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TechD Cybersecurity Ltd, India's fastest-growing cybersecurity company, has registered its Red Herring Prospectus (RHP) with the regulators to raise Rs 40 crore through an Initial Public Offering (IPO) on the NSE Emerge platform. The price band for the issue is set at Rs 183-193 per share and the issue will open on September 15, 2025, and close on September 17, 2025.
One of the jewels in TechD's IPO process is the endorsement of veteran market player Vijay Kedia, whose connection is the proof of firm investor faith in the vision and growth trajectory of the firm.
One of the highlights of TechD's IPO process is the support of noted market veteran Kedia, whose link is evidence of strong investor belief in the vision and growth path of the company.
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Financial Performance
In FY 2024-25, TechD Cybersecurity's Profit After Tax (PAT) was Rs 837.06 lakh, which was a 158 per cent YoY improvement, with strong 97.73 per cent YoY growth in revenue.
Utilisation of IPO Proceeds
The company intends to use the IPO proceeds for strategic growth initiatives. About Rs 26 crore shall be used in building human resources, for TechD's expansion in North America, the Middle East, Africa.
Further funds will be invested in the establishment of Global Security operations center infrastructure under the TechDefence Cyber Valley project in Ahmedabad, which comprises India's biggest integrated cybersecurity GSOC.
Business Strength and Expansion
Established in 2017 by cyber businessperson Sunny Vaghela, TechD Cybersecurity has set up a team of 160 experts in seven Indian cities in no time. It is serving more than 470 customers, including 120 SMEs, 127 co-operative banks and fintechs, 200 SEBI-registered entities, and blue-chip corporates like Adani, Torrent, Astral, ETO Gruppe, and Zensar Technologies.
Sunny Vaghela -- well-known for cracking the 2008 Ahmedabad serial blasts cyber trail and helping the 26/11 Mumbai terror attack probe -- added: "With this IPO, we plan to boost our overseas expansion in North America, the Middle East, Africa, and Australia, making Gujarat the cybersecurity capital of India."
Future Outlook
TechD is also spending significantly on talent building and capacity development. The firm has developed over 3,000 students through academic collaborations and is establishing India's largest integrated cybersecurity GSOC (Global Security Operations Center).
In Ahmedabad, the new facility will feature an R&D centre, a training centre, an experience zone, and a 230x3-seater SOC, which will be the largest in the nation.
Cybersecurity Market Outlook
The worldwide cybersecurity market is also expected to grow at a CAGR of over 10 per cent and is expected to reach over $400 billion in 2030, driven by the rise in cyber attacks, adoption of cloud computing, and compliance needs. The Indian market is also witnessing high growth demand across BFSI, manufacturing, IT/ITES, and government sectors and expenditure is expected to triple over the next five years. Given this scenario, TechD Cybersecurity's expansion and IPO strategy could not have been better timed, enabling it to cash in on the growing need for advanced security solutions.
With robust financial strength, global ambitions in high gear, and the backing of ace investor Vijay Kedia, TechD Cybersecurity's IPO is set to command considerable institutional as well as retail investor interest.
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