Insider Brief
- QNu Labs expects to reach ₹200 crore (~$24 million) in revenue by fiscal year 2026, driven by quantum security solutions, especially in the defense sector.
- Over 50% of the company’s revenue is expected to come from private sectors like banking, telecom, and healthcare starting next year, with a ₹500 crore pipeline spanning India, the Middle East, and the U.S.
- QNu Labs’ quantum-secure digital certificates, currently being adopted by defense agencies, are gaining interest from enterprises seeking to strengthen their cybersecurity.
Indian quantum computing startup QNu Labs is expecting a leap in revenue growth, with expectations of reaching ₹200 crore — approximately $24 million — by fiscal year 2026, according to the company’s CEO.
This growth is being driven largely by the adoption of quantum security solutions, particularly in the defense sector, according to QNu Labs CEO Sunil Gupta, who discussed the results with The Press Trust of India, as reported by The Business Standard. The company, which saw ₹24 crore ($2.9 million) in revenue last year, aims to achieve ₹100 crore ($12 million) this fiscal year.
The growing interest in quantum technology from both government — and “gradual” interest in private sectors — is a key factor in this surge. Gupta emphasized that QNu Labs’ innovations in quantum-secure digital certificates and other solutions have attracted substantial government contracts, especially through programs such as iDEX (Innovations for Defence Excellence). The defense sector has been a primary driver of QNu Labs’ growth, Gupta said, while interest from other sectors and other use cases are starting to grow.
“A large part of our revenue comes from the government and from next year, we expect over 50 percent of our revenue to come from private enterprise,” Gupta told the newspaper. “We have a pipeline of Rs 500 crore comprising interest from entities to deploy quantum solutions. We have interest from banking, telecom and healthcare.”
That sources of that pipeline are spread across India, the Middle East and the United States. According to The Press Trust of India the company appears to be targeting quantum solution deployments in sectors that require robust encryption technologies to enhance data security.
One of QNu Labs’ solutions involves the use of quantum technology to create quantum-secure digital certificates, a critical component in secure communications. This technology, already being adopted by defense agencies, is now beginning to draw attention from enterprises looking to strengthen their cybersecurity infrastructure, as reported in The Business Standard. The company’s technology aims to address the vulnerabilities of classical encryption methods, which are increasingly at risk from advancing quantum computing capabilities.
The company used iDEX — or Innovations for Defense Excellence — to secure at least one defense-related deal, according to the newspaper.
Quantum computing, while still in its nascent stages, has a massive transformative potential because of its theoretical ability to solve complex problems much faster than traditional computing. Quantum security, a key focus area for QNu Labs, leverages the principles of quantum mechanics to create encryption methods that are virtually unbreakable by today’s standards.
Gupta’s confidence in the company’s prospects, as discussed in The Press Trust of India, reflects the broader trend of quantum computing making its way from theoretical development into practical applications across critical industries.
Gupta discussed these trends at India Mobile Congress.
