TAC Infosec Ltd(TAC)

NSE: TAC

₹ 339-1.68%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 713 crUpdated: 24 Oct 2026

About

TAC Infosec is a cybersecurity company that sells its ESOF vulnerability management platform, its Socify.ai SOC 2 compliance automation platform and CyberScope Web3 smart contract audits. Operating revenue was ₹57.26 Cr in FY26. As of FY26 it served 10,000+ clients across 100+ countries. In H1 FY26, when it had 7,500 clients, management described TAC as the 5th largest vulnerability management company in the world.^[1][2][3][4]

Business segments

ESOF platform: INR 151m in Q1 FY27, 76% of revenue.^[4]
Socify.ai (SOC 2 compliance automation) contributed INR 38m in Q1 FY27.^[4]
Services revenue was INR 8.8m in Q1 FY27. Management is keeping it low because the margins are low.^[4]
CyberScope (Web3 security) revenue was ~₹13.64 Cr in FY26, up from ₹10.5 Cr in FY25 (+50% YoY). Its team grew from 8 to 28 people.^[2]

Products and accreditations

Socify.ai launched in mid-September 2025. The basic plan price rose from $2,700 (discounted) to $4,500, and an enterprise plan costs $27,000.^[3]
Socify added more than 10 integrations in Q1 FY27 and over 20 since launch. It offers 135+ cloud checks and 40+ templates.^[4]
CyberScope AI, which audits smart contracts in 5 minutes instead of 5-10 days, launched around Q4 FY26. It will not be monetised for at least two more quarters.^[2]
In FY25 TAC became a Google MASA/CASA assessor, an ADA-approved lab and one of eight IoXT security labs worldwide, and gained ISO 17025 accreditation from A2LA.^[5]
Management expects the IoXT certification business to become meaningful in 24-36 months (Q1 FY27 call).^[4]

Key operating numbers

Socify.ai had 200 paid clients in Q1 FY27. The first 100 took six months; the next 100 came in three months.^[4]
Revenue per client was ~$1,500 as of Q1 FY27, up from under $1,000 a year earlier.^[4]
Revenue per client was $1,682 in H1 FY26, up 36% from $1,200 in H1 FY25.^[3]
Customers invoiced: ~1,800 in Q1 FY27. Active clients served: 650 at the March 2026 monthly exit.^[4][2]
In FY26 the company collected ₹45.64 Cr against its invoicing, about 80% of FY26 operating revenue.^[2]
Client base: 10,000+ in FY26, up from 7,500 in H1 FY26 and 6,000+ in FY25.^[2][3][5]
There were 74 employees on the rolls at March 31, 2025.^[6]

Customers and distribution

In Q1 FY27 the top-10 clients brought in $122,000 of revenue, and the largest single client less than $17,000.^[4]
About half of Socify customers come from the ESOF client base (Q1 FY27).^[4]
TAC works with 10 CPA partner firms and is building partner-led distribution around AWS and global compliance channels in FY27.^[4]
H1 FY26 included two large partner-led orders worth ~$1M from the Binance, Solana and Polygon ecosystems.^[2]

Subsidiaries and geography

Acquisitions include CyberSandia (US), Vulman (UK) and 60% of CyberScope (Greece), plus a UAE subsidiary (FY25 annual report).^[6]
TAC bought 60% of CyberScope in Feb 2025 at 3.5x PE. CyberScope had $1.2m revenue as of Dec 2024.^[5]
CyberSandia, the US public-sector arm, began operating in Q1 FY27. It is licensed in New Mexico and has a director and a CISO appointed.^[4]
Proposed FY27 transactions between subsidiaries equal 26% of consolidated turnover (FY26 annual report).^[7]

Plans and targets

FY27 group revenue guidance is INR 100 cr, with Q2 FY27 guided at 20% QoQ growth to ~INR 24 cr.^[4]
Targets for 2030: $100M ARR and $10K ARR per client.^[2]
Targets 10,000 Socify clients by 2030 and 10 brands under the TAC umbrella by 2030.^[4]
Plans to extend Socify to ISO, GDPR and HIPAA compliance.^[4]
Plans to invest $100 million in its AI and cyber platform by 2030, mainly from internal cash flows (H1 FY26 call).^[3]
Plans to migrate to the NSE main board around mid-2027, subject to regulatory requirements.^[4]

Recent developments

Q1 FY27: TAC proposed acquiring Safe House Technologies, an Indian-Israeli consumer cybersecurity firm with more than 1 million users, to form TAC Safe House. No terms were disclosed.^[4]
The CyberScope NASDAQ IPO is still being pursued. A new application was filed under revised rules in January 2026 and is awaiting NASDAQ's response.^[2]
Promoter Trishneet Arora was appointed CMD & CEO for 5 years from Sept 2, 2026 at nil remuneration.^[7]
CyberScope is weak because the crypto market is down (Q1 FY27), and the business is moving toward wider blockchain work.^[4]
FY26 other income included a ₹1.52 Cr negative fair-value movement on crypto assets held by CyberScope.^[2]

Market Cap

₹713 Cr

High / Low

₹900 / 347

Stock P/E

39.9

Price / Book

10.8

Book Value

₹40

EPS

₹10.7

No. of Shares

2.1 Cr

ROCE

38.1%

ROE

31.0%

OPM

49.2%

Debt / Equity

0.01

Sales

₹57 Cr

Net Profit

₹26 Cr

Promoter holding

55.8%

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