Vishal Mehta has been named the new Chairman and Managing Director of Rediff. The change in leadership comes after Infibeam Avenues acquired a majority stake in Rediff. On Tuesday, Rediff’s board of directors decided to appoint Mehta officially. He succeeds Ajit Balakrishnan, who has been leading the company since its inception in 1996 and will ensure a smooth transition.

On Tuesday, Infibeam Avenues acquired a 54.01 per cent equity stake in Rediff, making it a subsidiary. This acquisition represents a major milestone for both companies.

Commenting on Mehta’s appointment, Balakrishnan said, “I am confident that the best is yet to come and under Vishal’s leadership, Rediff will undoubtedly drive into new realms of growth and innovation.”

In addition to his role at Rediff, Mehta will retain his position as the Chairman and Managing Director of Infibeam Avenues. He has expertise in digital innovation and strategic business development. Mehta is a former Amazon executive who helped the company improve its technology and corporate development functions during his five-year stint at Amazon’s corporate headquarters.

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Mehta returned to India in 2007 and started Infibeam with a group of Amazon colleagues, which is now one of India’s largest fintech and payment infrastructure firms with its flagship brand CCAvenue, processing over $86 billion in transactions annually, in India and globally. Mehta is an alumnus of the Massachusetts Institute of Technology (MIT) and Cornell University.

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