Brihaspathi Technologies raises $10M, wins MSRTC project, plans IPO

With over 1.2 million CCTV cameras deployed nationwide, including for the BSF, Election Commission, and NEET exams, Brihaspathi anticipates 30% revenue growth this fiscal, driven by rising demand across education, transport, and public safety sectors

Hyderabad-based Brihaspathi Technologies, a leading AI surveillance and security solutions provider, has raised $10 million in funding from Foreign Institutional Investors (FIIs) and others. The investment marks a significant milestone, making it the first Indian company in the security surveillance industry to attract FII backing. The funds will support the company's aggressive expansion plans, including the construction of a new 72,000 sq. ft. CCTV manufacturing facility in Hyderabad, set to be operational by the end of the current financial year.

As part of its growth strategy, Brihaspathi Technologies plans to hire over 400 employees to further its mission of delivering cutting-edge, Made-in-India AI-based security systems. The company also has its sights set on an Initial Public Offering (IPO) in FY 2026–27, with the proceeds earmarked for enhancing R&D, increasing production capacity, and accelerating the rollout of advanced AI-driven surveillance technologies.

Further strengthening its public sector credentials, Brihaspathi Technologies has secured a major project with the Maharashtra State Road Transport Corporation (MSRTC) to deploy an AI-enabled CCTV monitoring system across the MSRTC network.

With over 1.2 million CCTV cameras deployed across India, including installations for the BSF, Election Commission, and NEET exams, Brihaspathi anticipates 30% revenue growth this fiscal. Rising demand across education, transport, and public safety sectors continues to drive its success.

Commenting on the future prospects, Rajasekhar Papolu, Managing Director, Brihaspathi Technologies Limited, said, "This is a transformative phase for Brihaspathi Technologies. The USD 10 million funding will accelerate our expansion plans, particularly the commissioning of our new manufacturing unit in Hyderabad, which will significantly scale up our production capabilities. Additionally, winning a major contract from the MSRTC is a testament to our ability to deliver impactful surveillance solutions on a large scale. As we prepare for our IPO in the next financial year, we remain committed to developing world-class, AI-powered, Made-in-India technologies that will redefine the security landscape across the nation.”

"India’s CCTV and surveillance sector is witnessing rapid growth, driven by heightened government focus on internal security, smart city initiatives, and increased demand for institutional monitoring. With the integration of AI and rising public awareness, the industry is expected to grow at a double-digit CAGR over the next five years, offering substantial opportunities for domestic manufacturers and solution providers. With a robust team of over 300 professionals at an average age of just 35 years, and a pan-India presence through GST-registered offices in 19 states, Brihaspathi Technologies has established itself as a trusted name in smart surveillance, IoT, and digital transformation," added Rajasekhar.