BharatPe CEO Suhail Sameer steps down, Nalin Negi to be interim CEO
From his former role, Sameer will transition into Strategic Advisor effective January 7, 2023, said the fintech company in a statement
Controversy-riddled fintech company BharatPe has announced that its Chief Executive Officer Suhail Sameer has stepped down from his role. He will continue with the company as a strategic advisor. In his place, the Chief Financial Officer Nalin Negi will step in as the interim CEO.
The statement released by the company reads: “BharatPe today announced that Suhail Sameer will transition from Chief Executive Officer to Strategic Advisor effective January 7, 2023. This will ensure a smooth transition for the current CFO, Nalin Negi, who has been appointed interim CEO to partner with senior executives to bolster execution in all phases of the company’s business."
Sameer joined BharatPe in 2020 and was tasked with converting the fintech company into a one-stop solution for all of India's banking needs.
Sameer's resignation is the latest among many senior-level exits like that of Bhavik Koladiya that happened in the last few months. Vijay Aggarwal, Nehul Malhotra and Rajat Jain are among the recent ones. The IIM Lucknow alumnus has also been associated with companies like RPSG Capital Ventures, Too Yum and OTP Venture Partners.
Negi who joined the company in August 2022 has worked for General Electronics, SBI Card and American Express India Pvt Ltd.
The company has been embroiled in controversy and has slapped a civil case against the company's former co-founder and managing director (MD) Ashneer Grover for misappropriation of funds.
