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
Siemens Energy IndiaHeavy Electrical EquipmentMention-only₹1.19 L CrP/E 80.2 vs 37.7ROCE 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₹72,776 CrP/E 19.2 vs 21.2ROCE 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₹31,739 CrP/E 18.7 vs 16.9ROCE 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₹22,089 CrP/E 34.7 vs 21.2ROCE 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₹405 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₹132 CrP/E 31.1 vs 18.9ROCE 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₹128 CrP/E 10.9 vs 32.0ROCE 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₹29 CrP/E 123.2 vs 18.9ROCE -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₹13 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 25.2ROCE 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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