eMudhra Subsidiary Acquires US-based AI Cyber Forge Inc for USD 4.8 Million to Boost Cybersecurity Offerings
The acquisition of 100% stake in AI Cyber Forge Inc is a strategic move that significantly broadens eMudhra's cybersecurity product suite and market reach, particularly in the USA, indicating a substantial positive impact on its business and future growth prospects.
The acquisition expands eMudhra's product offerings into new cybersecurity areas like secrets management, enhances its global competitive position, and adds to its customer base in the USA.
* eMudhra Inc, a subsidiary of eMudhra Limited, signed an agreement on July 24, 2025, to acquire 100% stake in AI Cyber Forge Inc, USA. * The acquisition is for an immediate cash consideration of USD 4.8 million (about ₹40.8 crore). * AI Cyber Forge Inc specializes in secrets management, just-in-time credentials, PKI automation, and encryption services. * This acquisition is expected to expand eMudhra’s product offerings, enabling it to compete globally as a one-stop-shop for cybersecurity products around PKI, and add to its customer base in the USA. * AI Cyber Forge Inc's consolidated revenue for the year ended March 31, 2025, was USD 600,000 (about ₹5.1 crore). * The transaction is anticipated to close within 2-3 weeks. * The acquisition is not a related party transaction.
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eMudhra Limited filed this with the NSE as a statutory disclosure, categorised under mergers & acquisitions. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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