NEWS: CONSOLIDATED FINANCIAL RESULTS FOR Q3 FY 22-23: IAL'S GROSS REVENUE UP 4% YOY TO RS 415 CRORE, PAT UP BY 46% AT RS 35 CRORE, TPV UP BY 27% AT RS 1 LAKH CRORE.

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
  • 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.

  • 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
        • Announcements
        • 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
        • Advice To Shareholders
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Key Management Personnel and Management Team

Vishal Mehta

Managing Director and KMP

Vishwas Patel

Executive Director

Sunil Bhagat

Chief Financial Officer and KMP

Vijay Subramanian

Chief Information Officer

Neeru Sharma

Country Head & Director of Infibeam's fully-owned Australia subsidiary

Shyamal Trivedi

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

Purvesh Parekh

Head, Investor Relations

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

Pooja Shah

Head, Legal Counsel

Vishal Mehta

Managing Director and KMP

Vishal Mehta is the Managing Director of Infibeam Avenues Limited. He shoulders an imperative role in building and scaling a world-class team that designs innovative digital solutions and powers financial transactions globally under their flagship brand CCAvenue, with a vision to be a global fintech engine.

His ambition is to nurture Infibeam Avenues into a global digital payment infrastructure network, wherein as a network, its role will be to process global financial transactions; enabling smooth transactional experience for enterprises, corporates, startups, merchants, and governments globally.

Vishal holds degrees in Operations Research and Industrial Engineering from Cornell University, USA and management degree from the prestigious Massachusetts Institute of Technology, Sloan School of Management. After completion of his graduate studies, he joined Amazon headquarters where he played a key role in revitalizing technology and brought spurt in finance and corporate development.

After spending ten years of his life in the US, he returned to India in 2007 with several colleagues from Amazon and founded Infibeam, making it one of the largest fintech, software and payment infrastructure company; doing more than twenty billion dollars of transactions annually across more than a million merchants.

Vishwas Patel

Executive Director

Mr. Vishwas Patel is the Executive 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.

    Vijay Subramanian

    Chief Information Officer

      Vijay is the Chief Information Officer at Infibeam Avenues. He received an undergraduate degree from Indian Institute of Technology Madras and a graduate degree from the University of Illinois, Urbana-Champaign. Vijay has over 12+ years of experience in technology. Prior to joining Infibeam Company, he worked at Amazon.com. He received an undergraduate degree from Indian Institute of Technology Madras and a graduate degree from the University of Illinois.

      Neeru Sharma

      Country Head & Director of Infibeam's fully-owned Australia subsidiary

        Neeru Sharma is the Country Head and Director of Infibeam’s fully owned Australia subsidiary. Infibeam Avenues India is a market leader in platforms and digital payments.  The company’s flagship brand CCAvenue processes USD 50 billion in transactions globally.

        Neeru has a brilliant academic and professional career to her credit. She holds a bachelor’s degree in Computer Science & Engineering and a master’s degree in business administration from Carnegie Mellon University. Prior to joining Infibeam, she worked at Amazon, USA, in the Corporate Development team.

        She has also worked with Alcatel Development India Private Limited, Tata Consultancy Services, Amazon Global Resources Inc., EDS-Electronic Data Systems (India) Private Limited and NIGPL in various key positions with a vast and vivid work experience in Business Development, Project Management, and Financial Analysis in the Technology Sector, Product Management, Business Planning, Strategic Analysis, Corporate Finance roles, and led R&D-related projects in the Intelligent Network services domain in India, US and France for more than 14 years.

        Neeru is currently based in Sydney, Australia, and she has been entrusted with the responsibility of developing the digital payments business to tap the burgeoning Australian digital payment space.

        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.

          Purvesh Parekh

          Head, Investor Relations

            Purvesh Parekh is the Head of Investor Relations at Infibeam Avenues. He has nearly 20 years of experience in equity research and analysis, financial analysis, fundraising and investor relations roles. Previously he worked at Reliance in the Investor Relations role where he also played an instrumental role in company’s fundraising, merger and acquisition, and demerger and divestment initiatives. He also worked with CapGemini in Research division where he led the company’s set-up of equity and investment research division catering to global buy-side and sell-side institutions, including Hedge Funds, Private Equity, Investment Banks, Fund houses, and more and expanded the team in India and set-up resources in China as well to cater to Chinese markets. He began his career as a Research Analyst with JP Morgan India, researching and advising on M&A opportunities globally in the Technology, Media and Telecom sector. He is a post-graduate with an MBA in Finance from one of India’s premier MBA institute. He also holds various certifications in the field of Financial Investments.

            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.

                      Pooja Shah

                      Head, Legal Counsel

                        Pooja is leading the legal operations at Infibeam Avenues Limited. She has got vast experience in handling multifaceted legal projects involving commercial issues. She specializes is skills including drafting, vetting, reviewing and negotiating of Contracts. Prior to joining Infibeam, she has worked as an intern with J Sagar Associates, Khaitan & Co, Desai & Diwanji and Fox & Mandal. She has also worked as In- house legal advisor to Kalpataru Power Transmission Limited. She has completed her graduation with Hons i.e. B.A. LL.B (Hons) from Nirma University, Institute of Law and Masters in Commercial Law from George Washington University USA. She has also cleared Company Secretary (Executive Level).

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                        28th Floor, GIFT Two Building, Block No. 56, Road - 5C, Zone - 5, GIFT CITY, Gandhinagar, Taluka & District - Gandhinagar – 382 355 Gujarat, India
                        +91 79 6777 2200/01/02/03/04
                        +91 79 6777 2205
                        [email protected]

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