Kratikal Tech IPO

Kratikal Tech is an AI-driven company that provides Software-as-a-Service (SaaS) cybersecurity solutions through its platform, along with cybersecurity consulting and regulatory compliance services.

The company earns revenue from two main business segments. The first is people security management, which includes the Threatcop product suite comprising TSAT, TLMS, TDMARC and TPIR. The second is technology & process security services, which include VAPT, compliance and GRC services, Virtual CISO (vCISO) advisory services and the AI-powered AutoSecT platform.

Threatcop follows a subscription-based business model. Customers generally purchase annual licences based on the number of users, with payments usually collected in advance for one-year contracts. The technology & process security services business follows an annual pricing model based on the number of assets being assessed. The AutoSecT platform is sold through annual as well as multi-year subscription plans. During FY26, TSAT was the company's largest revenue contributor, generating ₹15.85 crore, which accounted for 43.19% of total revenue, followed by VAPT, which contributed ₹12.84 crore or 34.98% of revenue. Compliance services generated ₹3.97 crore, contributing 10.83%, while TDMARC contributed ₹2.24 crore, representing 6.10% of FY26 revenue.

The company's customers include both small businesses and large enterprises operating in industries such as BFSI, fintech, telecom, IT/ITES, healthcare, pharmaceuticals, e-commerce and manufacturing across India as well as international markets. From a geographical perspective, India contributed 70.9% of FY26 revenue. Among international markets, the UAE contributed 9.6%, the USA contributed 8.1%, and Saudi Arabia contributed 5.5% of total revenue. Based on industry, Technology & Software was the largest customer segment, contributing 28.9% of FY26 revenue, followed by Manufacturing & Engineering at 13.4% and BFSI at 12.9%.