Ahmedabad, September 9, 2025: TechD Cyber security Ltd, one of India’s fastest-growing cyber security firms, has filed its Red Herring Prospectus (RHP) with the regulators to raise upto Rs.39 crore through an Initial Public Offering (IPO) on the NSE Emerge platform. The company has fixed the price band at Rs.183–193 per share, with the issue opening on September 15, 2025 and closing on September 17, 2025.
A major highlight of TechD’s IPO journey is the backing of renowned market stalwart Vijay Kedia, whose association underscores strong investor confidence in the company’s vision and growth trajectory.
Financial Performance
In FY 2024–25, TechD Cyber security reported a Profit After Tax (PAT) of Rs.837.06 lakh, reflecting a 158% YoY increase, alongside a robust 97.73% YoY revenue growth.
Use of IPO Funds
The company plans to deploy the IPO proceeds towards strategic growth initiatives. Approximately Rs.26 crore will be invested in strengthening human resources, supporting TechD’s expansion into North America, the Middle East, Africa. Additional funds will be directed towards developing Global Security operations center infrastructure under the TechDefence Cyber Valley project in Ahmedabad, which includes India’s largest integrated cyber security GSOC.
Business Strength and Expansion
Founded in 2017 by cyber entrepreneur Sunny Vaghela, TechD Cyber security has rapidly built a team of 160 professionals across seven Indian cities. The company serves 470+ clients, including 120 SMEs, 127 co-operative banks and fintechs, 200 SEBI-registered entities, and leading corporates such as Adani, Torrent, Astral, ETO Gruppe, and Zensar Technologies.
Vaghela—renowned for his expertise in solving the 2008 Ahmedabad serial blasts cyber trail and contributing to the 26/11 Mumbai terror attack investigation—remarked: “Through this IPO, we aim to accelerate our global expansion into North America, the Middle East, Africa, and Australia, while positioning Gujarat as the cyber security capital of India.”
Future Outlook
TechD is also investing heavily in talent development and capacity building. The company has trained more than 3,000 students through academic partnerships and is setting up India’s largest integrated cyber security GSOC (Global Security Operations Center) in Ahmedabad. The upcoming facility will include an R&D hub, training center, experience zone, and a 230×3-seater SOC, expected to be the largest in the country.
Cyber security Market Outlook
The global cyber security market is projected to grow at a CAGR of over 10%, expected to surpass USD 400 billion by 2030, driven by rising cyber threats, cloud adoption, and regulatory compliance needs. In India, the market is witnessing accelerated demand across BFSI, manufacturing, IT/ITES, and government sectors, with spending expected to triple over the next five years. Against this backdrop, TechD Cybersecurity’s expansion strategy and IPO come at a pivotal time, positioning it to capitalize on the growing need for advanced security solutions.
With strong financial momentum, ambitious global ambitions, and the endorsement of ace investor Vijay Kedia, TechD Cyber security’s IPO is positioned to attract significant attention from both institutional and retail investors.