“We look forward to supporting Nalin Negi in his new role and are grateful for his tremendous contribution as the interim CEO. 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,” BharatPe, Chairman of the board, Rajnish Kumar said.
Nalin Negi, the interim chief executive officer and chief financial officer of fintech company BharatPe, was promoted to full-time CEO on Tuesday. Following the resignation of then-CEO Suhail Sameer in January 2023, Negi was appointed CEO in an acting capacity.
“We look forward to supporting Nalin Negi in his new role and are grateful for his tremendous contribution as the interim CEO. 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,” BharatPe, Chairman of the board, Rajnish Kumar said.
Negi, who has over 28 years of expertise developing and growing firms in the banking and fintech industries, joined BharatPe in 2022.
“I am excited and honoured to take on this new role at BharatPe. Going forward, our strategic focus will be on sustained profitability, scaling lending businesses, and launching new merchant-centric products.”
“We are committed to building on the strong foundation, fostering financial inclusion and delivering value to our merchants, partners, and stakeholders,” Negi said.
Under Negi’s direction, BharatPe’s operational revenue increased by 182% in FY’23, and October 2023 was the first month in which earnings before interest, taxes, depreciation, and amortization (EBITDA) were positive.
According to the announcement, BharatPe will start looking for a new CFO.
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