March 4, 2024
Cybersecurity agency TAC Safety on Monday mentioned the corporate is exploring capital elevating choices, together with an preliminary public providing (IPO) in early 2024. It is usually eyeing a income of Rs 100 crore by 2026.

Beeline Capital Advisors Non-public Restricted has been appointed the unique e-book working lead supervisor for the proposed IPO, the corporate talked about.

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“We are actually embarking on our subsequent progress stage – aiming for an almost ten-fold enhance in revenues by FY26 by natural progress and inorganic enlargement. In direction of this, we purpose to change into among the many few listed cybersecurity gamers globally,” Trishneet Arora, founder and CEO, TAC Safety, mentioned in a press release.

The corporate additionally talked about that it’s aiming for 10 million world purchasers. Furthermore, the cybersecurity agency mentioned that it acquired backing from inventory market veteran Vijay Kedia in 2016, fortifying its place out there.

Notably, TAC Safety has onboarded marquee professionals comprising trade stalwarts like Subinder Khuranna, William Could, Dr Siva Sivasubramanian, and US military brigadier normal Raphael Warren to its Advisory Board.

TAC Safety has additionally established strategic partnerships with trade leaders like TechMahindra, Deloitte, Ingram Micro, and IBM.

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The corporate’s numerous product line, together with ESOF VMP and ESOF CRQ, displays its complete method to cybersecurity. It has been related to NPCI to deal with the safety evaluation for UPI functions since 2017.Over time, TAC Safety has expanded its world footprint, serving over 200 purchasers throughout 15 nations.

Notable purchasers embrace the US state authorities, HDFC Restricted, DSP Mutual Fund, Bandhan Financial institution, and Fortune 500 firms.