What do antivirus software provider Quick Heal Technologies and public internet services in India have in common? The year 1995. It’s when public internet services first began in India, and also when Quick Heal released its first antivirus product for Windows 3.1.
Soon after its birth alongside the retail internet, Quick Heal went on to become the market leader of India’s consumer antivirus space. According to its Draft Red Herring Prospectus (DRHP) filing in 2016, Quick Heal had a 30% share in the retail segment according to a report by global management & strategy consulting firm Zinnov.