Since January of last year, Negi has filled in as the fintech's acting CEO after Suhail Sameer, who had been in the role since August 2020, left.

The chairman of BharatPe's board, Rajnish Kumar, says Negi is a "natural choice to lead the company" because of his "extensive experience" and the progress made under his direction.

During his temporary CEO tenure, the fintech reported an 182% rise in operating revenue and achieved its first EBITDA-positive month in October of last year.

It also says that creating and executing strategies that take advantage of market possibilities and “fostering a culture of innovation and customer-centricity” are the new boss’ strong points.

Negi held the positions of controller for GE Capital Services India and CFO for the Indian credit card business and payment provider SBI Card before joining BharatPe in 2022. Negi is credited for guiding SBI Card's IPO.

After taking over the company permanently, Negi says BharatPe would focus on "sustained profitability, scaling lending businesses, and launching new merchant-centric products." This is in reference to the fintech's "strategic focus."

The 2018-founded company BharatPe, which made headlines when it introduced the first UPI-compatible QR code in India, has announced that it would now start looking for a new CFO.