BharatPe Announces Nalin Negi as its Chief Executive Officer
Fintech Revolutionizing Financial Inclusion: Illuminating India’s Path to Economic Empowerment
April 10, 2024BharatPe Launches BharatPe One: India’s first All-in-One Payment Device
April 23, 2024National, April 16, 2024: BharatPe, one of India’s leading players in the fintech sector, today announced the elevation of Nalin Negi as its Chief Executive Officer (CEO). Nalin as interim CEO and CFO has been instrumental in showcasing substantial growth and strategic advancements across key business segments. Under his leadership, BharatPe recorded 182% increase in revenue from operations in FY23 and clocked October’23 as the first EBITDA positive month. BharatPe will institute a search for appointment of a new CFO.
Nalin Negi joined BharatPe in 2022, with over 28 years of experience in building and scaling businesses in the fintech and banking domains. His expertise lies in developing and executing strategies that capitalize on market opportunities, driving operational excellence, and fostering a culture of innovation and customer-centricity. As the CEO, he will focus to lead the company into its next phase of development, driving innovation to empower merchants across the country.
Commenting on the elevation, Rajnish Kumar, Chairman of the Board, BharatPe, said, “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. We are confident that Nalin’s deep knowledge and passion to drive innovation will continue to strengthen our position as India’s most preferred fintech company, empowering millions of MSMEs in their digital journey.”
Nalin Negi, CEO, BharatPe, added, “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 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 deliver value to our merchants, partners, and stakeholders.”
Prior to joining BharatPe, Nalin Negi held several senior leadership positions at renowned financial service organizations including SBI Cards and GE Capital, where he played instrumental roles in driving profitability, strategic partnerships with businesses, and steering SBI Cards IPO.
