Vijay Kedia stock is gaining attention following the company’s recent expansion into Europe through the establishment of a new subsidiary in the UK
Vijay Kedia stock: Shares of a leading global cybersecurity company specializing in vulnerability management are attracting attention during Friday’s trading session, following the company’s announcement of expanding its presence in Europe with a new UK subsidiary.
With a market capitalization of Rs. 1,746 crores, the shares of TAC InfoSec Limited saw a significant surge of nearly 1.5 percent, reaching an intraday high of Rs. 1,697 on the NSE, compared to its previous closing price of Rs. 1,671.5.
The latest regulatory filings with the NSE revealed that TAC InfoSec Limited, also known as TAC Security, has established a UK-based step-down subsidiary named VULMAN Limited.
This strategic move underscores the company’s dedication to providing cutting-edge cybersecurity solutions and addressing the constantly evolving digital threat landscape in the UK and Europe.
The launch of VULMAN Limited represents a major milestone in TAC Security’s global expansion efforts and positions the company to meet the growing demand for advanced cybersecurity measures in the region.
As the UK emerges as a center for digital innovation, VULMAN Limited aims to tackle the unique cybersecurity challenges encountered by businesses, government entities, and enterprises throughout Europe.
The new step-down subsidiary will concentrate on promoting TAC Security’s flagship product, Enterprise Security in One Framework (ESOF), which offers innovative cyber scoring, risk quantification, and advanced vulnerability management solutions.
Financials
TAC InfoSec has reported a significant growth in revenue from operations, with a year-on-year increase of nearly 146 percent. Revenue rose from Rs. 5 crores in H1 FY24 to Rs. 12.3 crores in H1 FY25. The company also recorded a nearly 237 percent increase in net profit, reaching Rs. 6.5 crores in H1 FY25 compared to Rs. 2 crores in H1 FY24. This growth can be attributed to rapid client acquisition, cost optimization, and the increasing adoption of ESOF.
In just nine months, TAC Security successfully onboarded over 2,000 clients in 80 countries, including Fortune 500 companies and government entities. The company’s expansion into the UAE and acquisition of a cybersecurity firm in New Mexico have further solidified its presence in the GCC and US markets.
Shareholding Pattern
As of September 2024, the Promoters hold a 56.94 percent stake in the company, while FII holds a 3.78 percent stake and Retail Investors hold a 39.28 percent stake in TAC InfoSec. Additionally, Vijay Kishanlal Kedia holds a 10.95 percent stake in the company.
About the Company
TAC InfoSec Limited, known as TAC Security, specializes in providing risk-based vulnerability management and assessment solutions, cybersecurity quantification, and penetration testing services to organizations of all sizes through a “SaaS model.”
For more market insights, follow our blog.
Stay tuned for more updates and insights on the stock market! For more insights on investing in the Indian stock market, check out resource like ET, NSE India.
Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.