Quick Heal’s Big Win: Rs 18-Crore NFSU Pact to Supercharge India’s Cybersecurity Talent

Updated: May 10, 2025 12:26

Image Source: Dr Vijay Malik

Quick Heal Technologies, one of India's leading cybersecurity solutions providers, has secured a major Rs 18-crore order from the NFSU Research and Innovation Council, a national importance institution under the Ministry of Home Affairs. This order, revealed on May 8, 2025, after market hours, is a landmark order for Quick Heal in the cybersecurity education space.

Highlights:

The order is committed to the execution of an integrated Cyber Literacy Program, which is expected to be completed within a period of one year.
The program is in line with Quick Heal's strategic emphasis on enhancing national cyber resilience and broadening its presence in academic and government-sponsored cybersecurity training.
The company made it clear that the contract is not related to any party transactions, and the promoters or their group companies have no interest in the awarding entity.
Quick Heal's educational segment has a history of carrying out similar projects, but this interaction with NFSU is being counted as a major business milestone, solidifying its position as a leader in cybersecurity education.
The company maintains a market share of more than 30% in India's cybersecurity enterprise solutions segment and was the sole Indian cybersecurity company to be part of the U.S. Artificial Intelligence Safety Institute Consortium during FY24.
In spite of this encouraging development, Quick Heal posted a consolidated net loss of Rs 3.25 crore in Q4 FY25, with revenues dropping 18.6% year-on-year to Rs 65.14 crore for the period ended March 2025.
The stock has fallen recently by 2.26% to Rs 259 on the BSE, although it is still up 90% in the last two years.

This order is likely to pave the way for repeat business in the education sector of cybersecurity, further solidifying Quick Heal's position as a go-to partner for government and educational institutions.

Sources: Business Standard, DSIJ, Capital Market

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