Infibeam Avenues Limited, in its Board meeting held on December 11, 2025, approved a series of major decisions signalling an important strategic shift for the company, including leadership changes, a new independent director, a proposed name change, and an expanded AI-driven business vision. The meeting was held from 1:30 p.m. to 2:20 p.m.
The Board has approved the appointment of Ms. Neharika Vohra as an Additional Woman Director (Non-Executive and Independent) for a term of five years starting December 11, 2025, subject to shareholder approval. Ms. Vohra, a professor at IIM Ahmedabad with extensive academic and research experience in leadership, organizational behavior, and diversity, has also served as the founding Vice Chancellor of Delhi Skill and Entrepreneurship University. The filing confirms that she is not related to any board member and is not debarred from holding office by any authority.
The company also announced a significant leadership elevation. Mr. Vishwas Ambalal Patel, currently Joint Managing Director, has been elevated to the role of Managing Director and Chief Executive Officer for a five-year term effective December 11, 2025, subject to shareholder approval. A veteran of India’s digital payments ecosystem, Mr. Patel serves as the Chairman of the Payments Council of India and has been instrumental in shaping the country’s fintech landscape. The company confirmed that he too has no inter-se relationship with other directors and is not debarred from holding office.
In a major branding development, the Board has approved changing the company’s name from Infibeam Avenues Limited to AvenuesAI Limited, reflecting its strategic transition toward becoming an AI-first technology enterprise. This change will require approvals from shareholders, the Ministry of Corporate Affairs and other statutory authorities.
Alongside the name change, the Board also approved an amendment to the Main Object Clause (III A) of its Memorandum of Association by adding a new clause enabling the company to engage in research, development, design and creation of machine learning (ML) applications and AI-driven technologies, including SaaS offerings across industries. The expanded clause underscores the company’s ambition to scale digital payments, predictive technologies, automated customer engagement, and AI-powered business solutions as part of a unified future brand architecture.
The Board has additionally approved the Postal Ballot Notice, which will be circulated to shareholders and subsequently filed with stock exchanges.
