Edenred Appoints Minaxi Indra as Managing Director for India

Portfolio - People | Jan 22, 2025 | EIN

Edenred Appoints Minaxi Indra as Managing Director for India

Edenred, the global leader in digital platforms for enterprises, has appointed Minaxi Indra as the Managing Director for India, leveraging her extensive leadership experience to fuel its ambitious growth strategy. Indra, an IIM Bangalore alumna with 22 years of experience in technology and SaaS industries, aims to drive Edenred India's growth by focusing on product alignment, market partnerships, and personnel advancement. Under her leadership, Edenred India is set to capitalize on substantial growth opportunities, doubling its efforts to fortify its position in the Indian market through organic and inorganic expansions. On the inorganic front, the company explores strategic partnerships, mergers, and acquisitions within the fintech ecosystem to enhance its core offerings in rewards and loyalty solutions. The organization, which posted a robust increase in global revenue from EUR 1.62 billion in 2021 to EUR 2.5 billion in 2023, aims to strengthen its relationships with over 60 million users and 2 million partners across 45 countries, including a significant presence in the Indian market. Edenred's long-standing partnerships with major corporates like Airtel, HDFC Bank, and ICICI Bank highlight its established capability as a leader in employee, partner, and customer rewards.

Sectors

  • Financial Technology (Fintech)
  • Corporate Services
  • Human Resources

Geography

  • India – The article focuses on Edenred's operations and new leadership in India.
  • France – Edenred is a French company, listed on the Euronext Paris stock exchange.

Industry

  • Financial Technology (Fintech) – The article discusses strategic growth plans in the fintech ecosystem, focusing on payments, rewards, and loyalty solutions.
  • Corporate Services – Edenred provides specific-purpose payment solutions across various sectors, indicating its role in corporate services.
  • Human Resources – Edenred's solutions enhance employee engagement and loyalty, aligning with HR industry practices.

Financials

  • EUR 2.5 billion – Edenred's revenue for the year 2023.
  • EUR 1.62 billion – Edenred's revenue for the year 2021.

Participants

NameRoleTypeDescription
EdenredCompanyTarget CompanyA global digital platform for payments and services, leading in rewards and loyalty solutions.
Minaxi IndraPersonManaging DirectorRecently appointed Managing Director of Edenred India, with over 22 years of leadership experience.
AirtelCompanyCustomerOne of India's largest telecom companies and a customer of Edenred's services.
HDFC BankCompanyCustomerOne of the leading banks in India and a corporate client of Edenred.
ICICI BankCompanyCustomerAnother major bank in India, served by Edenred's reward solutions.
Bharat PetroleumCompanyCustomerIndian government-owned oil and gas corporation, a client of Edenred.