BharatPe appoints Nalin Negi as its Chief Executive Officer

By Gloria Mathias

BharatPe has 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 an 182% increase in revenue from operations in FY23 and clocked October’23 as the first EBITDA positive month. BharatPe will institute a search for the 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 capitalise on market opportunities, driving operational excellence, and fostering a culture of innovation and customer-centricity. As the CEO, he will focus on directing the company into its next phase of development, driving innovation to empower merchants across the country.

Rajnish Kumar, Chairman of the Board, of 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 by 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 delivering value to our merchants, partners, and stakeholders.”

Before joining BharatPe, Nalin Negi held several senior leadership positions at financial service organisations, including SBI Cards and GE Capital, where he played instrumental roles in driving profitability, strategic partnerships with businesses, and steering the SBI Cards IPO.