NewKerala.com

BharatPe Founder Shashvat Nakrani Steps Back, Takes Strategic Advisor Role

BharatPe founder Shashvat Nakrani will transition from his role as Chief Operating Officer to a Strategic Advisor position effective May 2026. He will remain the company's largest individual shareholder and continue as a Director on the Board, focusing on strategic areas like fundraising and IPO planning. Nakrani expressed his unwavering belief in the company, which has become profitable and self-sustaining under current leadership. The fintech giant, serving over 1.7 crore merchants, reported an adjusted profit and significant revenue growth in FY25.

Key Points: BharatPe Founder Shashvat Nakrani Moves to Strategic Advisor

  • Founder steps back from day-to-day ops
  • Remains largest individual shareholder
  • Company now profitable and self-sustaining
  • Focus on IPO planning and long-term strategy
  • Processes 450 million+ UPI transactions monthly
2 min read

BharatPe founder Shashvat Nakrani transitions to strategic advisor role

BharatPe founder Shashvat Nakrani transitions from COO to strategic advisor in 2026, remaining the largest shareholder and board director.

"my belief in BharatPe has not changed. If anything, it has only strengthened. - Shashvat Nakrani"

Bengaluru, April 14

Shashvat Nakrani, Founder of BharatPe, on Monday announced that he will be stepping away from the company's day-to-day operations and transitioning into a Strategic Advisor role, effective May 1, 2026.

Nakrani, who currently serves as Chief Operating Officer (COO) and is the largest individual shareholder in BharatPe, will continue as Founder and Director on the Board.

As part of this transition, he will remain actively involved in key areas of strategic importance, including fundraising, initial public offering (IPO) planning, mergers and acquisitions (M&A), and shaping the company's long-term vision and growth strategy.

Announcing the move, Shashvat Nakrani said, "I also want to be clear about one thing: my belief in BharatPe has not changed. If anything, it has only strengthened. I continue to be deeply invested in the company, not just emotionally but financially as well. As the largest individual shareholder, my alignment with BharatPe's long-term success remains absolute."

He further added, "Today, we are a very different organization, stronger, more structured, and built for scale. Under Nalin's leadership, the company has made significant strides over the past few years. BharatPe is now profitable and truly self-sustaining."

Nakrani's transition comes at a time when BharatPe has achieved key financial milestones. The company reported an adjusted profit before tax of ₹6 crore in FY25, along with a 16.9% year-on-year growth in operating revenue to ₹1,667 crore, up from ₹1,426 crore in FY24.

He will continue to serve on the company's Board of Directors, supporting BharatPe's next phase of growth and evolution.

According to company information, BharatPe (brand name of Resilient Innovations Pvt Ltd) was founded in 2018 to make financial inclusion a reality for Indian merchants. In 2018, it launched India's first UPI interoperable QR code, the first zero MDR payment acceptance service. Currently, with a registered network of over 1.7 crores merchants across 450+ cities, the company is one of the leading players in UPI offline transactions, processing 450 million+ UPI transactions per month.

- ANI

Share this article:

Reader Comments

P
Priya S
BharatPe has been a game-changer for my small kirana store. Their zero MQR QR code was a lifesaver. Wishing Shashvat Nakrani all the best in his new role. Hope the company continues to focus on serving small merchants like us.
A
Aman W
Founder transitions are always tricky. Hope this doesn't mean a shift away from the core mission of financial inclusion. The numbers look good (profit! 🎉), but the real test is if they keep innovating for the merchant.
S
Sarah B
Interesting timing. The company is finally profitable and now the founder moves to an advisory role. Usually it's the other way around – founders step back during tough times. This seems like a sign of strength and good succession planning.
K
Karthik V
Respect for Nakrani. Building a company from scratch to 1.7 crore merchants is no small feat. His continued involvement in fundraising and IPO is crucial. The fintech space is brutal, and you need the founder's vision during an IPO.
N
Nisha Z
While I appreciate his contribution, I hope this move brings more stability. BharatPe has had its share of controversies in the past. A clear, professional structure with the founder in a strategic role might be exactly what's needed for the next leg of growth.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50