Mobavenue AI Tech Restructures Leadership as CFO Moves to CTO

Mobavenue AI Tech's consolidated revenue stood at ₹55.12 crore for Q3 FY26, with a Profit After Tax (PAT) of ₹7.61 crore for the same period.

Leadership Transition Announced

Mobavenue AI Tech Limited announced a significant leadership change: Chief Financial Officer Tejas Rathod will step down from his role on March 31, 2026. He will continue with the company as a Whole-time Director, shifting his focus to technology, product development, and innovation. Rathod has also been appointed as the Chief Technology Officer (CTO), effective April 1, 2026.

Concurrently, Vijay Basantani has been appointed as the new Group CFO, effective April 1, 2026, overseeing the company's finances. This transition is part of a strategic realignment designed to bolster the company's management and governance structure.

Strategic Importance

This move clearly separates financial management from technological innovation. It allows Rathod to leverage his expertise in technology and innovation, while Basantani, a seasoned finance leader, will oversee financial strategy and governance.

This restructuring aims to enhance the company's technology capabilities and ensure strong financial oversight as Mobavenue AI Tech pursues growth.

Backgrounds of Key Leaders

Tejas Rathod, aged 32, brings over a decade of experience in the digital advertising and marketing ecosystem. A computer engineering graduate, he co-founded Mobavenue Media in 2017 and has been recognized in Forbes Asia 30 Under 30 (2023).

Vijay Basantani is a Chartered Accountant with over 20 years of experience at global organizations such as Omnicom Media Group, Mahindra & Mahindra, Infosys Technologies, and Dentsu. He is known for strengthening financial systems and enhancing governance.

Mobavenue AI Tech, formerly Lucent Industries Limited, has been actively focusing on AI-driven platforms. The company recently approved a 1:5 stock split to enhance liquidity and a capital raise of nearly INR 100 crore for growth initiatives.

What Changes Now

• A clear separation of responsibilities between the CFO and CTO roles.
• Rathod will spearhead the company's technological advancements and product innovation pipeline.
• Basantani will be responsible for financial planning, reporting, risk management, and corporate governance.
• This restructuring aims to boost investor confidence with improved financial oversight and a clearer technology vision.
• The company remains focused on its strategic path of AI-powered growth and market expansion.

Risks to Watch

• The company faces a potential challenge with high debtor days of 367 days, impacting working capital management.
• Promoter holding saw a decrease of 2.01% in the last quarter.
• The Real Money Gaming (RMG) segment has faced significant challenges, impacting its contribution.
• Successful integration of the new CFO and seamless execution of the technology roadmap will be critical.

Peer Comparison

Mobavenue AI Tech operates in the AdTech and MarTech space. While larger IT players like Wipro offer broad digital services, more specialized firms like Affle India Ltd. and Brightcom Group Ltd. compete directly in areas of digital marketing and programmatic advertising.

Key Financial Metrics

• Market capitalisation stood at approximately ₹1,725 Crore as of March 2026.
• Consolidated revenue for Q3 FY26 was ₹55.12 Crore.
• Consolidated Profit After Tax (PAT) for Q3 FY26 was ₹7.61 Crore.

What to Track Next

• The formal onboarding and initial financial strategies of the new Group CFO, Vijay Basantani.
• Progress on reducing the company's high debtor days and improving working capital efficiency.
• Execution and market reception of the technology roadmap under CTO Tejas Rathod.
• Full-year FY26 financial results and management's outlook for future growth and profitability.
• Any further strategic acquisitions or expansions announced by the company.