Latest News | BharatPe Rejigs Senior Management
Get latest articles and stories on Latest News at LatestLY. Fintech firm BharatPe is learnt to have rejigged senior management of its payment and lending unit verticals, according to sources.
New Delhi, Apr 8 (PTI) Fintech firm BharatPe is learnt to have rejigged senior management of its payment and lending unit verticals, according to sources.
The company has elevated its banking and alliance Chief Business Officer Sandeep Indurkar as CEO of payment vertical -- Resilient Payments Pvt Ltd.
CEO BharatPe's Zillion -- erstwhile Payback India -- Rijish Raghavan will now handle device business of the company.
The company's head for consumer lending vertical Kohinoor Biswas will handle Zillion in place of Raghavan.
Also Read | AMC Raising Day 2024: Army Medical Corps Celebrates 260th Raising Day as They Live Up To The Corps Motto.
All three will report to BharatPe's CFO and interim CEO Nalin Negi.
An emailed query sent to BharatPe elicited no response.
There has been no change in the merchant app vertical.
The company has seen improvement in business with 182 per cent year-on-year increase in revenue from operations to Rs 904 crore in FY23, while loss before tax fell to Rs 886 crore from Rs 5,594 crore during the period.
A significant progress was made in reducing loss before tax, from Rs 5,594 crore to Rs 886 crore, according to the company.
BharatPe reported its first operational profit in October 2023. PTI
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)