On Tuesday, BharatPe, a fintech business, declared that Nalin Negi will become its new CEO. After Sameer Suhail resigned in January 2023, Negi, who joined BharatPe in 2022, filled in as acting CEO and CFO.
Under Negi’s leadership, BharatPe recorded a 182% increase in revenue from operations in FY23 and had its first Ebitda-positive month in October 2023, the company said in a statement. BharatPe will now look to appoint a new CFO, it added.
Before joining BharatPe, Negi was SBI Card CFO for more than 10 years, leading the credit card giant towards its IPO in March 2020. He has also worked with GE Capital.
“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 board chairman Rajnish Kumar said in a statement.
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