Value Mentor, the Kochi based digital trust assurance provider, is set to enhance its presence into major Indian cities and extend the footprint in the Middle East, UK and the US.

Binoy Koonammavu, CEO, Value Mentor said the company is looking at becoming the top 10 ​cyber-security firm ​globally in the digital trust assurance space in addressing the cyber security challenges especially considering the ₹11,000 crore cybercrime related losses registered in India last year with an increase of 19 per cent year-on-year. The company intends to play a pivotal role in establishing ethical AI governance and creating next generation defenses like AI-driven firewalls, he said.

Value Mentor’s core services are designed to secure IT infrastructure, payment platforms and critical data through cutting edge security testing and consulting. It is catering to a diverse clientele including large MNC’s, prominent corporates and SMEs.

Founded in 2014, he said the company is offering comprehensive solutions that include security testing, compliance, consulting, and managed services. It has established itself as a key player in managing cyber risks and ensuring compliance.

India, according to him, faces unique challenges including low cyber security awareness, fragmented regulations and resource constraints. Vulnerable sectors such as healthcare, manufacturing and cooperative banking are frequently targeted by cyber criminals.

With digital threats becoming more rampant and organised, Binoy Koonammavu said there is a pressing need for governments, businesses and individuals to go for proactive and comprehensive security measures. With considerable growth, the size of the cyber security market in India is estimated at $3.5 billion.

By 2026, the company aims to double its workforce from the current 150 employees and leverage advancements in AI and machine learning to develop more proactive cyber security solutions, he said, adding that the shortage of talents in the Indian cyber security sector is estimated at 3 lakh.

Published on January 29, 2025