Infibeam Avenues

#5509

Rank

$497.87M

MarketCap IN

IN India

Country

Summary
Infibeam Avenues Limited, a digital payment and e-commerce technology company, provides digital payment solutions, data center infrastructure, and software platforms for businesses and governments to execute e-commerce transactions. The company offers CCAvenue, an online payment gateway to ecommerce merchants to collect payments online. It also provides BillAvenue, an online bill payment platform for recurring bill payments services to customers; ResAven, an online hospitality management solution that helps hoteliers to distribute room inventory; Fable Fintech, a remittance technology platform for cross border payments to banks, businesses, and exchange houses; and ecommerce marketplace platform. The company operates in India, the United Arab Emirates, Saudi Arabia, Oman, and the United States. The company was formerly known as Infibeam Incorporation Limited and changed its name to Infibeam Avenues Limited in July 2018. Infibeam Avenues Limited was incorporated in 2010 and is based in Gandhinagar, India.

History

Infibeam Avenues Limited, formerly known as Infibeam Incorporation Limited, was founded in 2007 by Vishal Mehta. It is headquartered in GIFT City, Gujarat, India with offices in Delhi, Mumbai and Bengaluru. The company was started with an initial capital of ?10-15 crore. The company started with an online marketplace and expanded into software enabling services in 2011.

In 2008, Infibeam acquired Picsquare.com, a personalised photo printing website. In 2014, it acquired Odigma, a digital marketing company, for US$5 million.In 2014, Infibeam Avenues became the first internet registry in India to launch a generic, top-level domain 'dot triple O' .In March 2017, Infibeam Avenues and Avenues Private Limited entered into a binding agreement to merge and take control of CCAvenue through Equity Stake.Infibeam Avenues limited became India's first listed e-commerce company on the BSE and the NSE in 2016.

In 2017, after the Avenues India Pvt Limited merger, Infibeam Avenues Limited entered into the fintech space. Infibeam Avenues limited partnered and contracted with Jio Platforms and its affiliates to license its enterprise ecommerce software platform and enterprise digital payment platform, for their internal businesses.In 2017, it signed a Memorandum of Understanding to acquire DRC Systems, a provider of ERP solutions and customized software for e-commerce applications.


Mission
At Infibeam Avenues, we are committed to creating a seamless, end-to-end digital commerce experience for our customers, enabling them to scale up their businesses efficiently and quickly.

Vision
We envision becoming a leading global player in e-commerce and digital payments, delivering innovative, secure and cost-effective products and services to our customers around the world.

Key Team

Mr. Sunil N. Bhagat (CFO & Key Mang.ial Personnel)

Mr. Jason Ashok Kothari (Pres of International Operations & Investment Officer)

Mr. B. Ajaychandra (Chief Technical Officer)

Mr. Vijayakumar Subrakumar Subramanian (Chief Information Officer)

Mr. Parag Raval (Chief Admin. Officer)

Mr. Purvesh Parekh (Head of Investor Relations)

Mr. Shyamal Bhaskerbhai Trivedi (Sr. VP, Chief Compliance Officer, Company Sec. & KMP)


Recognition and Awards
Infibeam Avenues has won numerous awards, including the Frost & Sullivan India ICT Excellence Award in 2017, the Online Business Excellence Award from The World e-commerce Summit in 2016, and the Best e-commerce Platform Award from the 2016 E-Retailer Summit.

References
Infibeam Avenues
Leadership team

Mr. Vishwas Ambalal Patel (Exec. Director)

Mr. Vishal Ajit Mehta (MD, KMP & Director)

Ms. Neeru Sharma (Co-Founder, Country Head & Director of Infibeam's fully-owned Australia subsidiary)

Products/ Services
E-Commerce, Electronics, Information Technology, Internet, Mobile
Number of Employees
500 - 1000
Headquarters
Ahmedabad, Gujarat, India
Established
2007
Net Income
5M - 20M
Revenue
100M - 500M
Traded as
INFIBEAM.NS
Social Media
Fri Feb 23 2024
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