TAC Infosec Elevates Saransh Rawat to CTO; Vishal Jain Quits As CFO

SaaS cybersecurity startup TAC Infosec has elevated its head for AppSec and InfoSec, Saransh Rawat, to the position of chief technology officer (CTO).

Besides, the company also announced its chief financial officer (CFO) Vishal Jain stepping down from his role due to personal reasons. 

Shares of TAC Infosec saw a marginal rise on the NSE today (September 9), reaching an intraday high of INR 830.50. 

At 02:07 PM, the stock was trading at INR 784.55 on the NSE, marking a 5% fall from the Friday’s (September 6) closing session.

In 2021, Rawat joined TAC Infosec as the information security analyst and later served as the manager for application security.

Prior to that, from 2020 to 2021, he worked as information security analyst for information and cyber security company Paralok Information Security.

As per the company’s filing, Rawat has over 4 years of experience in digital footprinting, external threat management and performing cyber threat intelligence operations. He holds expertise in penetration testing and vulnerability assessment activities of complex applications, including operating systems and mobile devices. 

Along with this, the company has also onboarded American lawyer and former prosecutor Hector Hugo Balderas Jr as the additional director in its US subsidiary TAC Security Inc.

The development comes days afterTAC Infosec signed a share purchase agreement to acquire US-based cybersecurity firm Cyber Sandia for $25,000 to bolster its presence in the US public sector market.

Just days after this acquisition, on August 27, shares of the listed startup jumped 5% during intraday trading to reach an all-time high of INR 853.15 apiece on the BSE.

Founded by Trishneet Arora in 2016, TAC Infosec offers risk-based vulnerability management and assessment solutions, and other SaaS cybersecurity solutions to enterprises and small businesses. 

The company reported a 23% jump in its net profit in FY24 to  INR 6.33 Cr from INR 5.12 Cr in the previous fiscal.

After being listed on NSE in April, the company also saw its operating revenue zoom 17% to INR 11.84 Cr during the year under review from INR 10.09 Cr in FY23.