Best Cyber Security Stocks in India
Best Cybersecurity Stocks in India: The threat of cybercrime is emerging not only in India but globally. According to the Computer Emergency Response Team of India (CERT-In), a total of 14 Lakh cybersecurity incidents were reported in 2022. The Reserve Bank of India reported that in the banking sector alone, the number of cybercrimes increased from 28 to 57 in 2019. In 2021.
Due to these alarming concerns, several Indian companies are building robust systems to protect their customers from cyber attacks and other cyber crimes. Let’s find out what they make and what purpose they serve. We’ll also take a quick look at their finances as we go through this list.
#1 Cybersecurity Stock in India – Expleo Solutions
Expleo Solutions A global engineering, technology and consulting services provider. We partner with leading organizations to drive digital transformation for businesses. Currently headquartered in Chennai, the company owns subsidiaries in the US, UK, UAE and Singapore.
Expleo Solutions also has branches in the Philippines and Belgium along with global delivery centers in Mumbai and Coimbatore. Expleo Solutions has over 30 years of successful operations in India, APAC, US, UK, Europe and the Middle East. Currently, banks and financial services Insurance customers across technology and digital transformation programs.
In May 2022, Expleo announced the acquisition of Lucid Technologies & Solutions (Lucid), a company specializing in data governance, data privacy and protection, and augmented analytics. The acquisition gives Expleo access to all of Lucid’s intellectual property (IP), business agreements and employees, comprised of a talented team of 50 data experts located in India and the United States.
Lucid has a client portfolio comprised of Fortune 500 companies and unicorns across a variety of industries, including BFSI, healthcare, retail, and manufacturing. This acquisition will strengthen Expleo’s data governance capabilities, security and consulting capabilities, complementing its overall data management efforts.
Exploo reported operating revenue of Rs. 903 Cr in FY23, up 22% from Rs. 743Cr in FY22. Net profit increased from Rs. 68 Cr in FY22 to Rs. 134Cr in FY23.
#2 Cyber Security Stock in India – Quick Heal Technologies
quick healing techniques Founded in 1995, it is a leading IT security solutions provider. It was initially called as CAT Computer Services Pvt Ltd but was renamed as Quick Heal Technologies in 2007. The company has launched India’s first version of DOS Antivirus program that performs computer maintenance and repair services. I started developing anti-virus software.
In 1998, the company released its first version for Windows applications. In 2012, we established subsidiaries in Kenya and Japan. With over 27 years of experience in the Indian market, Quick Heal holds over 30% pan-India market share. market leadership In the consumer business. The company supplies its products to more than 76 countries and 22 major destinations around the world.
Quick Heal’s business can be divided into three segments: Home & Small Office, Small Business, and Corporate & Government Network. The application runs on laptops, desktops, notepads, mobiles, smart devices, servers, clouds and networks.
The company announced that sales decreased by 19% to 130 million won. 342 Cr in FY22 to Rs. 278 Cr in FY 2023. Meanwhile, net profit fell sharply from 10 billion won due to increased staff costs and other expenses. 83 Cr in FY22 to Rs. 6 Cr in FY23.
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#3 Cybersecurity Stock in India – Sasken Technologies
Sasken Technologies is a product engineering and digital innovation company providing R&D solutions from concept to market, chip to perception, to customers across the semiconductor, automotive, industrial, consumer electronics, enterprise devices, satellite communications, telecommunications and transportation sectors.
Over the past 30 years, Sasken’s deep engineering capabilities and technology patents have helped transform more than 100 Fortune 500 customers and power more than one billion digital devices from state-of-the-art facilities in India, Finland, Germany and Japan.
Sasken has always been at the forefront of technology in the areas of cellular modems, wireless access networks and satellites, and more recently has provided cutting-edge solutions to automotive Tier 1 and OEM customers in the IVI, Body Electronics, and Instrument Cluster. , ADAS and autonomous vehicles, V2X and telematics domains.
We also specialize in cybersecurity services such as network security and data protection. Its main selling point is its security management services for consumer electronics, especially Android smartphones. It seeks to address more than 6,000 discovered vulnerabilities and exposures across more than 90 consumer device and enterprise equipment brands.
Sasken’s revenue showed a slow growth of just 3% at Rs. 434 Cr in FY22 to Rs. 447Cr in FY23. Net profit decreased by 22% from 10 billion won. 128 Cr in FY22 to Rs. FY23 has 99 Cr.
Cybersecurity Stocks in India – Bonuses
Ace Investor Vijay Kedia backed TAC Infosec IPO, which was subscribed over 86 times on the last day of issuance. The company issued shares in the MSME segment of NSE on March 27, 2024.
TAC Infosec provides risk-based vulnerability management and assessment solutions, cybersecurity quantification and penetration testing services. All these services are provided through software as a service model or in simple terms they are provided over the Internet.
Vulnerability management and assessment solutions are tools that find and fix weaknesses in a system that are prone to attack by external hackers. Cybersecurity quantification is the assessment of risks that can be measured and compared numerically. It then takes action based on the data to protect your system from intrusions.
TAC Infosec also offers penetration testing services that simulate a cyber-attack on your system or network. This allows you to build a more robust and robust system that hackers cannot break.
The company’s customers include banks and other companies. Financial institutions, government regulators and departments, large corporate entities (including offices) such as HDFC, Bandhan Bank, BSE, National Payments Corporation of India, DSP Investment Managers Private Limited, Motilal Oswal Financial Services Limited and NSDL e-Governance.
TAC Infosec reported total revenue of Rs. 10 Cr in FY23, up 96% from Rs. 5.1Cr in 2022. Meanwhile, the company’s net profit increased sevenfold from 50 billion won. 60 Lakh in FY22 to Rs. 5 Cr in FY23.
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conclusion
In this article about the best cybersecurity stocks in India, we learned that the cybersecurity industry in India is witnessing significant growth due to the increasing threat of cybercrime. Companies such as Expleo Solutions, Quick Heal Technologies, Sasken Technologies, and TAC Infosec are leaders in this space, providing powerful solutions to protect customers from cyberattacks and other cybersecurity threats.
Expleo Solutions strengthens its data governance, data privacy and augmented analytics capabilities through the recent acquisition of Lucid Technologies & Solutions. Quick Heal Technologies is a pioneer in the Indian cybersecurity market while Sasken Technologies specializes in network security and data protection.
As a relatively new player in the cybersecurity space, TAC Infosec has seen impressive growth in FY23, including a 96% increase in total revenue and a 7x increase in net profit. The company’s IPO, backed by ace investor Vijay Kedia, was oversubscribed by more than 86 times, indicating investors’ confidence in the company’s potential.
Overall, India’s cybersecurity industry presents significant opportunities for companies providing innovative and robust solutions to combat constantly evolving cyber threats. Companies with a strong focus on research and development and the ability to adapt to changing market dynamics are more likely to succeed in these fast-growing sectors.
Written by Nasir Hussein
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