Shares of AvenuesAI Ltd. rose on Friday after the company said its step-down subsidiary, Avenues World FZ LLC, had received an in-principle approval from the Central Bank of the UAE for a Retail Payment Services Category III License.
The stock climbed as much as 3.64% to an intraday high of ₹14.51, compared with the previous close of ₹14. It later pared some gains and was trading at ₹14.14.
The company has a market capitalization of ₹4,932.36 crore.
UAE approval boosts expansion plans
According to the company, the approval marks an important milestone for its UAE operations.
The license is expected to help Avenues World:
- Expand its customer base
- Strengthen payment offerings
- Increase its presence in the UAE digital payments market
- Support the growth of cashless transactions
The company said the development could enhance its market position and create long-term growth opportunities.
Focus on digital payments
AvenuesAI Ltd. operates in digital payments, e-commerce software platforms and lending solutions.
Its offerings include:
- Payment gateway infrastructure
- Digital payment solutions
- E-commerce software platforms
- Lending services
The company serves businesses across India and overseas markets.
Presence across sectors
AvenuesAI’s customers include organizations from several industries, such as:
- Airlines
- Hotels
- Retail
- Education
- Government
The company employs more than 950 people and has a network of domain specialists.
International footprint
Besides India, the company has expanded its operations in:
- The UAE
- Other Middle Eastern markets
AvenuesAI processes a large volume of digital transactions annually and caters to millions of merchants.
Q4 FY26 results
The company reported strong growth in the March quarter.
Financial performance
| Particulars | Q4 FY25 | Q4 FY26 | Growth |
|---|---|---|---|
| Revenue | ₹1,161 crore | ₹2,490 crore | 114.47% |
| Net profit | ₹55 crore | ₹89 crore | 61.82% |
Over the last five years:
- Revenue has grown at a CAGR of 64%
- Net profit has grown at a CAGR of 31%
Key ratios
- ROCE: 7.71%
- ROE: 6.64%
- EPS: ₹0.80
- Debt-to-equity ratio: 0.09x
Company profile
AvenuesAI is among India’s early listed fintech companies and has more than two decades of experience in digital payments and e-commerce technology.
The company provides infrastructure that enables businesses to manage online and offline payment transactions.
TL;DR
AvenuesAI shares gained after its subsidiary, Avenues World FZ LLC, received in-principle approval from the UAE Central Bank for a Retail Payment Services Category III license. The approval is expected to support the company’s expansion in the UAE digital payments market.
AI summary
- AvenuesAI rose after its subsidiary received UAE regulatory approval.
- The approval relates to a Retail Payment Services Category III license.
- The company aims to strengthen its presence in the UAE.
- Q4 FY26 revenue jumped 114% to ₹2,490 crore.
- Net profit increased 62% to ₹89 crore.
