Nagpur, April 09th, 2025: Virtual Galaxy Infotech Limited, a trailblazer in hybrid SaaS and enterprise software solutions, has unveiled its groundbreaking cybersecurity product, Cyber Sentinel. Designed to address the rapidly evolving threat landscape, this launch marks VGIL’s strategic entry into the cybersecurity domain, leveraging its extensive expertise in AI-driven technologies and enterprise solutions. With Cyber Sentinel, VGIL aims to redefine how organizations safeguard their digital assets in an era of increasing cyber risks.

Cyber Sentinel SIEM software is designed to meet these challenges head-on, offering cutting-edge features tailored for organizations navigating this complex landscape. It is poised to make significant contributions across various sectors, including banking and financial services (BFSI), Government Bodies, SMEs and Enterprises.

“Cybersecurity has become an urgent priority for businesses worldwide. Our expertise in SaaS solutions gives us a unique advantage in delivering next-generation security services that integrate seamlessly with existing enterprise software,” said Sachin Pande, Co-founder & Managing Director of Virtual Galaxy Infotech Limited. “With the launch of Cyber Sentinel, we are committed to developing advanced security tools that empower organizations to stay ahead of evolving cyber threats,” he added.

Cyber Sentinel is more than just a cybersecurity solution—it’s a comprehensive platform built to empower businesses with proactive defence mechanisms. The key features of the innovative product include – AI-Powered Threat Detection, Zero Trust Architecture, Post-Quantum Cryptography and Integrated V-SOC (Virtual Security Operations Center). It also incorporates VGIL’s proprietary AI capabilities, ensuring seamless integration with existing IT infrastructures while enhancing operational efficiency.

VGIL’s entry into cybersecurity aligns with its broader vision of driving digital transformation across industries. Avinash Shende, Co-founder of VGIL, emphasized the importance of innovation in addressing emerging threats: “Cyber Sentinel represents our commitment to empowering businesses with tools that not only protect but enable them to thrive in the digital age.”

The global cybersecurity market is witnessing exponential growth, driven by increasing digital transformation and sophisticated cyber threats. According to industry estimates, by 2025, cybercrime is projected to cost businesses up to $10.5 trillion annually. Emerging trends such as AI-driven malware, ransomware, and supply chain attacks highlight the urgent need for advanced security solutions.

The Nagpur-headquartered company recently received in-principle approval for its IPO from NSE Emerge and is expected to be listed on the platform very soon. The company filed a Draft Red Herring Prospectus (DRHP) with NSE Emerge in October 2024.

Virtual Galaxy Infotech is a SaaS product-focused company engaged in providing core banking software solutions, IT solutions, ERP implementation and customized software solutions development, and IT services for the BFSI, ERP, and E-Governance domains. The company has registered impressive financial results with ₹120.14 crore* in revenue from operations with a profit (PAT) of ₹32.48 crore* in the financial year 20224-25, compared with ₹61.46 crore and a profit (PAT) of ₹16.30 crore in FY24. (*2025-Provisional figures)

The company has successfully closed its pre-IPO funding round in July 2024, raising ₹ 21.44 crore from marquee investors. Its IPO comprises a fresh issuance of 66,60,000 Equity Shares each with a face value of ₹10, through the book-building route. Smart Horizon Capital Advisors Private Limited is the sole Book Running Lead Manager to the offer, and Maashitla Securities Private Limited is the Registrar.

Founded in 1997 by first-generation technocrats Avinash Narayanrao Shende and Sachin Purushottam Pande, VGIL has been delivering secure core banking solutions within a seamlessly integrated banking and financial ecosystem. With over 26 years of experience and a dedicated team of around 329 employees, the company provides advanced software services to commercial banks, state cooperative banks, urban cooperative banks, district central cooperative banks, cooperative societies, NBFCs, and Savings and Credit Cooperative Societies (SACCOS). Currently, VGIL serves clients across more than 15 states in India and has expanded its reach to the international market such as in Tanzania and Malawi in Africa.