Shares of a global cybersecurity company specialising in vulnerability management are in focus during the trading session on Friday, after the company announced expanding its footprint in Europe with a new UK subsidiary.
With a market capitalisation of Rs. 1,746 crores, the shares of TAC InfoSec Limited surged by nearly 1.5 percent to hit an intraday high at Rs. 1,697 on NSE, as against its previous closing price of Rs. 1,671.5.
What’s the News
According to the latest regulatory filings with the NSE, TAC InfoSec Limited (or TAC Security) announced the establishment of its UK-based step-down subsidiary, VULMAN Limited.
This strategic expansion highlights the company’s commitment to delivering advanced cybersecurity solutions and addressing the rapidly evolving digital threat landscape across the UK and Europe.
The launch of VULMAN Limited marks a significant milestone in TAC Security’s global journey and positions the company to meet the increasing demand for advanced cybersecurity measures in the region.
As the UK emerges as a hub for digital innovation, VULMAN Limited aims to address the unique cybersecurity challenges faced by businesses, government entities, and enterprises across Europe.
The new step-down subsidiary will focus on promoting TAC Security’s flagship product, Enterprise Security in One Framework (ESOF), which delivers innovative cyber scoring, risk quantification, and advanced vulnerability management solutions.
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Financials
TAC InfoSec reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 146 percent, rising from Rs. 5 crores in H1 FY24 to Rs. 12.3 crores in H1 FY25.
The company recorded a nearly 237 percent increase in net profit, reaching Rs. 6.5 crores in H1 FY25, as against Rs. 2 crores in H1 FY24. This growth was driven by rapid client acquisition, cost optimisation, and the increasing adoption of ESOF.
In just nine months, TAC Security successfully onboarded over 2,000 clients in 80 countries, including Fortune 500 companies and
government entities.
TAC Security’s expansion into the UAE and acquisition of a cybersecurity firm in New Mexico have solidified its presence in the GCC and US markets.
Shareholding Pattern
As per the September 2024 shareholding pattern, the Promoters hold a 56.94 percent stake in the company, while FII hold a 3.78 percent stake and Retail Investors hold a 39.28 percent stake in TAC InfoSec.
Additionally, Vijay Kishanlal Kedia holds a 10.95 percent stake in the company.
About the Company
TAC InfoSec Limited (brand name TAC Security) is engaged in the business of providing risk-based vulnerability management and assessment solutions, cybersecurity quantification and services of Penetration testing to organizations of any scale, size, and business through “SaaS model”
Written by Shivani Singh
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