BharatPe, a prominent figure in India's fintech sector, has revealed the promotion of Nalin Negi to the position of Chief Executive Officer (CEO). Nalin, who previously served as interim CEO and CFO, played a pivotal role in driving significant growth and strategic progress across vital business sectors. Under his guidance, BharatPe witnessed an impressive 182% surge in revenue from operations during FY23 and achieved its first month of positive EBITDA in October 2023. BharatPe will now initiate a quest to fill the role 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 make 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 a 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.