NEWS: CONSOLIDATED ANNUAL RESULTS FOR FY24-25: IAL’S GROSS REVENUE UP 27% YOY TO RS 39,926 MILLION, PAT UP BY 42% AT RS 2,095 MILLION, EBITDA UP BY 23% AT RS 3,121 MILLION.

Infibeam Avenues
  • Company
        • Company

          Infibeam Avenues Limited is a leading financial technology company which offers Digital Payment Solutions and Enterprise Software Platform to large enterprises and government globally
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          About us

          A Leading Multi-National Fintech Company

        • Key Management Personnel

          Illustrious leadership team exercising in Fintech space.

        • Listing

          Only Indian Fintech company listed on stock exchanges (BSE & NSE)

        • Founders

          Meet our leaders steering the Indian Fintech conglomerate to success.

        • Board of Directors

          Management team with futuristic - thinking and strong execution capabilities

        • Corporate Policies

          Corporate Policies
        • Environment Policies
        • HR Policies
        • Social Policies
  • Investor Relations
        • Investor Relations

          To create long terms shareholder value Infibeam Avenues limited constantly strive to provide innovative and bespoke digital solutions including investment in growth opportunities to gain market leadership
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        • Financial Results
        • Composition of Committee
        • Shareholding Pattern
        • Corporate Governance Report
        • Code of Conduct & Policies
        • Investor Grievance
        • Materiality of Events
        • Annual Return
        • Annual Secretarial Compliance Report
        • Monitoring Agency Report
        • Scheme of Arrangement
        • Unclaimed Dividend
        • Unclaimed Shares
        • IEPF
        • Advice To Shareholders
        • Link to ODR
  • IAL Business Solutions
        • Business Solutions

          Infibeam Avenues Limited provides a comprehensive suite of Fintech solutions and software platform spanning digital payment under the brand name CCAvenue & Enterprise Software Platform under the brand name BuildaBazaar
        • Digital Payment Solutions

          CCAvenue Payment Acquiring

          Payment Gateway + Payment Gateway Services + B2B + White Label

        • CCAvenue Payment Issuance

          Express settlements + Corporate prepaid cards + Corporate credit cards + lending.

        • CCAvenue Neo Banking

          Digital banking for corporates and SMEs

        • Enterprise Software Platform

          Enterprise Marketplace Platforms

          Provides enterprise-level customised eCommerce platform for handling large volume of sales

        • Bill Payments Platform

          RBI licensed single window bill payments platform (BBPS)

        • Hospitality Platform

          Integrated platform & payment solution for hotel industry

        • Others

          Instant Global Paytech

          DMT, AEPS, Bill Payments, Recharges, Travel, Insurance, Cash Collection

        • Avenues Payments

          Provides world-class money transfer software for banks and other business entities

        • Digital Enablers

          Provides value added services including data-center, digital marketing and domain registry services.

  • Media
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Key Management Personnel and Management Team

Vishal Mehta

Chairman & Managing Director and KMP

Vishwas Patel

Joint Managing Director and KMP

Sunil Bhagat

Chief Financial Officer and KMP

Mr Vijay Subramanian

CEO of Platform Business

Shyamal Trivedi

Sr. Vice President & Company Secretary (Chief Compliance Officer and KMP)

Anupama Salvi

Group CIO - Payments Services Division

Pankaj Dedhia

Chief Business Officer, India Payments Services Division

Vivek Nayak

Group COO - Payments Services Division

Arun Jeevaraj

Vice President - Business & Operations, UAE and Saudi Arabia

Ankit Patel

Group Chief Technology Officer and India CEO, Payments Services Division

Rajesh Kumar SA

CEO - Phronetic.AI

Smita Shetkar

Group Chief Risk Officer

Vishal Mehta

Chairman & Managing Director and KMP

Mr. Vishal Mehta serves as the Chairman and Managing Director of Infibeam Avenues Limited, where he spearheads efforts to build a world-class team focused on creating innovative digital solutions and enabling seamless global financial transactions through the company’s flagship brands, CCAvenue and Rediff. With a vision to position Infibeam Avenues as a leading global fintech engine, Vishal is dedicated to developing an extensive digital payment infrastructure that empowers enterprises, corporates, start-ups, merchants, and governments worldwide.

Under Vishal’s leadership, Infibeam Avenues has not only achieved excellence in the digital payments sector but has also expanded into cutting-edge technology domains. A standout initiative is Phronetic, a pioneering Vision AI business leveraging artificial intelligence to revolutionize how organizations process visual data. Phronetic enhances operational efficiency and decision-making across industries, positioning itself as a cornerstone of AI-driven solutions and enabling businesses to unlock new possibilities through intelligent automation.

Vishal has also steered the recent acquisition of Rediff.com, a well-known digital media and communications platform. This move aligns with his strategy to diversify Infibeam’s offerings in consumer payments and strengthen its presence in the digital financial ecosystem. Currently, he is focused on enhancing Rediff’s services to address the evolving needs of businesses and consumers alike.

Vishal holds degrees in Operations Research and Industrial Engineering from Cornell University and a management degree from the MIT Sloan School of Management. After completing his studies, he joined Amazon’s headquarters, where he contributed significantly to technological advancements and corporate development, particularly in finance.

In 2007, following a decade of professional experience in the United States, Vishal returned to India and co-founded Infibeam with former Amazon colleagues. Under his leadership, the company has grown into one of the largest fintech, software, and payment infrastructure provider, processing over $86 billion in transactions annually across more than 10 million merchants.

Vishwas Patel

Joint Managing Director and KMP

Mr. Vishwas Patel is the Joint Managing Director at Infibeam Avenues Limited (“IAL” or “Company”), and Founder & CEO of the Company’s Payments business.

Mr. Vishwas Patel is the founder of the payment gateway brand, CCAvenue, founded in the year 2001. CCAvenue is among the top 3 online payment gateway platforms in India and also ranks number 2 in the UAE among non-bank private digital payment companies. CCAvenue was recently honored with the Economic Times Best BFSI Brands 2021 Accolade and has been selected second year in a row as among India’s renowned and most trusted brands by Superbrands India.

Under his leadership IAL has developed a full stack payments portfolio covering Payments Acquiring, Payments Issuance, Domestic and International Remittance and Assisted Commerce in financial services.He has also expanded payments business in international markets covering UAE, Saudi Arabia, Oman, and the USA, and plans to expand in multiple geographies in the coming years to make the payments business global.

Mr. Patel has studied law and was a practicing counsel on the original side of the Bombay High Court.

Mr. Vishwas Patel has made significant contribution towards shaping and giving direction to the digital payments industry for nearly two decades in India.

He is currently the Chairman of the Payments Council of India, the primary industry body representing all the digital payments providers in India. PCI works closely with the regulators i.e. Reserve Bank of India (RBI), Finance Ministry and any similar government, departments, bodies or Institution to make ‘India a less cash society’. He also serves as a member in various RBI committees to deepen digital payments in India.

In recognition of his path-breaking accomplishments and stellar contributions as an industry leader in the Indian Fintech sector over the past two decades, he has been conferred many awards; Entrepreneur of the Year in Service Business – SaS & IT at the Entrepreneur Awards 2020, Intellectual Explorer Award 2020, Payments Entrepreneur of the Year accolade at the Payments & Cards Awards 2019, Asia Pacific Information Security Leadership Achievements Award 2007.

Sunil Bhagat

Chief Financial Officer and KMP

    Sunil Bhagat is a qualified Chartered Accountant and Chief Financial Officer at Infibeam Avenues Limited. He has over 22+ years of experience in Accounts and Audit, Taxation, Corporate Finance, Financial Control, and Strategic Planning for leading Companies in technology and manufacturing. Over the last 22 years, Mr. Sunil Bhagat has served across numerous financial leadership roles in several Companies including Piramal Glass Limited, Unimark Remedies Limited and Shalby Limited where he had played critical roles enabling him to lead teams to focus on financial planning, Organic and Inorganic Growth, Profitability and tax compliances.

    Mr Vijay Subramanian

    CEO of Platform Business

      Mr Vijay Subramanian is the Chief Executive Officer (CEO) of Platform Business at Infibeam Avenues Limited, has an exceptional academic background.

      Having earned an undergraduate degree from the prestigious Indian Institute of Technology (IIT) Madras and a graduate degree from the esteemed University of Illinois, Urbana-Champaign, his educational qualifications are truly exemplary. Such an impressive combination of academic accomplishments undoubtedly equips Vijay with a unique and refined insight into the realm of information technology.

      With over 20+ years of valuable experience in the field of technology, Vijay possesses a profound expertise that sets him apart from his peers. Prior to joining the ranks at Infibeam Avenues Limited, he had the privilege of contributing his skills and knowledge to the renowned Amazon.com, a testament to his exceptional capabilities.

      In conclusion, Vijay stands as an incomparable force within the technology industry, with his accomplished educational background and wealth of experience solidifying his position. His invaluable contributions to Infibeam Avenues Limited makes him an asset to the organization, as his expertise continues to thrive beneath his capable stewardship.

      Shyamal Trivedi

      Sr. Vice President & Company Secretary (Chief Compliance Officer and KMP)

        Shyamal Trivedi, Sr. Vice President & Company Secretary, is the Chief Compliance Officer heading the Secretarial Department. He is a qualified Company Secretary and is a fellow member of the Institute of Company Secretaries of India. He is having work experience of above 20 years which includes 5 years of Banking and more than 8 years of Investment Banking. Prior to joining Infibeam, he had worked with Axis Bank Limited and VIVRO. He brings with him vast expertise and experience in handling all the Secretarial and Corporate Law matters, dealing with the regulators, overall compliances of the Company, assisting management in successfully closing M&A transactions and in the business in legal and regulatory matters and ensuring the implementation of full compliance. He also holds a Master’s degree in Commerce and a Bachelor’s degree in Law from Gujarat University.

        Anupama Salvi

        Group CIO - Payments Services Division

          As the Quality Head at Infibeam Avenues, Anupama leads the company’s various initiatives towards attaining the highest standards of service and implementing suitable process enhancements to meet client expectations as well as the overall requirements of the industry. Anupama has extensive hands-on experience with IT and related business processes, which have helped her guide the organization in critical techno-commercial functions. She has been responsible for the strategic planning and scoping functional requirements and specs for new ventures and projects. Her past experience as project coordinator in the field of architecture in the USA, as well as the web application development in India, has helped her master the intricacies of one of her key responsibilities – that of Planning and Implementation. Her unique combination of technical and commercial prowess helps keep the company ahead in its strategy to provide cutting edge solutions to eMerchants worldwide.

          Pankaj Dedhia

          Chief Business Officer, India Payments Services Division

            Pankaj leads the Business Development department at Infibeam Avenues. He brings a keen understanding of the business requirements, strategy formulation and integrated value-creation approach. As the Business Development Head, he has been instrumental in identifying and articulating new business opportunities, building strategic relationships, finalizing key business deals as well as managing corporate and banking alliances. Over the course of his 11-year tenure with Infibeam Avenues, Pankaj has held multiple leadership roles, which has helped the organization achieve its objectives and grow. He is an energetic, motivated and committed individual who wants to make a difference, making him an invaluable asset to the organization. He holds an MBA degree in Marketing and Business Management and brings a keen understanding of the business requirements, strategy formulation and integrated value-creation approach

            Vivek Nayak

            Group COO - Payments Services Division

              Vivek is the Group Chief Operating Officer at the Payments Division of IAL. With over 30 years of work experience, he is currently looking after international expansion, infrastructure & resource planning and development, commercial operations, analytics and business intelligence. He has worn many hats during the 20 years that he has spent in the management team of the Company and has played an important strategic role in building the business.

              Prior to joining the Company in 2002, Vivek spent 13 years in a decision making position in the Communications sector. He has helped build many leading national and MNC brands while working in the Indian subsidiaries of some of the top global giants including WPP Group, Draft FCB and Grey Worldwide.

              An Economics Graduate from Mumbai University with an additional PGD in Advertising and Marketing from the prestigious institution Xaviers, Vivek is a prolific writer and a popular speaker at various forums on the eCommerce industry.

              Arun Jeevaraj

              Vice President - Business & Operations, UAE and Saudi Arabia

                Arun leads the organization in the Middle East and is currently responsible for its expansion in the KSA and the Emirates. His core competencies include Marketing Management, Business Operations, E-commerce, Customer Relationship Management (CRM), Market Research, and Management functions. Arun has an impeccable track record of achieving optimum results for the organisation in the digital payments sector for the past 12 years in India and the Middle East. He has been constantly exploring new business opportunities for CCAvenue in the region, while building and maintaining strategic relationships with various stakeholders including clients, banks and other payment associates of the company.

                Ankit Patel

                Group Chief Technology Officer and India CEO, Payments Services Division

                  Ankit leads the company’s India business and has been entrusted with making critical decisions for accelerating the growth of the organisation. His all-round experience in every aspect of business and his good analytical skills has proved invaluable in the company’s quest to attain perfection in various demanding business-driven models. Ankit has a successful track record in IT leadership of almost 15 years with broad experience across infrastructure operations, network management, process development, application development/deployment, database management, website operations, developing – structural designs to optimize software operations, booking engines, fares management systems and other external connectivity solutions. During his tenure, he has also worked as the Chief Technology Officer of the company. He managed the company’s technology infrastructure, with designated staff and resources. His all-round experience in every aspect of the business and his good analytical skills has proved invaluable in the company’s quest to attain perfection in various demanding business-driven models. Blessed with versatile skills, Ankit is an MBA in Finance from Narsee Monjee Institute of Management Studies (NMIMS) and has done an Advanced Diploma in Web Development and Database management from SSI.

                  Rajesh Kumar SA

                  CEO - Phronetic.AI

                    Rajesh Kumar SA joined Infibeam Avenues Ltd to redefine the trajectory of the company’s artificial intelligence business. He holds a degree of BE in Computer Science from UVCE, Bangalore. As a CEO, he holds a crucial role of architecting and spearheading the blueprint for the expansion and elevation of Infibeam’s artificial intelligence business – Phronetic.AI.

                    With an illustrious career and a wealth of expertise in the deep-tech AI and ML space, Mr Kumar is poised to lead Phronetic.AI into a new era of innovation and growth. With over 16 years of dedicated experience in deep tech, Mr. Rajesh Kumar has garnered acclaim for his contributions to the development of cutting-edge AI products, models, and solutions.

                    As a researcher and technologist, Mr. Kumar boasts of having multiple hackathon victories and also holds four granted US patents in the fields of deep learning, machine learning, fashion styling, and video analytics. Prior to joining Infibeam Avenues Ltd, Mr. Kumar served as the Director of Machine Learning at Meesho, where he developed intelligent systems for pricing, fraud detection, and supplier growth. Prior to Meesho, Rajesh also co-founded Streamoid, a deep-tech computer vision company in Fashion AI space.

                    Smita Shetkar

                    Group Chief Risk Officer

                      Smita serves as the Group Chief Risk Officer, leading and managing the Legal, Risk and Regulatory affairs of Infibeam Avenues and its three international subsidiary companies. She has been associated with the company for the past two decades advising the company’s executive team, and the operations and marketing team on a variety of issues and maintains the company’s relationships with external legal counsel. Under her, the Infibeam Avenues Legal Department has played a leading role in corporate communications, corporate compliance and intellectual property strategy. Smita is responsible for ensuring that the work processes related to legal issues, documentation, risk management and recovery are in place and running smoothly. Her past legal experience has proven invaluable in her achievement of the highest standards in risk mitigation and recovery management. Her key responsibilities include continued improvement of the work processes involving legal documentation processes, risk management and to evolve path breaking risk management tools which will help reduce the company risk profile even further.

                      Prior to joining Infibeam Avenues, Smita served as counsel for nine years with designated Senior Counsel P.K. Dhakephalkar in Bombay High Court, focusing on corporate finance, securities law compliance, and general corporate counseling. She has received a Bachelor’s degree in Commerce from the University of Mumbai, a LLB degree and an LL.M. in Consumer Protection Law and Hindu Law from the University Of Mumbai. Smita is a member of the Bar Council Of Maharashtra and Goa and the Advocates Association of Western India.

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                      +91 79 6777 2200/01/02/03/04
                      +91 79 6777 2205
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