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TAC Infosec Appoints Saransh Rawat as CTO and Announces CFO Departure

• ByStartupStory     |    September 9, 2024

TAC Infosec, a leading SaaS cybersecurity startup, has announced the elevation of Saransh Rawat to the position of Chief Technology Officer (CTO). Rawat, who previously served as Head of AppSec and InfoSec, has been with the company since 2021, initially joining as an Information Security Analyst and later moving to the role of Manager for Application Security.

Rawat’s career includes a notable tenure at Paralok Information Security as an Information Security Analyst from 2020 to 2021. His expertise spans over four years in digital footprinting, external threat management, and cyber threat intelligence operations, with a strong focus on penetration testing and vulnerability assessment of complex applications, operating systems, and mobile devices.

In addition to Rawat’s promotion, TAC Infosec has announced that Vishal Jain, the company’s Chief Financial Officer (CFO), will be stepping down due to personal reasons. Jain’s departure marks a significant change in the company’s leadership as it continues to expand its footprint in the cybersecurity sector.

The company’s shares experienced a modest rise on the NSE today, reaching an intraday high of INR 830.50, although they were trading at INR 784.55 at 02:07 PM, reflecting a 5% decrease from the previous session’s close on September 6.

TAC Infosec has also recently welcomed Hector Hugo Balderas Jr, an American lawyer and former prosecutor, as an additional director in its US subsidiary, TAC Security Inc. This appointment comes on the heels of the company’s strategic move to acquire US-based cybersecurity firm Cyber Sandia for $25,000, aimed at strengthening its presence in the US public sector market.

On August 27, just days before this acquisition, TAC Infosec’s shares surged by 5% during intraday trading, reaching an all-time high of INR 853.15 apiece on the BSE.

Founded by Trishneet Arora in 2016, TAC Infosec provides risk-based vulnerability management, assessment solutions, and other SaaS cybersecurity services to enterprises and small businesses. The company reported a 23% increase in net profit for FY24, rising to INR 6.33 Crores from INR 5.12 Crores in the previous fiscal year. Its operating revenue also saw a 17% jump, reaching INR 11.84 Crores during the same period, up from INR 10.09 Crores in FY23.

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