Shashvat Nakrani Named Strategic Advisor at BharatPe
Shashvat Nakrani, the Founder of BharatPe, has disclosed his intention to withdraw from the company's daily activities and instead assume the position of Strategic Advisor starting on May 1, 2026.
Shashvat, the present Chief Operating Officer (COO) and the primary individual stakeholder in BharatPe, will persist in maintaining a close connection with the company in the capacity of Founder and Director on its Board.
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In the course of this transition, his continued involvement will be focused on critical strategic functions such as fundraising, initial public offering (IPO) preparations, mergers and acquisitions (M&A), as well as defining BharatPe's overarching vision and strategies for sustained growth.
Announcing the move, Shashvat Nakrani says, “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 adds, “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”.
At this juncture, BharatPe is undergoing a significant change as it has reached important financial accomplishments.
Specifically, the company disclosed an adjusted pre-tax profit of Rs.6 crore in the financial year 2025, in addition to a 16.9 percent increase in operating revenue to Rs.1,667 crore compared to Rs.1,426 crore in the financial year 2024.
Shashvat will maintain a crucial position within the company's Board of Directors, providing support to BharatPe as it navigates through its upcoming phase of expansion and development, emphasizing on scalability, profitability, and the creation of long-term value.
Earlier, BharatPe, a prominent fintech company in India, revealed a new service in collaboration with YES BANK known as 'Pay Later with BharatPe' Credit on UPI, which is supported by NPCI. This innovative product aims to promote inclusive access to credit throughout India, facilitating convenient management of financial requirements for both consumers and merchants.
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According to the company, consumers can now utilize a Credit Line through the 'Pay Later with BharatPe' feature to make payments at various merchant locations. This functionality encompasses scanning UPI QR codes, making online purchases, and settling recharges or bills within the BharatPe app.
As per a declaration from the corporation, "Pay Later With BharatPe" provides immediate UPI credit without any need for documentation or waiting periods, enabling customers to make daily purchases and settle their balances on a monthly basis either in full or through adaptable 3-12 month installment plans. The interest-free credit program offers users up to 45 days of interest-free borrowing, with limits reset upon repayment.
Users have the ability to monitor their borrowing, limits, and repayments effortlessly through the application, as well as manage EMIs and make secure payments via UPI. This centralized platform guarantees a secure, convenient, and fully integrated credit experience for users.
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As per the company's official announcement, users are also granted access to BharatPe UPI Rewards, which enable them to earn guaranteed rewards in the form of Zillion coins for all transactions completed through the BharatPe UPI app.
These coins have the versatility to be exchanged for vouchers from various brands or products and cover an array of utility expenses. Based on corporate data, BharatPe is identified as the sole financial technology firm in India possessing an NBFC license (Trillion Loans), an ownership interest in a Small Finance Bank (Unity SFB), and a license for Online Payment Aggregator services.