Infibeam Avenues Limited is a prominent India-based financial technology (Fintech) company. The Company offers a comprehensive suite of digital payment solutions and enterprise software platforms to businesses and governments across various industry verticals. It is a key player in providing digital payment services, eCommerce platforms, digital lending, data cloud storage, and omnichannel enterprise software to businesses across India and globally.
Infibeam Avenues claims to serve over 1 crore (10 million) merchants on its platform. Its operations extend to international markets including the United States, Saudi Arabia, UAE, and Australia. The company is headquartered in GIFT City, Gujarat, India, with additional offices in Delhi, Mumbai, and Bengaluru. Founded in 2007 by Vishal Mehta, Infibeam Avenues was listed on the BSE and the NSE in 2016.
Infibeam Avenues Limited reported strong consolidated annual results for FY24-25. Gross revenue saw a significant increase of 27% year-on-year, reaching ₹39,926 million. Profit After Tax (PAT) grew by 42% to ₹2,095 million, and EBITDA increased by 23% to ₹3,121 million. In the third quarter of FY2024-2025, the company's net profit surged by 42.63% compared to the same period last year, reaching ₹62.40 crores.
The company holds a leading position in India's digital payments sector, commanding an 8% market share. It ranks among India's top 3 B2B payment gateways and has established a strong presence in the UAE, becoming the second-largest non-bank private payment company there within 18 months. Infibeam Avenues is also noted for being almost debt-free, which strengthens its financial stability.
- Revenue (FY25): ₹39,926 million (up 27% YoY)
- Net Profit (FY25): ₹2,095 million (up 42% YoY)
- EBITDA (FY25): ₹3,121 million (up 23% YoY)
- Net Profit (Q3 FY25): ₹62.40 Crores (up 42.63% YoY)
- Market Capitalization: ₹5,510 Crores (as of latest data)
- Earnings Per Share (FY25): ₹0.85
- Promoter Holding: 27.4% (as of latest data)
The company's flagship brand, CCAvenue, is a major player in the payment infrastructure market, processing over US$86 billion in online payments. The Digital Payments segment, led by CCAvenue, supports a wide range of online and offline payment solutions, including tokenization, multi-currency transactions, and QR or soft-PoS payments.
Key offerings in this segment include:
- CCAvenue digital payment solutions and BuildaBazaar enterprise software solutions.
- BillAvenue, an RBI-licensed Bharat BillPay platform.
- Merchant lending services through TokenPay and Trust Avenue.
- Payment options for merchants to accept payments via websites and mobile devices in over 27 international currencies.
In Enterprise Software, Infibeam Avenues provides cloud-based SaaS platforms for e-commerce and back-office operations. Its BuildaBazaar platform serves large clients, including GeM and JioMart, offering marketplace software solutions to two of India's four largest eCommerce organizations.
The Infrastructure & AI segment operates a state-of-the-art Tier-III data centre in GIFT City. The company has also launched an AI Hub named "Phronetic.ai," which offers advanced services such as fraud detection, vision AI, and deep-fake detection through strategic collaborations. The data centre is equipped with fully redundant and dual-powered IT components, having received Tier-III design certification from the Uptime Institute.
Infibeam Avenues has signed a Memorandum of Understanding (MoU) for Research and Development (R&D) with the Indian Institute of Sciences (IISc) Bangalore. This collaboration focuses on developing advanced real-time deepfake detection systems to bolster digital security for government entities, corporations, and organizations.
In August 2024, Infibeam Avenues Ltd. acquired a 54.1% stake in the internet business firm Rediff.com India Ltd., making it a subsidiary. Vishal Mehta, the founder of Infibeam, has taken on the role of Chairman and Managing Director of Rediff.com.
Infibeam Avenues has received approval for a TPAP license from the National Payments Corporation of India (NPCI), with Axis Bank acting as the Payment System Provider (PSP) bank. This license will enable RediffPay to offer Unified Payments Interface (UPI) services to its users.
Infibeam Avenues announced a ₹700 crore Rights Issue of partly paid equity shares to its existing shareholders. The issue involves 69,99,85,723 equity shares at ₹10 per share, aggregating up to ₹699.99 crores.
- Market Leadership: A leading position in India's digital payments ecosystem with over 10 million merchants.
- Strong Growth: Robust revenue growth trajectory, with a 27% YoY increase in FY25.
- Diversified Model: A well-diversified business model spanning payments, enterprise software, and infrastructure.
- Innovation Focus: Strategic expansion into AI and deepfake detection technology.
- Global Presence: Significant international presence in markets like the UAE and Saudi Arabia.
- Financial Strength: The company is almost debt-free, indicating strong financial health.
Infibeam Avenues continues to fortify its position as a comprehensive fintech solutions provider, leveraging technological innovations and strategic partnerships to drive growth across its various business verticals while maintaining its leadership in India's dynamic digital payments landscape.
