IIMA Professor Dr. Neharika Vohra appointed as the Independent Director
FinTech BizNews Service
Mumbai, 11 December 2025: Infibeam Avenues Ltd (‘Company’) today announced it planned elevation of Mr. Vishwas Patel, currently Joint Managing Director, to the role of Managing Director and Chief Executive Officer, effective December 11, 2025, subject to requisite statutory approval. Mr. Vishal Mehta will continue to head the Company’s board as Chairman and Managing Director, driving long-term AI-first strategic vision.
This planned leadership realignment builds on the company’s strategic transformation over the past several years. Under the stewardship of Mr. Vishal Mehta, Infibeam Avenues Limited has re-architected its business model, moving from a diversified multi-platform approach to a unified, high-focus strategy centered on digital payments under the brand CCAvenue and AI- driven solutions under the brand Phronetic.AI. This transformation has strengthened operational efficiency, expanded market presence, and accelerated revenue growth progress reflected consistently in the company’s financial performance.
Leadership Transition to Accelerate Operational Execution
As Managing Director & CEO, Mr. Vishwas Patel will assume full responsibility for day-to-day
operations and execution of the Company’s strategic plans. He will report directly to the Board
and will lead efforts to scale Infibeam Avenues’ businesses in an increasingly competitive and
innovation-driven environment.
Mr. Vishal Mehta, Chairman & Managing Director, Infibeam Avenues Limited, said:
“With our strategic transformation complete and the Company entering a phase of accelerated
AI-led growth, this is the right moment for Vishwas Patel to assume the role of MD & CEO. His
deep understanding of the payments business, strong merchant relationships, and ability to
execute at scale make him the ideal leader for this next phase of growth. I look forward to
working closely with him as we continue building AvenuesAI into one of the world’s most
trusted AI-driven payments and risk platforms.”
Commenting further, Mr. Mehta also emphasised that AI-led transformation is reshaping every
layer of the payments and digital infrastructure ecosystem. Our priority now is to execute faster,
build deeper merchant value, and scale our AI-driven platforms across India and global markets.
In addition to heading the strategic vision at Infibeam Avenues Limited and actively driving
Company’s Artificial Intelligence (AI) business, Mr. Vishal Mehta also serves as Chairman and
Managing Director of Rediff.com India Ltd.
Mr. Vishwas Patel, Joint MD, Infibeam Avenues Limited, said: “I am honoured by the trust
placed in me by the board and look forward to working with the team to unlock the next wave of
value for all stakeholders.”
IIMA Professor Dr. Neharika Vohra Appointed Independent Director
On Thursday, the Company Board also has appointed noted academic and leadership expert Dr.
Neharika Vohra as an Additional Women Director (Non-Executive, Independent) for a five-year
term with effect from December 11, 2025.
Dr. Neharika Vohra, a Professor at the Indian Institute of Management Ahmedabad (IIMA),
brings decades of scholarship and industry engagement to the board. A prolific scholar, she has
published over 70 papers, authored 30 management cases, and co-written leading management
textbooks.
Dr. Vohra has been deeply involved with IIMA Ventures (formerly CIIE), supporting
entrepreneurship and innovation. She has advised numerous organisations on organisational
development and has helped train thousands of managers, educators, and civil servants.
Her appointment strengthens the board with deep expertise in leadership, governance, and
institution building.
