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Trishneet Arora’s TAC Security files IPO with SEBI

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The Securities and Exchange Board of India (SEBI) has received a Draft Red Herring Prospectus (DRHP) for an Initial Public Offer (IPO) from TAC Infosec Limited, also referred to as TAC Security. The company’s shares are proposed to be listed on NSE Emerge platform.
Based on the “SaaS model,” the company’s business is to offer cybersecurity quantification, risk-based vulnerability management and assessment solutions, and penetration testing services to businesses of all sizes.

The initial public offering (IPO) comprises a new issuance of 28,29,600 equity shares, with a face value of ₹10.With the net proceeds from the initial public offering (IPO), the company plans to buy Delaware, USA-based TAC Security Inc. and make it a wholly owned subsidiary. It also plans to invest in product development and human resources to bolster its product creation capabilities. The remaining money will be utilized for routine business needs.

Trishneet Arora is the CEO and founder of TAC Security, holding a major stake of 74% of the company. 15% of the company is owned by well-known stock market investor Vijay Kishanlal Kedia. 5%, 4%, and 2% of the shares are owned by Ankit Vijay Kedia, Charanjit Singh, and Subinder Jeet Singh Khurana, respectively.

TAC Security ended the first half of the current fiscal year on September 30, 2023, with a total revenue of ₹5.31 crore and profit (PAT) of ₹1.94 crore. The company’s revenue grew from ₹5.23 crore in FY22 to ₹10.14 crore in FY23. Compared to ₹60.75 lakh in FY2022, it had a profit (PAT) of ₹5.07 crore in FY23.

Renowned specialists have joined TAC Security’s advisory board, including  former National Cybersecurity Coordinator at Prime Minister’s Officer, Lt. General (Dr.) Rajesh Pant, Dr. Siva Subramanian, Subinder Khurana, and US Army Brigadier General Raphael Warren.

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