Cybersecurity

Selling security versus practising it: only companies with cybersecurity as a business line appear, and the quote shows which it is.

Core — the theme IS a principal business todayGrowing — real operations, not yet the main businessAnnounced — committed plans or orders, little revenue yetMention-only — appears only as outlook language
AccedereComputers - Software & ConsultingCore business₹18 CrP/E 27.1 vs 15.6ROCE 15.9%

The company's stated core business is end-to-end cybersecurity, confirmed by its tagline and the executive director's expertise in 'Cybersecurity and Information Technology' (p20).

“An End-To-End Cybersecurity Company”

Accedere Ltd - 531533 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 2
+1 more quote from the report

“The Company continues to focus on providing specialised cybersecurity audit, governance, risk and compliance solutions and technology-enabled compliance services.”

Accedere Ltd - 531533 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 32
Tata Consultancy ServComputers - Software & ConsultingGrowing₹7.52 L CrP/E 15.1 vs 15.6ROCE 53.9%

Cybersecurity is a real service line at TCS with a dedicated business head, contributing to its broader $11.5 billion new-age services portfolio and embedded across its Human+AI service autonomy model.

“US$ 11.5 billion in new-age services including Cloud, Data, Enterprise Solutions and Cyber Security”

Annual Report · p. 9
+1 more quote from the report

“TCS has strengthened advisory and consulting capabilities across key growth areas such as cybersecurity, cloud, and enterprise platforms.”

Annual Report · p. 15
Bharat ElectronicsAerospace & DefenseGrowing₹2.68 L CrP/E 43.7 vs 73.9ROCE 31.9%

Network & Cyber Security is operated as a dedicated Strategic Business Unit in the non-defence segment, and BEL has won awards (PSE Excellence Award, DSCI Award) for cyber security practices.

“Dedicated Strategic Business Units Homeland Security, Network & Cyber Security and Software Solutions”

Annual Report · p. 32
LTMComputers - Software & ConsultingGrowing₹1.16 L CrP/E 22.2 vs 15.6ROCE 24.8%

Cybersecurity is offered as a dedicated service line with global Cyber Defense Resiliency Centers (CDRCs) for continuous monitoring and remediation, but is one of several service offerings rather than the main business.

“Our cybersecurity practice positions cybersecurity as a strategic enabler of innovation. With an AI-infused, resilience-first approach, the service line integrates generative AI across the security framework to deliver proactive and adaptive protection.”

Annual Report · p. 16
+1 more quote from the report

“we blend industrial DNA with advanced technology expertise to deliver Enterprise AI, cloud-native platforms, ERP transformation, OT integration, cybersecurity, and real-time decision intelligence.”

Annual Report · p. 21
GMR AirportsAirport & Airport servicesGrowing₹92,676 CrP/E 190.8ROCE 0.8%

Subsidiary Raxa sells tech-enabled security services including an ICCC AI platform and AI-powered security analytics via EaseMyAI partnership.

“the launch of Raxa Shield, an ICCC AI enabled platform. Raxa strengthened its ManTech capabilities through strategic partnerships with EaseMyAI for AI-powered security analytics”

GMR Airports Ltd - 532754 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 21
Persistent SystemsComputers - Software & ConsultingGrowing₹86,258 CrP/E 44.4 vs 15.6ROCE 28.5%

Persistent sells cybersecurity services as a recognised business line, cited by ISG as a Leader in Cybersecurity Services & Solutions for the Midmarket in 2025.

“Named a Leader in ISG Provider Lens™ 2025 for Cybersecurity Services & Solutions (Midmarket)”

Annual Report · p. 32
CoforgeComputers - Software & ConsultingGrowing₹80,283 CrP/E 36.9 vs 15.6ROCE 17.2%

Coforge offers Cybersecurity as one of the service lines within its Cloud & Infrastructure Management Services (CIMS) practice, alongside cloud, network and digital workplace services.

“Our service offerings span across Cloud (Public, Private, Hybrid), DevOps & Automation, Data Centre, Network, Cybersecurity, Digital Workplace Services, and IT Services and Operations Management.”

Annual Report · p. 22
Tata CommunicationsTelecom - Cellular & Fixed line servicesGrowing₹48,026 CrP/E 50.8 vs 41.1ROCE 10.0%

Cybersecurity is a stated current business line, delivered via the Cloud and Security Fabric including SASE-aligned architectures, secure cloud networking and sovereign infrastructure.

“We lead with trust, enabling digital transformation for enterprises worldwide through core and next-generation connectivity, cloud hosting and cybersecurity solutions, collaboration and connected solutions, and media services.”

Annual Report · p. 6
+1 more quote from the report

“Cybersecurity is embedded across our digital fabric, reflecting the growing convergence of cloud, network and endpoint environments.”

Annual Report · p. 19
Hexaware TechnologiesComputers - Software & ConsultingGrowing₹31,296 CrP/E 23.3 vs 15.6ROCE 11.7%

Hexaware offers cybersecurity (including IAM) as part of its Digital IT Operations services and made a dedicated acquisition (CyberSolve) to expand identity-security capabilities.

“CyberSolve brought more than 230 identity and access management specialists into the business at the moment identity security became a defining governance challenge in enterprise technology deployment.”

Annual Report · p. 12
+1 more quote from the report

“The hardest ceiling for AI adoption is due to concerns about securing AI. With CyberSolve, we have deepened our expertise in security, reinforcing the governance foundations enterprises need to scale AI.”

Annual Report · p. 15
Tata ElxsiComputers - Software & ConsultingGrowing₹18,664 CrP/E 28.5 vs 15.6ROCE 25.7%

Cybersecurity is delivered as a service line within Tata Elxsi's Systems Integration & Support (SIS) segment alongside cloud, DevOps and network operations, supporting enterprise solutions for clients.

“The SIS segment focuses on integrating specialised technology systems and digital infrastructure, delivering experience centres, simulation environments, design visualisation systems and enterprise solutions spanning cloud, DevOps, cybersecurity and network operations.”

Annual Report · p. 9
Zensar TechnologiesComputers - Software & ConsultingGrowing₹9,988 CrP/E 12.9 vs 15.6ROCE 20.7%

Cybersecurity is offered as a service line within the Cloud Infrastructure & Security vertical, including the proprietary ZenSOC managed detection and response platform, but is not a standalone revenue segment.

“Cybersecurity, resilience, and compliance services, spanning AI native security, managed detection and response (ZenSOC), zero trust identity, cloud security posture management, and security for AI workloads and data”

Annual Report · p. 10
+1 more quote from the report

“Products and Platforms Marketing and Engagement Data Engineering and Analytics Applications Services Cloud Infrastructure and Security”

Annual Report · p. 18
Tata Teleserv(maharastra)Telecom - Cellular & Fixed line servicesGrowing₹6,416 CrP/E 172.7 vs 41.1ROCE 1.3%

TTML lists Cyber Security Solutions (Email Security, Endpoint Security, Data Loss Prevention) as one of its product suite categories, and bundles security into offerings like Secured ILL (NGFW) and Managed SASE/ZTNA, making it a real but non-core revenue line.

“Cyber Security Solutions – Email Security – Endpoint Security – Data Loss Prevention”

Annual Report · p. 10
MastekComputers - Software & ConsultingGrowing₹5,109 CrP/E 12.2 vs 15.6ROCE 15.7%

Mastek provides cybersecurity training and advisory to NHS England leadership, backed by NCSC assurance, as an active cyber-resilience service line alongside its broader UK public-sector work.

“Mastek, a trusted partner in digital engineering and cloud transformation, is proud to have been chosen by National Health Service (NHS) England to deliver vital cybersecurity training for NHS Boards and Senior Information Risk Owners (SIROs), in collaboration with Templar Executives.”

Annual Report · p. 36
Route MobileOther Telecom ServicesGrowing₹2,615 CrP/E 10.5ROCE 12.2%

Digital identity, fraud prevention and secure verification (including the 365guard operator firewall product) are a growing business line within the CPaaS platform, augmented by Telesign's authentication capabilities.

“Our Digital Identity and Security portfolio now includes fraud detection, anti-phishing capabilities, silent verification, SIM swap detection and device location verification, leveraging Konera for Network API-enriched solutions.”

Route Mobile Ltd - 543228 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 5
Creative NewtechTrading & DistributorsGrowing₹1,593 CrP/E 24.5 vs 15.8ROCE 21.0%

Creative Newtech distributes Kaspersky cybersecurity solutions across India as part of its expanded technology portfolio.

“Through our partnership with Kaspersky, we expanded our cybersecurity offerings across North, West and East India.”

Creative Newtech Ltd - 544631 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 8
Allied Digital Serv.IT Enabled ServicesGrowing₹557 CrP/E 15.5 vs 18.5ROCE 5.8%

Allied Digital provides cybersecurity architecture and managed security capabilities, including prevention, detection, response and compliance, as a named service line but not a standalone main business.

“With cyber threats growing in scale and sophistication, Allied Digital delivers a comprehensive and proactive security architecture. Our AIM 360° framework integrates prevention, detection, response and compliance – ensuring robust protection across enterprise environments”

Allied Digital Services Ltd - 532875 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 7
+2 more quotes from the report

“Our AIM 360 cybersecurity framework combined with our expertise across cloud infrastructure, digital engineering and managed services enables customers to address increasingly complex technology requirements through a single accountable partner.”

Allied Digital Services Ltd - 532875 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 18

“Allied Digital has expanded its cybersecurity portfolio beyond OT security to include comprehensive consulting, assessment, implementation and DPDP-readiness support.”

Allied Digital Services Ltd - 532875 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 29
Workmates Core2cloud SolutionComputers - Software & ConsultingGrowing₹488 CrP/E 24.8 vs 15.6ROCE 24.3%

Cybersecurity is an explicitly listed service line (Secure Cloud Platform) with delivered customer engagements, but cloud services remain the principal business.

“Workmates Core2Cloud Solution Limited (Workmates) is a cloud and digital technology services company working with enterprises across cloud, managed services, cybersecurity, data and emerging AI requirements.”

Workmates Core2Cloud Solution Ltd - 544610 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 4
CSM TechnologiesCSMGrowing₹469 Cr

Cybersecurity is offered as a dedicated service line providing data security, application security, network & surveillance for public-sector platforms handling citizen identity and entitlements; the company also holds ISO 27001 and SOC 2 Type II certifications.

“IT Facilities, Cyber Security & Partner Services Security, audit and compliance for platforms handling citizen identity and entitlement data, meeting the obligations applicable to public-sector deployment across incident reporting, data localisation and approved hosting environments.”

CSM Technologies Ltd - 544806 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 27
Cybertech Systems & SoftwComputers - Software & ConsultingGrowing₹400 CrP/E 12.9 vs 15.6ROCE 18.2%

CyberTech sells managed security and DevSecOps services as a distinct offering (incl. its DataSafe framework securing GIS workloads) to government and commercial cloud customers, alongside its geospatial and SAP practices.

“We deliver enterprise-grade DevSecOps services across government and commercial clouds that meet HIPAA, CJIS and FedRAMP compliance standards.”

CyberTech Systems and Software Ltd - 532173 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 7
Istreet NetworkIT Enabled ServicesGrowing₹274 CrP/E 21.3 vs 18.5ROCE 11.9%

Cybersecurity is explicitly listed as one of the company's technology solutions/service focus areas, but it is one of several offerings with AI being the primary business.

“The Company operates in the Information Technology and Artificial Intelligence industry, with a focus on providing technology solutions and services across Artificial Intelligence, AI infrastructure, cybersecurity, data intelligence, IT operations, observability, governance, risk and compliance.”

iStreet Network Ltd - 524622 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 25
Methodhub SoftwareComputers - Software & ConsultingGrowing₹138 CrP/E 9.3 vs 15.6ROCE 26.0%

Cybersecurity is one of several service lines in Methodhub's diversified IT services portfolio, alongside cloud, data, and enterprise applications, supported by ISO/IEC 27001 and SOC 2 Type II certifications.

“The Company operates as a diversified technology solutions provider, offering consulting, engineering, enterprise applications, cloud services, cybersecurity, data services, recruitment solutions, and Artificial Intelligence-based offerings through a single integrated platform.”

Methodhub Software Ltd - 544637 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 35
WEP SolutionsIT Enabled ServicesGrowing₹118 CrP/E 35.2 vs 18.5ROCE 2.5%

Cybersecurity is a stated capability in Wepsol's FluidPro managed IT services portfolio, with explicit SOC, MDR, and compliance offerings as part of its digital workplace service stack.

“Through FluidPro, Wepsol continues to expand its managed IT capabilities across network management, endpoint management, cybersecurity, cloud support, service desk operations and infrastructure monitoring.”

WEP Solutions Ltd - 532373 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 11
AccelComputers - Software & ConsultingGrowing₹67 CrP/E 13.1 vs 15.6ROCE 1.5%

Accel IT Services operates SOC/NOC and provides managed cybersecurity services (VAPT, 24x7 monitoring, ISO certification enablement) as a current business line within its overall IT services portfolio.

“Accel ITS has built State-of-the-art SOC and NOC that is managed by experienced & certified subject matter experts across different practices. We are ISO 27001 – 2013 certified and in the process of getting CERT-In empanelled.”

Accel Ltd - 517494 - CHANGE IN COVER PAGE AND DESIGN OF THE ANNUAL REPORT OF THE COMPANY FOR THE FINANCIAL YEAR 2025-26, WITH NO CHANGE IN CONTENT - IN CONTINUATION OF DISCLOSURE MADE UNDER SEBI (LISTING OBLIGATIONS & DISCLOSURE REQUIREMENTS) REGULATIONS, 2015. · Sept 2026 · p. 8
+1 more quote from the report

“The portfolio of services includes life cycle support for new generation IT infrastructure, Warranty fulfillment services, Managed Print services and Cyber security services.”

Accel Ltd - 517494 - CHANGE IN COVER PAGE AND DESIGN OF THE ANNUAL REPORT OF THE COMPANY FOR THE FINANCIAL YEAR 2025-26, WITH NO CHANGE IN CONTENT - IN CONTINUATION OF DISCLOSURE MADE UNDER SEBI (LISTING OBLIGATIONS & DISCLOSURE REQUIREMENTS) REGULATIONS, 2015. · Sept 2026 · p. 33
Benchmark Computer SolutionsIT Enabled ServicesGrowing₹32 CrP/E 6.4 vs 18.5ROCE 14.7%

IT Security is listed as one of five service sub-segments under the company's IT Infrastructure and Technology Solutions business line, confirming cybersecurity solutions are a current revenue-generating offering, though not the principal business.

“- IT Equipment Sales and Rental - IT Networking Solution - Datacentre Solutions - IT Security - Data Backup and Recovery Solutions”

Benchmark Computer Solutions Ltd - 544052 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 8
IDream Film Infrastructure ComComputers - Software & ConsultingGrowing₹7 CrROCE 3.7%

Through its recently acquired 100% subsidiary eTunnel Inc., the company now operates a biometric security hardware business producing access devices, smart cards and a finger-vein hardware wallet.

“We have completed the acquisition of a 100% equity stake in eTunnel Inc., a Seoul-headquartered biometric security business: twenty-five people, eight of them researchers, making biometric access devices, fingerprint and payment smart cards, and a finger-vein secured hardware wallet.”

IDream Film Infrastructure Company Ltd - 504375 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 3
+1 more quote from the report

“To carry on the business of research, innovation, development, design, engineering, manufacture, assembly, integration, testing, installation, commissioning, operation, maintenance, commercialisation and deployment of information technology, software, hardware, electronics, telecommunications, artificial intelligence, machine learning, cybersecurity, cloud computing, data centres, Internet of Things, robotics, automation, digital platforms”

IDream Film Infrastructure Company Ltd - 504375 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 23
ECS BiztechComputers - Software & ConsultingGrowingROCE -7.9%

Managed Security Services is listed as one of the company's core service lines alongside its data centre offerings, but it is a supporting line rather than the principal business.

“The company is serving the clientele from last one and half decade with the comprehensive managed data center, public cloud solutions and cyber security services.”

ECS Biztech Ltd - 540063 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 3
Awfis Space SolutionsDiversified Commercial ServicesAnnounced₹1,704 CrP/E 20.1 vs 13.6ROCE 3.8%

TechLabs plans to launch cybersecurity services as part of its managed-IT offering, with no current revenue and only ISO/IEC 27001:2022 alignment work underway.

“TechLabs plans to roll out cybersecurity services toward the end of the current financial year, alongside a broader effort to strengthen its internal risk management and compliance framework, including working toward ISO/IEC 27001:2022 certification”

Awfis Space Solutions Ltd - 544181 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 18
Prostarm Info SystemsOther Electrical EquipmentAnnounced₹751 CrP/E 19.0 vs 24.6ROCE 14.9%

Proposed amendment to the Objects Clause adds cybersecurity as part of the company's IT infrastructure and digital technology services offering.

“networking, communication, cloud, data center, cybersecurity, storage, computing, surveillance, audio-visual, automation, Internet of Things (IOT), Artificial Intelligence (AI), Machine Learning (ML), Industrial Automation, Smart Infrastructure”

Prostarm Info Systems Ltd - 544410 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 18
Siemens Energy IndiaHeavy Electrical EquipmentMention-only₹1.13 L CrP/E 76.1 vs 36.5ROCE 15.8%

Cybersecurity is mentioned as an industry-level need for India's evolving grid, not as a product line or managed security service offered by Siemens Energy India.

“the complexity will lead to a focus on digitalization and cybersecurity for effective and efficient management.”

Annual Report · p. 8
NHPCPower GenerationMention-only₹71,973 CrP/E 19.0 vs 20.4ROCE 2.7%

Cybersecurity is listed as an emerging technology priority in the CMD's vision; it is not described as a marketable business line or product.

“The vision also emphasizes meeting sustainable energy targets through the integration of Artificial Intelligence (AI), along with the adoption of other new and emerging technologies such as: EV integration into the grid, cybersecurity and digital protection, green hydrogen, bioenergy and energy storage.”

Annual Report · p. 16
RedingtonTrading & DistributorsMention-only₹30,351 CrP/E 17.8 vs 15.8ROCE 15.7%

Security is mentioned as a future capability area Redington is building; it is not described as a cybersecurity product or service business line.

“Capability building in new-age technology like AI, cloud, software & security, which is growing to be a dominant business line in future.”

Annual Report · p. 35
SJVNPower GenerationMention-only₹21,300 CrP/E 33.5 vs 20.4ROCE 2.8%

Cybersecurity is mentioned only in the CMD's aspirational vision for future technology adoption, not as a business line or product offering.

“The vision also emphasizes meeting sustainable energy targets through the integration of Artificial Intelligence (AI), along with the adoption of other new and emerging technologies such as: EV integration into the grid, cybersecurity and digital protection, green hydrogen, bioenergy and energy storage.”

SJVN Ltd - 533206 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 5
A B InfrabuildCivil ConstructionMention-only₹798 CrP/E 20.8 vs 14.6ROCE 12.9%

Cybersecurity is discussed only as a macro/industry risk commentary, not as a business line the company sells.

“Cybersecurity & Digital Resilience: Cybersecurity has emerged as India's most severe immediate systemic risk.”

A B Infrabuild Ltd - 544281 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 28
Aqylon NexusTV Broadcasting & Software ProductionMention-only₹403 CrROCE 245.0%

Cybersecurity appears only as one item in a list of growth opportunities and as a risk factor, not as an actual business line.

“Cybersecurity and AI infrastructure security;”

Aqylon Nexus Ltd - 530943 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 32
DCMIT Enabled ServicesMention-only₹131 CrP/E 30.8 vs 18.5ROCE 7.7%

Cybersecurity is listed alongside automation and AI as a growth-pursuit area for DCM Infotech, but no specific cybersecurity business line, product or revenue is described.

“DCM Infotech continues to pursue growth opportunities in automation, AI-led business transformation and IT operations and cybersecurity”

DCM Ltd - 502820 - Notice Of 136Th Annual General Meeting And Annual Report Of The Company For The Financial Year 2025-26 · Sept 2026 · p. 17
Parnax LabPharmaceuticalsMention-only₹130 CrP/E 11.0 vs 31.2ROCE 12.1%

Cybersecurity is mentioned only as an external risk factor requiring understanding, not as a product, service or business line of the company.

“The technological developments in healthcare as a whole, such as artificial intelligence and 3D printing and their impacts on business models, operations, workforce needs and cybersecurity risks need careful understanding as obsolescence can quickly steal in.”

Parnax Lab Ltd - 506128 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 36
USG Tech SolutionsIT Enabled ServicesMention-only₹31 CrP/E 129.0 vs 18.5ROCE -0.9%

Cybersecurity is named as one of the proposed new lines under the 'Emerging Technologies & Digital Innovation' expansion; not yet a business with any revenue.

“To develop, deal in, trade, innovate, and conduct research in the fields of Artificial Intelligence (AI), Cybersecurity, Robotics (including Autonomous Robots), Machine Learning (ML), Media (both online and offline), Marketing, Telecommunications, Internet technologies, and other futuristic technologies, including capacity building and skilling in these areas.”

USG Tech Solutions Ltd - 532402 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 22
GravityOther Textile ProductsMention-only₹14 CrP/E 0.5 vs 16.4ROCE 100.5%

Cybersecurity is mentioned only as one item in a long list of proposed IT services in the MOA alteration, not given dedicated focus.

“information technology, software, hardware, firmware, digital products, artificial intelligence and machine learning solutions, Internet of Things solutions, cloud-based solutions, data analytics, cybersecurity, automation and other technology products and services”

Gravity India Ltd-$ - 532015 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 12
Vellora ImpactSpecialty ChemicalsMention-only₹8 CrP/E 0.6 vs 24.3ROCE 681.8%

Cyber security solutions is listed as part of the company's IT business objects/way-ahead scope, but no segment revenue or operational evidence is provided in the opening section.

“To carry on the business of Information Technology (IT) including development, design, programming, coding, testing, customization, implementation, maintenance and support of computer software, mobile applications, websites, ERP solutions, IT-enabled services, cloud services, data analytics, cyber security solutions, and all related IT consultancy and advisory services.”

Vellora Impact Ltd - 531257 - Reg. 34 (1) Annual Report. · Sept 2026 · p. 31
How this list is built

Definition used: Sells cybersecurity software, hardware or managed security services as a business line — not merely "we invest in our own security". Membership is extracted from each company’s newest annual report; every quote is validated against the report page before publishing, and core/growing tiers are confirmed by a second independent read (marked ). Companies whose reports our corpus hasn’t read yet simply aren’t listed — absence means unread, not “no exposure”.

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