Bharatpe

BharatPe appoints ex-Paytm exec Ajit Kumar as new Chief Technology Officer

Fintech firm BharatPe on Thursday announced the appointment of Ajit Kumar as its Chief Technology Officer (CTO), effective October 23, 2025. He takes the chair from Pankaj Goel, who stepped down in May this year. Kumar brings in over 19 years of experience, most recently having served as Senior Vice President of Engineering at Paytm. In his new role, he will lead BharatPe's technology strategy and innovation agenda, the company said in a statement. "His proven experience in building scalable fintech platforms and his deep understanding of payments and UPI infrastructure will be instrumental as we continue to innovate and strengthen our technology stack," BharatPe CEO Nalin Negi said.

'Balance of power being hijacked…' Ashneer Grover takes dig at Salman Khan

BharatPe's Ashneer Grover once again indirectly slammed Salman Khan for "hijacking" Bigg Boss. Grover debuted as the new reality show host, Rise And Fall, with many claims alike Khan's show

BharatPe to double down on online payments after RBI licence approval

The push comes amid RBI's final licence approval and intensifying competition

BharatPe to raise funds before IPO, listing not on card in FY26: CEO

BharatPe will raise funds before the initial public offer, but the listing will take place only when market conditions are favourable, a top official of the unicorn fintech firm said. BharatPe, last week, announced that it had achieved operational profitability after excluding the employee stock ownership plan. "Whatever goals we set for ourselves, we have gone ahead and achieved them...profitability has to remain intact, and thereafter, once the market conditions are right, we will definitely go for an IPO. There will be a pre-IPO funding round, while an IPO is not on the cards for this financial year. Anything beyond that is a fair game, once the market conditions are right," BharatPe CEO Nalin Negi told PTI. The company closed FY25 with a Rs 6 crore adjusted profit before tax (excluding ESOP expense), recovering strongly from a loss of Rs 342 crore in FY24. "We have always believed that demonstrating consistent performance is key to building investor confidence ahead of a potent

Fintech firm BharatPe eyes funding round ahead of IPO, says CEO Nalin Negi

After posting a Rs 6 crore profit in FY25, BharatPe plans a pre-IPO round and aims for a fully PAT-positive business before listing, says CEO Nalin Negi

Fintech firm BharatPe clocks Rs 6 crore in profitability in FY25

BharatPe reported Rs 6 crore adjusted pre-tax profit in FY25, driven by revenue growth, UPI transactions, NBFC consolidation, and RBI's nod for payment aggregation

BharatPe CEO says 90-hour week difficult to clock in, work quality matters

Amid a raging debate in India Inc over 90-hour work week, BharatPe CEO Nalin Negi has said that quality matters more when it comes to measuring outcomes and productivity of employees at workplace, not long hours clocked in, as he emphasised that fintech firm does not have such extreme work hour expectations. The comment assumes significance as it came at a time when there is a spotlight over gruelling work hour expectations in corporate India, after L&T Chairman SN Subrahmanyan expressed regret over not being able to make staff work on Sundays. Negi told PTI in an interview that quality of work is "paramount", not the number of hours. "Ninety hours is quite a number of hours to put in, and becomes very difficult. So I would say (it is about) quality... quality matters," Negi said. The BharatPe top honcho said that the debate around work-life balance has always been around, and that as a young organisation, BharatPe aims to provide a comfortable and enabling setting where employees

BharatPe targets IPO in 18-24 months, Ebitda profitability in FY25

Negi was appointed as the CEO of the company in April 2024 after serving as an interim CEO and chief financial officer (CFO)

BharatPe parent to sell up to 25% stake in Unity SFB for $800 million

The move is in line with regulatory requirements to reduce its holding in the bank to 10 per cent by 2029, irrespective of the listing of Unity SFB, said sources

BharatPe parent to sell up to 25% stake in Unity SFB for $800 mn

According to the licensing requirements, BharatPe has to bring down its stake in the bank to 10 per cent within eight years from the bank's operations

BharatPe launches 'Shield' to protect users from digital transaction frauds

BharatPe Shield covers risks such as computer fraud, phishg attacks, and unauthorised transactions caused by phone loss

BharatPe fraud case: HC quashes lookout circular on Ashneer Grover, wife

The Delhi High Court has ordered the cancellation of a lookout circular (LOC) issued against Ashneer Grover, the former MD of payment app BharatPe, and his wife Madhuri Jain Grover, noting that the FIR lodged against them over allegations of cheating and forgery has already been quashed. Justice Sanjeev Narula passed the order on Monday after the court was informed that another bench of the high court quashed the FIR on the same day. "Although the copy of the order (quashing the FIR) is not available as of now, the aforenoted fact is not disputed by the counsel for the parties. "In light of the fact that the underlying FIR has been quashed, the LOC issued by respondent No. 3 (Bureau of Immigration), in the opinion of the court, will not survive," Justice Narula said. The LOC was issued by the Bureau of Immigration at the instance of Delhi Police's Economic Offences Wing (EOW) in view of the investigation against the Grovers in the cheating and forgery FIR. The quashing of the FIR

Fintech major BharatPe rolls out investment platform 'Invest BharatPe'

The Delhi-based fintech launched digital gold in partnership with Safegold, enabling customers to purchase and sell gold digitally

Ashneer Grover's legal battle with BharatPe ends after settlement deal

As part of the settlement, Grover will no longer be associated with BharatPe, ending the legal battle that began with his removal as managing director in March 2022

Ashneer Grover withdraws NCLT plea against BharatPe after settlement

Ashneer Grover, co-founder and former managing director of BharatPe, withdrew his plea from the National Company Law Tribunal (NCLT), in which he had alleged oppressive conduct and mismanagement by the board of the fintech firm. The withdrawal of the plea from the NCLT's Delhi bench came after Grover reached a settlement with the company on September 30, 2024. A copy of the settlement agreement was also placed before the NCLT by the counsel appearing for Grover, who had filed an application for withdrawal of the petition. "... during the pendency of the said petition, parties have arrived with settlement and also executed the settlement agreement dated September 30, 2024, a copy of which is placed on record and in view of the settlement applicant (who ispPetitioner in the main company petition) has sought liberty to withdraw the company petition," the NCLT order dated October 14, 2024, noted. It further said: "Liberty is granted to the applicant to withdraw the company petition...

BharatPe's Ebitda loss declines to Rs 209 cr, revenue up 39% in FY24

The company said that its cash burn was reduced by 85 per cent on a Y-o-Y basis

BharatPe settles longstanding dispute with former co-founder Ashneer Grover

Grover will neither be associated with BharatPe nor be a part of its shareholding

BharatPe settles with Ashneer Grover: Fraud allegations dropped in Rs 81 crore case

BharatPe has reached a settlement with former co-founder Ashneer Grover, dropping all legal actions. The fintech firm had accused Grover of misappropriating Rs 81.3 crore.

BharatPe settles with former co-founder Ashneer Grover; drops legal action

BharatPe has settled with former co-founder Ashneer Grover and has decided not to pursue any legal action. The case pertains to Bharatpe's allegations against Grover of fraud worth Rs 81 crore

Fintech firm BharatPe to offer food ordering with latest ONDC integration

Similar to other food aggregator applications such as Zomato and Swiggy, customers using the feature would be able to track their orders on a real-time basis