An accomplished founder and promoter, Mr. Sunny Piyushkumar Vaghela, who brings over 15 years of expertise in IT and Information Security, recently met with the IPOWatch team to discuss the company’s future growth plans. In the conversation, we learned how Mr. Vaghela evolved from being an ethical hacker to becoming the founder and promoter of TechD. He also shared the reason behind the company’s name change, detailed below.

The discussion further covered the upcoming IPO, open from September 15 to September 17, 2025, along with the benefits of the listing. Mr. Vaghela emphasized the importance of investing in human resources and expanding the Global Security Operations Center (GSOC) at Ognaj, Ahmedabad.

Q: From Ethical Hacker to Cybersecurity Leader – What is your long-term vision?

A: Our journey started with ethical hacking and has grown into creating India’s largest integrated cybersecurity ecosystem. Through TechD Cyber Valley in Ahmedabad, we are establishing a 60,000+ sq. ft. global hub for SOC services, R&D, training, and OT/vehicle security operations. Our goal is to position Gujarat as a global cybersecurity powerhouse, while expanding TechD internationally—covering Africa, the Middle East, and North America—and achieving significant post-IPO revenue growth with a focus on MSSP, SOC-as-a-Service, cyber program management, and regulatory compliance frameworks.

Q: Why change the name from Techdefence to TechD?

A: While we specialize in technology defense and protect organizations from real-world threats, the term “Defence” sometimes caused confusion and misinterpretation. To align with listing requirements and broaden investor appeal, we rebranded as TechD Cybersecurity Limited. The concise name “TechD” maintains strong brand recall while clearly defining our cybersecurity focus.

Q: What are your flagship offerings?

A: Our key services include:

• 24×7 GSOC/SOCaaS – incorporating SIEM, SOAR, UEBA, ATS, and Threat Intelligence.
• VAPT & Red Teaming – offensive security aligned with global standards.
• Governance, Risk & Compliance – covering ISO 27001, DORA, NIS2, SEBI, CEA, and RBI frameworks.
• Cybersecurity Training (HackTrack) – with over 75,000 students trained.

These solutions meet international benchmarks while retaining a cost-effective “Make in India” advantage.

Q: What is the timeline and capability of the Ahmedabad GSOC?

A: The TechD Cyber Valley campus on New Science City Road, Ahmedabad, is under development and will house a 200×3-seater SOC.

• Phase 1 (2025–26): Fully operational GSOC for BFSI, fintech, manufacturing, and government sectors.
• Capabilities: IT SOC, OT SOC, Vehicle SOC, AI-driven monitoring, and Threat Hunting.
• Staffing: Expandable to 400+ analysts and engineers.
• Proprietary Tech: Integrations with Positive Technologies (OT/ICS), in-house automation, and compliance dashboards.

Q: Who are the target clients?

A: Our GSOC will serve both domestic and international markets:

• India: BFSI, government, utilities, and manufacturing.
• Global: Africa, the Middle East, and North America (with a planned subsidiary).

Q: Why the focus on Human Resources?

A: We plan to allocate ₹26 crore from the IPO proceeds to HR development. As our client base grows, we need specialized senior talent in SOC, governance, and R&D. This investment will drive talent acquisition, leadership development, employee training, and the creation of a global workforce.

Q: How do you promote diversity and inclusion?

A: Our hiring is merit-based across gender, background, and geography. Women hold key technical and managerial roles, and we are building a global talent pool by recruiting in Africa, North America, and the Middle East. Planned ESOPs and culture-deck initiatives will support long-term inclusion, retention, and leadership diversity.

Q: What is Mr. Vijay Kedia’s role?

A: Renowned investor Mr. Vijay Kishanlal Kedia is one of our anchor pre-IPO investors. While his role is primarily financial, his mentorship and belief in TechD inspire us to think big and validate our long-term growth strategy.

Q: How will you scale the business over the next 3–5 years?

• Expand revenues from domestic to international markets.
• Broaden presence in Africa, the Middle East, and Europe.
• Productize services through SOC automation and compliance platforms.
• Invest in GSOC infrastructure and international subsidiaries.
• Use IPO funds for HR, R&D, acquisitions, and regulatory compliance solutions.

Q: Your margins are strong—how sustainable are they?

A: In FY25, we achieved a PAT of ₹8.40 crore (28% margin) and EBITDA of 40%. These margins are sustainable because:

• Our revenue model is largely recurring (SOCaaS, managed services, cyber program renewals).
• We maintain a debt-light structure with a Debt-to-Equity ratio of just 0.01.
• Automation within our scalable GSOC reduces delivery costs.