Sattrix Secures Rs 9.30 Cr Cybersecurity Contract from SBI; Stock Gains 249% in a Year

Synopsis: Shares of Sattrix Information Security Limited have appreciated by 5% and are trading at the upper circuit on April 1, 2026, as the company announced two major pieces of news, including the receipt of a major mandate from the country’s largest lender, SBI, and the transition of its KMP.

Sattrix Information Security Limited, a cybersecurity firm based in Ahmedabad, has bagged a major contract from the country’s largest lender, SBI. The company, in its filing dated April 1, 2026, said that it had received a Letter of Intent from the State Bank of India for the provision of managed cybersecurity services.

The contract, amounting to Rs 9.30 crore, will include the monitoring of the system, the detection of threats, and the provision of managed security services to the Cyber Security Defence Centre of the bank. The contract is expected to be valid for three years, giving the company strong visibility in the coming years, up to 2029.

Sattrix Information Security Limited’s stock, with a market capitalization of approximately Rs 427.78 crores, rose to Rs 376.95, hitting its 5 percent upper circuit during the intraday session. The stock has demonstrated extraordinary momentum, delivering a staggering return of over 249.03 percent over the past year.

The shares remain significantly higher than their 52-week low Rs 108.00 as the market reacts positively to the SBI mandate, which validates the company’s technical standing in the critical infrastructure security domain.

Company Overview

Sattrix Information Security Limited is a company incorporated in 2013 and headquartered at Ahmedabad. It is a specialized company dealing with the provision of various data and cybersecurity services to various organizations and businesses in India, the USA, and the Middle East.

With the acquisition of Sattrix Software Solutions and the recent SBI deal, the company has managed to expand its reach and scope in the mission-critical financial infrastructure segment. Sattrix’s focus on high-end cybersecurity makes the company a high-value player in the digital defense segment of India’s cybersecurity industry.

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