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News on Medial
BharatPe CEO Nalin Negi says 90-hour week difficult number to clock in, work quality matters
Economic Times
·
6m ago
Medial
BharatPe CEO Nalin Negi emphasized that work quality is more important than long hours, advocating against extreme 90-hour work weeks. Amidst a debate on work-life balance in India Inc., Negi highlighted BharatPe’s focus on a flexible, employee-friendly culture. Responding to recent discussions ignited by L&T Chairman on extended work hours, Negi asserted that happy, engaged employees are more productive without the need for exhaustive hours. Other corporate leaders echoed similar views on prioritizing quality over quantity in work.
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BharatPe elevates Nalin Negi as CEO
Economic Times
·
1y ago
Medial
Fintech startup BharatPe has promoted Nalin Negi to the role of chief executive. Negi previously held the positions of interim CEO and CFO. During his tenure, BharatPe experienced a significant increase in revenue and achieved its first Ebitda positive month in October 2023. Negi will now concentrate on guiding the company's future growth and spearheading merchant empowerment through innovation. BharatPe will begin searching for a new CFO, according to a company statement.
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BharatPe appoints Nalin Negi as full time CEO
Entrackr
·
1y ago
Medial
Fintech company BharatPe today announced the elevation of Nalin Negi as its chief executive officer (CEO). Negi, the former chief financial officer of the company, was appointed as the interim CEO in January last year. BharatPe will institute a search for appointment of a new CFO, the company said in a press release. BharatPe claims that it recorded 182% increase in revenue from operations in FY23 and clocked October 2023 as the first EBITDA positive month under Negi leadership. Nalin Negi joined BharatPe in 2022 and in his new role he will focus on leading the next phase of development, driving innovation to empower merchants across the country, as per the statement. Prior to joining BharatPe, Negi held several senior leadership positions at SBI Cards and GE Capital. “..Going forward, our strategic focus will be on sustained profitability, scaling lending businesses, and launching new merchant-centric products…,” said Negi in a statement. BharatPe has been going through transformation to strengthen the leadership team across three verticals. The firm recently reshuffled its three verticals- Resilient Innovations Private Limited (merchant app), Resilient Payments Private Limited (Payment unit), and Resilient Digi Services Private Limited (lending unit). Entrackr exclusively reported the development last week. BharatPe completed its $100 million debt round from InnoVen Capital and Credit Saison. Entrackr exclusively reported this in January. Financially, BharatPe also seems to be getting back on track as the firm claimed that its annualized revenue crossed Rs 1,500 crore, marking over 30% growth as compared to FY23. In FY23, it crossed Rs 1,000 crore revenue mark while its EBITDA loss went up 9% to Rs 772 crore.
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BharatPe elevates Nalin Negi as CEO
Thehindubusinessline
·
1y ago
Medial
BharatPe, a major Fintech player, has promoted Nalin Negi as its CEO after serving as interim CEO and CFO for over a year. Negi was appointed as the CFO in 2022 following the resignation of Suhail Sameer. Under Negi's leadership, BharatPe witnessed a 182% increase in revenue in FY23 and achieved its first EBITDA positive month in October 2023. With over 28 years of fintech and banking experience, Negi will focus on driving innovation and empowering merchants across India. BharatPe will now search for a new CFO. Recently, the company underwent a management restructuring, promoting Sandeep Indurkar as CEO of the payment vertical.
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Narayana Murthy wants 70, SNS says 90, but Capgemini CEO roots for 47.5-hour workweek
Business Today
·
5m ago
Medial
The business leaders have differing views on the ideal workweek length. Ashwin Yardi opts for a 47.5-hour workweek, emphasizing avoiding weekend emails unless necessary. Narayana Murthy endorses a 70-hour week, while S N Subrahmanyan recommends a 90-hour workweek. In contrast, Sindhu Gangadharan emphasizes that the focus should be on work outcomes rather than the number of hours worked. Saugata Gupta's viewpoint on work hours is not available.
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Fintech firm BharatPe elevates Nalin Negi as CEO; to focus on sustained profitability
IndianStartupNews
·
1y ago
Medial
New Delhi-based fintech firm BharatPe has appointed Nalin Negi as its Chief Executive Officer (CEO). Negi, who previously served as the Chief Financial Officer (CFO) at the company, brings over 28 years of experience in the fintech and banking sectors. Under his interim leadership, BharatPe achieved significant financial growth, with operating revenue reaching Rs 904 crore in the fiscal year 2022-23. As CEO, Negi will focus on sustained profitability, scaling lending businesses, and launching new products for merchants. The company aims to strengthen its position as India's preferred fintech firm and drive financial inclusion for MSMEs.
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BharatPe appoints former Razorpay executive Pankaj Goel as CTO
Inshorts
·
2y ago
Medial
BharatPe has named Pankaj Goel as its new Chief Technology Officer (CTO), approximately seven months after the departure of former CTO Vijay Aggarwal. Goel, who has previously held leadership roles at companies like Sun Microsystems and Trilogy, will report to interim CEO Nalin Negi and CFO. Prior to joining BharatPe, Goel served as the Head of Payments Engineering at Razorpay.
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Genpact work policy: Is India closer to adopting China’s 996 work culture? - The Economic Times
Economic Times
·
1m ago
Medial
A transformative shift in India’s work culture is emerging, as the country seems to be inching towards its own version of China’s 996 work culture. A series of debates and discussions following Infosys cofounder Narayan Murthy’s 70-hour work-week remark to L&T chairman S N Subrahmanyan’s 90-hour week comment, Karnataka’s proposed 12-hour workday clause in certain sectors, including IT, and now Genpact’s 10-hour workday brought this to the fore.
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BharatPe hires Rohan Khara as chief product officer
Economic Times
·
1y ago
Medial
Fintech company BharatPe has appointed Rohan Khara as its chief product officer. Khara will be responsible for product development, innovation, and user research across the BharatPe Group of companies. With experience in building and scaling financial services products in emerging markets, Khara has previously worked at FairMoney India, MobiKwik, and Quikr. He will report to the CFO and interim CEO of BharatPe, Nalin Negi. Khara aims to drive value for end users and balance innovation with fiscal prudence in his new role.
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BharatPe names Nalin Negi as new CEO
Livemint
·
1y ago
Medial
BharatPe has officially appointed Nalin Negi as its CEO, following his 15-month stint as interim CEO and CFO. Under Negi's leadership, the fintech company witnessed a significant increase in revenue and achieved its first Ebitda-positive month. With over 28 years of experience in fintech and banking, Negi aims to scale BharatPe's lending businesses and introduce new merchant-centric products. The company, which boasts a network of more than 13 million merchants, has raised over $583 million in equity funding so far.
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Larger firms attract same type of talent, have cookie-cutter approach: BharatPe CEO
Inshorts
·
6m ago
Medial
BharatPe CEO Nalin Negi said that he wants the fintech startup to be known as a company that "offers careers to people, not jobs". He added that younger organisations foster career trajectory in a "very different way" because they have "different people". "Larger companies...have people and attract talent of a similar nature, (in a) cookie-cutter approach," he further said.
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