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BharatPe CTO Pankaj Goel resigns

Entrackr · 2m ago

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Pankaj Goel, who joined BharatPe as Chief Technology Officer (CTO) in July 2023, has stepped down from his position, according to sources familiar with the matter. His departure comes after a tenure of less than two years at the Delhi-based fintech unicorn. “Pankaj Goel tendered his resignation earlier this week citing personal reasons, and BharatPe has accepted it,” said a source requesting anonymity. “He is currently serving his notice period.” At BharatPe, Goel was responsible for leading the technology team and spearheading the innovation strategy across the group of companies. His appointment filled a seven-month vacancy following the resignation of former CTO Vijay Aggarwal in November 2022. Prior to his stint at BharatPe, he served as the Head of Payments Engineering at Razorpay, where he played a pivotal role in scaling the company's total payment volume (TPV) from $1 billion to $100 billion. Before Razorpay, Goel held leadership positions at Intuit, Trilogy, and Sun Microsystems. Earlier this year, BharatPe’s Chief Marketing Officer, Parth Joshi, resigned to launch his own venture. According to sources, Goel may also explore entrepreneurial opportunities in the coming months. Queries sent to BharatPe did not elicit an immediate response. We'll update the post in case we hear from them. The development comes soon after BharatPe achieved a break-even at the EBITDA level (adjusting for employee stock options) during the first nine months of FY25. The company’s net losses declined to Rs 148.8 crore in 9M FY25 from Rs 492 crore in FY24. Last month, BharatPe’s subsidiary Resilient received the final approval from the Reserve Bank of India (RBI) to operate as an online Payment Aggregator (PA). With this, BharatPe becomes one of the few Indian fintechs with an NBFC license (Trillion Loans), a stake in a Small Finance Bank (Unity SFB), and now a PA license.