Infibeam Avenues names Vishwas Patel MD and CEO in leadership revamp

GANDHINAGAR: Infibeam Avenues has announced the planned elevation of Vishwas Patel, its joint managing director, to managing director and chief executive, effective December 11, subject to statutory approvals. Vishal Mehta will remain chairman and managing director, steering the company’s long-term AI-first strategy.

The reshuffle follows a multi-year overhaul under Mr Mehta, who has streamlined the business from a sprawling multi-platform model to two focused engines: digital payments under CCAvenue and AI-driven risk and infrastructure solutions under Phronetic.AI. The pivot has improved efficiency, strengthened market share and lifted revenue growth.

As MD and CEO, Patel will take charge of daily operations and execution, reporting to the board. Mehta said the company was entering a phase of “accelerated AI-led growth” and described Patel’s experience in payments and merchant relations as central to scaling its platforms across India and abroad.

Mehta, who also leads the strategic AI vision at Infibeam Avenues and heads Rediff.com India, said the payments ecosystem was being reshaped “at every layer” by AI, calling for faster execution and deeper merchant value.

The board has also appointed IIMA professor Neharika Vohra as an independent director for a five-year term from December 11. A leadership scholar with more than 70 published papers and extensive experience in entrepreneurship through IIMA Ventures, Vohra brings expertise in governance, management and institution building to the board.