BharatPe Elevates Nalin Negi to CEO, Charts Path for Continued Growth
In a significant move, BharatPe, the pioneering fintech in digital payments, has appointed Nalin Negi as its CEO, marking a strategic transition in its leadership. As Negi assumes the mantle of CEO, BharatPe embarks on the quest for a new CFO. Negi, who has been serving as the company’s CFO for nearly two years, assumes the role of CEO permanently, succeeding Suhail Sameer, who vacated the position in January of the previous year.
Under Negi’s leadership, BharatPe is poised to capitalize on market opportunities by devising and executing strategic initiatives while fostering a culture of innovation and customer-centricity. His track record, including steering SBI Card through its IPO and his tenure at GE Capital Services India, underscores his acumen in navigating the complexities of the financial landscape.
Rajnish Kumar, the chairman of BharatPe’s board, emphasizes Negi’s profound expertise and the remarkable progress achieved under his stewardship, positioning him as the natural successor to steer the company forward. During Negi’s tenure as interim CEO, BharatPe has witnessed a remarkable 182% surge in revenue from operations, culminating in its maiden EBITDA-positive month last October.
Negi articulates BharatPe’s renewed strategic focus under his stewardship, emphasizing sustained profitability, the expansion of lending operations, and the introduction of innovative merchant-centric products. This vision aligns with BharatPe’s commitment to revolutionizing digital payments since its inception in 2018, highlighted by the launch of India’s inaugural UPI interoperable QR code.
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