- Valuation
- ₹6,063 Cr

About Avenuesai Limited
Data last updated:
Avenuesai Limited is a public limited company based in Gandhinagar, Gujarat, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 30 June 2010 and has been in existence for over 16 years.
Its director Ajit Champaklal Mehta and family are #1,233 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L64203GJ2010PLC061366. Its GSTIN is 24AACCI3501P1ZN (Gujarat). The company holds 6 GST registrations, of which 3 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 539807 and NSE: CCAVENUE.
The company has an authorised share capital of ₹700 Cr and a paid-up capital of ₹314.64 Cr. It was formerly known as Infibeam Incorporation Limited and Ninfibeam Incorporation Limited. It is led by directors including Vishal Ajitbhai Mehta (Managing Director) and Vishwas Ambalal Patel (Managing Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 28th Floor Gift Two Building Block No. 56 Road – 5C Zone – 5 Gift City, Gandhinagar, Gujarat, India – 382355.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹8,115.85 Cr, a growth of 103.3% compared to the previous year. For the same year it recorded a net profit of ₹281.82 Cr (net margin 3.5%) and EBITDA of ₹348.01 Cr (EBITDA margin 4.3%). The net worth stands at ₹4,746.22 Cr (up 27.1% YoY). Total assets are valued at ₹5,436.81 Cr (up 34.7% YoY).
The company has about 738 employees on its provident fund (EPFO) records. Its group structure includes 8 subsidiaries.
The company is associated with 7 brands, including Phronetic AI, Shipdroid, TrustAvenue, Resavenue, BillAvenue and others. As per MCA filings, the company has open charges of ₹8.5 Cr and satisfied charges of ₹126.79 Cr on record. Court records list 19 cases involving the company, including 16 filed by the company and 3 filed against it; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ia.ooo.
Company details
Name history
Avenuesai has undergone 3 name changes throughout its history. The company was previously known as Infibeam Incorporation Limited, Ninfibeam Incorporation Limited, and Avenuesai Limited. The current legal name is Avenuesai Limited.
| Company Name | Status |
|---|---|
| Avenuesai Limited | Current |
| Infibeam Incorporation Limited | Previous |
| Ninfibeam Incorporation Limited | Previous |
CIN history
Avenuesai has one previous CIN (Corporate Identification Number): U64203GJ2010PLC061366. The current CIN is L64203GJ2010PLC061366, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L64203GJ2010PLC061366 | Current |
| U64203GJ2010PLC061366 | Previous |
Recognitions & Rankings of Avenuesai
- #1,233 Ajit Champaklal Mehta & family ₹1,900 Cr
Contact details
Avenuesai Limited's registered office is in Gandhinagar, Gujarat. Its website is ia.ooo. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address28th Floor Gift Two Building Block No. 56 Road – 5C Zone – 5 Gift City, Gandhinagar, Gujarat, India – 382355
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Avenuesai Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Avenuesai operates multiple associated brands including Phronetic AI, Shipdroid, and TrustAvenue. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops AI tools for video intelligence, security, and developer platforms. | phronetic.ai | |
| Provides online unsecured business loans to MSMEs to support growth and operations. | trustavenue.com | |
| Offers software for hotel bookings, distribution, and marketing services globally. | resavenue.com | |
| Unified interoperable platform for bill payments, recharges, and collections across India. | billavenue.com | |
| Digital payment solutions and enterprise software platforms are provided. | ia.ooo | |
| Merchant accounting, credit card processing, and payment gateway solutions for businesses | ccavenue.com | |
| Serves as a logistics aggregation platform for e-commerce merchants. | shipdroid.com |
Business activity
The main business activities of Avenuesai are financial and insurance service and information and communication. In detail, this covers other financial activities and data processing, hosting and related activities; web portal. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | |
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Avenuesai Limited, buy the company report.
Financials of Avenuesai Limited
FY 2025-26 filings availableAvenuesai Limited reported revenue of ₹8,115.85 Cr (up 103.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 8,116 | 3,993 | 3,150 | 1,962 | 1,294 | 676 | 633 |
| Revenue growth | +103.3% | +26.7% | +60.5% | +51.7% | +91.4% | +6.9% | - |
| EBITDA | 348 | 304 | 252 | 175 | 145 | 142 | 149 |
| EBITDA margin | +4.3% | +7.6% | +8.0% | +8.9% | +11.2% | +21.0% | +23.5% |
| Profit before tax | 341 | 308 | 208 | 182 | 98.35 | 81.76 | 130 |
| Net profit | 282 | 231 | 158 | 129 | 86.53 | 72.31 | 101 |
| Net profit margin | +3.5% | +5.8% | +5.0% | +6.6% | +6.7% | +10.7% | +16.0% |
| EPS (₹) | 0.80 | 0.81 | 0.57 | 0.52 | 0.32 | 0.54 | 1.62 |
| Balance sheet | |||||||
| Total assets | 5,437 | 4,036 | 3,485 | 3,196 | 2,988 | 2,917 | 2,836 |
| Net worth | 4,746 | 3,735 | 3,389 | 3,165 | 2,958 | 2,888 | 2,803 |
| Total debt | 430 | 172 | 83.39 | 8.03 | 0.21 | 19.83 | 26.37 |
| Cash & bank | 928 | 331 | 696 | 272 | 210 | 178 | 98.87 |
| Net working capital | 1,623 | 780 | 536 | 436 | 288 | 283 | 245 |
| Cash flow | |||||||
| Cash from operations | 537 | 72.05 | 728 | 113 | 122 | 155 | 22.40 |
| Cash from investing | (911) | (644) | (448) | (88.48) | (54.81) | (54.52) | (41.68) |
| Cash from financing | 957 | 208 | 178 | 36.68 | (35.81) | (9.36) | (26.08) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,680 | 2,490 | 2,381 | 1,965 | 1,280 | 1,161 | 1,070 | 1,017 |
| Revenue growth (YoY) | +109.4% | +114.5% | +122.5% | +93.3% | +71.8% | - | - | - |
| Other income | 30.33 | 25.43 | 18.11 | 21.06 | 28.00 | 24.13 | 27.10 | 3.54 |
| EBITDA | 100 | 90.98 | 92.29 | 89.69 | 70.99 | 75.15 | 78.22 | 77.75 |
| EBITDA margin | +3.7% | +3.7% | +3.9% | +4.6% | +5.5% | +6.5% | +7.3% | +7.6% |
| Depreciation | 33.56 | 21.79 | 18.50 | 18.76 | 17.67 | 17.85 | 18.93 | 17.11 |
| Interest | 10.14 | 9.90 | 3.13 | 3.17 | 2.43 | 3.23 | 2.08 | 1.74 |
| Profit before tax | 86.66 | 84.72 | 88.77 | 88.82 | 78.89 | 78.20 | 84.31 | 62.44 |
| Tax | 1.89 | (4.24) | 8.93 | 21.17 | 20.46 | 23.52 | 19.91 | 14.97 |
| Net profit | 84.77 | 88.96 | 79.84 | 67.65 | 58.43 | 54.68 | 64.40 | 47.47 |
| EPS (₹) | 0.24 | 0.28 | 0.26 | 0.23 | 0.21 | 0.19 | 0.23 | 0.17 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 7,585 | 3,546 | 2,961 | 1,787 | 1,167 | 577 | 582 |
| Revenue growth | +113.9% | +19.8% | +65.7% | +53.1% | +102.4% | -0.9% | - |
| EBITDA | 111 | 99.70 | 242 | 176 | 137 | 124 | 127 |
| EBITDA margin | +1.5% | +2.8% | +8.2% | +9.8% | +11.8% | +21.5% | +21.8% |
| Profit before tax | 184 | 192 | 205 | 181 | 84.53 | 60.43 | 60.31 |
| Net profit | 154 | 166 | 152 | 116 | 69.81 | 49.11 | 38.51 |
| Net profit margin | +2.0% | +4.7% | +5.1% | +6.5% | +6.0% | +8.5% | +6.6% |
| EPS (₹) | 0.44 | 0.57 | 0.55 | 0.51 | 0.26 | 0.37 | 0.58 |
| Balance sheet | |||||||
| Total assets | 4,229 | 3,386 | 3,196 | 2,988 | 2,787 | 2,686 | 2,631 |
| Net worth | 4,203 | 3,343 | 3,171 | 2,959 | 2,753 | 2,657 | 2,597 |
| Total debt | 18.40 | 18.42 | 11.67 | 8.03 | 7.22 | 19.83 | 26.37 |
| Cash & bank | 614 | 253 | 596 | 169 | 108 | 111 | 85.93 |
| Net working capital | 849 | 802 | 534 | 259 | 181 | 202 | 183 |
| Cash flow | |||||||
| Cash from operations | 583 | 23.42 | 605 | 178 | 102 | 158 | 24.01 |
| Cash from investing | (916) | (349) | (274) | (156) | (68.20) | (112) | (52.65) |
| Cash from financing | 680 | (17.55) | 106 | 36.91 | (35.63) | (9.26) | (20.81) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,533 | 2,339 | 2,248 | 1,842 | 1,156 | 1,047 | 953 | 903 |
| Revenue growth (YoY) | +119.2% | +123.4% | +135.9% | +104.0% | +69.4% | - | - | - |
| Other income | 21.66 | 14.37 | 9.89 | 38.86 | 39.32 | 32.28 | 36.54 | 22.24 |
| Total expenses | 2,513 | 2,313 | 2,216 | 1,804 | 1,141 | 1,018 | 927 | 875 |
| EBITDA | 20.14 | 26.43 | 31.77 | 37.77 | 15.42 | 28.77 | 25.33 | 28.07 |
| EBITDA margin | +0.8% | +1.1% | +1.4% | +2.1% | +1.3% | +2.7% | +2.7% | +3.1% |
| Depreciation | 5.82 | 6.11 | 6.11 | 6.43 | 5.50 | 6.43 | 6.47 | 6.16 |
| Interest | 2.04 | 1.49 | 1.20 | 1.74 | 0.99 | 2.33 | 1.43 | 1.50 |
| Profit before tax | 33.94 | 33.20 | 34.35 | 68.46 | 48.25 | 52.29 | 53.97 | 42.65 |
| Tax | 8.50 | 6.68 | 9.78 | 9.75 | 4.55 | 9.98 | 8.67 | 6.48 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,680 | 2,490 | 2,381 | 1,965 | 1,280 | 1,161 | 1,070 | 1,017 |
| Revenue growth (YoY) | +109.4% | +114.5% | +122.5% | +93.3% | +71.8% | - | - | - |
| Other income | 30.33 | 25.43 | 18.11 | 21.06 | 28.00 | 24.13 | 27.10 | 3.54 |
| EBITDA | 100 | 90.98 | 92.29 | 89.69 | 70.99 | 75.15 | 78.22 | 77.75 |
| EBITDA margin | +3.7% | +3.7% | +3.9% | +4.6% | +5.5% | +6.5% | +7.3% | +7.6% |
| Depreciation | 33.56 | 21.79 | 18.50 | 18.76 | 17.67 | 17.85 | 18.93 | 17.11 |
| Interest | 10.14 | 9.90 | 3.13 | 3.17 | 2.43 | 3.23 | 2.08 | 1.74 |
| Profit before tax | 86.66 | 84.72 | 88.77 | 88.82 | 78.89 | 78.20 | 84.31 | 62.44 |
| Tax | 1.89 | (4.24) | 8.93 | 21.17 | 20.46 | 23.52 | 19.91 | 14.97 |
| Net profit | 84.77 | 88.96 | 79.84 | 67.65 | 58.43 | 54.68 | 64.40 | 47.47 |
| EPS (₹) | 0.24 | 0.28 | 0.26 | 0.23 | 0.21 | 0.19 | 0.23 | 0.17 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 8,116 | 3,993 | 3,150 | 1,962 | 1,294 | 676 | 633 |
| Revenue growth | +103.3% | +26.7% | +60.5% | +51.7% | +91.4% | +6.9% | - |
| Other income | 88.99 | 83.44 | 24.83 | 70.73 | 17.94 | 18.63 | 72.72 |
| Total expenses | 7,768 | 3,689 | 2,898 | 1,787 | 1,149 | 534 | 484 |
| Employee cost | 129 | 148 | 121 | 108 | 81.78 | 61.53 | 54.19 |
| EBITDA | 348 | 304 | 252 | 175 | 145 | 142 | 149 |
| EBITDA margin | +4.3% | +7.6% | +8.0% | +8.9% | +11.2% | +21.0% | +23.5% |
| Depreciation | 76.71 | 70.36 | 66.61 | 61.60 | 62.64 | 75.06 | 87.33 |
| Interest | 19.09 | 8.74 | 2.94 | 2.15 | 2.29 | 4.05 | 4.24 |
| Profit before tax | 341 | 308 | 208 | 182 | 98.35 | 81.76 | 130 |
| Tax | 46.30 | 72.17 | 51.59 | 45.95 | 14.70 | 11.52 | 21.63 |
| Net profit | 282 | 231 | 158 | 129 | 86.53 | 72.31 | 101 |
| Net profit margin | +3.5% | +5.8% | +5.0% | +6.6% | +6.7% | +10.7% | +16.0% |
| EPS (₹) | 0.80 | 0.81 | 0.57 | 0.52 | 0.32 | 0.54 | 1.62 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 349 | 279 | 278 | 268 | 268 | 133 | 66.47 |
| Reserves & surplus | 4,441 | 3,498 | 3,152 | 2,899 | 2,730 | 2,795 | 2,776 |
| Shareholders' funds (net worth) | 4,746 | 3,735 | 3,389 | 3,165 | 2,958 | 2,888 | 2,803 |
| Minority interest | 231 | 108 | (1.65) | 0.97 | (3.05) | (0.28) | (1.78) |
| Secured loans | 399 | 153 | 71.72 | 0.00 | 0.21 | 19.83 | 26.37 |
| Unsecured loans | 30.39 | 19.92 | 11.67 | 8.03 | 0.00 | 0.00 | 0.00 |
| Total debt | 430 | 172 | 83.39 | 8.03 | 0.21 | 19.83 | 26.37 |
| Total liabilities | 5,437 | 4,036 | 3,485 | 3,196 | 2,988 | 2,917 | 2,836 |
| Assets | |||||||
| Gross block | 3,489 | 2,771 | 2,520 | 2,491 | 2,366 | 2,323 | 2,274 |
| Net block | 2,917 | 2,275 | 2,125 | 2,143 | 2,080 | 2,101 | 2,126 |
| Capital work in progress | 188 | 448 | 311 | 74.32 | 146 | 15.84 | 0.00 |
| Investments | 814 | 485 | 543 | 461 | 394 | 457 | 392 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 114 | 89.27 | 116 | 65.03 | 80.92 | 72.91 | 53.35 |
| Cash & bank balances | 928 | 331 | 696 | 272 | 210 | 178 | 98.87 |
| Loans & advances | 2,168 | 1,445 | 1,202 | 879 | 780 | 631 | 358 |
| Total current assets | 3,211 | 1,866 | 2,014 | 1,217 | 1,070 | 883 | 510 |
| Total current liabilities | 1,588 | 1,086 | 1,478 | 780 | 782 | 600 | 265 |
| Net working capital | 1,623 | 780 | 536 | 436 | 288 | 283 | 245 |
| Total assets | 5,437 | 4,036 | 3,485 | 3,196 | 2,988 | 2,917 | 2,836 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 331 | 695 | 237 | 209 | 177 | 86.36 | 132 |
| Net cash from operating activities | 537 | 72.05 | 728 | 113 | 122 | 155 | 22.40 |
| Net cash from investing activities | (911) | (644) | (448) | (88.48) | (54.81) | (54.52) | (41.68) |
| Net cash from financing activities | 957 | 208 | 178 | 36.68 | (35.81) | (9.36) | (26.08) |
| Net change in cash | 582 | (364) | 458 | 61.22 | 31.39 | 91.06 | (45.36) |
| Closing cash | 928 | 331 | 696 | 272 | 210 | 178 | 98.87 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +103.3% | +26.7% | +60.5% | +51.7% | +91.4% | +6.9% | - |
| EBITDA growth | +14.5% | +20.5% | +43.9% | +20.6% | +2.2% | -4.2% | - |
| PBT growth | +10.7% | +48.5% | +13.9% | +85.3% | +20.3% | -37.0% | -15.5% |
| Net income growth | +22.1% | +46.0% | +22.9% | +48.6% | +19.7% | -28.4% | - |
| Revenue CAGR (3Y) | +60.5% | +45.6% | +67.0% | +45.8% | +3.7% | -7.0% | +12.8% |
| EBITDA CAGR (3Y) | +25.7% | +27.9% | +21.0% | +5.7% | -6.0% | -3.0% | +30.6% |
| Profitability & leverage | |||||||
| Net income margin | +3.6% | +5.9% | +5.0% | +6.9% | +6.5% | +10.4% | +17.1% |
| Return on capital employed | +7.9% | +8.6% | +6.3% | +6.0% | +3.4% | +3.0% | +4.8% |
| Return on net worth | +7.0% | +6.6% | +4.8% | +4.5% | +2.9% | +2.5% | +3.9% |
| Debt / equity | 0.07 | 0.04 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 |
| Long-term debt / equity | 0.04 | 0.02 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 |
| Interest cover | 7.04 | 3.74 | 1.58 | 1.89 | 2.77 | 6.03 | 6.93 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.59 | 1.51 | 1.26 | 0.81 | 0.55 | 0.29 | 0.28 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 79.73 | 38.86 | 34.76 | 26.89 | 16.82 | 10.71 | 16.27 |
| EPS (₹) | 0.80 | 0.81 | 0.57 | 0.52 | 0.32 | 0.54 | 1.62 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.05 | 0.05 | 0.05 | 0.05 | 0.10 |
| Book value per share (₹) | 13.72 | 13.54 | 12.33 | 11.82 | 11.20 | 22.00 | 42.77 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,533 | 2,339 | 2,248 | 1,842 | 1,156 | 1,047 | 953 | 903 |
| Revenue growth (YoY) | +119.2% | +123.4% | +135.9% | +104.0% | +69.4% | - | - | - |
| Other income | 21.66 | 14.37 | 9.89 | 38.86 | 39.32 | 32.28 | 36.54 | 22.24 |
| Total expenses | 2,513 | 2,313 | 2,216 | 1,804 | 1,141 | 1,018 | 927 | 875 |
| EBITDA | 20.14 | 26.43 | 31.77 | 37.77 | 15.42 | 28.77 | 25.33 | 28.07 |
| EBITDA margin | +0.8% | +1.1% | +1.4% | +2.1% | +1.3% | +2.7% | +2.7% | +3.1% |
| Depreciation | 5.82 | 6.11 | 6.11 | 6.43 | 5.50 | 6.43 | 6.47 | 6.16 |
| Interest | 2.04 | 1.49 | 1.20 | 1.74 | 0.99 | 2.33 | 1.43 | 1.50 |
| Profit before tax | 33.94 | 33.20 | 34.35 | 68.46 | 48.25 | 52.29 | 53.97 | 42.65 |
| Tax | 8.50 | 6.68 | 9.78 | 9.75 | 4.55 | 9.98 | 8.67 | 6.48 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 7,585 | 3,546 | 2,961 | 1,787 | 1,167 | 577 | 582 |
| Revenue growth | +113.9% | +19.8% | +65.7% | +53.1% | +102.4% | -0.9% | - |
| Other income | 102 | 124 | 18.95 | 63.85 | 8.11 | 9.14 | 9.03 |
| Total expenses | 7,473 | 3,447 | 2,720 | 1,612 | 1,030 | 453 | 455 |
| Employee cost | 61.39 | 77.04 | 94.05 | 80.20 | 63.40 | 48.95 | 48.82 |
| EBITDA | 111 | 99.70 | 242 | 176 | 137 | 124 | 127 |
| EBITDA margin | +1.5% | +2.8% | +8.2% | +9.8% | +11.8% | +21.5% | +21.8% |
| Depreciation | 24.15 | 25.01 | 52.95 | 55.82 | 58.65 | 68.88 | 71.22 |
| Interest | 5.48 | 6.53 | 2.65 | 2.13 | 2.24 | 3.90 | 4.47 |
| Profit before tax | 184 | 192 | 205 | 181 | 84.53 | 60.43 | 60.31 |
| Tax | 30.76 | 32.17 | 52.96 | 46.01 | 14.69 | 11.05 | 21.71 |
| Net profit | 154 | 166 | 152 | 116 | 69.81 | 49.11 | 38.51 |
| Net profit margin | +2.0% | +4.7% | +5.1% | +6.5% | +6.0% | +8.5% | +6.6% |
| EPS (₹) | 0.44 | 0.57 | 0.55 | 0.51 | 0.26 | 0.37 | 0.58 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 349 | 279 | 278 | 268 | 268 | 133 | 66.47 |
| Reserves & surplus | 3,898 | 3,106 | 2,934 | 2,693 | 2,525 | 2,564 | 2,570 |
| Shareholders' funds (net worth) | 4,203 | 3,343 | 3,171 | 2,959 | 2,753 | 2,657 | 2,597 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 19.83 | 26.37 |
| Unsecured loans | 18.40 | 18.42 | 11.67 | 8.03 | 7.22 | 0.00 | 0.00 |
| Total debt | 18.40 | 18.42 | 11.67 | 8.03 | 7.22 | 19.83 | 26.37 |
| Total liabilities | - | - | 3,196 | 2,988 | 2,787 | 2,686 | 2,631 |
| Assets | |||||||
| Gross block | 2,075 | 2,229 | 2,242 | 2,407 | 2,313 | 2,296 | 2,256 |
| Net block | 1,792 | 1,877 | 1,915 | 2,075 | 2,036 | 2,078 | 2,106 |
| Capital work in progress | 17.63 | 2.48 | 0.15 | 4.81 | 65.56 | 14.41 | 0.00 |
| Investments | 1,760 | 869 | 838 | 628 | 447 | 391 | 301 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 67.15 | 91.84 | 122 | 53.63 | 43.56 | 39.40 | 19.03 |
| Cash & bank balances | 614 | 253 | 596 | 169 | 108 | 111 | 85.93 |
| Loans & advances | 1,525 | 1,359 | 1,101 | 757 | 743 | 607 | 299 |
| Total current assets | 2,206 | 1,703 | 1,820 | 980 | 895 | 757 | 404 |
| Total current liabilities | 1,357 | 901 | 1,285 | 720 | 715 | 555 | 221 |
| Net working capital | 849 | 802 | 534 | 259 | 181 | 202 | 183 |
| Total assets | 4,229 | 3,386 | 3,196 | 2,988 | 2,787 | 2,686 | 2,631 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 253 | 596 | 158 | 108 | 110 | 73.41 | 123 |
| Net cash from operating activities | 583 | 23.42 | 605 | 178 | 102 | 158 | 24.01 |
| Net cash from investing activities | (916) | (349) | (274) | (156) | (68.20) | (112) | (52.65) |
| Net cash from financing activities | 680 | (17.55) | 106 | 36.91 | (35.63) | (9.26) | (20.81) |
| Net change in cash | 346 | (343) | 438 | 59.43 | (2.15) | 36.52 | (49.45) |
| Closing cash | 614 | 253 | 596 | 169 | 108 | 111 | 85.93 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +113.9% | +19.8% | +65.7% | +53.1% | +102.4% | -0.9% | - |
| EBITDA growth | +11.8% | -58.7% | +37.6% | +27.9% | +10.7% | -2.3% | - |
| PBT growth | -4.1% | -6.3% | +13.0% | +114.7% | +39.9% | +0.2% | -2.2% |
| Net income growth | -7.5% | +9.3% | +31.1% | +65.9% | +42.2% | +27.5% | - |
| Revenue CAGR (3Y) | +61.9% | +44.8% | +72.5% | +45.4% | +28.9% | +23.5% | +122.0% |
| EBITDA CAGR (3Y) | -14.1% | -10.1% | +24.9% | +11.4% | +17.1% | +27.1% | +86.1% |
| Profitability & leverage | |||||||
| Net income margin | +2.0% | +4.5% | +5.1% | +7.6% | +6.0% | +8.6% | +6.6% |
| Return on capital employed | +3.4% | +3.9% | +6.7% | +5.5% | +3.2% | +2.4% | +2.5% |
| Return on net worth | +4.1% | +5.1% | +5.0% | +4.1% | +2.6% | +1.9% | +1.5% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Interest cover | 6.28 | 8.74 | 1.40 | 1.78 | 2.85 | 7.07 | 8.02 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.52 | 1.59 | 1.27 | 0.76 | 0.51 | 0.25 | 0.26 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 95.41 | 33.11 | 33.65 | 36.78 | 28.15 | 19.74 | 37.01 |
| EPS (₹) | 0.44 | 0.57 | 0.55 | 0.51 | 0.26 | 0.37 | 0.58 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.05 | 0.05 | 0.05 | 0.05 | 0.10 |
| Book value per share (₹) | 12.16 | 12.13 | 11.55 | 11.06 | 10.43 | 20.26 | 39.66 |
To see the full year-wise statements and ratios of Avenuesai Limited, buy the company report.
Board of directors of Avenuesai Limited
Avenuesai has 7 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Auditor
Avenuesai Limited is audited by SHAH & TAPARIA CHARTERED ACCOUNTANTS for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH & TAPARIA CHARTERED ACCOUNTANTS | FY 2023 | 109463W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 27.30%, foreign institutional investors hold 5.90%, domestic institutional investors hold 0.20% and retail and other public shareholders hold 66.60%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 27.30% | 27.30% | 27.30% | 27.30% |
| Public | 72.70% | 72.70% | 72.70% | 72.70% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2021 | 100518585 | Others | ₹8.5 Cr | Open | |
| 21 Mar 2022 | 100559320 | Karnataka Bank Ltd. | ₹30 Lakh | Satisfied | |
| 05 Dec 2018 | 100232653 | Others | ₹45 Cr | Satisfied | |
| 21 Jun 2018 | 100191911 | Hdfc Bank Limited | ₹15.05 Cr | Satisfied | |
| 04 Apr 2018 | 100170161 | Others | ₹6.39 Cr | Satisfied |
To see the full charge records of Avenuesai Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Avenuesai Limited has 19 court cases on record: 16 filed by Avenuesai, 3 filed against it. 6 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 1 | 5 |
| High courts | 6 | 0 | 1 |
| NCLT | 3 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Interim or miscellaneous application | Filed against the company by Seth Thakurdas Khinvraj Private Limited | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against , Ahmedabad and 2 others | Disposed |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed against the company by Grand Hilton Vacation Pvt Ltd and 2 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Chamber Summons) | Filed by the company against an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Pending |
To see the full case history of Avenuesai Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Avenuesai Limited was last rated by Icra on 07 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 07 Oct 2021 |
To see the full credit ratings and regulatory alerts of Avenuesai Limited, buy the company report.
MSME payment delays
Avenuesai Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 38 overdue payments to 19 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 19)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Mkcvs Vle Services Private Limited | |||
| Pay Point India Network Private Limited | |||
| Maaxus Digital Innovations Private Limited | |||
| Ktsclick E-Solution Private Limited |
To see the full MSME payment records of Avenuesai Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Avenuesai has 8 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Infibeam Logistics Private Limited | U63090GJ2013PTC074135 | |
| So Hum Bharat Digital Payments Private Limited | U67100MH2020PTC339627 | |
| Infibeam Projects Management Private Limited | U70109GJ2022PTC129384 | |
| Infibeam Digital Entertainment Private Limited | U72200GJ2012PTC070882 | |
| Odigma Consultancy Solutions Limited | U72900GJ2011PLC131548 | |
| Uvik Technologies Private Limited | U72900KA2019PTC126204 |
To see the full group structure of Avenuesai Limited, buy the company report.
Employees & EPFO
Avenuesai Limited has a workforce of 738 employees on its EPFO records as of Apr 08, 2024, across 2 active EPFO establishments.
GST
Avenuesai has 6 GST registrations: 3 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCI3501P1ZN | Gujarat | Active | 01 Jul 2017 |
| 27AACCI3501P1ZH | Maharashtra | Active | 02 Oct 2018 |
| 29AACCI3501P1ZD | Karnataka | Active | 16 Oct 2020 |
To see the full GST registrations and return filing status of Avenuesai Limited, buy the company report.
Recent activity
Avenuesai Limited has 20 board changes on record since 2010: 14 appointments and 6 cessations. The latest: Neharika Vohra was appointed as Director on 11 Dec 2025.
27 earlier events are in the company report.
News
Frequently asked questions
Avenuesai is an active public limited company based in Gandhinagar, Gujarat, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 30 June 2010 (16+ years old) and is registered under CIN L64203GJ2010PLC061366. Listed on BSE: 539807 and NSE: CCAVENUE.
Avenuesai reported revenue of ₹8,115.85 Cr for FY 2025-26 (up 103.3% YoY) based on consolidated financials.
Avenuesai has 7 current directors:
- Vishal Ajitbhai Mehta - Managing Director
- Vishwas Ambalal Patel - Managing Director
- Ajit Champaklal Mehta - Director
- Piyushkumar Mithileshkumar Sinha - Director
- Neharika Vohra - Director
- Girija Krishan Varma - Director
- Narayanan Sadanandan - Director
The latest financial statements of Avenuesai on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Avenuesai is 24AACCI3501P1ZN, registered in Gujarat. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 27AACCI3501P1ZH (Maharashtra), 29AACCI3501P1ZD (Karnataka).
The CIN (Corporate Identification Number) of Avenuesai is L64203GJ2010PLC061366. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Avenuesai is a listed company as per MCA records. Its shares are listed on both BSE (code: 539807) and NSE (symbol: CCAVENUE).
Avenuesai has 19 court cases on record: 16 filed by the company and 3 filed against it. 6 are pending. Most are in the district courts.
Avenuesai was incorporated on 30 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Neharika Vohra was appointed as Director on 11 Dec 2025. Vijaylaxmi Tulsidas Sheth ceased to be Director on 20 Mar 2025. Girija Krishan Varma was appointed as Director on 06 Mar 2025. Avenuesai has 20 board changes on record in total.
Avenuesai has 11 MSME Form 1 returns on record between 2019 and 2023, listing 38 overdue payments to 19 micro and small suppliers. The latest return was filed on 18 Dec 2023.