Shashvat Nakrani, founder of BharatPe, announced that he will step away from the company’s day-to-day operations and transition 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 the company, will continue as founder and director on the board.
As part of the transition, he will remain involved in key strategic areas including fundraising, initial public offering (IPO) planning, mergers and acquisitions, and long-term growth strategy.
Announcing the move, 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 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.”
The transition comes as BharatPe reports key financial gains. The company recorded an adjusted profit before tax of ₹6 crore in FY25. Operating revenue grew 16.9 percent year-on-year to ₹1,667 crore, compared to ₹1,426 crore in FY24.
Nakrani will continue to serve on the board of directors, supporting the company’s next phase of expansion and evolution.
Founded in 2018 under the parent entity Resilient Innovations Pvt Ltd, BharatPe introduced India’s first interoperable UPI QR code with zero merchant discount rate (MDR). The company now has a registered network of over 1.7 crore merchants across more than 450 cities and processes over 450 million UPI transactions every month.
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