BharatPe Appoints Nalin Negi as CEO

• ByStartupStory     |    April 16, 2024

BharatPe, a leading fintech player, has announced the elevation of Nalin Negi to the role of Chief Executive Officer (CEO), marking a significant milestone in its leadership transition.

Mr. Negi assumed the interim CEO and CFO roles over a year ago, demonstrating his prowess in steering the company through strategic transitions. His appointment as Chief Financial Officer in 2022, following the departure of former top executive Suhail Sameer, heralded a period of substantial growth and strategic evolution for BharatPe.

During his tenure, BharatPe reported an impressive 182% surge in revenue from operations in FY23 and achieved its inaugural EBITDA positive month in October 2023, according to a company statement. Now, as CEO, Negi is poised to guide BharatPe into its next phase of development, with a primary focus on innovation to empower merchants nationwide.

Rajnish Kumar, Chairman of the Board at BharatPe, expressed confidence in Negi’s ability to lead the company forward, stating, “His extensive experience in the fintech industry and the growth witnessed for BharatPe under his leadership, makes him a natural choice to lead the company.”

Negi, with over 28 years of experience in fintech and banking, brings a wealth of expertise in building and scaling businesses. He has held senior leadership positions at esteemed financial service organizations such as SBI Cards and GE Capital, where he played pivotal roles in driving profitability and forging strategic partnerships.

Reflecting on his new role, Negi remarked, “BharatPe was started with the vision of empowering millions of offline merchants and MSMEs across the country, with best-in-class fintech products. I am excited and honored to take on this new role at BharatPe.”

In line with its leadership restructuring, BharatPe recently promoted Sandeep Indurkar to CEO of the payment vertical, further solidifying its commitment to innovation and growth in the payment and lending sectors.

As BharatPe looks ahead, it remains steadfast in its mission to serve as India’s premier fintech company, empowering millions of MSMEs in their digital journey and driving sustained profitability through innovative solutions and strategic partnerships.

Follow Startup Story