Fintech company BharatPe today announced the appointment of Nalin Negi as its Chief Financial Officer. In his new role, Nalin will be spearheading the finance function for BharatPe and will be working towards making the company EBITDA positive by March 2023.
Additionally, Negi will be leading financial readiness for the company as it prepares for the IPO. Nalin will be reporting to Suhail Sameer, CEO, BharatPe and will be working closely with the Board of BharatPe. This is the second leadership announcement for BharatPe this year.
In April 2022, the company had announced the appointment of Smriti Handa as the Chief Human Resources Officer.
Nalin has more than 25 years of experience working for companies like GE Capital and SBI Card in the banking and financial services sector. In his last stint, Nalin was the CFO of SBI Card (earlier known as GE Capital SBI Card) for over 10 years where he spearheaded a number of key strategic initiatives for the company including leading SBI Card’s IPO in March 2020.
Previously, Nalin was associated with American Express (India) Private Limited, EXL Service (India) Private Limited, Nestle India Limited, and ITC Limited.
Speaking on the appointment of Nalin, Suhail Sameer, CEO, BharatPe said, “As we focus on the next stage of growth and on building a sustainable and profitable business across both our business lines- merchant and consumer, I am confident that Nalin’s experience will be a huge asset for a new-age fintech company like ours.”