Company Profile
Infibeam Avenues Limited (formerly known as Infibeam Incorporation Limited) was incorporated on June 30, 2010 under the Companies Act, 1956. The company is a public company domiciled in India and is incorporated under the provisions of the Companies Act applicable in India. The company’s shares are listed on the BSE Limited and National Stock Exchange of India Limited in India.
Infibeam Avenues (IAL) is a leading digital payments and e-commerce technology platforms company in India and provides a comprehensive suite of web services spanning digital payment solutions, data centre infrastructure and software platforms. It provides solutions to merchants, enterprises, corporations and governments in both domestic as well as international markets to enable online commerce. Its digital technology facilitates businesses and governments to execute e-commerce transactions in a safe and secure manner.
Business area of the company
Infibeam Avenues is primarily engaged in business of software development services, maintenance, web development, payment gateway services, e-commerce and other ancillary services.
Businesses
Payments
Infrastructure
Platform
Brands
CCAvenue
BillAvenue
ResAvenue
buyooo
Buildabazar
Awards
FY2017-18
A Golden Hat-trick: Infibeam Avenues wins ‘Best eCommerce Payment Innovation’ Accolade yet again at the eRetail Awards for CCAvenue
Infibeam Avenues Conferred with Consumer Durable & E-Retail of the Year Award at E-Retail Award 2018 by Franchise India
CCAvenue bags award for ‘Best Innovation in Payments & Transfers’ at the prestigious MoneyTech Awards organized by Entrepreneur India
Indian ICT Awards by Frost and & Sullivan for E-Commerce Platform Provider of the year (BuildaBazaar)
CCAvenue bags the ‘Silver Award’ at the prestigious Skoch Payments Award
ET Retail Awards for game changing idea of the year
FY2018-19
Ranked 418 in FT1000 High Growth Companies Asia -Pacific 2018
Consumer Durable & E-Retail of the Year Award
Best Digital Payments company BFSI Awards 2019 by Governance Now
The Best Digital Payment Facilitator
Best eCommerce Payment Innovation
Best Marketing Technology Combination
Risk Management Team of the Year
Best Digital Payment Facilitator
Best Online Payments Facilitator
Fastest Growing Online Service Provider in UAE
FY2019-20
Best Digital Payment Processor India Digital Summit 2020, by IAMAI
Best Technology Platform SKOCH Award: Technology deployment for Government Projects & Digital Platforms.
CCAvenue recognised as Superbrand 2019 Superbrands India
Best Workplace of the Year Employee Experience & Engagement Awards 2019, by Transformance Forums
Digital Payment Facilitator - Category Leader REACH Acceptance Summit 2019, by Mastercard
Most Innovative Online Payment Service Provider Global Business Outlook Awards 2019
Game changing idea of the year ET Retail Awards
Best Digital Payment Facilitator Drivers of Digital (DOD) Awards 2019, by Inkspell
Most Innovative Payment Service Provider & Fastest Growing Online Payment Service Provider (U.A.E) International Finance Awards 2019
Best Online Payments Facilitator MEA UAE Business Awards 2019
Risk Management Team of the Year ERM World Awards 2019, by Transformance Forums
Milestones
2007: Launch of Infibeam.com, an eCommerce marketplace
2010: Launch of Small and Medium Enterprise (SME) marketplace software platform to build online stores for doing business online (BuildaBazaar)
2014: Launch of large enterprise marketplace software platform to build scalable online stores (BuildaBazaar for enterprise)
2014: Acquired ODigMa, an online digital marketing services company
2014: Received licence from ICANN to launch and operate ‘.OOO’ GTLD globally
2016: Got listed on the BSE and NSE. Part of S&P BSE A Group and S&P BSE 500
2017: Acquired and merged Avenues India (CCAvenue) to offer payments, along with platform solutions
2017: Won contract from the Government of India for powering their online procurement portal, Government e-Marketplace (GeM)
2017: Acquired 51% with control of cloud ERP solutions provider DRC Systems
2018: Rebranded Infibeam Incorporation to Infibeam Avenues to reflect focus on payments business, along with platforms business
2018: Acquired Dubai-based Vavian International to launch payments business in the UAE
2019: Demerged and divested non-core businesses; supply-chain related SME marketplace software platform to Suvidhaa, ancillary eCommerce business to Ingenius eCommerce, demerged Theme Park & Event Software to DRC, and sold 51% stake in the UAE software platform entity to Unipropitia
2019: Filed for the demerger and listing of Suvidhaa and DRC Systems to unlock shareholder value
2020: Launched digital payments in the KSA, Oman and USA
2020: Acquired Cardpay Technologies (GRIT) to offer credit cards to corporate
2020: Planning to increase stake in Go Payments to 52.38% and partner them to offer pre-paid cards