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Infibeam Avenues

B2B payments firm Infibeam Avenues to roll out RediffPay after NPCI nod

This is the first step in the company's foray into consumer facing businesses

B2B payments firm Infibeam Avenues to roll out RediffPay after NPCI nod
Updated On : 23 Dec 2024 | 11:23 PM IST

Infibeam Avenues Q2 results: Net profit increases 5% at Rs 44 crore

Payments-focused fintech Infibeam Avenues on Tuesday reported a 5 per cent increase in its consolidated net profit to Rs 44 crore for the September quarter. The Gandhinagar-headquartered entity had reported a net profit of Rs 41.89 crore in the year-ago period. On a standalone basis, its profit after tax slipped to Rs 36.1 crore from Rs 37 crore in the year-ago period, and Rs 36.26 crore in the quarter-ago period. The total income rose to Rs 949.34 crore from Rs 741.67 crore, while the operating expenses increased to Rs 900 crore from Rs 689.54 crore. The company has guided for a 23-32 per cent growth in the gross revenue at Rs 3,900-Rs 4,200 crore in FY25 and the operating profit to rise 9-19 per cent to Rs 275-300 crore. The Infibeam scrip closed 1.30 per cent down at Rs 27.37 apiece on the BSE as against a 1.03 per cent correction on the benchmark.

Infibeam Avenues Q2 results: Net profit increases 5% at Rs 44 crore
Updated On : 12 Nov 2024 | 10:28 PM IST

Rediff.com appoints Vishal Mehta as chairman and managing director

Mehta is also the chairman and managing director at Infibeam Avenues

Rediff.com appoints Vishal Mehta as chairman and managing director
Updated On : 01 Oct 2024 | 7:29 PM IST

Infibeam Avenues jumps 5% on AI order win from hospitals, gas stations

Infibeam Avenues share price surged as much as 5.13 per cent at Rs 32.37 a piece per share on the BSE in Wednesday's intraday trade

Infibeam Avenues jumps 5% on AI order win from hospitals, gas stations
Updated On : 28 Aug 2024 | 12:08 PM IST

Fintech Infibeam Avenues to acquire controlling stake in Rediff.com

Infibeam plans to combine its digital payment services, platform business offerings, and artificial intelligence solutions with Rediff.com's services

Fintech Infibeam Avenues to acquire controlling stake in Rediff.com
Updated On : 02 Aug 2024 | 11:12 PM IST

Infibeam Avenues Q4FY24 results: Net profit rises 26.2% to Rs 49.6 crore

In financial year 2024 (FY24), the company reported a net profit of Rs 158.1 crore, up 13 per cent from Rs 139.6 crore in the previous financial year (FY23)

Infibeam Avenues Q4FY24 results: Net profit rises 26.2% to Rs 49.6 crore
Updated On : 16 May 2024 | 8:02 PM IST

Infibeam's CCAvenue partners with Shivalik SFB to improve merchant access

Small finance bank's account holders will be able to make payments on websites 'powered' by CCAvenue, according to agreement

Infibeam's CCAvenue partners with Shivalik SFB to improve merchant access
Updated On : 02 May 2024 | 1:36 PM IST

Fintech stock sinks 9% on block deal Tuesday; has soared 87% so far in 2024

In the last 6 months, Infibeam Avenues has rallied 141 per cent from a level of Rs 16.6 reached on September 12, 2023

Fintech stock sinks 9% on block deal Tuesday; has soared 87% so far in 2024
Updated On : 12 Mar 2024 | 2:14 PM IST

Infibeam Avenues gets RBI's authorisation for payment aggregator licence

The company said that after receiving the in-principle approval from the RBI to operate as a payment aggregator in October 2022, the company received the final authorisation on March 4

Infibeam Avenues gets RBI's authorisation for payment aggregator licence
Updated On : 05 Mar 2024 | 11:08 AM IST

Colliers to construct Infibeam Avenues' $10 mn AI, tech hub in Ahmedabad

The AI hub will be established within GIFT City, Gujarat, with the Ahmedabad campus serving as an extension, slated to be operational within 18 months

Colliers to construct Infibeam Avenues' $10 mn AI, tech hub in Ahmedabad
Updated On : 13 Feb 2024 | 1:25 PM IST

Infibeam Avenues profit up 15.7% at Rs 41.4 cr on strong festive season

Meanwhile, the Gandhinagar-based company saw its revenue from operations more than double to Rs 911.9 crore in Q3 FY24, up from Rs 414.7 crore in Q3 FY23

Infibeam Avenues profit up 15.7% at Rs 41.4 cr on strong festive season
Updated On : 23 Jan 2024 | 7:34 PM IST

Infibeam Avenues signs pact with Gujarat to invest Rs 2,000 crore by 2030

Fintech firm Infibeam Avenues on Tuesday said it has inked a pact with the Gujarat government to invest Rs 2,000 crore in the state by 2030. The company announced the investment plan on the sidelines of the 10th edition of the Vibrant Gujarat Global Summit (VGGS) 2024. Infibeam said the proposed investment will go into its artificial intelligence (AI) hub for developing technology for payments and platforms specifically tailored for retailers. "With this MoU, we aim to fortify our partnership with the Gujarat government, opening up avenues for growth for retailers across the country," Infibeam Avenues Chairman and Managing Director Vishal Mehta said in a statement. Infibeam Avenues has named its AI-Hub located at GIFT city, Gandhinagar, as 'Phronetic.ai.

Infibeam Avenues signs pact with Gujarat to invest Rs 2,000 crore by 2030
Updated On : 09 Jan 2024 | 10:47 PM IST

Infibeam Avenues inks MoU with Gujarat govt to invest Rs 2,000 cr by FY30

The company said it aims to develop its Artificial Intelligence (AI) Hub for developing AI technology for payments and platforms aimed at servicing retailers

Infibeam Avenues inks MoU with Gujarat govt to invest Rs 2,000 cr by FY30
Updated On : 09 Jan 2024 | 8:52 PM IST

Infibeam Avenues picks up 49% stake in Ahmedabad-based Pirimid Fintech

The partnership aims to combine Infibeam's digital payments and AI-based frameworks with Pirimid Fintech's capital market trading software for its clients nationwide and globally

Infibeam Avenues picks up 49% stake in Ahmedabad-based Pirimid Fintech
Updated On : 14 Dec 2023 | 5:31 PM IST

Infibeam Avenues posts Rs 40.9 crore profit in Q2, income rises 6.3%

The company said it aspires to emerge as a key player in the artificial intelligence (AI)-based fraud detection and prevention market

Infibeam Avenues posts Rs 40.9 crore profit in Q2, income rises 6.3%
Updated On : 02 Nov 2023 | 5:59 PM IST

CCAvenue.ae launches mobile-based QR Code payment solution in the UAE

This is the company's first foray into the offline payment space in the UAE market

CCAvenue.ae launches mobile-based QR Code payment solution in the UAE
Updated On : 30 Oct 2023 | 2:25 PM IST

Infibeam Avenues gets RBI in-principle nod for payment aggregator licence

The RBI allowed another window to PAs existing as of March 2020 to apply to the central bank for a license

Infibeam Avenues gets RBI in-principle nod for payment aggregator licence
Updated On : 27 Oct 2022 | 11:54 PM IST

Infibeam Avenues Q4 net profit dips 11% to Rs 28 cr; revenue up 84%

For the full FY22, the profit after tax stood at Rs 84 crore, up 19 per cent over the previous fiscal

Infibeam Avenues Q4 net profit dips 11% to Rs 28 cr; revenue up 84%
Updated On : 09 May 2022 | 8:53 PM IST

DRC Systems India lists on BSE, NSE at Rs 128.75, Rs 128.80 respectively

DRC Systems India Limited, the demerged entity of IT consultancy Infibeam Avenues, got listed on bourses on Wednesday. The shares were listed at Rs 128.75 and Rs 128.80 on BSE and NSE respectively in opening deals. In a statement, the company said it received approval from BSE and NSE for listing and trading of its equity shares with effect from Wednesday. DRC Systems offers a vast range of customized IT solution and consultancy services to clients in India and International from the embryonic stage to the high-level stage. This includes development, maintenance, testing and all related ancillary services. Pursuant to the approval of Composite 'Scheme of Arrangement' from The National Company Law Tribunal, Ahmedabad Bench through an order on November 27, 2020, Infibeam Avenues Ltd demerged its Theme Park & Event business to DRC Systems. As consideration under the provision of the 'Scheme of Arrangement'for the transfer and vesting of the Themepark & Event Software Undertaking,

DRC Systems India lists on BSE, NSE at Rs 128.75, Rs 128.80 respectively
Updated On : 10 Mar 2021 | 1:13 PM IST

Infibeam Avenues Q3 net profit up 27%; announces 1:1 bonus share issue

Infibeam Avenues on Thursday reported a 27 per cent rise in consolidated net profit at Rs 14.99 crore for the three months ended December 2020.

Infibeam Avenues Q3 net profit up 27%; announces 1:1 bonus share issue
Updated On : 12 Feb 2021 | 1:41 AM IST