Former COO Dhruv Dhanraj Bahl to step down from BharatPe: Report
The Economic Times citing sources. As per the report, merchant lending has emerged as a significant source of revenue and a pivotal sector for the company. In a strategic move to strengthen its lending operations, BharatPe had unveiled its acquisition of a controlling stake in Mumbai's Trillion Loans, a non-banking financial company (NBFC), in May.
Mint could not independently confirm the development. BharatPe's impact within the lending sector has been notable, with the company claiming to facilitate loans surpassing ₹500 crore monthly for its array of merchant partners. Bahl's exit comes in the wake of a series of high-level resignations that the fintech firm has experienced over the past year and a half. Also Read: Admission to nursery in Delhi schools tougher than IIT entrance: Ashneer Grover "We would like to confirm that Bahl is moving on from BharatPe to pursue his entrepreneurial passions.
He has been an integral part of the organisation and contributed to the growth of the company," the company spokesperson told Economic Times. Bahl played a pivotal role in overseeing the reorganization of the company following Grover's exit. His association with BharatPe began in 2020 when he joined as the Head of Operations.
Prior to his tenure at BharatPe, he had contributed to various organizations including Airtel Payments Bank, Paytm Bank, and Fortis Healthcare. Also Read: FIR against BharatPe ex-MD Ashneer Grover, family for defrauding the fintech of ₹81 cr According to ET citing the source mentioned earlier, Bahl is anticipated to establish an early-stage investment firm, aligning himself with the likes of his former colleagues Suhail Sameer and Bhavik Koladiya. However, the source declined to share further details.
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