Fintech firm BharatPe’s CEO Suhail Sameer steps down from his post

BharatPe’s CEO Suhail Sameer has been overseeing the company after it ousted Ashneer Grover for financial misappropriation.

In recent weeks, he has been facing personal attacks from Grover. In response to the charges, Grover has been sharing several disparaging tweets related to his former colleagues. The company was looking for a new CEO and is keen to replace Sameer. He joined the company in August 2020 as president. In August 2021, he was appointed the CEO of the firm.

Chief Executive officer of the buzzing fintech firm Suhail Sameer steps down from his post and will join in a new role of Strategic Advisor from January 7th according to the media sources. The interim CEO of the BharatPe is Nalin Negi. In a statement to the media fintech firm said, “ Mr. Sohail Sameer will transition from Chief Executive Officer to Strategic Advisor effective January 7, 2023, and this will ensure a smooth transition for current CFO, Nalin Negi who has been appointed interim CEO to partner with senior executives to bolster execution in all phases of the company’s business.”

It is to be noted that, “the resignation of the CEO follows several top-level resignations from the fintech firm. It is In December 2022, Chief Technology Officer Vijay Aggarwal, PostPe head Nehul Jain, and Chief Product Officer (lending and consumer products) Rajat Jain resigned from their posts while In June 2022, Chief Revenue Officer Nishit Sharma and one of the founding members Satyam Nathani also quit the company. In June itself, Bhavik Koladiya, head of the company’s technology and product divisions also quit”.

Sameer has been overseeing the company after it ousted Ashneer Grover for financial misappropriation. In recent weeks, he has been facing personal attacks from Grover. In response to the charges, Grover has been sharing several disparaging tweets related to his former colleagues. The company was looking for a new CEO and is keen to replace Sameer. He joined the company in August 2020 as president. In August 2021, he was appointed the CEO of the firm.