The company is a market leader in India's digital payments sector with an 8% market share and ranks among India's top 3 B2B payment gateways, while also being a key player in the UAE where it became the second-largest non-bank private payment company within 18 months. The rebrand reflects the company's transformation into a full-stack, AI-driven digital payments technology provider company.
Cyborg Score Rationale
Revenue surged to ₹23.8B from ₹10.7B YoY in Q3, demonstrating strong growth. However, EBITDA rose 22% YoY but EBITDA margin dropped to 4.01% from 7.31% YoY, showing profitability decline. The company has a low return on equity of 5.22% over last 3 years.
Top Insights
Trading now commences under the new ticker symbol 'CCAVENUE' on Stock Exchanges effective 03 February 2026, reflecting strategic repositioning
The Reserve Bank of India granted in-principle approval for issuance of Prepaid Payment Instruments under the Payment and Settlement Systems Act, 2007, expanding regulatory capabilities
The company completed strategic sale of its platform business to subsidiary Rediff.com India for ₹800 crore, transitioning to operate as a pure-play fintech and AI-driven payments company
AvenuesAI converted 79.4 Cr partly paid shares to fully paid after ₹5 payment, marking completion progress of rights issue steps
Named Competitors
Razorpay — Indian fintech payment gateway and infrastructure provider
PayU — Global payments platform operating in India
Instamojo — Digital payments and e-commerce platform for small businesses
Recent Developments
(Feb 2026) Trading commenced under new ticker CCAVENUE on NSE
(Jan 2026) ROC-approved name change to AvenuesAI Limited; Vishwas Patel elevated to MD&CEO