Enterprises today are trapped in a labyrinth of fragmented security tools, overlapping compliance frameworks, and ever-increasing regulatory scrutiny. Small and mid-sized businesses, in particular, face the dual challenge of high audit costs and persistent gaps in governance, leaving them exposed to risk and inefficiency. Traditional approaches manual audits, point solutions, and siloed vulnerability scanners, often consume months and significant resources, yet fail to provide real-time assurance or actionable insights. In an industry where time, trust, and accuracy are critical, these challenges demanded a reimagined approach to cyber governance.
The solution came in the form of a unified, AI-driven cyber assurance platform that transforms compliance from a periodic burden into continuous, decision-ready intelligence. This innovation, led by Vijay Banda, Executive Chairman and Chief Strategy Officer of SynRadar, bridges the gap between security, business enablement, and regulatory confidence. By automating 128+ regulatory requirements, integrating multiple vulnerability scanners, and delivering audit-grade evidence at scale, Vijay has reshaped how enterprises approach cybersecurity.
First-Hand Insight into the Creation of SynRadar
SynRadar’s journey began in 2014, with a decisive pivot in 2019 from a services-led model to a product-first cyber assurance platform. Recognizing the immense potential of this ‘audit-grade’ foundation, Vijay Banda joined as Executive Chairman and Chief Strategy Officer in 2025. His leadership has supercharged the platform’s evolution—moving beyond simple compliance to an AI-first governance model that treats security telemetry as a financial asset.
For small and mid-sized businesses (SMBs), the challenge was even more severe. Compliance engagements for frameworks such as ISO 27001 often cost between ₹10–50 lakh and take up to six months to complete. Despite these investments, more than 75 percent of enterprises continued to struggle with sustained compliance management.
By 2019, the company pivoted from a services-led model to a product-first cyber assurance platform designed specifically for SMBs and regulated enterprises seeking speed, affordability, and audit-grade rigor. In 2025, Vijay joined as Executive Chairman and Chief Strategy Officer, acting as the catalyst to transform SynRadar into the current AI-driven global ecosystem.
Building an Integrated Cyber Assurance Platform
The early years presented major technical and strategic challenges for SynRadar. Tackling multi-framework compliance ISO 27001, SEBI CSCRF, RBI S-31, PCI-DSS, and GDPR required a unified data model to map controls, evidence, and audits across standards. It took 18 months to develop a system that translates one remediation action into compliant evidence for multiple frameworks simultaneously.
Integrating over 15 vulnerability scanners like Qualys, Nessus, AWS Inspector, and Azure Security Center was equally tough. SynRadar consolidated this data and introduced business-risk prioritization, focusing on residual risk rather than raw CVSS scores.
Pricing and trust issues led SynRadar to adopt a cloud-native, multi-tenant model with India-hosted infrastructure, zero-trust design, and SOC 2 Type II certification. By FY25, SynRadar earned ₹2.75 crore in annual recurring revenue with 40% growth, serving 25+ regulated BFSI clients, including Kotak Mahindra Mutual Fund and ICICI Lombard.
The Shift From Compliance to Business Enablement
By mid-2024, SynRadar had cut audit cycles by 60–80% and significantly eased compliance burdens. During this phase, a clear pattern emerged: customers increasingly valued the business outcomes enabled by faster compliance—such as winning tenders, lowering insurance costs, and accelerating mergers.
Recognizing the strategic importance of this shift, Vijay Banda formally joined SynRadar in 2025 as Executive Chairman and Chief Strategy Officer to institutionalize and scale this vision, guiding the company toward an AI-first governance model.
The result was SynerGenie, the AI engine automating evidence collection, continuous assessments, policy creation, and incident documentation. This AI engine transformed compliance from periodic tasks to continuous proof, enabling real-time SEBI CSCRF compliance, automating 128+ regulatory requirements, and accelerating risk closure by nearly 90%. For Vijay Banda, this shift underscored that cybersecurity success is measured by business capability, not just defensive metrics.
Delivering Impact at Enterprise Scale
SynRadar’s platforms have shown a strong impact in complex enterprises. In a post-merger NBFC, it automated vulnerability management for 1,000+ assets, handling 260,000+ security issues without extra staff. Audit timelines dropped 70%, and SLA breaches ended through real-time alerts and centralized reporting.
In banking, automated remediation improved risk closure by 90%, boosting application stability and resilience. For insurers, it sped up security clearances, accelerating product launches while maintaining governance.
SynRadar’s edge is its integrated architecture: SynVM, SynECM, and SynSCM share a single data model, mapping one asset, vulnerability, and control across frameworks for consistency, traceability, and audit-grade integrity.
SynRadar Key Metrics Snapshot
SynRadar’s performance is captured through concise indicators that reflect stability, efficiency, and enterprise readiness across its cyber governance and insure-tech journey.
- Founded: 2014; transformed into a platform-first company in 2019 (9 years of sustained operations)
- ARR FY25: ₹2.75 Cr (40% YoY growth)
- Risk Closure: 90% faster
- Automation: 128+ SEBI CSCRF requirements
- Retention: 120%+ NRR
- Customers: 25+ BFSI enterprises, High-trust, regulated adoption
- Gross Margins: 72–76% Strong SaaS economics
- CAC Payback: 8–10 months Capital-efficient growth
- NRR: 120%+ Expansion-driven revenue
- Insurer Pilots: 1 active, 2–3 upcoming Proof-of-concept stage
The Next Phase of SynRadar
As SynRadar moves into its next stage of growth, Vijay Banda is concentrating on building partnerships that extend the company’s impact beyond individual enterprises. For Vijay, true success is collective by democratizing enterprise-grade assurance for SMBs. SynRadar ensures that the ‘backbone of Bharat’ isn’t left behind in the digital economy. His focus is on creating an ecosystem where cyber governance operates as a continuous, trusted function across business, technology, and insurance.
Under his leadership, SynRadar has partnered with IIIT Hyderabad to advance AI-driven governance research, reinforcing Vijay Banda’s belief that meaningful cybersecurity innovation must be grounded in rigorous intelligence rather than incremental automation. At the operational level, integrations with platforms such as ServiceNow and Jira embed compliance directly into enterprise workflows, reducing friction while strengthening governance discipline.
Technical CISO to a Cyber CFO
Vijay foresees the rise of the ‘Cyber CFO’—a leader who views security telemetry as financial data, using SynRadar’s Continuous Proof APIs to negotiate 15–25% premium reductions. Vijay is also shaping SynRadar’s expansion at the intersection of cybersecurity and insurance. Through an active pilot with TATA AIG, the platform is enabling continuous, audit-grade proof to support underwriting and claims validation. Looking ahead, he is guiding measured expansion into select Asia-Pacific markets and regulated verticals, ensuring scale is achieved without compromising trust or rigor.
Under his leadership, SynRadar is advancing a shift from periodic audits to continuous proof, enabling real-time validation of controls that remain perpetually audit-ready. Vijay views this model as essential for restoring trust between enterprises, insurers, and regulators, particularly in addressing denied claims and inflated premiums caused by unverifiable cyber posture.
Looking ahead, his focus is on using AI-assisted governance to make enterprise-grade assurance accessible at scale, ensuring organizations of all sizes can replace compliance theater with decision-ready, provable trust.
Founder’s Insight:
- The 4 Mantras for Future Readiness: In his bestseller Skill Up India, Vijay Banda outlines a transformative framework for the next generation of professionals. Just as enterprises must evolve, individuals require a “New-You” version to open new doors:
- Develop Industry Awareness: Understanding the “Industry 4.0” landscape.
- Know Yourself: Deep introspection through SWOT and Emotional Intelligence.
- Be Adept: Mastering the “Why, What, and How” of future skills.
- Attitude to Adapt: Building an AQ (Adaptability Quotient) to remain resilient in a shifting economy.
- These principles are rooted in Vijay Banda’s own journey, which he shares in his TEDx talk, “4 Keys to Unlock New Career Opportunities,” offering a personal perspective on adaptability, self-awareness, and future-ready leadership.
