Vijay Kedia & Ankit Kedia’s portfolio multibagger IT stock: Company incorporates a subsidiary named Vulman Ltd in United Kingdom (UK)
The stock gave multibagger returns of 444 per cent from its 52-week low of Rs 261.10 per share.
TAC InfoSec Limited, India's first publicly listed cybersecurity company, has announced the incorporation of VULMAN LTD in the UK as a wholly-owned step-down subsidiary. VULMAN LTD, with an initial capital of £100, is a related party as it is a wholly-owned subsidiary of TAC Security Inc., a US-based subsidiary of TAC InfoSec. This strategic move aims to enhance TAC Security Inc.'s service offerings and strengthen direct engagement with UK government clients, allowing for seamless delivery of cybersecurity solutions. The incorporation does not constitute a related party transaction for TAC InfoSec. VULMAN LTD, incorporated on January 24, 2025, will operate in the cybersecurity industry and is funded through cash consideration, with TAC Security Inc. holding a 98 per cent share. No governmental or regulatory approvals are required, and no prior turnover exists as the company is yet to commence operations.
About the Company
TAC InfoSec Limited (NSE: TAC) is a publicly traded global cybersecurity company specializing in vulnerability management. As a prominent player in the industry, TAC Security made headlines with its highly successful USD 1 billion IPO. Their flagship product, ESOF (Enterprise Security in One Framework), leverages advanced AI and machine learning to provide comprehensive cybersecurity solutions, including vulnerability assessments, threat detection, and risk quantification. Recognized for its expertise, TAC Security holds prestigious certifications such as CREST, PCI ASV, and ISO 27001. The company serves a diverse clientele, ranging from Fortune 500 enterprises and government agencies to innovative startups, solidifying its position as a leader in the evolving cybersecurity landscape.
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Results: TAC InfoSec Limited has announced impressive financial results for the first half of FY25. The company recorded a 238.41 per cent surge in net profit to Rs 6.53 crore, up from Rs 1.93 crore in the same period last year. Operating income also saw a significant boost, increasing by 162.22 per cent to Rs 13.16 crore. For the second quarter, the company posted a net profit of Rs 4.21 crore and an operating income of Rs 8,02 crore. The company's total revenue for H1FY25 reached Rs 13.16 crore, including other income of Rs 0.85 crore. Notably, TAC InfoSec achieved a PAT margin of 49.6 per cent and an EBITDA margin of 54.4 per cent in H1FY25.
An ace investor, Vijay Kedia owns 11,47,500 shares or 10.95 per cent stake and his son - Ankit Vijay Kedia owns 3,82,500 shares or 3.65 per cent stake in the company as of September 2024. The stock gave multibagger returns of 444 per cent from its 52-week low of Rs 261.10 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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