Shares of this micro-cap company primarily engaged in the cybersecurity sector, focusing on vulnerability management, surged over 4 percent after collaborating with Google for MASA (Mobile Application Security Assessment) Assessor.
Price Movement
In Monday’s trading session, share price of TAC InfoSec Limited reached an intraday high of Rs.698.95 per share, up 4.2 percent from the previous close of Rs.670.70 per share. The share price has retreated since then and closed at Rs.693.00 apiece.
What happened
On October 14, 2024, TAC InfoSec Limited, India’s first publicly listed cybersecurity company, announced its partnership with Google as an authorised lab for Mobile Apps Security Assessment (MASA) under the App Defence Alliance (ADA).
As a MASA Authorised Assessor, TAC InfoSec will help developers and organisations meet Google’s mobile application security standards, ensuring rigorous vulnerability testing and top-tier security compliance. Previously, TAC InfoSec was the preferred Assessor for Google’s CASA (Cloud Application Security Assessment) Program.
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Management Commentary
Commenting on the partnership, Trishneet Arora, Founder, Chairman, and CEO of TAC InfoSec, said, “We are excited to join the exclusive club of Google-approved authorised labs for MASA assessment. This will open an exclusive opportunity to accelerate client additions at our end, given a potential universe of 10,000+ developers on the Play Store.
At the same time, MASA service commands a premium in terms of margins compared to Cloud Apps, enabling us to improve our margins in the future. This achievement and the recent global acquisitions keep us in line with the growth projections and, more importantly, towards our vision to become the largest vulnerability management firm globally by 2026.”
Brand Portfolio
TAC InfoSec’s client roster includes prominent new clients such as Salesforce, Nissan Motors, AutoDesk, Dropbox, BlackBerry, Fujifilm, Casio, Zepto, MPL, and OneCard. The company has also retained major clients like Reliance ADA Group, Bandhan Bank, and DBS Bank, reflecting its strong position in the cybersecurity market.
Financial Performance
According to its recent financial updates, the company reported Revenue from operations of Rs.11.62 crore in FY24, 16 percent more when compared to Rs.10.00 crore in FY23. Net Profits grew 25 percent to Rs.6.33 crore from Rs.5.07 crore in the same period.
Company Profile
TAC InfoSec Limited operates primarily in the cybersecurity sector, focusing on vulnerability management. The company utilises a Software as a Service (SaaS) business model, offering services such as risk-based vulnerability management, cybersecurity quantification, and penetration testing.
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Written by – Siddesh S Raskar
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