BharatPe: Reshuffle within the Grover controversy! Suhail Sameer resigns as CEO of BharatPe –

BharatPe: Turmoil continues over fintech firm BharatPay’s top management. The company has already approached the court alleging financial fraud against the co-founder and former CEO of BharatPay, Ashanir Grover. On the other hand, Ashini also counterattacked the Bharatpay authorities.

Suhail Sameer resigned from the post of CEO of Bharatpay as soon as the controversy subsided. Today, Tuesday, this information was informed by the company. He will take over as the company’s strategic advisor from January 7. As a result, the current CFO of the company, Nalin Negi, will take full responsibility. He will currently be taking over as the interim CEO.

Rajnish Kumar, chairman of Bharatpay, said that Suhail is being thanked sincerely on behalf of the board. Because Suhail has taken Bharatpay to a leadership position.

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In August 2020, Sameer was elected as the company’s president. He joined BharatPay as CEO in August 2021. Then an argument started between Ashani’s Grover and Sameer. After that, allegations of financial embezzlement were made against Ashneer. Ashner resigned from Bharatpay.

Prior to Bharatpay, Sameer was the Founder Managing Director at CESC Ventures. There he created the timely Ayurveda brand. He also served as the Asia-Pacific leader of McKinsey & Company’s clean-tech practice.
Sameer invests in personal care products, food products and financial inclusion. His angel investing company is Rupeek, India’s largest digitally secured lending company. He also has investments in MamaEarth, India’s largest clean-level company. He also has investments in several other companies. Apart from this, Sameer is also a government project mentor of Niti Aayog.

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Since the beginning of 2022, several employees of the company have resigned from senior leadership positions. Among them are the company’s Chief Technology Officer Vijay Aggarwal, Chief Product Officer of Lending and Consumer Products Rajat Jain, Head of Consumer Lending Platform Nehul Malhotra. According to sources, they have resigned to do something of their own.

Although a section of informed circles have said that ever since the Ashini Grover controversy started, Bharatpay’s overall image has been questioned. Because of that top management members are resigning one after another. However, many people do not agree with this explanation. According to them, it has nothing to do with Grover’s controversy.

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