Finteh unicorn, the BharatPe payment brand, has undergone another round of senior management reorganization. It strives to develop its functional capacity within major business segments. A major organizational redesignation is taking place and new leaders are elected to guide the business through developing an ambitious growth strategy and aspiring for growth over the coming years.
BharatPe, with its QR-based payment solution, was commissioned in 2018 and caused a stirred growth that is attributable endless growth potential. The start-up has been a leading player in the country’s thriving digital finance sector for the last four years too, having processed close to $20 billion of annual transactions. But, to expand its reach and open up new horizons, we cannot forget that we should all be working together at all times to enhance the organizational structure.
According to authoritative persons who are well-informed, BharatPe has let go of their CEO and given him this position of leadership after he showed his leadership qualities. Sandeep Indurkar assumed the reigns as a CEO of Banking’s Commercial Business segment, which later was named as Resilient Payments Private Limited (RPPL) the name of the payment vertical. Indurkar has gained an important expertise in forging strategic partnerships with the passage of time. His joining the latter definitely highlights the significance of empowering BharatPe’s payments capability in the near future.
In another key move, Kohinooor Biswas will now take on additional responsibilities as head of BharatPe’s loyalty program Zillion, which operates under Resilient Digi Services Private Limited (RDSPL). Biswas had successfully led other verticals prior to this new role. Meanwhile, Rijish Raghavan – earlier CEO of Zillion – will helm BharatPe’s device business going forward.
Significantly, all three executives will continue reporting to Nalin Negi, who has steadfastly helmed BharatPe as interim CEO since early 2023 during a period of leadership transitions. Negi’s continuity lends experienced guidance to the reshuffled roles. The changes aim to drive sharper focus across business units under Negi’s center-aligned leadership.
With three distinct entities covering merchants, payments and lending, BharatPe requires seasoned professionals driving each vertical with full autonomy. The recent shuffle delegates expanded mandates and empowers talented executives to accelerate their respective domains. It also brings domain experts to the fore while maintaining oversight from Negi’s interim stewardship.
So altogether, the BharatPe is in growth mode after recently raising $100 million in debt capital. The internal rejig arrives at an opportune time for the fintech major to strengthen organizational efficiencies and capture the tremendous scope in India’s digital finance landscape. With a more empowered leadership structure in place, BharatPe is well-equipped to up the ante in its vision to become the one-stop destination for all payment needs of merchants across the country.
