AVENUESAI LIMITED

Operates an online payment processing business and an e-commerce platform business. The Payment Business, which contributed 97.2% of segment revenue (Rs. 7,888.39 crore) in FY26, processes transactions for merchants and other businesses through the CCAvenue payment gateway and the newly launched PayCentral.ai agentic payments platform; total payment volume (TPV) processed in FY26 reached Rs. 5,038 billion. The E-Commerce Platform Business, which contributed 2.8% of segment revenue (Rs. 227.46 crore), was transferred via slump sale to subsidiary Rediff.com India Limited during FY26, with the parent's stake in Rediff raised to 82.66%. The cost structure is dominated by other operating expenses at 94.0% of revenue, reflecting payment processing and network fees typical of a payment aggregator, while employee costs are 1.6% and depreciation is 0.9% of revenue. The company raised approximately Rs. 700 crore through a Rights Issue in July 2025 (1.40 times oversubscribed), with proceeds earmarked for AI investment via subsidiary Nueromind Technologies, the Rediff stake, loan repayment and general corporate purposes. It has secured regulatory approvals including an RBI authorisation to issue prepaid payment instruments (GoWallet), an in-principle UAE Central Bank Retail Payment Services Category III licence for step-down subsidiary Avenues World FZ LLC, and IFSCA and offline payment aggregator licences.