Aditya Infotech Ltd: 20.8% Market Share, World’s 3rd Largest CCTV Plant… and a P/E Watching You Back
1. At a Glance
Aditya Infotech (CP PLUS) just listed in August 2025 and is already trading at a P/E of 82.4, which is Wall Street startup territory. It dominates India’s video surveillance market with 20.8% share, ships nearly 13 million cameras a year, and has the third-largest CCTV manufacturing facility in the world. With ₹3,112 Cr FY25 revenue, ₹150 Cr PAT, and big capex plans, it’s positioned as the godfather of Indian security cameras. But investors are paying up like it’s the last CCTV before the apocalypse.
2. Introduction
If you’ve walked into a school, mall, or office in India and felt the unblinking eye of a black dome in the ceiling — chances are it’s an Aditya Infotech CP PLUS camera watching you. The company is India’s largest video surveillance hardware brand, outmuscling competitors in both enterprise security contracts and retail DIY installations.
It doesn’t just sell boxes with lenses — it’s built an ecosystem:
Services: Field maintenance, large project integration, Security-as-a-Service.
Its distribution footprint is monstrous: 1,012 distributors, 2,178 system integrators, and retail presence from Tier I metros to Tier III towns. The Kadapa plant (Andhra Pradesh) can crank out 17.2 million units a year — running at 77% utilization in FY25.
3. Business Model (WTF Do They Even Do?)
Core Revenue Streams:
CP PLUS brand (69%) – Flagship surveillance hardware & software.
Dahua (24.5%) – Exclusive India distributor.
Others (6.5%) – Accessories, networking gear, etc.
