Ex-COO Dhruv Dhanraj Bahl To Exit BharatPe

Dhruv Dhanraj Bahl, the former chief operating officer (COO) of BharatPe who was recently reassigned as the chief business officer for the merchant lending division, is scheduled to exit from the company in September. This move follows a series of significant resignations at the fintech firm over the past year and a half.  

During his tenure at PhonePe, Bahl has played a crucial role in overseeing the company's reorganization after the exit of Ashneer Grover, the founder. His association with BharatPe began in 2020 when he joined as the head of operations. Prior to his time at BharatPe, he had contributed to various organizations, including Airtel Payments Bank, Paytm Bank, and Fortis Healthcare. 

BharatPe faced a setback at the start of 2022 with the exit of its founder, Ashneer Grover, which garnered public attention. Subsequently, another co-founder, Bhavik Koladiya, who was responsible for the company's technological foundation, also stepped down from the position. 

Throughout the rest of the year, the company experienced a wave of more than twelve resignations, primarily concentrated within the technology and product divisions.  

Several senior executives, including the chief technology officer Vijay Aggarwal, the head of consumer product-PostPe Nehul Malhotra, the chief product officer of Lending and Consumer Products Rajat Jain, and the vice-president of Technology Geetanshu Singla, resigned from BharatPe to pursue their own ventures. 

The most recent exit from the company was that of chief executive Suhail Sameer, who stepped down in January 2023.