Globesecure Technologies Ltd - Stock Valuation and Financial Performance

The company was originally incorporated as “Globesecure Technologies Private Limited” on February 19, 2016 as a private limited company under the Companies Act, 2013 pursuant to Certificate of Incorporation issued by the Registrar of Companies, Mumbai, Maharashtra. The company was converted into public limited company pursuant to shareholders resolution passed at an Extra-Ordinary General Meeting held of the Company on June 27, 2019, and name of the Company was changed to “Globesecure Technologies Limited” and a fresh Certificate of Incorporation dated August 02, 2019, was issued by Registrar of Companies, Mumbai, Maharashtra.

Globesecure Technologies is a digital transformation company in India with a focus on cyber security. The company has executed several cyber security transformation projects, infrastructure, and digital transformation projects for various institutions and also provide similar independent services to its clients. Through its wide range of offerings across multiple verticals, it possess capabilities spanning the digital lifecycle of services ranging from consultation, architecture, solution design, and implementation, to monitoring and providing managed services. It classify its business into the following lines of business: (i) Cyber Security, (ii) Integrated Enterprise Solutions, and (iii) Managed Services.

The company’s offerings range from entry-level services such as vulnerability assessments and penetration testing at the roadmap stage to solution customization and implementation at the execution stage, onsite as well as remote capabilities at the deployment stage, and comprise more evolved offerings in the form of the ‘pay-per-use’ MSSP model. Its services range from threat intelligence, threat monitoring, and threat detection to threat hunting and incident response, penetration testing and vulnerability management, and brand monitoring services. Its services include comprehensive advisory and managed security services to mitigate breaches and enable its clients to understand the threats they may be exposed to. Its offerings are aimed at equipping its clients with capabilities to assess security intelligence and operations. It also design SOCs for its clients using security analytics platforms from its key security solution partners and build enterprise-class SOCs for its clients. It enable 24x7 threat, detection, and fast response capability, enabled by threat intelligence from multiple sources and proactive threat hunting to identify and remediate advanced threats.

Business area of the company

Globesecure technologies (GST) is a nationally recognized systems and technology integrator that offers design, integration, and technical services, GST leads its clients through technology and system changes in Networking, Security, Performance, Acceleration, Monitoring, Application delivery control & Storage systems. It has created a structure that supports customers from solution design and project implementation to training and technical support after the project is complete.

Awards and Recognitions

• 2019: Awarded by Channel World and International Data Group for displaying exemplary leadership in a rapidly transforming digital technology landspace.
• 2021: Received ‘Top Partner Asia South’ by PulseSecure.
  

Major Events and Milestone

• 2016: Incorporated as ‘Globesecure Technologies Private Limited’.
• 2017: The company’s annual revenues from operations crossed Rs 7 crore.
• 2018 The company’s annual revenues from operations crossed Rs 10 crore for the first time.
• 2019: Conversion of Company from private limited company to public limited company.
• 2020: Tied up with Prominent OEM for launching new products.
• 2020: Purchased Property in Raigad for business purpose.
• 2021: The company’s annual revenues from operations crossed Rs 19 crore.