Top Cybersecurity Stocks in India

As digital transformation accelerates across every sector, cybersecurity has become a top priority for businesses in India. With the rise of cyber threats, ransomware attacks, and growing data protection regulations, companies offering cybersecurity solutions are experiencing a surge in demand. This has opened up investment opportunities for investors in India’s cybersecurity sector. In this blog, we will explore the top cybersecurity stocks for the long term to buy in India.

Understanding the Cybersecurity Industry in India

India’s cybersecurity sector is experiencing exponential growth, driven by rapid digital transformation, a surge in cloud adoption, and the proliferation of connected devices. In 2024, the Indian cybersecurity market generated a revenue of approximately USD 6,870.9 million, with projections indicating it will reach USD 20,482.6 million by 2030. The market is expected to grow at a compound annual growth rate (CAGR) of 20% between 2025 to 2030. 

The cybersecurity market in India is segmented into hardware, software, and services. In 2024, hardware accounted for the largest revenue share at 59.46%, reflecting significant investments in security infrastructure. The software segment spending is likely to reach USD 1.2 billion by the end of 2025, driven by the need for cloud security, application security, and data privacy solutions. The security services segment is also projected to grow by 19% by the end of 2025, as enterprises increasingly rely on managed security providers due to a shortage of skilled in-house professionals.

By 2028, 40% of contracts for IT services will contain security components. In addition, 75% of companies with GenAI projects plan to change their expenditure priorities from structured to unstructured data protection by 2026. The government is also backing the sector. For instance, compared to the ₹1,600 crore allotted in the previous budget, the Union Budget 2025 has allocated over ₹1,900 crore for cybersecurity projects and activities.

Additionally, Prime Minister Narendra Modi recently brought attention to the issue of cyber dangers on the 115th episode of Mann Ki Baat. All these make the cybersecurity sector an attractive investment option.

Top Cybersecurity Stocks in India (2025)

Here are listed cybersecurity stocks in India, ranked by market capitalisation for investors.

Here is a thorough description of the top cybersecurity stocks in India for long-term investment:

1. Sasken Technologies Ltd.

Sasken Technologies Ltd. is a pioneering force in the Indian technology sector, specialising in product engineering and digital transformation solutions for global enterprises. Headquartered in Bengaluru, Sasken has state-of-the-art facilities in India, Finland, Germany, and Japan. It has a strong presence in the semiconductor, automotive, telecom, industrial, and consumer electronics industries. The company has transformed over a hundred Fortune 500 clients and powered more than a billion digital devices through its innovative R&D services.

In 2024, Sasken announced a strategic partnership with Trustonic, a global leader in cybersecurity technology. This collaboration leverages Trustonic’s Trusted Execution Environment (TEE) technology, which is EAL5+ certified, so Sasken can provide automotive OEMs and Tier 1 suppliers with advanced security features for connected vehicles and smart devices. 

The company is employing a 60 by 4 by 3 strategy, which focuses on scaling 60 key accounts to $4-5 million over three years. While Sasken has a global presence, it is further expanding its reach to global markets, including the United States, Japan, and Europe. 

2. Quick Heal Technologies Ltd.

Quick Heal Technologies Ltd. is a homegrown and one of the top cybersecurity brands in India. It is also one of the few listed pure-play cybersecurity stocks in India. Headquartered in Pune, Quick Heal serves millions of consumers, enterprises, and government clients across India and international markets with its comprehensive suite of antivirus, endpoint protection, and threat intelligence solutions. 

The company is widely recognised for its reliable cybersecurity products and has built a strong brand over the decades. Quick Heal, through its enterprise arm, Seqrite, is at the forefront of threat intelligence and research. In 2025, Seqrite unveiled the India Cyber Threat Report 2025 in collaboration with the Data Security Council of India (DSCI). 

In April 2025, Quick Heal and the Bankers Institute of Rural Development (BIRD), Lucknow, inaugurated a state-of-the-art cybersecurity lab aimed at fortifying rural financial institutions (RFIs) against digital threats. In response to rising cyber threats and geopolitical tensions, Quick Heal launched a freemium version of AntiFraud.AI to protect users from scams and cyber fraud.

Quick Heal remains a key player in India’s cybersecurity landscape due to its continuous innovative solutions, such as the Intelligent Assistant (SIA) and next-generation endpoint protection, ensuring businesses are protected against the latest threats. 

3. Expleo Solutions Ltd.

Expleo Solutions Ltd. is a globally recognised technology, engineering, and consulting service provider, listed on both BSE and NSE, with a strong presence in India, Asia Pacific, North America, Europe, and the Middle East. With over 50 years of experience and a workforce of more than 18,000 experts, Expleo partners with leading organisations, especially in banking, financial services, and insurance (BFSI), to deliver engineering, digital transformation, and quality assurance solutions that drive operational excellence and innovation.

Expleo has developed a comprehensive cyber-resilience testing platform called ‘Smeeta Suitcase’ that can conduct security assessments, cyber forensics, and pen tests in the mobility industry. It also offers tailored cybersecurity services designed for Chief Information Security Officers (CISOs) and organisational leaders. 

Their approach is practical, step-by-step, and “made by engineers for engineers,” focusing on safeguarding critical assets across IT, OT (operational technology), and product systems. The company has launched Expleo Solutions Arabia Ltd in strategic markets of Saudi Arabia and continues to expand its footprint in IT and digital services, including AI-driven solutions for clients across industries. Expleo has an extensive presence delivering value in 29 countries, serving more than 150 BFSI clients and numerous enterprises in other sectors, making it one of the top cybersecurity stocks in India.

Factors to Consider Before Investing in Cybersecurity Stocks

You should consider the following factors before picking your basket of top-performing Cybersecurity stocks in India:

Growth Potential and Market Demand

Cybersecurity is a high-growth industry driven by increasing digitalisation and escalating cyber threats globally. Investors should assess market size projections, industry growth rates, and the extent to which companies capture emerging demand in areas such as cloud security, AI-driven threat detection, and zero-trust architectures.

Financial Health and Performance Metrics

Examine crucial financial indicators like revenue growth, profitability margins (EBITDA, net profit), return on equity (ROE), and return on assets (ROA). A company’s debt levels and cash flow stability also reflect resilience and capacity to invest in innovation. Stable or improving margins and consistent earnings growth are positive signs.

Technological Innovation and R&D Investment

Continuous innovation is vital in cybersecurity due to the rapid evolution of cyber threats. Companies that invest heavily in research and development (R&D) and demonstrate a strong pipeline of advanced security solutions, such as AI-powered analytics or next-generation encryption, hold competitive advantages.

Market Position and Client Base

Strong market presence, credible partnerships, and a diverse client portfolio, including large enterprises, government agencies, and global firms, can indicate reliability and future revenue stability. Companies with recurring revenue models from subscriptions or managed security services are often less volatile.

Regulatory Compliance and Industry Standards

Compliance with cybersecurity regulations, data protection laws, and international security standards like HIPAA, GDPR, PCI DSS, ISO 27001, and SOC 2 showcases client trust and reduces legal risks. Companies actively engaged in certifications and policy advocacy tend to be more sustainable in the long term.

To Wrap Up

India’s cybersecurity sector is maturing into a vibrant and indispensable industry, driven by sweeping digital transformation and mounting cyber risks. With a growing digital footprint and regulatory impetus, the future outlook for cybersecurity stocks in India remains highly promising. However, investors should research well before making an investment decision. To start exploring top cybersecurity stocks India, you can open a demat account with Share.Market.

FAQs

1. Should I Invest in Top Cybersecurity Shares in India?

Yes, given the rapid digital transformation and increasing cyber threats, cybersecurity stocks offer strong growth potential. However, investors should carefully evaluate the fundamentals and growth prospects of individual companies.

2. How to Identify the Top 10 Cybersecurity Stocks in India?

Look for companies with a strong focus on cybersecurity, consistent revenue growth, a robust order pipeline, and a track record of innovation. Also, consider their market position, financial health, and ability to adapt to evolving threats.

3. What are the Benefits of Investing in Cybersecurity Stocks?

Investing in cybersecurity stocks allows you to participate in the digital economy’s growth while benefiting from the sector’s resilience and long-term demand drivers.

4. What are the Risks Associated With Cybersecurity Companies in India?

Key risks of investing in cybersecurity stocks include rapid technological change, talent shortages, regulatory risks, and intense competition. Investors should be aware of these factors before investing.

5. Are Top Cybersecurity Companies in India Suitable for Long-Term Investment?

Yes, cybersecurity is widely regarded as a compelling long-term investment due to the sustained growth in digital threats and the increasing need for security solutions. However, investors should regularly review their portfolios and stay updated on sector developments.

6. How to Invest in Cybersecurity Stocks in India?

You can invest by opening a Demat account with a SEBI-registered brokerage like Share.Market. Conduct thorough research to align investments with your risk profile and goals.

Disclaimer: Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Registration granted by SEBI, enlistment as a Research Analyst with the Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. The securities are quoted as an example and not as a recommendation.

This is for informational purposes and should not be considered as recommendations. Kindly refer to  https://share.market/ for more details. PhonePe Wealth Broking Private Limited, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887.