TAC InfoSec acquires 200 new clients including Microsoft and Lenovo

Expanding its global reach, cybersecurity solutions provider TAC InfoSec has added 200 new customers, including Microsoft and Lenovo, across 32 countries in September this year. Specialising in vulnerability management, TAC InfoSec Limited (TAC Security) is India's first publicly listed cybersecurity firm.

TAC InfoSec said its client base has now increased to 690 in the second quarter of the fiscal across 57 countries. Microsoft, Gen Digital, Brother Industries, Sedric, Yext, Freshworks, and Lenovo are among the company’s new clients, it said.

According to the company, the US is leading the customer acquisition numbers, followed closely by the UK and France, demonstrating TAC Security's broad geographic reach, with new clients spread across the US, Japan, China, India, and other key markets

Setting sights on the future, TAC InfoSec said it remains focused on its ambitious goal of becoming the world's largest vulnerability management company by March 2026. "The company is on track to meet its target of securing 10,000 customers globally by that date, with a near-term objective of acquiring 3,000 new clients by March 2025," it said.

Trishneet Arora, the Founder, Chairman and CEO of TAC InfoSec, said the surge in customer acquisitions during the first half of the fiscal is a "testament to the trust and confidence that global industry leaders" have in the company. TAC Security manages 5 million vulnerabilities through its artificial intelligence (AI)-based platform.

Meanwhile, during Wednesday's trading session, the shares of TAC InfoSec hit a 5% upper circuit at Rs 685.1. With a market capitalisation of Rs 716.8 crores, at 02:16 p.m. yesterday, the shares of TAC InfoSec Ltd were trading in the green at Rs 683.95, up by nearly 4.8%, as against its previous closing price of Rs 652.5.

Backed by the stock market expert Vijay Kedia, TAC InfoSec Limited debuted on NSE Emerge on April 5, 2024, with a 174% premium over the offer price. Through its first Initial Public Offering (IPO), the company raised ~Rs. 30 crores, and received bids surpassing $1 billion, leading to a 422-fold oversubscription.

The company reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 16%, rising from Rs 10 crores in FY23 to Rs 11.6 crores in FY24. During the same period, the company’s net profit rose from Rs 5.07 crores to Rs 6.3 crores, reflecting a growth of 24.3% YoY.