Fintech firm BharatPe elevates interim CEO Nalin Negi as chief executive

BharatPe has elevated Nalin Negi as its chief executive officer, the Delhi-based fintech firm said in a statement on Tuesday. Negi was appointed as its chief financial officer in 2022 and was also serving as the interim CEO after its then top executive Suhail Sameer stepped down in January 2023.

As the CEO, Negi, who is known to be close to BharatPe chairman Rajnish Kumar, will lead the company into its next phase of development, driving innovation to empower merchants across the country.

“His extensive experience in the fintech industry and the growth witnessed by 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, empowering millions of MSMEs (micro, small and medium enterprises) in their digital journey,” said Rajnish Kumar, chairman of the board at BharatPe.

Prior to joining BharatPe, Negi held several senior leadership positions at financial service organisations including SBI Card and GE Capital.

BharatPe reported an operating revenue of Rs 904 crore for 2022-23, up 182% year-on-year, and its losses stood at Rs 886 crore, down from Rs 5,594 crore in 2021-22.