When was Indusface founded?

Indusface was founded in 2012 and raised its 1st funding round 2 years after it was founded.

Where is Indusface located?

Indusface is headquartered in Vadodara, India. It is registered at A/2-3, 3RD FLOOR, STATUS PLAZA, OPP. RELISH RESORT AKSHAR CHOWK, OLD PADRA ROAD, VADODARA, Gujarat, India, 390020.

Who is the current CEO of Indusface?

Ashish Rajendrasen Tandon of Indusface. They have also founded 1 company and are an angel investors in 1 startup.

Which legal entities is Indusface associated with?

Indusface is associated with INDUSFACE PRIVATE LIMITED and 2 others.

How many employees does Indusface have?

As of Sep 30, 2026, the latest employee count at Indusface is 169.

Is Indusface a funded company?

Indusface is a funded company, having raised a total of $5.05M across 4 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Mar 20, 2014.

How much is Indusface worth?

The latest valuation of Indusface is $***** as of Apr 21, 2020.

When was the latest funding round of Indusface?

Indusface's latest funding was a $***** Series A round on Apr 21, 2020, with participation from 2 investors. Its primary sector is Cybersecurity. In India, the Cybersecurity sector has seen $153M in funding in 2026 to date.

What is the annual revenue of Indusface?

Annual revenue of Indusface is between ₹50 Cr and ₹100 Cr as on Mar 31, 2025

Where does Indusface rank among its competitors?

Indusface ranks 6th amongst 229 active competitors, of which 28 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was FireCompass, which secured $20M in Sep, 2025.

Who are the top competitors of Indusface?

Indusface's top competitors include F5 Networks, A10 Networks and FireCompass. Among them, FireCompass secured the most recent funding round in September, 2025.

Indusface - 2026 Company Profile, Team, Funding, Competitors & Financials

Indusface is a series A company based in Vadodara (India), founded in 2012 by Ashish Rajendrasen Tandon, Nandini Ashish Tandon and Dhanya Thakkar. It operates as a Provider of AI-powered application security platform protecting web, mobile, and APIs. Indusface has raised $5.05M in funding from Tata Capital and Tata Capital Growth Fund, with a current valuation of $*****. The company has 229 active competitors, including 28 funded and 15 that have exited. Its top competitors include companies like F5 Networks, A10 Networks and FireCompass.

Company Details

Provider of AI-powered application security platform protecting web, mobile, and APIs. The platform offers web application firewall, API security, DDoS protection, and bot mitigation. It also provides vulnerability scanning, penetration testing, and remediation services. The platform helps businesses secure web and mobile applications.

Website: www.indusface.com/
Social
Email ID: *****@indusface.com
Phone Number: +91 **********
Registered Address: A/2-3, 3RD FLOOR, STATUS PLAZA, OPP. RELISH RESORT AKSHAR CHOWK, OLD PADRA ROAD, VADODARA, Gujarat, India, 390020

Key Metrics

Founded Year

2012

Location

Vadodara, India

Stage

Series A

Total Funding

$5.05M in 4 rounds

Latest Funding Round

Series A, Apr 21, 2020, $*****

Post Money Valuation

$***** as on Apr 21, 2020

Investors

Harmeet Bedi & 2 more

Ranked

6^th among 229 active competitors

Annual Revenue

₹50 - ₹100 Cr as on Mar 31, 2025

Employee Count

169 as on Sep 30, 2026

Similar Companies

FireCompass & 170 more

View Indusface's full profile

Indusface is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
INDUSFACE TELECOM PRIVATE LIMITED CIN: U72900GJ2008PTC055575 , India, Active	Dec 01, 2008	₹10 - ₹50 Cr (As on Mar 31, 2025)	1 (As on Sep 30, 2018)
INDUSFACE INC. CIN: 5803092 , United States, Active	Aug 11, 2015	-	129 (As on Feb 28, 2022)	-
INDUSFACE PRIVATE LIMITED CIN: U72200GJ2004PTC044534 , India, Active	Jul 30, 2004	₹50 - ₹100 Cr (As on Mar 31, 2025)	153 (As on Aug 31, 2025)

Indusface has raised a total funding of $5.05M over 4 rounds. Its first funding round was on Mar 20, 2014. Its latest funding round was a Series A round on Apr 21, 2020 for $*****. 2 investors participated in its latest round. Indusface has 2 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Indusface:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 21, 2020	7796753	Series A	2212002	5460307	6195364	7667263
Apr 20, 2016	3288355	Angel	8417286	7918038	5672963	3846942
Jun 04, 2015	1661776	Angel	6172564	1600341	Harmeet Bedi	2154671

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View details of Indusface's funding rounds and investors

The founders of Indusface are Ashish Rajendrasen Tandon, Nandini Ashish Tandon and Dhanya Thakkar. Ashish Rajendrasen Tandon is the CEO of Indusface.

Here are the details of Indusface's key team members:

Ashish Rajendrasen Tandon: Co-Founder & CEO of Indusface and founder of 1 other company. They are also an angel investor in 1 startup and serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Nandini Ashish Tandon: Co-Founder & CPO of Indusface and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Dhanya Thakkar: Former Co-Founder of Indusface.

Indusface's Board of Directors

Indusface's board has 5 active members. Ashish Rajendrasen Tandon and Nandini Ashish Tandon are part of team and Pramod Manohar Ahuja, Milin Kaimas Mehta and Tanuj Gulati are independent board members.

Here is the list of Indusface's board of directors:

Name	Type	Representing	Status	Duration
Ashish Rajendrasen Tandon	Team	-	Current	17y 1m
Nandini Ashish Tandon	Team	-	Current	22y 3m
Pramod Manohar Ahuja	Independent board member	-	Current	6y 6m
fssumg{	Independent board member	-	Current	4y 8m
rrmclzb	Independent board member	-	Current	2y 3m

View details of Indusface's Founder profiles and Board Members

Indusface's employee count trend

Indusface has 169 employees as of Sep 26. Here is Indusface's employee count trend over the years:

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Top competitors of Indusface include F5 Networks, A10 Networks and FireCompass. Here is the list of Top 10 competitors of Indusface, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	F5 Networks 1996, Seattle (United States), Public	Provider of application delivery and security solutions for various platforms	-	Elliott Management, Chiratae Ventures & 9 others	76/100
2nd	A10 Networks 2004, United States, Public	Provider of application delivery, security, and centralized management and analytics solutions	$118M	Sprout Capital Partners, Summit Partners ... & 10 others	71/100
3rd	FireCompass 2019, Wilmington (United States), Series B	FireCompass is an Agentic AI platform for autonomous penetration testing and red teaming across Web, API, and infrastructure	$30.5M	Athera, Bharat Innovation Fund & 9 others	65/100
4th	Salt Security 2016, Palo Alto (United States), Series D	AI based API security software	$281M	Sequoia Capital, CapitalG & 18 others	64/100
5th	Traceable Security 2018, San Francisco (United States), Series B	Cloud based API security solution	$110M	Citi Ventures, IVP & 7 others	63/100
6th	Indusface 2012, Vadodara (India), Series A	Provider of AI-powered application security platform protecting web, mobile, and APIs	$5.05M	Tata Capital Growth Fund, Tata Capital & 1 others	62/100
7th	Bright Security 2018, San Rafael (United States), Series A	Platform offering security testing software	$25.7M	DNX Ventures, Evolution Equity Partners & 8 others	61/100
8th	Mayhem 2012, Pittsburgh (United States), Acquired	Automated code and API security testing tool	$38M	Koch Disruptive Technologies, New Enterprise Associates ... & 2 others	61/100
9th	Cequence 2014, Sunnyvale (United States), Series C	Cloud based platform offering API security solutions	$100M	Hewlett Packard Enterprise, Shasta Ventures ... & 15 others	60/100
10th	Detectify 2013, Stockholm (Sweden), Acquired	Provider of attack surface management and dynamic application security testing solutions	$42.1M	Inventure, Insight Partners & 9 others	60/100

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INDUSFACE PRIVATE LIMITED, the legal entity associated with Indusface, generated between ₹50 Cr and ₹100 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of INDUSFACE PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 10% in the last 1 year.

Financial Statement Summary

Metrics	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21
Income Statement
Revenue	1517	4485	7462	2492	2507
Total Sales	9336	7696	7894	2666	9990
Total Expenses	1526	8447	5963	3262	8059
Operating Expenses	6011	5105	3099	8148	7847
Employee Expenses	9584	5118	1928	8604	6247
Operating Income (EBIT)	2551	7371	4488	8008	7183
Interest Expenses	6954	9719	7122	8931	9836
Expenses from other activities	5759	4382	8459	3506	6901
EBITDA	9364	3789	9087	9855	3435
Taxes	5497	7277	3916	5095	5997
Net Profit	1169	8068	2817	8307	1566
Balance Sheet
Assets	6713	4018	4291	2406	1046
Accounts Receivables	5110	8162	2100	7153	8357
Inventory	5595	3284	7432	1058	1125
Liabilities	1079	4937	7754	5701	6321
Total Debt	3134	5133	6920	2865	7572
Accounts Payable	8188	1476	9226	4252	2275
Equities	9637	1680	2763	4239	1430