Quick Heal Technologies Ltd

Quick Heal Technologies Ltd is one of the leading IT security solutions company. The company offers high quality, featurerich IT security products and solutions. It has established its proprietary antivirus technology under the brands Quick Heal and Seqrite to cater Retail and Enterprise Government segments, respectively. As a customercentric, relationshipdriven partner, Quick Heal focuses on providing easily deployable and trustworthy IT security solutions for defense against realtime risks. Its product portfolio addresses IT Security risks across multiple software platforms like Windows, Mac, Android and linux and across multiple devices platforms like Desktops, laptops, Mobile, tablets, serving and multiple business segments home / Soho, SMB, Enterprise Government. Quick Heal is currently the market leader in the retail segment with more than 30% market share. The company is also a certified partner of Microsoft since 2008.The companys channel network comprises 21,401 channel partners, 527 Enterprise Partners, 164 Government Partners and 12 Mobile Distributors.Quick Heal Technologies Limited was incorporated as CAT Computer Services Private Limited on August 7, 1995 at Pune as a private limited company under the Companies Act, 1956. Subsequently, the name of the Company was changed to Quick Heal Technologies Private Limited and a fresh certificate of incorporation consequent upon change of name was issued by the RoC on August 7, 2007. The name of the Company was further changed to Quick Heal Technologies Limited on September 8, 2015 pursuant to conversion of the status of our Company to a public limited company and a fresh certificate of incorporation consequent upon conversion to public limited company was issued by the RoC on September 8, 2015.During the financial year ended 31 March 2016, Quick Heal Technologies expanded its operations in Pune, through its office at Marvel Edge and also at its branch at Bangalore as Support Office. During the financial year ended 31 March 2016, in the mobile smart phone market Quick Heal Technologies introduced Quick Heal Gadget Securance in which provides security and insurance as a combined product.Quick Heal Technologies came out with an initial public offer (IPO) during the period from 8 to 10 February 2016. The IPO was a combination of fresh issue of Rs 250 crore and Offer for Sale of 62.69 lakh shares by the selling shareholders. The Equity Shares of the Company were listed on BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE) since 18th February 2016During the financial year ended 31 March 2017, Quick Heal Technologies partnered with an ambitious initiative launched by the Government of India, Cyber Swachhta Kendra (CSK), which is a botnet cleaning and malware analysis center. It aims to bring in enhanced security measures to Indian users and secure the cyber ecosystem. Botnets can cause a wreck in the internet, especially so for India, as it is one of the highly botnet infected countries in the world. During the year under review, Quick Heal Technologies sharpened its focus on the enterprise segment. The company launched products under the Seqrite brand targeted at small and mediumsized businesses (SMBs) and emerging enterprises which are cloud enabled.During the year under review, the company consolidated its Channel Management activities by further strengthening the distribution network. The company added Channel Partners across its product categories Retail, Enterprise, and Mobile. It also implemented systems and proactive measures to ensure a stronger control on market receivables and set up a robust policy for credit lines.During the financial year ended 31 March 2018, Quick Heal Technologies continued to retain its leadership position with over 30% market share in the retail segment. The Company continued to penetrate across the untapped segments and offered bestinclass IT security solutions that created value for the endusers. During the year under review, the company strategically discontinued its mobile and handset insurance product Quick heal Gadget Securance as this business faced multiple challenges in servicing the claims which in turn was creating negative perception of its Brand. However, the company continued to focus on security solutions for mobiles.During the year under review, the company made further inroads into the Enterprise and Government segment through its tailormade offerings. During the year, the company entered into a technology collaboration with FinlandBased Company, Jetico, and introduced endpoint encryption solution under the brand Seqrite.During the year, the company increased its focus on business promotion and advertising along with sales promotion activities to spurt up the growth which is reflected in revenue growth for FY 2018.