IIT Madras-incubated Mindgrove Technologies is preparing to begin commercial production of its Secure IoT chip, according to a Moneycontrol report citing founder and CEO Shashwath T R.

The company, founded in 2021 by Shashwath T R and co-founder Shruti (the report names Shashwath T R and Shar… as founders), has moved from design into the pre-production phase for a chip it positions as a domestically designed secure controller for connected devices. The CEO's confirmation to Moneycontrol marks the most concrete public signal yet that the startup's silicon is approaching the market.

What does commercial production mean here?

Mindgrove's statement covers preparation for commercial production of the Secure IoT chip, not shipment volumes, wafer capacity, or fab partners. The Moneycontrol report, as surfaced in the aggregated snippet, does not specify:

• a foundry partner or manufacturing location;
• process node or wafer size;
• production volumes, pricing, or launch dates;
• customers or design-win commitments.

What is confirmed is the founder-level statement that production preparation is under way. Any capacity, node, or revenue figure beyond that would be roadmap speculation rather than company disclosure.

Why an Indian-designed secure IoT chip matters

Mindgrove is one of a small group of Indian fabless startups that have moved from incubator to silicon in the three years since the country began pushing domestic chip design under national semiconductor incentive programs. A "Secure IoT" controller targets exactly the segment India's policy has prioritized: high-volume, moderate-complexity chips for connected devices where security features are becoming a baseline requirement.

For buyers, an Indian-designed secure microcontroller adds a supply option outside the established US, European, and East Asian vendors. For Mindgrove, commercial production is the step that separates a design house from a merchant silicon supplier.

What to watch next

The open questions that will define the commercial picture are the ones the Moneycontrol report leaves unanswered: which foundry fabricates the part, at what node, in what volumes, and with which design wins attached. Shashwath T R's confirmation that production preparation has started means those details — volume, pricing, and customer commitments — should follow as the chip reaches the market.