Synopsis
Rajesh C has been appointed head of finance, and Himanshu Nazkani will lead investments at the fintech company.
Fintech company BharatPe has announced the appointment of Rajesh C as head of finance and Himanshu Nazkani as head of investments as part of its growth strategy.
In his new role, Rajesh will lead finance, treasury, and taxation. He has close to two decades of experience in finance. Meanwhile, Nazkani, with a decade of experience in the investment space, will work with the investment and insurance segment for the company, said a prepared statement by the company.
“As BharatPe gears up for its next phase of growth, strengthening our leadership bench with seasoned professionals is vital,” said Nalin Negi, chief executive officer of BharatPe. Earlier in April 2024, the company had elevated Negi as its CEO.
“I am excited to contribute to this journey by shaping BharatPe’s investment & insurance strategy and building innovative businesses that deliver long-term value,” said Nazkani in a prepared statement.
The fintech company launched its consumer-facing business in 2024. The firm is evaluating the launch of mutual funds and insurance as the next two major product lines, said Negi, as reported by ET last year.
Earlier in 2022, the company appointed two new members to its board — B P Kanungo, former deputy governor of the Reserve Bank of India (RBI), and Kaushik Dutta, founder of the Thought Arbitrage Research Institute (TARI).
The fintech major reported an adjusted profit before tax (excluding Esop) of Rs 6 crore. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) rose to Rs 141 crore, compared to a loss of Rs 209 crore in the previous fiscal year, as reported by ET.
Source: www.economictimes.indiatimes.com