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AI-led cybersecurity firm Kratikal Tech files for SME IPO, eyes global expansion


Kratikal Tech, an AI-driven cybersecurity and Software-as-a-Service (SaaS) solutions provider, has filed its Draft Red Herring Prospectus (DRHP) with BSE SME, marking its first step towards an IPO. The proposed issue will comprise a fresh issue of up to 30 lakh equity shares with a face value of Rs 10 each.

The proceeds from the IPO will be used primarily to fund international expansion, strengthen product capabilities, and meet general corporate requirements.

A significant portion of the IPO proceeds will be directed towards scaling Kratikal Tech’s global footprint through investments in its overseas subsidiaries, Threatcop FZ LLC in the UAE and Threatcop AI Inc in the US.

The company plans to deploy these funds for sales and marketing initiatives, workforce expansion, and business development in international markets, reflecting its ambition to tap rising global demand for cybersecurity solutions.

In addition to geographic expansion, Kratikal Tech intends to invest in product development, focusing on enhancing its AI-driven cybersecurity platforms and expanding its service offerings to address evolving cyber threats.

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Founded as an AI-first cybersecurity company, Kratikal Tech operates on a dual-layered security model that combines People Security Management and Technology and Process Security. Through its Threatcop platform, the company focuses on mitigating human-centric cyber risks such as phishing by assessing employee behaviour and delivering targeted training.

Under the Kratikal brand, it provides security solutions for enterprise technology infrastructure, addressing vulnerabilities across networks, cloud environments, applications, mobile platforms, and APIs.Its AI-powered platforms, including Threatcop and AutoSecT, are designed to proactively identify, prioritise, and remediate cyber vulnerabilities. The company also offers services such as vulnerability assessment and penetration testing, red team exercises, application and infrastructure security, and governance, risk and compliance solutions.

Kratikal Tech caters to more than 638 clients across sectors including BFSI, fintech, telecom, IT and ITES, healthcare, pharmaceuticals, e-commerce, and manufacturing, with operations spanning India and international markets. The company employs over 184 skilled professionals and is empanelled as a security auditor with CERT-In and the NSE.

On the financial front, Kratikal Tech reported revenue of Rs 20.85 crore for the year ended March 31, 2025. EBITDA stood at Rs 5.51 crore, while profit after tax came in at Rs 4.23 crore, highlighting strong operating leverage in its SaaS-led business model.

With cybersecurity spending rising globally amid increasing digital adoption and regulatory scrutiny, Kratikal Tech’s proposed SME IPO positions it to capitalise on both domestic and international growth opportunities as it scales its AI-driven platforms and services.

Beeline Capital Advisors has been appointed as the book running lead manager to the issue, while KFin Technologies will act as the registrar.

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(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)



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