TAC Security’s IPO Success Reflects Strong Investor Confidence

Strategic Acquisitions Bolster Global Presence in the U.S. and Middle East

Financial Growth: 17% Revenue Increase and 52.82% Operating Margins in FY23-24”

AI-Powered Innovation Drives Cybersecurity Solutions at TAC Security

Google Partnership and ISO Certification Solidify TAC Security’s Leadership

Founder and CEO Aims to Double Profits Every Six Months as Part of Growth Strategy

Expanding Client Base: 1,000 New Clients Added Across 55 Countries

September 30: TAC InfoSec Limited, India’s leading cybersecurity solutions provider, successfully held its 8th Annual General Meeting (AGM), marking a significant milestone in its journey as a publicly listed company on the Emerge Platform of the National Stock Exchange of India Limited (NSE). The AGM, chaired by the company’s founder and senior leadership team, reflected on the past year’s achievements and laid out the roadmap for future growth in cybersecurity and artificial intelligence (AI).

IPO Success & Market Milestones

In his keynote address, the Founder, Chairman & CEO underscored the significance of TAC Security’s Initial Public Offering (IPO), which saw unprecedented interest from all investor segments. The company’s IPO was subscribed 422.03 times, raising ₹8,417 crores (approx. $1 billion USD), making TAC Security the first pure-play cybersecurity firm to go public in India. The overwhelming response to the IPO highlights investor confidence in the company’s growth trajectory and innovative capabilities.

The Founder, Chairman & CEO – Trishneet Arora expressed heartfelt gratitude to the company’s early investors, particularly Vijay Kedia, for his mentorship and trust in the TAC vision, as well as all shareholders for their support in TAC Security’s mission to build the future of cybersecurity.

Strategic Acquisitions & Global Expansion

In a significant update, TAC Security announced two major acquisitions:

1. Cyber Sandia Acquisition: TAC Security completed the acquisition of U.S.-based Cyber Sandia, a strategic move that strengthens its foothold in the U.S. government public sector business, particularly in New Mexico. With a market opportunity valued at $14 billion USD, this acquisition enhances TAC’s capabilities and presence across the U.S.

2. UAE Expansion: TAC Security successfully acquired 100% ownership of its wholly owned subsidiary (WOS) in the UAE, setting the stage for expansion into the Middle East market.

These acquisitions reflect TAC Security’s commitment to expanding its global footprint, enhancing capabilities, and serving a growing base of international clients.

Financial Performance

TAC Security showcased robust financial performance for FY23-24, with total revenue growing 17% to ₹118.4 million. Profitability rose to ₹63 million, marking a 23% increase year-on-year, while operating margins stood at an impressive 52.82%. The company also reported exceptional growth in Q1 FY25, with a 93.81% increase in total revenue and a 94.45% surge in profitability.

Technological Innovation & AI Integration

The company emphasized its dedication to technological innovation, particularly in the integration of AI into its cybersecurity solutions. The ESOF (Enterprise Security in One Framework) platform now includes AI-based Cyber Risk Quantification (CRQ), enabling organizations to translate cyber risks into financial terms. This innovation empowers decision-makers with clearer insights into potential financial impacts, positioning TAC Security as a leader in AI-driven cybersecurity solutions.

Key Collaborations & Industry Recognitions

TAC Security has continued to strengthen its industry position with significant collaborations and certifications, including:

• Being selected by Google as a preferred Security Assessor for the Cloud Application Security Assessment (CASA) Program.

• Joining the Application Defense Alliance under the Linux Foundation, positioning TAC Security as a trusted security assessor for global tech leaders like Microsoft, Meta, and Google.

• Achieving ISO/IEC 17025 certification for Penetration Testing Services, further underscoring TAC’s commitment to quality and reliability.

For the third consecutive year, TAC Security has been recognized as a Great People Managers Company, reflecting its commitment to fostering a positive workplace culture.

Vision for the Future

Looking ahead, TAC Security aims to become the world’s largest vulnerability management company by 2026, targeting over 10,000 clients globally. The Chairman reaffirmed the company’s focus on AI innovation, client success, and delivering exceptional shareholder value, with a goal to double profits on a half-yearly basis.

The AGM concluded with a message of gratitude from the Chairman to the company’s shareholders, partners, and employees for their continued support in building the future of cybersecurity.