Board Approves USD 4 Million Acquisition to Build Integrated ‘Make in India’ Surveillance Platform

Creative Newtech Limited has approved a proposed acquisition of 100 per cent of the equity share capital of Infinova (India) Private Limited, as it seeks to transition from a distribution-led model to a more integrated surveillance technology platform anchored in domestic manufacturing.

The Board has cleared a budget of up to USD 4.00 million for the transaction, covering consideration payable at closing along with acquisition-related costs and professional fees. The deal is at an advanced stage of finalisation and remains subject to satisfactory due diligence, necessary approvals and execution of definitive agreements.

The proposed acquisition includes Infinova India’s business operations, comprising its experienced team, product assembly and manufacturing facility in Pune, exclusive brand rights for India, technical assistance arrangements, supply chain access and an established OEM network.

Creative Newtech said the transaction would enable it to expand beyond partnerships and distribution into product ownership and technology-led operations. The addition of local assembly and manufacturing capabilities, along with brand rights and a service network, is expected to enhance after-sales support, customer reach, project execution capabilities and long-term service assurance within the surveillance segment.

Infinova India has established a presence in the critical infrastructure domain, with deployments spanning smart and safe city projects, metro systems, airports, Defence establishments, oil and gas facilities, power plants, industrial units, correctional facilities and courts. Its project references include Mumbai Safe City, Nagpur Smart City, more than 61 airports across India, Bangalore Metro, Dhaka Metro, IOCL, BPCL, HPCL, ONGC, NTPC, RCF, Bihar and Gujarat Jails and District Courts, Navy installations and SHAR.

Creative Newtech said the acquisition aligns with its broader strategy of building a comprehensive surveillance platform that complements its existing partnerships with brands such as Sparsh and Matrix. The company noted that integrating Infinova India’s capabilities is expected to create operational and market synergies and deepen participation across infrastructure, industrial, government, enterprise, institutional and commercial segments.

Cumulative Ventures LLP has been acting as the exclusive financial advisor on the proposed transaction.

Commenting on the acquisition, Mr Ketan Patel, Chairman & Managing Director of Creative Newtech Limited, said:

‘This proposed acquisition will be a significant milestone in our journey of building a strong and future-ready surveillance platform with a clear focus on Make in India.

Over the years, we have built our surveillance business through partnerships and distribution. With Infinova India, we are now moving towards building our own brand, along with technology ownership and manufacturing capability, which is a critical step forward for us.

The market is clearly shifting towards trusted, locally manufactured surveillance solutions. Infinova India will add credible manufacturing capability, product ownership and an established service network, which will strengthen our ability to execute at scale.

By bringing these capabilities together with our nationwide reach and execution strength, we see a clear opportunity to build a more integrated, reliable and scalable surveillance platform for the long term.’

Creative Newtech Limited operates in the technology distribution and solutions space, with a focus on surveillance and security products through partnerships with domestic and international brands.