The FinTech company BharatPe on Tuesday announced that Nalin Negi has been elevated as the Chief Executive Officer (CEO) of the company.
Nalin has served as the interim CEO and CFO of BharatPe and has played a significant role in its growth, the company said.
Negi joined BharatPe in 2022 and has over 28 years of experience in the fintech and banking industry. As CEO, his focus would be on leading Bharatpe, driving innovation to empower merchants across the country.
Before joining BharatPe, Negi has held several senior leadership positions at financial service organisations like SBI Cards and GE Capital, he played an instrumental role steering SBI Cards IPO.
“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,” Rajnish Kumar, Chairman of the Board of BharatPe said, adding that they 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.”
BharatPe in a statement said that with Negi’s appointment, the company will institute a search for appointment of a new CFO.
BharatPe recorded 182 per cent increase in operations revenue in FY23 and clocked October ‘23 as the first EBITDA positive month, it said in a statement.
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