sports, gaming, and esports chatter since before it was cool. It’s a move that blends backstage brilliance with front-page action, and positions both companies to tackle the subcontinent and the middle east like a well-coordinated tag team.
The announcement dropped on 11 April 2025, but the game plan is far from a last-minute Hail Mary. Eventfaqs, the heavyweight in India’s events and experiential marketing circuit since 2007, has made it clear: this acquisition is about scaling the turf and owning the spotlight across new markets.
“We are very excited to take a majority stake in Sportzpower and partner with the brand to assist it in achieving its goals,” said Eventfaqs Media MD Deepak Choudhary. “It is a unique collaboration that will benefit both the brands in our quest to be the leaders in our businesses in the sub-continent and the Middle East markets.”
Founded in 2008, Sportzpower built its niche through deep dives into India’s sports industry—be it cricket, football, golf or esports—delivering analysis, forums, newsletters, and more to the suits behind the stadium lights. With their signature single-sport knowledge series and dedicated forums like India Football Forum and India Pro Leagues Forum, they’ve made business-speak out of sport-speak.
Sportzpower co-founder Thomas Abraham called the deal “a thrilling moment”, adding, “It comes at an opportune time as the sports sector is growing at a scorching pace in India, and the middle east countries are now establishing their interest and growing in multiple sports, including cricket.”
Meanwhile, fellow co-founder C.P. Thomas sees the move as a launchpad. “This collaboration… will propel Sportzpower to play a pivotal role in shaping the narrative in India and beyond for these new-age industries,” he said. Translation: it’s not just about reporting the news—it’s about making it.
The synergy here isn’t just corporate fluff. Eventfaqs brings its multi-channel muscle—across digital, print, and live events—to help Sportzpower step into the international arena with bigger conferences, broader audiences, and brighter lights. And with gaming and esports booming faster than a T20 innings, timing couldn’t be sharper.
The goal? To become the dominant voice in the B2B media landscape of sport, gaming, and experiential marketing.
Think less press release, more power play.
Brands
Tessolve lands a semiconductor veteran to drive its next big push
Ravi Kumar Chirugudu, who started his career at ISRO and has spent 35 years building chips and companies, joins the Bengaluru-based firm as president and chief operating officer
BENGALURU: Tessolve has never been shy about its ambitions. The Bengaluru-based engineering services firm already counts 18 of the world’s top 20 semiconductor companies among its clients, employs more than 3,500 engineers across 12 countries, and last year pocketed a $150m investment from TPG. Now it has hired the executive it believes can turn those assets into something bigger. Ravi Kumar Chirugudu, a 35-year semiconductor veteran who once built satellite payloads for ISRO and has since scaled engineering organisations across three continents, joins as president and chief operating officer, effective immediately.
THE MAN AND THE MANDATE
The appointment is, by any measure, a serious hire. Ravi Kumar Chirugudu comes to Tessolve after senior leadership stints at HCL Technologies, Altran and Wipro, where he managed large profit-and-loss portfolios and oversaw cross-regional teams. Over the course of his career, he has been instrumental in bringing more than 1,000 new products to market across the high-tech, energy and manufacturing verticals. Before the private sector claimed him, he began his working life as a scientist at the Indian Space Research Organisation, contributing to research and development in charge-coupled device technology and satellite payloads, a foundation that shaped everything that followed.
In his new role, he will lead Tessolve’s global growth strategy: expanding its engineering capabilities, deepening customer relationships and accelerating innovation across semiconductor and high-performance computing domains. The brief is broad, but the context is specific. Tessolve operates in the $550 billion global semiconductor market, and its recent moves, the acquisition of Germany’s Dream Chip Technologies and the TPG funding round, have sharpened both its reach and its expectations.
Srini Chinamilli, co-founder and chief executive of Tessolve, is characteristically direct about why Ravi Kumar Chirugudu was the choice:
“As we scale our global semiconductor and system engineering capabilities, Ravi’s appointment marks an important step forward. As global semiconductor demand continues to accelerate across industries, it is creating significant opportunities across the semiconductor lifecycle, from design, packaging, validation and systems integration. Ravi’s deep knowledge and leadership in this ecosystem brings the right mix of industry expertise, customer connect and execution capability, which will play a key role in strengthening our position as a trusted global engineering partner and reinforcing our market leadership.”
THE NEW ARRIVAL SPEAKS
Ravi Kumar Chirugudu, for his part, frames the move in terms of timing and culture, two factors that veteran executives tend to weigh as heavily as title or compensation:
“I am happy to join Tessolve at a time when the industry is rapidly evolving towards more complex, AI-driven systems. What stands out to me is its strong people-first culture and its commitment to bringing value to its customers. The strength of its global team, combined with its deep expertise in semiconductor innovation and next-generation product engineering, creates a solid foundation to build differentiated, scalable solutions. I look forward to working closely with the team to drive strategic growth and strengthen its role in shaping the global semiconductor ecosystem.”
The reference to AI-driven systems is not incidental. The semiconductor industry is in the midst of a structural reshaping, driven by the insatiable compute demands of artificial intelligence. For engineering services firms like Tessolve, which offers end-to-end capabilities from silicon design to packaged parts and invests in high-performance computing, high-speed interfaces, photonics and 5G, the moment is both an opportunity and a test. The company says it is well positioned to capture the next wave of industry growth. Ravi Kumar Chirugudu is now the person who has to prove it.
He came in from outer space, literally, and spent three decades learning how the semiconductor industry works from the inside out. Now Tessolve is betting that accumulated knowledge can help it cross the next frontier. In the $550 billion global chip market, the gap between ambition and execution is measured in engineering hours and leadership quality. Tessolve has just gone shopping for both.
