Ahmedabad's TechD Cybersecurity, Backed by Vijay Kedia, Announces IPO for Global Expansion
AI-Generated Summary
Ahmedabad-based TechD Cybersecurity Ltd. is launching an Initial Public Offering (IPO) on the NSE Emerge platform from September 15-17, 2025, aiming to raise ₹39 crore with a price band of ₹183-193 per share. Backed by market stalwart Vijay Kedia, the company reported significant financial growth in FY2024-25, including a 158% increase in Profit After Tax. Proceeds from the IPO will fund global expansion into North America, the Middle East, and Africa, and support the development of India's largest integrated cybersecurity Global Security Operations Center (GSOC) in Ahmedabad, positioning Gujarat as a cybersecurity hub.
In a nutshell
This IPO signals a significant milestone for an Ahmedabad-based cybersecurity firm, reinforcing Gujarat's growing prominence in the national technology landscape. The planned investment in a large GSOC in Ahmedabad and the ambition to establish Gujarat as a cybersecurity capital are poised to create local employment opportunities and stimulate economic growth in the region.
Source: The Tribune
