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Esconet Technologies Acquires Majority Stake in Fluidech IT Services Pvt. Ltd.
Apr 16, 2025

Esconet Technologies Acquires Majority Stake in Fluidech IT Services Pvt. Ltd.

Strengthening Cybersecurity and GRC Capabilities with Strategic Synergy

Esconet Technologies Limited is pleased to announce the acquisition of a majority stake (over 50%) in Fluidech IT Services Pvt. Ltd., following the necessary regulatory approvals. With this strategic move, Fluidech officially becomes a subsidiary of Esconet Technologies.

This acquisition marks a significant milestone for both companies. Esconet, known for its expertise in IT infrastructure solutions and high-performance computing through its HexaData brand, expands its footprint into the growing domain of Governance, Risk, and Compliance (GRC) services in Cybersecurity. Fluidech brings to the table deep consulting experience and a client-centric approach, which will now be further empowered by Esconet’s technical depth, infrastructure capabilities, and OEM partnerships.

Moving forward, Fluidech will primarily focus on delivering specialized GRC services, a rapidly evolving and highly relevant space in today’s security-conscious digital landscape. A notable achievement for Fluidech is its recognition as the first consulting organization accredited by the National Critical Information Infrastructure Protection Centre (NCIIPC). This pioneering status offers a substantial first-mover advantage in engaging with government bodies, public sector units, and corporate organizations that fall under NCIIPC’s Critical Infrastructure designation.

Mr. Santosh Agrawal, Managing Director, Esconet Technologies said on this acquisition: “Together, Esconet and Fluidech are uniquely positioned to offer end-to-end solutions — from infrastructure to compliance — that address the most critical IT and cybersecurity challenges faced by enterprises and institutions today. This collaboration will enable us to deliver enhanced value to our customers, leverage emerging opportunities in the cybersecurity space, and build a more secure digital ecosystem for India’s critical sectors.”

We look forward to a future of shared success, innovation, and impactful service delivery. 

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