Fintech Firm Bharatpe Elevates Nalin Negi As CEO | Companies News

[ad_1] New Delhi: Fintech company BharatPe on Tuesday announced the elevation of Nalin Negi as its Chief Executive Officer (CEO). Under him as an interim CEO and CFO, BharatPe recorded 182 per cent increase in revenue from operations in FY23 and clocked October as the first EBITDA positive month. BharatPe said it will now search … Read more

BharatPe Faces Government Inquiry Amidst Legal Turmoil | Companies News

[ad_1] New Delhi: BharatPe, a prominent player in India’s fintech sector, has come under the spotlight once again as the Ministry of Corporate Affairs (MCA) issues a fresh notice seeking details about its operations and actions against co-founder Ashneer Grover. The notice, under Section 206 of the Companies Act, follows inquiries into alleged financial irregularities within … Read more

BharatPe Fraud: Ashneer Grover, Wife Move Delhi HC Challenging Look Out Circular | Economy News

[ad_1] New Delhi: Payment app BharatPe’s former MD Ashneer Grover and his wife Madhuri Jain Grover on Thursday approached the Delhi High Court seeking quashing of the Look Out Circular (LOC) issued against them in connection with the investigation in a cheating and forgery case. Justice Subramonium Prasad, before whom the matter came up … Read more

BharatPe Turns EBITDA Positive; Clocks October 2023 As The First Profitable Month | Companies News

[ad_1] New Delhi: Fintech unicorn BharatPe on Tuesday announced that it has turned EBITDA positive in October with annualised revenue crossing Rs 1,500 crore. Without giving out the actual number, BharatPe in a statement said the financial milestone was attributed to consistent growth across all business lines. Earnings before interest, taxes, depreciation, and amortization … Read more

Delhi Police Summon Ashneer Grover And His Wife For Questioning | Companies News

[ad_1] New Delhi: The co-founder of BharatPe, Ashneer Grover, and his wife, Madhuri Jain, have been summoned by the Delhi Police’s Economic Offences Wing (EOW) for questioning regarding an alleged fraud of Rs 81 crore at the fintech unicorn. The couple is required to appear at the EOW’s Mandir Marg office on November 21. The … Read more