BharatPe's Chief Business Officer, Dhruv Dhanraj Bahl, Resigned from Position

Dhruv Dhanraj Bahl, who held the position of Chief Business Officer (CBO) responsible for the merchant lending business at BharatPe, has tendered his resignation. He joins the list of senior executives who have departed from the fintech company over the past year.

Bahl became a part of the company in 2020, taking on the role of Head of Operations. Over time, he advanced to become the Chief Operating Officer. Recently, he underwent a reassignment and now holds the position of Chief Business Officer within BharatPe's merchant lending division. The company issued a statement to YourStory, confirming that Dhruv Bahl is departing from BharatPe in order to pursue his entrepreneurial interests. He has played a crucial role within the organization, actively contributing to its growth. The company expressed gratitude for his contributions to BharatPe's journey and extended their best wishes for his future endeavors.

Prior to his time at BharatPe, Bahl held positions at various organizations, including Airtel Payments Bank, Paytm Bank, and Fortis Healthcare. In recent years, BharatPe, which is supported by Tiger Global, has seen the departure of key leaders. Among them are co-founders Satyam Nathani and Bhavik Koladiya, CEO Suhail Sameer, CRO Nishit Sharma, VP of Technology Geetanshu Singla, Head of PostPe Nehul Malhotra, and Chief Product Officer for lending and consumer products Rajat Jain.

This year, BharatPe has restructured its team. Pankaj Goel, previously Senior Vice President at Razorpay, has joined as the new Chief Technology Officer. Sandeep Indurkar, an experienced professional from ICICI Bank, now holds the position of Chief Business Officer for banking and alliances. Aparna Kuppuswamy has taken on the role of Chief Risk Officer, and Kohinoor Biswas is now heading the consumer lending business. In the pursuit of a new CEO, BharatPe has appointed Rahul Bhatia, a specialist in risk and compliance, as the head of internal audit, and banking industry veteran Ravinder Oberoi as the head of compliance, both in January. Notably, Nalin Negi, the CFO, continues to fulfill the role of interim CEO.

In the field of merchant lending, numerous fintech companies like PhonePe and Mobikwik have joined the competition following the footsteps of BharatPe and Paytm. These firms are teaming up with banks and NBFCs to explore this domain and offer minor loans to their merchant customers.