In a year where global cybersecurity spending has reached all time highs TAC InfoSec has had one of the best performances in the Indian tech sector with revenues growing 160% and net profit growing 134% for FY 24-25.
The company’s operating revenue grew to INR 30.5 crore from INR 11.71 crore in the previous fiscal and profit after tax (PAT) to INR 14.84 crore. This puts TAC InfoSec among the fastest growing cybersecurity companies globally.
With disciplined operational control, smart acquisitions and a relentless innovation drive TAC has not only expanded geographically but also broadened its product and service portfolio in line with industry demands. Notably, according to latest shareholding data available until 31 March 2025, Vijay Kedia owns 11,47,500 shares (~10.95% stake) in the company. His son, Ankit Kedia, also holds 3,82,500 shares (~3.65% stake). Together, the Kedia family holds a total of 15,30,000 shares (~15% stake or INR 159 crore investement) in the company.
TAC Infosec FY25 Financial Performance
| Metric | FY25 | FY24 | % Change |
|---|---|---|---|
| Revenue from Operations | 30.50 | 11.71 | +160% |
| Profit After Tax | 14.84 | 6.33 | +134% |
| Earnings Per Share (INR) | 13.77 | 8.28 | +66% |
| Total Income (Incl. Other Income) | 32.20 | 11.85 | +171% |
| EBITDA Margin | 49.4% | 46.4% | Improvement |
Notably the company achieved an EBITDA margin of 49.4% which is not just growth but quality of earnings — a key differentiator in high growth tech sectors.
The half yearly growth (H2 vs H1 FY25) further reinforced the momentum:
- Revenue up 46% (H2 INR 18.1 crore vs H1 INR 12.4 crore)
- Profit before tax up 34% (H2 INR 9.05 crore vs H1 INR 6.73 crore)
TAC’s consistent sequential growth indicates sustained demand and operational scalability.
TAC Infosec Post-IPO Performance
TAC Infosec launched its IPO on 27 March 2024 with an issue size of INR 29.99 crore. The IPO got an incredible response from the investors which leads the subscription to 421X. The IPO listed with almost 3X returns on listing day. IPO momentum in the stock continues post listing and shares of TAC Infosec made an all-time high of INR 1,671.50 per share on 23 January 2025, reflecting ~1,476% returns from the IPO allotment price of INR 106 per share. Currently, it is trading around INR 1,040 per share (a correction of 38% from its 52-week high).
Strategic Acquisitions
TAC InfoSec’s growth was heavily driven by three major acquisitions:
- Cyber Sandia (U.S.): Expands TAC’s footprint in North America, particularly in the public sector via New Mexico’s State-Wide IT agreements — a strategic entry point in a highly regulated market.
CyberScope (Europe): With 2,780 blockchain and smart contract audits and assets worth USD 134 billion secured, CyberScope gives TAC instant leadership in the Web3 security space. - UAE-Based Firm: Marks TAC’s entry into the Gulf Cooperation Council (GCC) region, a fast growing cybersecurity hotbed driven by digital transformation initiatives like Saudi Arabia’s Vision 2030 and UAE’s Smart Dubai strategy.
Analysis: Each acquisition is geographically complementary and technologically synergistic, significantly de-risks TAC’s revenue concentration and accelerates domain diversification — from traditional IT security to blockchain and IoT security.
Innovation at the Core
Innovation is at the heart of TAC’s strategy:
- ESOF AppSec ADA MASA Launch: After partnering with Google, TAC launched its mobile application security assessment solution — putting TAC at the forefront of mobile security.
- Global Certifications:
- ioXt Alliance Certified — one of only eight companies globally authorized for IoT device security assessments.
- ISO 17025 Accreditation — rare in cybersecurity, gives TAC’s testing frameworks immense credibility.
These certifications give customer confidence which is critical when serving Fortune 500 companies and government agencies
Global Clientele and Market Expansion
TAC Security’s client base swelled significantly:
- 3,000+ organic clients by March 2025.
- Additional 3,000+ clients post-CyberScope acquisition.
- Presence across 100+ countries.
Key wins spanned sectors from banking, healthcare, manufacturing to public sector entities, reflecting the universality of demand for TAC’s offerings.
Management Perspective
Commenting on the results, Trishneet Arora, Founder and CEO, stated: “Our strategic acquisitions, combined with innovation and market expansion, have positioned us as a leader in cybersecurity. We are committed to delivering world-class solutions and expanding globally to drive value for stakeholders.“
Risks and Outlook
While TAC’s growth trajectory is impressive, it must navigate:
- Integration risks from multiple acquisitions.
- Competitive pressure from established global cybersecurity majors like Palo Alto Networks, CrowdStrike, and Fortinet.
- Regulatory compliance demands — particularly as it scales operations across Europe and North America, regions with stringent cybersecurity laws (e.g., GDPR, CCPA).
Nonetheless, TAC’s strong cash flows, operational discipline, and expanding global footprint bode well for sustained double-digit growth over the next fiscal.
Management guidance suggests continuing 50–60%+ growth in FY 25-26, underpinned by existing momentum and newer AI-driven security solutions.
Conclusion
In a year where cybersecurity has become not just a necessity but a boardroom priority, TAC InfoSec’s outstanding FY 24-25 performance showcases operational excellence, strategic foresight, and executional agility.
From a promising IPO debut to a global cybersecurity contender, TAC InfoSec is fast emerging as India’s answer to global cybersecurity giants — with a sharply honed focus on scaling responsibly, innovating continuously, and serving a digitally transforming world. For more details related to IPO GMP, SEBI IPO Approval, and Live Subscription stay tuned to IPO Central.