Synopsis: AvenuesAI Limited’s subsidiary, Avenues World FZ LLC, has received in-principle approval from the UAE Central Bank for a Retail Payment Services License, supporting business expansion, digital payment growth, and stronger market presence in the UAE.
This Small-Cap Stock, engaged in providing digital payment solutions, e-commerce software platforms, lending services, and payment gateway infrastructure for businesses across India and international markets, jumped 3.64 percent after receiving approval from the UAE Central Bank for a Retail Payment Services License.
With a market capitalization of Rs. 4,932.36 crores, the share of AvenuesAI Limited has reached an intraday high of Rs. 14.51 per equity share, rising nearly 3.64 percent from its previous day’s close price of Rs. 14. Since then, the stock has retreated and is currently trading at Rs. 14.14 per equity share.
Reason Behind the Surge
AvenuesAI Limited has informed the stock exchanges that its step-down subsidiary, Avenues World FZ LLC, has received an in-principle approval from the Central Bank of the UAE for a Retail Payment Services Category III License. This approval is an important step that will allow the company to strengthen its presence in the UAE’s digital payments market.
The approval is expected to help Avenues World expand its customer base, improve payment solutions, and support the growth of cashless transactions across the UAE. The company believes this development will increase business opportunities, enhance market credibility, and create long-term value for both the subsidiary and AvenuesAI Limited.
Company Overview
AvenuesAI Limited is one of India’s leading fintech companies and was the first listed fintech company in the country. The company has a strong track record of profitability and over two decades of experience in digital payments, e-commerce software platforms, and lending solutions. It provides payment infrastructure that helps businesses accept and manage online and offline payments efficiently.
AvenuesAI serves well-known customers across different industries, including airlines, hotels, retail brands, educational institutions, and government organizations. With over 950 employees and hundreds of domain experts, the company continues to focus on innovation, expanding its customer base, and strengthening its position in the fast-growing digital payments ecosystem.
Geographical Presence
AvenuesAI Limited has a strong presence across India and has also expanded internationally, especially in the UAE and the Middle East. AvenuesAI is among the top payment gateway providers in India and serves millions of merchants. Its platforms process a large volume of digital transactions every year, supporting the growth of cashless payments and online commerce.
Recent Quarter Results
Coming into financial highlights, AvenuesAI Limited’s revenue has increased from Rs. 1,161 crore in Q4 FY25 to Rs. 2,490 crore in Q4 FY26, which has grown by 114.47 percent. The net profit has also grown by 61.82 percent from Rs. 55 crore in Q4 FY25 to Rs. 89 crore in Q4 FY26. AvenuesAI Limited’s revenue and net profit have grown at a CAGR of 64 percent and 31 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE stand at 7.71 percent and 6.64 percent, respectively. AvenuesAI Limited has an earnings per share (EPS) of Rs. 0.80, and its debt-to-equity ratio is 0.09x.
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