BharatPe appoints ICICI Bank veteran Sandeep Indurkar as chief business officer, no CEO yet

BharatPe

Fintech unicorn BharatPe has appointed Sandeep Indurkar, an ICICI Bank veteran, as the Chief Business Officer- Banking and Alliances, even as the chief executive's position remains vacant after Suhail Sameer stepped down from the role earlier this year.

According to his LinkedIn profile, Indurkar, who has 18 years of experience, was the digital payments head of the banking major.

BharatPe has been at the centre of a controversy ever since co-founder and former managing director Ashneer Grover had a falling out with the company's key investors. In the aftermath, while Grover resigned after a lot of acrimony, BharatPe and its other co-founders have slapped multiple litigations against him.

Last week, the embattled founder said that the fintech unicorn is a $3 billion write-off, and its value has been destroyed by Chairman Rajnish Kumar.

The company has also sought up to Rs 88 crore in damages from the Grovers and other family members through a civil suit. BharatPe alleges that the Grover family created fake bills, enlisted fictitious vendors to provide services to the company, and overcharged the company for recruitment.