TechD Cybersecurity Secures Three Purchase Orders for Managed Services from Key Distribution Partner
TechD Cybersecurity Limited has secured three separate Purchase Orders (POs) for providing OEM Support and Managed Services. The contracts, which are part of the company’s ordinary course of business, aggregate to a total value of INR 1,19,10,811/- excluding GST, and INR 1,40,54,756.98 including GST.The Purchase Orders were received from a listed cybersecurity system integrator and distribution partner of TechD Cybersecurity. The services provided through these contracts are earmarked for critical sectors, including automobile manufacturing, financial-sector technology services, and public-sector general insurance verticals.
The managed services being provided cover critical areas such as OEM support, managed services, and specialist platforms like Privileged Access Management (PAM) and Sensitive Credential Management (SCM).
Financial Breakdown of Purchase Orders
The total value is comprised of three distinct contracts, detailed below:| End-User Sector | Nature of Engagement | Contract Value (Excl. GST) INR | Contract Value (Incl. GST) INR |
|---|---|---|---|
| Large Automobile Manufacturer (Chennai) | OEM (Hitachi) Support / Managed Services | 26,50,000.00 | 31,27,000.00 |
| Financial-Sector Technology Services Entity | ARCONPAM& SCM Managed Services - 24x7 (12 months) | 74,57,608.00 | 87,99,977.44 |
| Large General Insurance Company (NCR) | Forcepoint OEM Support / Managed Services + TechD Managed services (12 months) | 18,03,203.00 | 21,27,779.54 |
The transactions indicate a commitment to providing crucial support in highly regulated and complex industries. The largest component of the contract value relates to Managed Services for a Financial-Sector Technology Services Entity, while the other two contracts cover support for the automotive and general insurance sectors.
TechD Cybersecurity affirmed that these engagements are in the ordinary course of its business, reinforcing its presence in providing integrated cybersecurity solutions across multiple major Indian industrial verticals.
TECHD Stock Price Movement
Today, TechD Cybersecurity Limited shares edged higher to close at ₹624.85, gaining 5.00% compared to the previous close. The stock traded today over a range of ₹584.15 to ₹633.15, recording a total volume of 12,300 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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