TechD Cybersecurity Gears Up for Rs 40 Crore IPO, Backed by Investor Vijay Kedia
TechD Cybersecurity, a rising cybersecurity firm, is launching its IPO on September 15 with a price band of Rs 183-193 per share. The Rs 40 crore offering will remain open until September 17. Funds will be used for expansion into North America, Middle East, and Africa, and developing GSOC infrastructure in Ahmedabad. Founded in 2017, the company operates in seven Indian cities, employs 160 professionals, and serves over 470 clients. TechD reported a profit after tax of Rs 8.37 crore in FY25, marking a 158% YoY growth. The company is establishing India's largest integrated cybersecurity GSOC in Ahmedabad and has trained over 3,000 students through academic partnerships.
*this image is generated using AI for illustrative purposes only.
TechD Cybersecurity, a rising player in the cybersecurity sector, is set to make its market debut with a Rs 40 crore Initial Public Offering (IPO) scheduled to open on September 15. The company, which boasts the backing of prominent investor Vijay Kedia, has announced a price band of Rs 183-193 per share for the public offer that will remain open until September 17.
IPO Details and Fund Utilization
The cybersecurity firm has outlined clear objectives for the funds raised through the IPO:
- Rs 26.00 crore will be allocated to strengthen human resources and fuel expansion into North America, the Middle East, and Africa.
- The remaining funds will be directed towards developing Global Security Operations Center (GSOC) infrastructure in Ahmedabad.
Company Background
Founded in 2017 by Sunny Vaghela, TechD Cybersecurity has quickly established itself as a significant player in the cybersecurity landscape:
- Currently operates across seven Indian cities
- Employs a team of 160 professionals
- Serves over 470 clients, including notable names such as Adani, Torrent, Astral, ETO Gruppe, and Zensar Technologies
Financial Performance
TechD Cybersecurity has demonstrated strong financial growth:
| Metric | FY25 | YoY Growth |
|---|---|---|
| Profit After Tax | Rs 8.37 crore | 158% |
| Revenue | Not specified | 98% |
Strategic Initiatives
The company is making strategic moves to solidify its position in the cybersecurity market:
- Establishing India's largest integrated cybersecurity GSOC in Ahmedabad
- Fostering academic partnerships, having trained over 3,000 students to date
As TechD Cybersecurity prepares to go public, investors and market watchers will be keenly observing how this young company leverages its IPO proceeds to fuel growth and expansion in the rapidly evolving cybersecurity sector.
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