Infibeam Avenues appoints Rajesh Kumar SA as CEO of Phronetic.AI

Infibeam Avenues Ltd, an AI-powered fintech company, today said it has appointed Rajesh Kumar SA as the Chief Executive Officer (CEO) of Phronetic.AI.

Who is Rajesh Kumar?

Rajesh Kumar SA brings over 16 years of experience in the deep-tech AI and ML space. Prior to this role, he served as the Director of Machine Learning at Meesho and co-founded Streamoid, a company specializing in fashion AI.

Commenting on the joining, Kumar said, "I firmly believe that Infibeam's AI solutions have the capability to revolutionize the industry... we are presented with an unparalleled opportunity to positively impact billions of people by facilitating the adoption of AI by enterprises and governments in a safe, sustainable, and responsible manner."

What will be the responsibilities of Rajesh Kumar?

In his new role, Kumar is expected to play a pivotal role in expanding and elevating Infibeam's AI business. Under the guidance of Vishal Mehta, Chairman and Managing Director of Infibeam Avenues, Kumar will focus on driving innovation and growth, as per the company's statement.

Infibeam's AI initiatives

Infibeam Avenues has been proactive in the AI domain, having launched India's first AI Hub at GIFT city, Gandhinagar, named Phronetic.AI.

The hub focuses on fintech, financial, retail, and enterprise space, with an emphasis on developing AI solutions for fraud detection, authentication, and risk identification. The company's commitment to AI was further solidified by signing an MoU of Rs 2000 crore with the Gujarat Government at the Vibrant Gujarat Global Summit (VGGS) 2024 for its AI hub.

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