India's corporate landscape is rapidly pivoting toward artificial intelligence (AI) - not as a fringe trend, but as a core strategy for growth, competitiveness, and innovation. Recent industry data and business actions show this shift playing out across traditional giants, startups, and non-tech sectors alike.
Several low-priced micro-cap and small-cap companies in India are pivoting toward AI or provide the digital infrastructure for it. Here are three such penny stocks that are shifting their focus as well.
In India, the definition of a penny stock isn't strictly written into law. For the purpose of this editorial, we have selected stocks that are priced under Rs 20, irrespective of their face value.
Avenues AI is a global fintech and enterprise software platform provider focused on building scalable digital solutions that solve complex problems for large business-to-business (B2B) customers, and its core offering revolves around digital payment and commerce infrastructure.
The stock currently (16 Feb) trades at Rs 18.56.
Recently, the company has focussed a great deal on AI.
In fact, Avenues AI completed the corporate rebranding of Infibeam Avenues Limited to AvenuesAI Limited, reflecting the company's evolution into a full-stack, AI-driven digital payments and fintech platform.
The rebrand sharpens strategic focus around AI-first payment infrastructure, strengthens global positioning under the CCAvenue brand, and aligns stakeholder perception with long-term growth opportunities in intelligent transaction orchestration and digital commerce.
In another AI initiative, The Agentic Payments Platform Phronetic AI launched PayCentral.ai, India's first agentic payment platform built on Google's AP2 (Agent Payment Protocol). The platform enables secure, automated, and auditable agent-to-agent (A2A) transactions, positioning the company at the forefront of AI-native commerce, autonomous payments, and future digital transaction models.
| Rs m | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenues | 19,623.0 | 31,503.0 | 39,926.0 |
| Operating Profit | 2,505.0 | 2,791.0 | 3,770.0 |
| Net Profit Margin (%) | 6.9 | 4.9 | 5.9 |
| Profit After Tax | 1,363.0 | 1,559.0 | 2,360.0 |
In Q3 FY26, Avenues AI reported a revenue of Rs 23,812 m, more than doubling compared to Rs 10,704 m in the same period last year. In line the company reported a sharp surge in consolidated net profit to Rs 779 m compared to Rs 605 m in the same period last year.
Moving ahead, the company's UAE and Oman businesses are operational. Saudi is expected to be fully operational in FY26.
The company is targeting 12-15% international contribution to payment's net revenue by FY28.
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Bala
Feb 18, 2026AI infrastructure