IRClass Systems and Solutions Pvt Ltd (ISSPL), a leading provider of assurance, inspection, certification, and testing services, has announced a strategic acquisition of a 40 percent stake in eProtect 360 Solutions Pvt Ltd (eProtect 360), a global leader in cybersecurity resilience and managed security services. The partnership marks a significant milestone in ISSPL’s diversification strategy and its entry into advanced cybersecurity solutions.
Strategic Expansion into Cybersecurity
The acquisition enables ISSPL to expand its service portfolio into cybersecurity resilience, managed security services, GRC 360 Assure tools, and anti-ransomware solutions. Through this partnership, ISSPL aims to integrate technology-driven security capabilities with its established assurance and certification services, positioning the company to deliver comprehensive solutions to clients navigating increasingly complex digital environments.
Left to Right:Mr. Shashi Nath Mishra, COO, ISSPL; Mr. Vinay S. Kshirsagar, MD, ISSPL; Mr. Kunal K. Panchamia, director and founder, eProtect 360, and Mr. Deepak K Patel, CFO, ISSPL
eProtect 360 brings substantial global credentials to the partnership, with an established footprint spanning South America, North America, Asia, Africa, Europe, and Australia. The company has demonstrated expertise across diverse industry sectors including banking and financial services, technology and media, software, oil and gas, aviation, artificial intelligence, e-commerce, healthcare, retail, and manufacturing.
Formal Agreement and Leadership Perspectives
The acquisition agreement was formally executed at ISSPL’s head office in Mumbai, with key executives from both organisations in attendance. The signing ceremony included Mr Vinay S. Kshirsagar, MD of ISSPL; Mr Shashi Nath Mishra, COO of ISSPL; Mr Kunal K. Panchamia, director and founder of eProtect 360; and Mr Deepak K Patel, CFO of ISSPL.
Mr Shashi Nath Mishra, COO of ISSPL, articulated the strategic rationale for the partnership, emphasising that the company has consistently focused on building trust, resilience, and innovation for its clients. He described the collaboration with eProtect 360 as enabling ISSPL’s entry into a high-growth domain whilst offering world-class cybersecurity and governance solutions within an integrated service framework. Mishra characterised the move as a transformative step that positions ISSPL to lead in developing secure, sustainable digital ecosystems on a global scale.
Mr Vinay Kshirsagar, MD of ISSPL, provided additional context on the acquisition’s alignment with the company’s broader vision. He stated that the stake acquisition reinforces ISSPL’s objective of becoming a comprehensive solutions provider by integrating cybersecurity, resilience management, and technology-driven assurance into its core service portfolio. Kshirsagar emphasised that through the partnership with eProtect 360, ISSPL aims to empower businesses worldwide to navigate the complexities of the digital era with enhanced confidence and security.
Market Positioning and Service Integration
The acquisition reflects ISSPL’s response to growing market demand for integrated assurance and cybersecurity services. As organisations across industries face escalating cyber threats and regulatory requirements, the convergence of traditional assurance services with advanced cybersecurity capabilities addresses a critical market need.
By combining ISSPL’s established reputation in assurance, inspection, and certification with eProtect 360’s expertise in managed security services and cyber resilience, the partnership creates a differentiated service offering. This integration enables clients to access comprehensive risk management solutions that address both physical and digital security requirements within a unified framework.
Global Reach and Industry Expertise
eProtect 360’s proven track record across multiple continents and industry verticals provides ISSPL with immediate access to established client relationships and sector-specific expertise. The company’s experience in highly regulated industries such as banking, healthcare, and aviation complements ISSPL’s existing capabilities in assurance and compliance services.
The partnership positions both organisations to capitalise on the growing global demand for cybersecurity resilience solutions, particularly as businesses accelerate digital transformation initiatives and confront increasingly sophisticated cyber threats. The combined entity will offer clients access to advanced security technologies, governance frameworks, and managed services designed to protect critical assets and ensure business continuity.
Strategic Vision for Digital Assurance
The acquisition represents ISSPL’s commitment to evolving its service model in response to changing market dynamics and client requirements. By extending its capabilities into cybersecurity and digital resilience, the company is positioning itself as a comprehensive partner for organisations seeking to manage risk across both traditional and emerging threat landscapes.
The partnership with eProtect 360 establishes a foundation for ISSPL to develop integrated solutions that address the full spectrum of organisational security needs, from physical asset protection to cyber resilience and regulatory compliance. This strategic direction aligns with broader industry trends towards holistic risk management approaches that recognise the interconnected nature of physical and digital security challenges.
For more information visit www.irqs.co.in
