Cybersecurity | Artificial Intelligence | CyberTech | B2B, B2G & B2C
Company: 63SATS Cybertech Limited
Former Name: 63SATS Global Cyber Technologies Networks Limited
CIN: U62099MH2007PLC168354
Sector: Information Technology / Cybersecurity
Industry: Cybersecurity & Cyber Defence Technology
Status: Public Limited Company, Unlisted
Incorporated: 5 March 2007
Registered Office: FT Tower, 3rd Floor, CTS No. 256 & 257, Suren Road, Chakala, Andheri East, Mumbai – 400093
Promoter / Strategic Controller: 63 moons technologies limited
Face Value: ₹1 per equity share
63SATS Cybertech Limited is an Indian cybersecurity company focused on protecting enterprises, governments, critical infrastructure and individual consumers. The company operates across three broad platforms — Cyber Security Force (CSF), Cyberdome and CYBX — and is increasingly positioning itself around AI-powered cybersecurity and proprietary intellectual property.
The company is associated with 63 moons technologies limited. Its official website describes 63SATS as a comprehensive cybersecurity provider serving citizens, enterprises and government.
1. Company Background
63SATS was incorporated in 2007 and has operated under different names, including Global Payment Networks Limited and 63SATS Global Cyber Technologies Networks Limited, before adopting its current name. Corporate databases classify it as an active public unlisted company.
An important ownership development occurred in May 2025. 63 moons disclosed that 63SATS raised ₹10.62 crore through a private placement of 10.62 crore equity shares. Following that allotment, 63SATS ceased to be a subsidiary of 63 moons in the legal sense, although management control remained with 63 moons under the company’s Articles of Association. 63 moons also held ₹60 crore of partly-paid zero-coupon optionally fully convertible debentures.
The relationship is therefore best described as 63 moons-controlled / strategically associated, rather than simply treating it as a conventional wholly owned subsidiary.
2. Business Model
63SATS operates across three principal customer segments:
A. B2B – Enterprise Cybersecurity
Through its Cyber Security Force (CSF) platform, the company provides cybersecurity solutions covering:
- Network security
- Endpoint security
- Cloud security
- Application security
- Threat intelligence
- Incident response
- AI-workload security
- Managed security services
- Compliance and regulatory security
The company reported 72 large enterprise clients at the end of FY2026.
B. B2G – Government & Critical Infrastructure
Cyberdome is positioned as the company’s government and critical-infrastructure cybersecurity platform.
It is designed for areas such as:
- Government organisations
- Critical infrastructure
- Smart cities
- National infrastructure
- Defence-linked institutions
- Large public-sector environments
The company says Cyberdome has been used for cybersecurity solutions involving critical infrastructure, including a key airport project in India.
C. B2C – Consumer Cybersecurity
The company’s CYBX Super App is its consumer-facing cybersecurity platform.
CYBX is designed to protect smartphone users against:
- Scam calls
- Spam calls and messages
- Phishing
- Malicious links
- Malware
- Unsafe Wi-Fi
- Data breaches
- Other digital threats
The platform also incorporates cyber-risk protection and insurance-related features.
3. CYBX – Consumer Cybersecurity Super App
CYBX is one of the company’s most visible new products.
At FY2026 year-end, the company reported:
| Metric | FY2026 |
|---|---|
| Downloads | 18.87 lakh+ |
| Paid Subscribers | 2.32 lakh+ |
| B2C Revenue | ₹14 Cr |
| AI CyberOps Revenue | ₹30 Cr |
| Total CYBX DNA / IP Revenue | ₹54 Cr |
The company describes CYBX as a consumer cybersecurity platform combining protection, privacy and financial-risk coverage within a single application.
In the first quarter of FY2027, the company reported that CYBX had crossed 2 million downloads and 3.25 lakh paid subscribers.
4. CYBX DNA – Proprietary IP Business
One of the key strategic changes at 63SATS is the company’s attempt to transition from a predominantly services-oriented cybersecurity business toward an IP-led technology model.
The company’s FY2026 investor update identifies CYBX DNA as its proprietary intellectual-property division.
Major products include:
CYBX AI CyberOps
An AI-powered security operations platform designed to automate:
- Threat detection
- Incident response
- Security operations
- Security orchestration
The company reported ₹40 crore of FY2026 revenue from CYBX AI CyberOps in its detailed investor update.
CYBX Super App
The B2C cybersecurity platform with more than 18 lakh downloads and over 2.3 lakh subscribers at FY2026 year-end.
CYBX Coin
The company has disclosed plans for a security-intelligence/token-based ecosystem product, targeted for FY2027.
IronDroid
A privacy-focused secure mobile ecosystem planned for future development.
5. FY2026 Financial Performance
The latest available audited FY2026 financial information shows a substantial increase in operating scale.
Standalone Profit & Loss
| Particular | FY2026 | FY2025 |
|---|---|---|
| Revenue from Operations | ₹87.16 Cr | ₹2.40 Cr |
| Other Income | ₹7.99 Cr | ₹0.61 Cr |
| Total Income | ₹95.14 Cr | ₹3.01 Cr |
| Total Expenses | ₹101.50 Cr | ₹19.07 Cr |
| EBITDA* | ~₹(3.88) Cr | ~₹(15.18) Cr |
| Profit / (Loss) Before Tax | ₹(6.35) Cr | ₹(16.06) Cr |
| PAT | ₹(5.03) Cr | ₹(16.06) Cr |
| EPS | ₹(0.26) | ₹(3.68) |
*EBITDA as presented in the FY2026 analysis based on the company’s financial statements.
Revenue from operations increased dramatically from ₹2.40 crore to ₹87.16 crore. However, the company remained loss-making, with the net loss narrowing to approximately ₹5.03 crore.
This is an important distinction: the company has achieved very rapid revenue growth, but profitability has not yet been established.
6. Balance Sheet
The FY2026 balance sheet changed substantially following capital raising.
| Particular | FY2026 |
|---|---|
| Total Assets | ₹311.14 Cr |
| Equity Share Capital | ₹101.12 Cr |
| Other Equity | ₹196.38 Cr |
| Total Equity | ~₹297.50 Cr |
| Investments | ₹86.93 Cr |
| Trade Receivables | ₹58.21 Cr |
| Cash & Cash Equivalents | ₹33.32 Cr |
| Other Bank Balances | ₹44.36 Cr |
| Loans | ₹40.00 Cr |
| Borrowings | ₹2.57 Cr |
Total equity increased sharply from negative equity in FY2025 to approximately ₹297.5 crore in FY2026, reflecting substantial capital infusion.
7. Cash Flow – Important Observation
Despite the revenue growth, the company remained cash-consuming from operations in FY2026.
Reported FY2026 cash flows included:
- Cash flow from operating activities: approximately –₹73.61 Cr
- Cash flow from investing activities: approximately –₹191.30 Cr
- Cash flow from financing activities: approximately ₹297.16 Cr
- Closing cash and cash equivalents: approximately ₹33.32 Cr
The negative operating cash flow is important because the business is still in a heavy investment and scale-up phase.
8. FY2026 Operating Performance
The company’s own FY2026 investor update highlights the scale-up:
| Metric | FY2026 |
|---|---|
| Revenue | ₹87 Cr |
| Revenue Growth | ~24x |
| Large Enterprise Clients | 72 |
| B2B Revenue | ₹43 Cr |
| IP Product Revenue | ₹54 Cr |
| CYBX AI CyberOps Revenue | ₹30 Cr |
| CYBX B2C Revenue | ₹14 Cr |
| CYBX Downloads | 18.87 lakh+ |
| CYBX Subscribers | 2.32 lakh+ |
| OEM Alliance Partners | 12 |
| Employees | 144 |
| Certifications | 82 |
| FY2026 EBITDA | ~₹(4) Cr |
The company reported an opening order book of approximately ₹45 crore as of 1 April 2026.
9. FY2027 Growth Strategy
The company’s FY2027 investor plan targets:
Revenue: ₹350 crore
EBITDA: ₹40 crore
The target is structured around three major engines:
| Growth Engine | FY2027 Target |
|---|---|
| OEM / Alliances | ₹200 Cr |
| Focus Areas | ₹50 Cr |
| CYBX DNA / IP | ₹100 Cr+ |
| Total Target | ₹350 Cr |
The OEM/alliance strategy includes partnerships around cybersecurity products from companies such as Palo Alto Networks, Fortinet, CrowdStrike, Microsoft, SentinelOne and Tenable, according to the company’s investor presentation.
Important: ₹350 crore is a company target, not reported revenue. Investors should not treat it as achieved financial performance.
10. Q1 FY2027 Update
The company’s Q1 FY2027 update provides an important recent operating indicator.
As of June 2026, 63SATS reported:
- ₹288 crore Q1 order book
- Equivalent to approximately 82% of its ₹350 crore FY2027 revenue target
- ₹53 crore+ cumulative CYBX AI CyberOps order value
- ₹13 crore of additional AI CyberOps orders in Q1
- 2 million+ CYBX downloads
- 3.25 lakh+ paid subscribers
- 65+ DPDP compliance clients
The company specifically cautioned that these figures represent committed order book and traction, not billed revenue.
This distinction is particularly important when evaluating the company’s growth.
11. ₹245 Crore Institutional Funding
In February 2026, 63SATS raised approximately ₹245 crore in an institutional funding round.
Reported investors included:
- Mathew Cyriac
- Mukul Agarwal / Param Capital Group
- Siddarth Mehta / Bay Capital
- KIFS Finstock
- Aarii Ventures
The reported post-money valuation following the funding was approximately ₹1,161 crore on a fully diluted basis.
The capital is intended to support:
- AI cybersecurity product development
- SOC expansion
- Threat intelligence
- Consumer cybersecurity
- Hiring
- Geographic expansion
- Technology partnerships
12. Security Operations Centre
63SATS operates a dedicated Threat Intelligence Monitoring & Response Command Centre, or TiM&RC.
The company describes it as:
- 47-seat facility
- 100+ cybersecurity experts
- Forensic laboratory
- AI/ML-enabled MSSP capability
- SIEM / EDR / XDR / threat-intelligence readiness
The facility is designed around proactive threat defence rather than only passive security monitoring.
13. Management
The current management and board disclosed by the company include:
Neehar Nandkumar Pathare
MD, CEO & CIO
Srinivas Lingamuthu
Joint MD & Joint CEO
Sunil Amarnath Mehta
Non-Executive Director
Nimish Hariharbhai Shukla
Whole-Time Director
Umesh Mehta
Non-Executive Director
Dr. Hariraj Chouhan
Nominee Director
The company’s official management page provides the current leadership structure.
The FY2026 investor update identifies Lt Gen M. U. Nair (Retd.), former National Cyber Security Coordinator of India, as Chairman of the Board.
14. Customer & Industry Exposure
63SATS operates across multiple sectors, including:
- Banking & financial services
- Defence
- Government
- Manufacturing
- Automotive
- Healthcare
- Critical infrastructure
- Large enterprises
- Individual consumers
The diversified customer strategy reduces dependence on a single cybersecurity vertical, although the company remains at an early stage of commercial scaling.
15. Key Strengths
Rapid Revenue Scale-Up
Revenue from operations increased from approximately ₹2.4 crore in FY2025 to ₹87.16 crore in FY2026.
Strong Capital Infusion
The company raised substantial capital during FY2026, materially strengthening its balance sheet.
Proprietary IP Strategy
The company is attempting to move from a services-led cybersecurity model toward proprietary IP through CYBX DNA and AI CyberOps.
Three-Market Exposure
63SATS operates across:
B2B + B2G + B2C
This gives the company exposure to enterprise, government and consumer cybersecurity markets.
Consumer Traction
CYBX crossed 18 lakh downloads and 2.32 lakh paid subscribers by FY2026-end, followed by more than 2 million downloads and 3.25 lakh paid subscribers in Q1 FY2027.
Large Q1 FY2027 Order Book
The reported ₹288 crore Q1 order book is substantially larger than FY2026 revenue, although conversion into recognised revenue remains a key factor to monitor.
16. Key Risks
Loss-Making Business
Despite strong revenue growth, FY2026 ended with a net loss of approximately ₹5.03 crore.
Very High Growth Base Effect
The jump from a small FY2025 revenue base makes percentage growth appear exceptionally large. Sustaining growth at increasing absolute revenue levels will be more demanding.
Execution Risk
The company has set a FY2027 revenue target of ₹350 crore, but converting order bookings into billed revenue and ultimately cash flow will require significant execution.
Negative Operating Cash Flow
Operating cash flow remained negative in FY2026 at approximately ₹73.6 crore.
Technology Competition
Cybersecurity is a highly competitive industry with global companies possessing substantial R&D budgets, established enterprise relationships and large installed bases.
Dependence on Future IP Monetisation
A significant part of the company’s future valuation thesis depends on CYBX DNA, AI CyberOps and other proprietary products scaling successfully.
Regulatory / Data-Privacy Risk
Cybersecurity companies operate in a heavily regulated environment involving data protection, privacy, critical infrastructure and government security requirements.
Unlisted Liquidity
63SATS is not listed on NSE or BSE. Unlisted shares can have limited liquidity, wider bid/ask spreads and uncertain exit timelines.
17. Unlisted Investment Perspective
63SATS is different from a mature IT-services company because it is currently in a high-growth, investment-heavy phase.
For an investor evaluating its unlisted shares, the following factors deserve particular attention:
1. Revenue Growth
FY2026 revenue growth was substantial, but the starting base was very small.
2. Profitability
The company is not yet profitable. Future valuation will therefore depend heavily on its ability to convert revenue growth into sustainable EBITDA and free cash flow.
3. IP Revenue
The ₹54 crore of FY2026 IP-product revenue is an important metric because the company’s strategy is to increase the proportion of proprietary technology in its revenue mix.
4. Order Book Conversion
The Q1 FY2027 order book of ₹288 crore is significant, but it should not be treated as revenue until contracts are executed and revenue is recognised.
5. Institutional Valuation
The reported ₹245 crore funding round valued the company at approximately ₹1,161 crore post-money on a fully diluted basis. This provides one institutional valuation reference point, although later transactions may occur at different prices.
6. Dilution
Multiple private placements and capital raises mean investors should carefully examine the fully diluted share count, convertible instruments and future fundraising requirements.
7. Cash Deployment
The company has raised substantial capital while continuing to invest heavily in technology, people, SOC infrastructure and product development.
18. IPO / Listing Status
As of 23 September 2026, 63SATS Cybertech Limited is an unlisted public company and its equity is not traded on NSE or BSE. Corporate databases continue to classify the company as public and unlisted.
No confirmed IPO timetable should be assumed merely because the company has raised institutional capital.
19. Company Snapshot
| Parameter | Details |
|---|---|
| Company | 63SATS Cybertech Limited |
| Sector | Cybersecurity / Information Technology |
| Industry | Cybersecurity & Cyber Defence |
| CIN | U62099MH2007PLC168354 |
| Incorporated | 5 March 2007 |
| Headquarters | Mumbai |
| Status | Public & Unlisted |
| FY2026 Revenue from Operations | ₹87.16 Cr |
| FY2026 Total Income | ₹95.14 Cr |
| FY2026 PAT | ₹(5.03) Cr |
| FY2026 EBITDA | ~₹(3.88) Cr |
| FY2026 Total Assets | ₹311.14 Cr |
| FY2026 Equity | ~₹297.50 Cr |
| FY2026 Cash & Equivalents | ₹33.32 Cr |
| FY2026 IP Product Revenue | ₹54 Cr |
| Enterprise Clients | 72 |
| CYBX Downloads FY26 | 18.87 lakh+ |
| CYBX Paid Subscribers FY26 | 2.32 lakh+ |
| Q1 FY27 Order Book | ₹288 Cr |
| FY27 Revenue Target | ₹350 Cr |
| FY27 EBITDA Target | ₹40 Cr |
| Institutional Funding – Feb 2026 | ₹245 Cr |
| Reported Post-Money Valuation | ₹1,161 Cr |
| Exchange Listing | Unlisted |
20. Important Links
63SATS Cybertech – Official Website:
63SATS Cybertech
About 63SATS:
63SATS About Us
Cybersecurity Solutions:
63SATS Cybersecurity Solutions
Cybersecurity Services:
63SATS Cybersecurity Services
Security Operations Centre:
63SATS TiM&RC / Security Operations Centre
63 moons Technologies – Official Website:
63 moons technologies
63SATS FY2026 Investor Update:
63SATS FY2026 Investor Update
63 moons Corporate Announcements:
63 moons Corporate Announcements
May 2025 Private Placement Disclosure:
63 moons – 63SATS Fund Raising Disclosure
Disclaimer
This report is prepared for educational and informational purposes only and should not be considered investment advice, a recommendation, solicitation, or an offer to buy or sell securities.
63SATS Cybertech Limited is an unlisted public company. The company is in a high-growth and investment phase, and FY2026 profitability remains negative. Company targets such as the ₹350 crore FY2027 revenue target are management targets and are not guaranteed outcomes.
Financial information has been compiled from company investor communications, financial statements, corporate disclosures and other publicly available sources. Operating metrics such as order book, downloads and subscribers should not be treated as equivalent to recognised revenue or profit.
Unlisted shares involve risks including limited liquidity, valuation uncertainty, absence of continuous market price discovery, transfer restrictions, dilution risk and uncertain exit timelines. Investors should independently verify the latest financial statements, capital structure, shareholding, valuation, transaction price, convertible instruments and other relevant documents before making any investment decision.
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