BharatPe CBO Nishant Jain Steps Down


Fintech giant BharatPe’s Chief Business Officer (CBO) Nishant Jain resigned from his post to join discount broking firm Angel One as its Executive Director and CBO (assisted business).

The resignation comes less than a week after Dhruv Dhanraj, business lead of the fintech had walked out of the firm to pursue entrepreneurship.

“The past 3.5 years with BharatPe have been nothing short of extraordinary. It has been a thrilling experience, filled with the satisfaction of making a meaningful impact, achieving significant milestones, navigating through the challenges and triumphs and most importantly forging strong and enduring friendships,” Jain posted on LinkedIn.

Rajat Jain, who previously worked at Zomato, Pepsi, and Coca-Cola, joined BharatPe in May 2020. He played a key role in expanding the company’s digital payments and device business in India.

In the past year, BharatPe has experienced the departure of several top-level leaders, including co-founders Satyam Nathani and Bhavik Koladiya, Suhail Sameer (CEO), Nishit Sharma (CRO), Geetanshu Singla (VP, Technology), Nehul Malhotra (PostPe head), and Rajat Jain (CPO, Lending and Consumer Products).

To reorganise its team, BharatPe recently hired Pankaj Goel, formerly of Razorpay, as the new Chief Technology Officer (CTO), and Sandeep Indurkar, a former ICICI Bank executive, as the Chief Business Officer (CBO) of banking and alliances.

It also appointed Aparna Kuppuswamy as chief risk officer and Kohinoor Biswas as the head of the consumer lending business.

In search of a CEO, BharatPe in January appointed risk and compliance expert Rahul Bhatia as the head of internal audit and banking industry veteran Ravinder Oberoi as the head of compliance. Meanwhile, CFO Nalin Negi continues to operate as the interim CEO.

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