The shares of India’s first publicly listed cybersecurity firm hit 2% upper circuit after it announced its acquisition of a Europe-Based Web3 Security Firm called CyberScope.
Share Price Movement
The shares of TAC Infosec Ltd (TAC Security), with a market capitalization of Rs 1,550 Crores, hit 2% upper circuit on Wednesday’s trade at Rs 1,479 per share. The shares generated a multibagger return of 410% in the past 1 year.
Acquisition Details
As per a press release dated 5th February 2025, TAC Infosec announced its acquisition of Cyberscope, an Europe-Based Web3 Security Firm, specializing in smart contract audits and vulnerability assessment for blockchain-based applications. This acquisition solidifies TAC Security’s position as the undisputed leader in Web3 security.
Through this acquisition TAC Security expands its European footprint, and its client base to over 6,000, with a goal to reach 10,000 by 2026. This acquisition adds additional $1.2 Million in Revenue to TAC Security’s growth strategy.
CyberScope’s Smart Contract Audits, now integrated into TAC Security’s ESOF for Enhanced Web3 Protection, positions the company as the first Vulnerability Management Company Globally to introduce Web3 security and smart contract audit.
Management Commentary
Trishneet Arora, Founder and CEO of TAC Security, said that the acquisition of CyberScope drives TAC Security towards becoming the world’s largest vulnerability management company. He added that as Web3 security gains prominence amid regulatory shifts in Trump’s Government, CyberScope’s expertise in smart contract audits enhances TAC Security’s ability to secure blockchain ecosystems.
Financials
The Company’s Income from Operations more than doubled from Rs 5 Crores in H1FY24 to Rs 12 Crores in H1FY25. Its Net Profits surged by 225% from Rs 2 Crores to Rs 6.5 Crores over the same period.
Recent Update
As per a press release dated January 24, 2025, TAC Security established its UK-based step down subsidiary, VULMAN Ltd. The subsidiary company aims to cater to the unique cybersecurity challenges of businesses, government entities, and enterprises across Europe.
IPO Details
TAC Infosec Ltd debuted in the NSE SME on 5th April 2024, making a blockbuster debut with a share price of Rs 290, which is 173.58% higher than the issue price of Rs 106. The main objectives of the IPO were making investments in human resources and product development, acquiring TAC Security Inc. (Delaware, USA) and converting it into a fully owned subsidiary, and pursuing general commercial objectives.
About TAC Infosec Ltd (TAC Security)
TAC Security is publicly listed cybersecurity company specialising in vulnerability management. Its flagship product, ESOF (Enterprise Security in One Framework), excels in cyber scoring, cyber risk quantification, and leveraging advanced AI for vulnerability assessment and penetration testing.
Ace investors Vijay Kishanlal Kedia owns 10.95% of the company and Ankit Vijay Kedia owns 3.65% of the company, so in total they own 14.6% of the company.
Written By Adhvaitha Nayani
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