Since 2022, the fintech business BharatPe has been embroiled in a series of issues. Several C-suite executives have left the organization.
Pankaj Goel has been appointed as the company’s new Chief Technology Officer by fintech upstart BharatPe. Goel was the Head of Payments Engineering at Razorpay before joining BharatPe.
In response to Goel’s appointment, Nalin Negi, interim CEO and CFO of BharatPe stated, “With a seasoned engineering leader like Pankaj joining the team, we are confident that we will be able to build best-in-class fintech products that will further enable the next level of growth for the BharatPe Group of Companies.” Pankaj’s amazing work throughout the course of his nearly 30-year career demonstrates his strategic vision, managerial aptitude, and ability to generate business success through technology.”
“I am excited to collaborate with him to create cutting-edge products for millions of merchants and consumers,” he added.
Pankaj will manage the technical team at BharatPe and spearhead the Group’s technology and innovation strategy, according to the fintech firm.
It is worth mentioning that Razorpay’s Total Payment Volume (TPV) increased from $1 billion to $100 billion during Goel’s leadership.
Goel formerly held executive positions at Intuit, Trilogy, and Sun Microsystems. He graduated with honors from the National Institute of Technology, Warangal, with a Bachelor of Technology in Electronics and Communications. He also earned an MBA at the Indian Institute of Management in Bangalore.
The new CTO stated, “I am thrilled to be a part of BharatPe Group, as it focuses on building a portfolio of fintech products for a wider set of merchants and consumers.”
Since 2022, the fintech business BharatPe has been embroiled in a series of issues. Several C-suite executives have left the organization. Former CEO Ashneer Grover was fired from the company in March 2022 after a disagreement with the company’s co-founders and Sequoia investors. Following that, Suhail Sameer, the company’s co-founder who took over as CEO after Grover’s departure, left the firm within months of his appointment. Following that, co-founder Bhavik Koladiya departed the company. Other departures include chief tax officer Nitish Sharma and Chandrima Dhar, head of institutional debt partnership.