BharatPe Group appoints Aparna Kuppuswamy as Chief Risk Officer
- ByStartupStory | February 20, 2023
Fintech major BharatPe Group announced the appointment of industry veteran Aparna Kuppuswamy as its Chief Risk Officer.
Kuppuswamy will lead the risk portfolio across the BharatPe Group of companies, including the merchant and consumer businesses. She will be working closely with the CFO and interim CEO, Nalin Negi, to further build a robust lending vertical at BharatPe, the company stated.
Negi added that Kuppuswamy will play a vital role in getting BharatPe IPO-ready.
Amit Jain, the current Chief Risk Officer of BharatPe, will work closely with Aparna and spend more of his time on collections and underwriting from a merchant standpoint.
“Her expertise in managing the technology risk will ensure we build highly secure products for our merchant partners and consumers,” stated Negi.
Prior to joining BharatPe, Kuppuswamy was the Chief Risk Officer at SBI Cards for more than 14 years, where she led a number of key projects. BharatPe stated that under Kuppuswamy’s leadership, the company’s portfolio grew by more than 20 times. She was also a part of the leadership team that took SBI Cards public. Her educational qualifications show that she is a Masters in Finance & Control from the University of Delhi.
Kuppuswamy added, “I am really excited to be a part of the promising organisation and spearhead the risk and credit strategy for the BharatPe Group of companies. I look forward to working with the team to build new products that will make a huge impact on millions of unbanked and underserved businesses and play a key role in making India a truly Digital economy.”
The company in recent times has seen some top level exit, when four of BharatPe’s senior executives exited to pursue their entrepreneurial interests, including chief technology officer Vijay Aggarwal, chief product officer for lending and consumer products Rajat Jain, and Nehul Malhotra, head of consumer lending platform PostPe.
The exit came in a year when Tiger Global and Sequoia-backed BharatPe saw the controversial exit of founder Ashneer Grover. Grover’s exit was followed by co-founder Bhavik Koladiya leaving the company in April. Koladiya later became CEO of fintech SaaS platform OTPless.
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