IPO-bound fintech unicorn BharatPe has appointed Ajit Kumar, former Senior Vice President at Paytm, as its new Chief Technology Officer (CTO). In his new role, Ajit Kumar will lead BharatPe’s technology vision focusing on product innovation, platform efficiency, and strengthening its payments and lending infrastructure.
The appointment marks a strategic move as BharatPe gears up for its next growth phase and prepares for a potential public listing by FY27. The company aims to enhance its UPI and merchant technology stack, improve scalability, and sustain its recent profitability gains.
Founded in 2018, BharatPe has grown into one of India’s most recognized fintech players, empowering offline merchants and small businesses with digital payment and lending solutions.
Ajit Kumar brings nearly two decades of experience in scaling technology platforms. During his nine-year tenure at Paytm, he led multiple engineering teams and product verticals. His prior stints include roles at Snapdeal, Times Internet, and xAd Inc. He succeeds Pankaj Goel, who exited in mid-2025 to join LeadSquared.
The leadership change comes amid BharatPe’s broader organizational restructuring, which has seen senior leadership realignments across banking, consumer, and PoS divisions. All key verticals now report directly to CEO Nalin Negi, reflecting a sharper focus on execution and sustainable growth.
BharatPe recently reported an EBITDA profit of ₹141 crore in FY25 (excluding ESOP costs), a turnaround from the previous year’s losses alongside 17% revenue growth.
