TAC Infosec Ltd - Stock Valuation and Financial Performance

The company was originally incorporated as ‘TAC Infosec Private Limited’ as a Private Limited Company, under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated August 01, 2016, issued by the Registrar of Companies, Central Registration Centre. Subsequently, pursuant to a special resolution passed by its Shareholders in the Extra-Ordinary General Meeting held on December 14, 2023, the company was converted from a private limited company to public limited company and consequently, the name of the company was changed from ‘TAC Infosec Private Limited’ to “TAC Infosec Limited” and a fresh certificate of incorporation dated December 29, 2023 was issued to its Company by the Registrar of Companies-Chandigarh. 

The company is engaged in the business of providing risk-based vulnerability management and assessment solutions, cybersecurity quantification and services of Penetration testing to organizations of any scale, size, and business through ‘SaaS model’. The company offers security software products and solutions both in India and internationally. Its end customers are Banks and financial Institutions, government regulatory bodies and departments, large-scale enterprises (including business offices) like HDFC, Bandhan Bank, BSE, National Payments Corporation of India, DSP investment Managers, Motilal Oswal Financial Services and NSDL e-Governance. The company’s flagship software product is ESOF (Enterprise Security in One Framework) which was launched in 2018. ESOF is a vulnerability management platform consisting of various product portfolio namely ESOF Appsec, ESOF VMP, ESOF VACA, ESOF PCI ASV, ESOF CRQ. All the products launched under ESOF Platform have wide range of applications ranging from vulnerability management solutions for web and application-based data, compliance assessment, and cyber risk quantification.

Vulnerability Management is the continuous process of identifying, assessing, prioritizing, mitigating, and remediating the vulnerabilities across the complete Information Technology infrastructure of the organization. Cybersecurity of the organizations needs to be monitored in real-time and remediated as soon as possible to avoid attacks, this activity is often overseen by organizations through vulnerability management tools or products. While, Risk-Based Vulnerability Management (RBVM) is the process of prioritizing vulnerabilities for remediation based on the level of risk each vulnerability discovered, poses to organization and IT Infrastructure. The RBVM method allows the organization to prioritize their vulnerabilities discovered on the basis of the severity, making it time and cost-effective while having a concrete cybersecurity process in place.

ESOF offers a robust vulnerability assessment mechanism that scans and identifies potential security loopholes within the IT infrastructure and along with configuration assessment, it ensures that IT systems are not only free from vulnerabilities but also configured optimally to resist potential threats. Also, ESOF’s auto-prioritization feature utilizes advanced algorithms to rank vulnerabilities based on their severity, potential impact, and exploitability, ensuring that critical issues are addressed promptly. Apart from above, ESOF also provides Asset Tiering, Business Unit Regrouping and Cyber score services. These services, coupled with risk quantification, provide senior management and board members with a well-informed and strategically planned approach to navigating the challenges and opportunities within their organizations. ESOF platform is more than just a vulnerability management tool as it provides comprehensive framework that empowers organizations to navigate the complex cybersecurity landscape.

Business area of the company

TAC Infosec offers risk-based vulnerability management and assessment solutions, cybersecurity quantification and services of penetration testing to domestic and international organisations of any scale, size, and business through the SaaS model. The company launched Enterprise Security in One Framework (ESOF) Platform on SaaS (Software as a Services) Model in 2018 under the guidance and leadership of its Promoters and Directors. Under the umbrella of ESOF, the company has launched total of 5 Product by the name of ESOF Appsec, ESOF VMP, ESOF VACA, ESOF PCI ASV, ESOF CRQ. It also provides services of Penetration Testing, commonly known as pen testing, is a form of ethical hacking aimed at discovering and remedying security vulnerabilities in networks, systems, and applications. The company is a CREST (Council for Registered Ethical Security Testers) certified company offering assurance to clients regarding the security of their data. The company’s services align with regulatory requirements such as GDPR and ISO 2700.

Major events

• 2016-17: The company was incorporated as a private limited company under the name “TAC Infosec Private Limited”.
• 2017: The company becomes CERT-In (Indian Computer Emergency Response Team) Empanelled company by Ministry of Electronics & Information Technology.
• 2018: Recognised as Start-up by DIPP
• 2019: The company was awarded “COMPANY OF THE YEAR 2019” by The Golden Bridge Awards.
• 2020: The company was part of elite BW BUSINESSWORLD TECHTORS 2020.
• 2020: The company was recognized as “BEST COMPANY TO WORK FOR 2020” by Business Sight Media.
• 2021: The company wins Globee 2021.
• 2021: The company was announced “START-UP OF THE YEAR 2021” by The Globee.
• 2021: The company was awarded “BUSINESS INNOVATION” by Entrepreneur Awards 2021.
• 2021: The company was featured in NASDAQ, TIMES SQUARE BILLBOARD.
• 2022: The company was awarded by The Globee in following categories; Start-up of the year-Artificial Intelligence; Start-up of the year-Business Products; Start-up of the year-Business Services; Start-up of the year-IT Cloud/SaaS; Start-up of the year-IT Services; Start-up of the year-Security Cloud/SaaS; Start-up of the year-Security Services; and Start-up of the year-Others.
• 2023-24: The company was certified as “A GREAT WORKPLACE” under 100 employees for assessment conducted by Great Place to Work Institute, India.
• 2023-24: Conversion of the company from Private Limited to Public Limited Company.