Kratikal Tech Limited
Kratikal Tech Limited is an AI-driven cybersecurity SaaS company offering people security management and technology security services through its Threatcop and AutoSecT platforms. The company is launching a ₹39.69 crore SME IPO on the BSE SME platform.
Overview
About the Company
Founded in November 2013, Kratikal Tech Limited is an AI-powered cybersecurity firm that delivers SaaS-based cyber risk management through two core business lines. Under the Threatcop brand, it offers people security management tools including phishing simulations, security awareness training, email authentication, and incident response capabilities. Under the Kratikal brand, it provides technology and process security services such as vulnerability assessment and penetration testing (VAPT), red-team exercises, GRC consulting, virtual CISO services, and its AI-driven AutoSecT VMDR platform. The company is a CERT-In empanelled security auditor and is also empanelled by NSE for trading-member system audits. It serves clients across BFSI, fintech, telecom, IT/ITES, healthcare, pharmaceuticals, e-commerce, and manufacturing sectors in India and internationally. As of March 31, 2026, the company employed 200 people across management, engineering, sales, and administrative functions.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Invest in overseas subsidiaries — Threatcop FZ LLC (UAE) and Threatcop AI Inc (USA) — to fund sales and marketing activities and expand their workforce resources. (₹23.08 crore)
- › Allocate funds towards product development initiatives. (₹9.23 crore)
- › Deploy remaining proceeds for general corporate purposes. (₹7.38 crore)
✅ Strengths
- ✓ Operates a comprehensive people security management platform via its proprietary Threatcop suite, targeting human-layer cyber risks.
- ✓ Deploys AI-driven cybersecurity and vulnerability management capabilities through the Threatcop and AutoSecT platforms.
- ✓ Provides end-to-end security coverage spanning people, processes, and technology layers in a single integrated offering.
- ✓ Holds CERT-In empanelment as an Information Security Auditing Organisation, lending strong regulatory credibility.
- ✓ Offers real-time DMARC monitoring with sender identity visibility.
- ✓ Carries NSE empanelment for conducting system audits of trading members.
- ✓ Maintains a diversified cybersecurity service portfolio spanning VAPT, GRC, red teaming, and virtual CISO engagements.
- ✓ Runs a scalable SaaS-based business model with a growing recurring revenue base.
- ✓ Backed by an experienced management and technical leadership team.
- ✓ Has a broad client base spanning multiple industries and geographies in India and overseas.
⚠️ Risks
- ! The cybersecurity market is highly competitive, and sustained pressure from rivals could erode the company's pricing power, profit margins, and ability to retain clients.
- ! Revenue is disproportionately concentrated in the final quarter of each fiscal year, creating meaningful earnings seasonality and cash-flow variability.
- ! Any failure to renew or maintain key certifications and regulatory approvals could disrupt business operations and lead to loss of contracts.
- ! Overlapping business activities between the company and its subsidiaries or group entities may give rise to conflicts of interest.
- ! Equity shares were issued at prices significantly below the current IPO price band in the preceding year, which could negatively influence investor sentiment.