TAC Security aims for Rs 100 crore revenues by 2026
TAC Security has been at the forefront of the cybersecurity industry. The co. has played a crucial role in securing UPI applications in collaboration with NPCI since 2017
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Hyderabad: TAC Security, a leading global cybersecurity SaaS firm, is aggressively pursuing its target of achieving Rs. 100 crore in revenue by 2026. The company, under the leadership of Trishneet Arora, Founder and CEO, is exploring avenues for capital generation, including an Initial Public Offering (IPO) slated for early 2024. Beeline Capital Advisors Private Limited has been appointed as the exclusive Book Running Lead Manager for this anticipated IPO.
Trishneet Arora expressed the company's strategic vision, stating, "In today's digitally connected landscape, cybersecurity stands as a pivotal concern for both public and private entities worldwide. Having honed our capabilities and global presence over the past decade, we are now poised for exponential growth, aiming for a tenfold increase in revenue by FY26 through organic and inorganic means. Our aspiration is to stand among the select few listed cybersecurity players globally."
Established in 2013 by entrepreneur Trishneet Arora, TAC Security has been at the forefront of the cybersecurity industry. The company has played a crucial role in securing UPI applications in collaboration with NPCI since 2017. Additionally, it has been pivotal in addressing cybersecurity vulnerabilities in real-time within the Bombay Stock Exchange and National Stock Exchange, catering to the burgeoning trading sector in India. With a global footprint extending to over 15 countries and serving more than 200 clients, TAC Security boasts a clientele including US State Governments, HDFC Limited, DSP Mutual Fund, Bandhan Bank, and Fortune 500 companies.
Strategic collaborations with industry giants such as TechMahindra, Deloitte, Ingram Micro, and IBM have further fortified TAC Security's position in the market. The company's commitment to customer satisfaction has been recognized by Gartner Peer Insight, labeling it a "Customer First Company" in the Vulnerability Management Category. Moreover, Google has enlisted TAC Security as a trusted security partner. The company's diverse product line, featuring ESOF VMP and ESOF CRQ, showcases its comprehensive approach to cybersecurity solutions.
Vijay Kedia, a prominent figure in the stock market, extended support to TAC Security in 2016, contributing significantly to the company's growth trajectory. In addition, TAC Security has onboarded eminent professionals, including industry stalwarts Subinder Khuranna, William May, Dr. Siva Sivasubramanian, and US Army Brigadier General Raphael Warren, onto its Advisory board.
The risk-based vulnerability management tools market has been gaining traction, with Gartner predicting it to reach $639 million by 2023.
