February 20, 2024
Cybersecurity agency TAC Safety on Monday stated the corporate is exploring capital elevating choices, together with an preliminary public providing (IPO) in early 2024. It’s also 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 development stage – aiming for an almost ten-fold enhance in revenues by FY26 by way of natural development and inorganic growth. In the direction of this, we intention to turn out to be among the many few listed cybersecurity gamers globally,” Trishneet Arora, founder and CEO, TAC Safety, stated in an announcement.

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

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

TAC Safety has additionally established strategic partnerships with business 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 strategy to cybersecurity. It has been related to NPCI to deal with the safety evaluation for UPI purposes since 2017.Through the years, TAC Safety has expanded its world footprint, serving over 200 purchasers throughout 15 nations.

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