Seclore started in 2005 raised around 36 crore from Helion venture partners and ventureast and has CapGemini, Adecco and Essar group as their clients.

"Security startups in India offer low-cost solutions compared with their MNC counterparts. More importantly, they offer good service support, excellent turnaround time and flexibility, making them easier to work with," said Sameer Ratolikar, chief information security officer of Axis Bank, which uses Seclore and Pune-based encryption provider Uniken's solutions.

"Security market in last two years has started growing exponentially, because of the threat landscape," said Shree Parthasarathy, senior director at Deloitte Consulting. "Large enterprise solutions have gaps in offerings. Startups are filling these gaps by providing niche services." He estimated that the India IT security markets will double to Rs 1,500 crore by 2016.

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