https://nsearchives.nseindia.com/corporate/TAC_06112024192921_PR_06112024.pdf
Mumbai, INDIA – November 06, 2024 – TAC Infosec Limited (NSE Emerge: INE0SOY01013), operating under the brand name “TAC Security” and recognized as India’s first publicly listed cybersecurity firm, has reported an impressive 238.41% increase in Profit After Tax (PAT), reaching INR 65.28 million for the half-year ended September 30, 2024. This marks a significant jump from INR 19.29 million recorded during the same period last year.
The company’s total revenue for H1FY25 surged by 162.22% to INR 131.58 million, including other income of INR 8.47 million, compared to INR 50.18 million in H1FY24. This robust growth reflects TAC Security’s expanding global footprint and a series of high-profile client acquisitions.
H1FY25 Key Highlights:
- PAT Margin: Achieved 49.6% compared to 38.4% in H1FY24.
- EBITDA Margin: Reached 54.4%.
- Earnings Per Share (EPS): INR 6.21 per share, underscoring strong earnings growth.
- Q2FY25 Performance: PAT of INR 42.06 million and revenue of INR 80.18 million.
- Client Expansion: Added 200 new clients across 32 countries in September 2024 alone.
- Global Reach: Now serves over 1,000 clients in 60 countries.
Strategic Growth and Expansion TAC Security’s remarkable performance is underscored by strategic initiatives, including acquisitions in the USA and UAE. In the Middle East, TAC Security established TAC Cyber Security Consultancy L.L.C. in the UAE to cater to the growing demand for cybersecurity services. In the USA, the acquisition of CyberSandia—a firm with an exclusive IT services contract with the State of New Mexico—has bolstered TAC Security’s market position.
“We have registered over 3-fold growth in net profit at INR 65.28 million and over 2-fold growth in operating income at INR 131.58 million in H1FY25 as we continue to grow and strengthen our footprint globally, adding marquee clients across geographies,” said Trishneet Arora, Founder, Chairman, and CEO of TAC Infosec Limited. “Our commitment to innovation, client satisfaction, and operational excellence has helped us carve a niche in the cybersecurity industry, positioning us for continued success.”
Notable Client Additions The company’s growing list of clients includes global leaders such as Microsoft, Gen Digital, Brother Industries, Sedric, Yext, Freshworks, and Lenovo, reinforcing trust in TAC Security’s robust cybersecurity solutions. The US led in client acquisition, closely followed by the UK and France.
Partnerships and Certifications TAC Security’s recognition as an authorized lab for Google’s Mobile Apps Security Assessment (MASA) under the App Defence Alliance (ADA) marks a significant achievement. This partnership enables TAC Security to assist developers in meeting stringent mobile application security standards. TAC Security also remains the recommended and preferred assessor for Google’s CASA (Cloud Application Security Assessment) Program.
Outlook With the global demand for cybersecurity solutions on the rise, TAC Security is well-positioned for continued growth. The company aims to onboard 10,000 clients by 2026, with 3,000 targeted new clients by March 2025. This strategic vision is supported by a robust pipeline and a commitment to innovation.
Recognition of Workplace Excellence TAC Security’s internal culture has been acknowledged as it was certified as a Great Place to Work® for the second consecutive year, reflecting the company’s dedication to fostering a high-trust, high-performance environment.
About TAC Security TAC Security, a global leader in cybersecurity and vulnerability management, made headlines with its oversubscribed IPO valued at $1 Billion. Its flagship platform, ESOF (Enterprise Security in One Framework), is renowned for its comprehensive capabilities in cyber scoring, risk quantification, and AI-driven vulnerability management.
Holding certifications such as CREST, PCI ASV, and ISO 27001, and partnering with major tech companies like Google, Microsoft, and Meta, TAC Security delivers innovative solutions to Fortune 500 companies, start-ups, and government agencies worldwide.
