BharatPe CTO Pankaj Goel resigns after nearly two-year stint
Pankaj Goel joined BharatPe after a prominent stint as Senior Vice President and Head of Payments Engineering at Razorpay.
Pankaj Goel, Chief Technology Officer at BharatPe, has stepped down from his role after a tenure of nearly two years, sources familiar with the matter confirmed to YourStory.
Goel had joined the Delhi-based fintech unicorn in July 2023, taking charge of the company’s technology strategy across group entities. Goel has now resigned from his role, citing personal reasons.
The former CTO had joined BharatPe after a prominent stint at Razorpay, where he served as senior vice president and head of payments engineering out of Bengaluru. During his time there, he led the development and scaling of core payments infrastructure.
At BharatPe, Goel oversaw technology across the group’s lending, merchant services, and digital payments platforms.
Before Razorpay, Goel spent over a decade with Intuit in Bengaluru, leading engineering teams for products such as QuickBooks and Demandforce. Earlier, he worked with Trilogy and Sun Microsystems in the US before he moved to India.
He was appointed after a seven-month gap left by the departure of former BharatPe CTO Vijay Aggarwal, who stepped down in November 2022.
BharatPe CTO's exit was first reported by Entracker.
Earlier this year, Chief Marketing Officer Parth Joshi also exited the company to launch his own venture.
Recently, Trillionloans Fintech Private Limited (TFPL), a non-banking financial company (NBFC) associated with the BharatPe group, named Sandeep Singh as its new Chief Executive Officer.
The appointment follows the transition of Sabyasachi Senapati, previously Executive Director at Trillionloans, to a leadership role at BharatPe Group, a majority stakeholder in TFPL.
Senapati will spearhead growth initiatives and central platform operations at BharatPe while remaining a whole-time director on Trillionloans’ board to ensure a smooth transition.
The BharatPe Group has reduced its EBITDA loss before share-based payment expense by 75% to Rs 209 crore in FY24 from Rs 826 crore in the previous financial year.
Revenue from operations grew 39% to Rs 1,426 crore from Rs 1,029 crore in the previous year. The consolidated loss before tax decreased by 50% from Rs 941 crore to Rs 474 crore, while cash burn dropped by 85% year-on-year.
Edited by Suman Singh