Vijay Kedia cybersecurity stock in focus as it aims to acquire 10,000 clients globally by FY26

India’s cybersecurity industry is growing rapidly, fueled by increased digital adoption, rising cyber threats, and strong government support. Key factors driving this growth include a large user base facing high cybercrime rates, significant investments in cybersecurity products, and a focus on sharing threat intelligence among organizations. 

India is becoming a global hub, generating 80 percent of its cybersecurity revenue from international markets, highlighting its critical role in addressing worldwide security challenges.

Share Price Movement

The shares of TAC Infosec Ltd (TAC Security), with a total market capitalization of Rs 1,168.48 Crores as of Wednesday, were trading at Rs 1,115 per share, which was 0.7 percent lower than the previous close of Rs 1,123. The shares of TAC Infosec Ltd have generated a multi-bagger return of 287 percent since its listing in April 2024. 

Acquisitions

TAC Infosec acquired a 60 percent shareholding of Cyberscope, a Europe-based Web3 Security Firm, specializing in smart contract audits and vulnerability assessment for blockchain-based applications. Through this acquisition, TAC Security expands its European footprint and its client base to over 6,000, with a goal to reach 10,000 by 2026. This acquisition adds an additional  USD 1.2 million in Revenue to TAC Security’s growth strategy.

Strategic Goals

The company aims to acquire 10,000 customers by the end of FY26, positioning itself as the largest vulnerability management firm by client base. The management highlighted that reaching this target in just two years is a strategic move, in contrast to similar companies that took decades to achieve the same milestone.

Client Base

Major Clients of Tac Infosec include Microsoft, Fujifilm, Casio, BlackBerry, Salesforce, Xerox, DBS, Bandhan Bank, Nissan, Dropbox, Zepto, etc. TAC Security onboarded over 350 clients from 85 countries in January, with prestigious names such as Druva, Virtu, Mesh Payments, Mobi Systems, and TodayPay joining its client roster.

In February 2025, the company added 360 new clients across 30 countries, including notable names like HSBC (Hong Kong), Asana, Graidd Technologies, Vendasta, RocketReach, and Monday. With this strong momentum, TAC Security is on track to achieve its goal of 3,000 clients by the end of FY25.

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Geographical Expansion

The acquisition of Cyberscope, a Europe-based Web3 security firm, gives TAC Infosec a strong foothold in the European market, where it previously had no physical presence despite serving customers. Additionally, a new step-down subsidiary, VULMAN Ltd, has been established in the UK to capitalize on the projected USD 12 billion cybersecurity market, which is five times larger than the Indian market. 

Cybersecurity Market

The cybersecurity market in India is projected to reach USD 5.56 billion by 2025, fueled by increasing cyber threats and the digital transformation of industries. Key trends driving this growth include AI, ML, and the need to secure cloud/IoT infrastructures, along with the security challenges posed by 5G. On a global scale, the cybersecurity market is expected to grow to USD 345 billion by 2026, with emerging threats such as ransomware-as-a-service (RaaS) further contributing to this expansion.

IPO Details

TAC Infosec Ltd debuted in the NSE SME on 5th April 2024, making a blockbuster debut with a share price of Rs 290, which is 173.58% higher than the issue price of Rs 106. The main objectives of the IPO were making investments in human resources and product development, acquiring TAC Security Inc. (Delaware, USA) and converting it into a fully owned subsidiary, and pursuing general commercial objectives.

About TAC Infosec Ltd (TAC Security)

TAC Security is a publicly listed cybersecurity company specialising in vulnerability management. Its flagship product, ESOF (Enterprise Security in One Framework), excels in cyber scoring, cyber risk quantification, and leveraging advanced AI for vulnerability assessment and penetration testing. The company has filed four product patents in the U.S.

As of September 2024, Ace investors Vijay Kishanlal Kedia own 10.95% of the company and Ankit Vijay Kedia own 3.65% of the company; thus in total, they own 14.6% of the company.

Written By Adhvaitha Nayani 

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