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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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