Infibeam Avenues Ltd Share Price – NSE  /  BSE

IT - Software, Small Cap

Infibeam Avenues has allotted 36,27,244 equity shares of Re. 1/- each to the eligible employees upon exercise of Stock options under Employee Stock Option Scheme(s) of the Company. Consequently, the equity shares of the Company stand increased to 278,20,02,130 equity shares.

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Infibeam Avenues announced a significant milestone achieved by its international subsidiary Infibeam Avenues Saudi Arabia (Company).

Infibeam Avenues has become the first Indian fintech player to receive PTSP Certification from the SAMA (Saudi Payments) to operate as a Payment Processor (PTSP - Payment Technical Service Provider) in the Kingdom of Saudi Arabia (KSA).

In a strategic move to tap into the burgeoning digital economy of Saudi Arabia, Infibeam Avenues has now geared up to capitalise on the market's exponential growth potential. Saudi Arabia is one of the fastest growing economies of the world and with the government's 2030 vision and a target of receiving 130 million tourists a year, the digital economy is now on track for exponential growth.

Post-certification, the company's flagship payment brand -CCAvenue will establish itself as one of the major payment gateway (PTSP) player for digital transactions in Saudi Arabian market. The company's CCAvenue payment gateway solution has done data localisation and hosting within the Kingdom of Saudi Arabia (KSA) as well as secured PTSP processing approval from the authorities.

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The video AI platform is poised to revolutionise the way business organisations, institutions and governments leverage artificial intelligence for enhanced productivity and efficiency.

Theia is designed to cater to a diverse range of industries, where advanced video AI analysis capabilities transcend traditional boundaries.

Theia is a versatile video AI platform that empowers organizations to harness the power of AI video analysis for applications in areas such as sports analytics, media optimisation, traffic management, crowd control, insurance claims processing, optimization of manufacturing units, retail stores and other industries as well as government applications.

Infibeam Avenues is one of the leading global financial technology (fintech) company offering comprehensive digital payment solutions and enterprise software platforms to businesses and governments across industry verticals. The company's payment infrastructure solution includes acquiring and issuing solutions and offering infrastructure for banks.

The company reported 64% jump in consolidated net profit to Rs 42.1 crore as compared with Rs 25.7 crore in Q3 FY23. Revenue from operations was at Rs 912 crore in Q3 FY24, steeply higher than Rs 414.7 crore in Q3 FY23.

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Infibeam Avenues announced the unveiling of its ground-breaking Artificial Intelligence (AI) product, THEIA – a pioneering Video AI Developer Platform. This state-of-the-art video AI platform is poised to revolutionise the way business organisations, institutions, and governments leverage artificial intelligence for enhanced productivity and efficiency.

THEIA is designed to cater to a diverse range of industries, where advanced video AI analysis capabilities transcend traditional boundaries. This is a pioneering and versatile video AI platform that empowers organizations to harness the power of AI video analysis for applications in areas such as sports analytics, media optimisation, traffic management, crowd control, insurance claims processing, optimization of manufacturing units, retail stores and other industries as well as government applications.

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