Indian Register of Shipping acquires stake in cybersecurity company

IRClass Systems and Solutions Pvt Ltd (ISSPL), a leading provider of assurance, inspection, certification and testing, has announced a significant step in its diversification journey with the acquisition of a 40% stake in eProtect 360 Solutions Pvt Ltd (eProtect 360), a global leader in cybersecurity resilience and managed security services.

This strategic partnership marks ISSPL’s foray into advanced cybersecurity resilience, managed security services, GRC 360 Assure tools, and Anti-Ransomware solutions. eProtect 360 has a strong global footprint across South America, North America, Asia, Africa, Europe, and Australia, with proven expertise across industries including banking and financial services, technology and media, software, oil & gas, aviation, AI, e-commerce, healthcare, retail, and manufacturing.

The agreement was formally signed at the ISSPL Head Office, Mumbai, in the presence of:

• Mr. Vinay S. Kshirsagar, Managing Director, ISSPL

• Mr. Shashi Nath Mishra, Chief Operating Officer, ISSPL

• Mr. Kunal K. Panchamia, Director and Founder, eProtect 360

• Mr. Deepak K Patel, CFO, ISSPL

Mr. Shashi Nath Mishra, COO of ISSPL, said: “At ISSPL, we’ve always focused on building trust, resilience, and innovation for our clients. Partnering with eProtect 360 allows us to enter a high-growth domain while offering world-class cybersecurity and governance solutions under one roof. This transformative step positions ISSPL to lead in shaping secure, sustainable digital ecosystems worldwide”.

Mr. Vinay Kshirsagar, MD, ISSPL, added: “The stake acquisition reinforces ISSPL’s vision of becoming a comprehensive solutions provider by integrating cybersecurity, resilience management, and technology-driven assurance into its core portfolio. Together with eProtect 360, ISSPL aims to empower businesses worldwide to navigate the complexities of the digital era with confidence and security.”