Panacea Infosec
Panacea Infosec is a New Delhi-based information security firm founded in 2012 by CEO Ajay Kaushik, with more than 90 cybersecurity professionals serving clients across India, the U.S., the Middle East, and Africa. The company is recognized for PCI DSS payment-security expertise as an accredited PCI
Visit Website ↗ + Add to CompareOverview
Panacea Infosec is a New Delhi-based information security firm founded in 2012 by CEO Ajay Kaushik, with more than 90 cybersecurity professionals serving clients across India, the U.S., the Middle East, and Africa. The company is recognized for PCI DSS payment-security expertise as an accredited PCI Security Standards Council Qualified Security Assessor and is the only Indian PCI QSA firm on the PCI SSC’s Global Executive Assessor Roundtable (GEAR) committee, alongside broader cybersecurity, data protection, and privacy compliance services spanning banking, insurance, telecom, and e-commerce.
SGS, the world’s largest testing, inspection, and certification company, announced its acquisition of Panacea Infosec on January 5, 2026, to expand its digital-trust and cybersecurity capabilities in India. SGS said the acquisition supports its target of at least CHF 200 million in additional Digital Trust revenue by 2027 compared to 2023.
Innovation Matrix Assessment
A 14-year-old compliance and payment-security consulting firm; growth is driven by expanding accredited-assessment capacity rather than proprietary product development.
An active, 90+-person PCI DSS assessment and cybersecurity compliance practice serving customers across India, the U.S., the Middle East, and Africa.
Acquisition by SGS, a Fortune Global 500-scale testing and certification company, announced January 2026 and independently reported, is a meaningful validation and scale signal.
A conventional, if internationally accredited, compliance and payment-security assessment model; not a novel technical approach.
Accredited PCI QSA status and a rare seat on the PCI SSC's Global Executive Assessor Roundtable are strong, independently verifiable credentials of real assessment expertise.
PCI DSS payment-security compliance remains consistently important given the scale and persistence of payment-card fraud and evolving international payment regulations.
Why CISOs Should Care
Brings globally accredited PCI DSS payment-security assessment expertise and a rare seat on the PCI SSC's Global Executive Assessor Roundtable, now backed by SGS's global testing, inspection, and certification scale.
What Makes It Different
A distinctive, independently verifiable global accreditation — the only Indian firm on the PCI SSC's GEAR committee — giving it standing in international payment-security standards development beyond typical regional consulting firms.
The Matrix Verdict
50/100 — INCREMENTAL INNOVATOR
A credible, internationally accredited payment-security and compliance specialist acquired by a Fortune Global 500-scale testing and certification company as part of a stated, quantified digital-trust growth strategy; a solid compliance-services consolidation with genuine, verifiable accreditation credentials.
Editorial Note: Claims vs. Verified Findings
The acquisition, PCI QSA/GEAR accreditation, and SGS's digital-trust revenue target are independently reported by SGS's own official press release and Indian business press (The Tribune, RCR Wireless); specific employee and revenue figures beyond '90+ professionals' were not further broken out.
Sources
Alternatives to Panacea Infosec
Vanta
Continuous automated compliance monitoring platform that replaces manual audit evidence-gathering with live, integration-based control checks.
AuditBoard (rebranded Optro)
Connected-risk platform for audit, SOX, risk, and compliance, recently rebranded from AuditBoard to Optro under an AI-agent-driven repositioning.
Arcova
Cybersecurity advisory and managed services firm, rebranded from MorganFranklin Cyber, offering GRC, IAM, OT security, and a cloud-based…
Level 6 Cyber
CISO ReviewedContinuous decision-intelligence platform (LISN) that replaces point-in-time security audits with a live digital twin of a CISO's program.
Credo AI
AI governance platform that discovers, assesses, and continuously monitors enterprise AI systems and agents against regulations like the…
Drata
Continuous compliance automation platform, Vanta's closest direct competitor, covering SOC 2, ISO 27001/42001, HIPAA, PCI DSS, DORA, and…