This is a leading cybersecurity and managed services partner (VAR) with a 19-year legacy. The company has successfully evolved from a project-based systems integrator into a recurring-revenue “MSP 3.0” leader, perfectly positioned to capture the high-growth Indian enterprise security market.

Investment Highlights

• Established Pedigree: 19-year operating history with a blue-chip base of 500+ enterprise customers across BFSI, manufacturing, and healthcare.

• Scalable Operations: 24×7 centralized SOC/NOC operations leveraging a cost-efficient India-based delivery model.

• High-Quality Revenue: Targeting ~60% recurring revenue by FY27E, driven by long-term managed services contracts.

• AI-Enabled Advantage: Proprietary framework that decouples headcount from revenue growth, materially reducing incident response times.

• Capital-Light Model: Services-led cash flow profile with minimal capital expenditure requirements.

Core Operating Engines

Financial Highlights (Management Discussion)

Project Pi maintains a consistent growth trajectory with significant margin expansion potential through automation and service mix shift.

Strategic Note: The blended gross margin (~13-14%) includes hardware/software pass-through. The core services engine delivers high-value margins aligned with top-tier India IT benchmarks.

Market Context & Strategic Value

• Market Tailwinds: The Indian cybersecurity market is projected to reach $3.5-4 Billion by 2025, growing at an 18-20% CAGR.

• Growth Drivers: Fueled by cloud adoption, regulatory mandates (CERT-In), and rising digital threat exposure.

• Inorganic Opportunity: Significant “Buy-and-Build” potential in a highly fragmented regional market.

• Exit Pathway: Clear 3-4 year trajectory toward a strategic exit or sponsor-led IPO.

Transaction Overview

• The Deal: Sale of a controlling equity stake to a global strategic or financial partner.

• Continuity: Founder shareholders will remain post-close with a meaningful equity rollover to ensure leadership continuity and accelerate international growth.