2 weeks ago
AvenuesAI Q1 profit rises 45%, revenue doubles to ₹2,680 crore
AvenuesAI is a company in India that helps people and businesses pay for things online.
It announced how much money it made in the last three months.
The company's profit grew by 45 percent, which means it earned more than before.
Its revenue, or the money it brought in, doubled to a very big number.
AvenuesAI also owns a company called Rediff.com, which was known for email and news.
Rediff will become a bigger digital platform with payments and other services.
Rediff also got permission to sell shares to the public, called an IPO.
AvenuesAI wants to grow in the United States, where many people use digital payments.
The company is building a smart system called TISco that uses AI to understand how businesses and their transactions work.
This will help it create new products and reach its future goals.
AvenuesAI Ltd reported Q1 net profit of ₹85 crore, up 45% year-on-year.
Revenue more than doubled to ₹2,680 crore, while EBITDA grew 41% to ₹100 crore.
The Board approved increasing the face value of equity shares from ₹1 to ₹10.
The company targets ₹13,000 crore in revenue for FY27, up from ₹11,000 crore.
AvenuesAI plans US expansion for CCAvenue and an AI-led TISco platform, with Rediff.com as a FY27 growth cornerstone after receiving SEBI IPO approval.
- Who
- AvenuesAI Ltd, a GIFT City-based fintech company led by Chairman and Managing Director Vishal Mehta.
- What
- Reported a 45% rise in Q1 net profit to ₹85 crore, more than doubled revenue of ₹2,680 crore, approved a face value increase, and outlined growth plans including US expansion, the TISco platform, and Rediff's transformation.
- Where
- GIFT City, India, with the United States identified as a key strategic market.
- When
- June quarter (Q1), with results published on August 12, 2026.
- Why
- To drive growth toward the ₹13,000 crore FY27 revenue target and build an AI-led transaction intelligence layer across its ecosystem.
Key facts
- Company
- AvenuesAI Ltd (GIFT City-based fintech)
- Net profit (Q1)
- ₹85 crore, up 45%
- Revenue (Q1)
- ₹2,680 crore, more than doubled
- EBITDA
- ₹100 crore, up 41%
- FY27 revenue target
- ₹13,000 crore (from ₹11,000 crore)
- Face value change
- Equity shares from ₹1 to ₹10
- Subsidiary IPO
- Rediff.com received SEBI approval for its IPO
- Key strategic market
- United States for international payments
Quotes
Vishal Mehta
Chairman and Managing Director of AvenuesAI Ltd
“"AvenuesAI believes TISco can become an intelligence layer across its ecosystem, with potential applications in risk, fraud, merchant intelligence and financial services."”
thehindubusinessline.com




