New Delhi, Sept. 17 -- As India's annual chip conference kicks off, Mindgrove Technologies, a homegrown semiconductor design startup incubated at IIT Madras, expects to start generating revenue this fiscal year, backed by "about half a dozen" clients.

In an interview with Mint, Shashwath TR, cofounder and chief executive of Mindgrove, said this will mark the first instance of the five-year-old startup earning revenue from its locally made chips integrated into industrial applications and platforms.

Generating revenue would mark a major milestone for Mindgrove, aligning with India's broader push to establish indigenous chip design as a core pillar of its nascent semiconductor ecosystem. On 31 August, S Krishnan, secretary at the ministry...