BharatPe appoints former Interglobe exec as new CISO

Fintech company BharatPe has appointed Ambuj Bhalla as its chief information security officer (CISO). Bhalla will be responsible for the implementation of information technology security and cybersecurity frameworks for the company.  

Prior to BharatPe, he was the head of cybersecurity at InterGlobe Aviation and was entrusted with the delivery of end-to-end security operations. He has also worked with Reserve Bank Information Technology (ReBIT), a wholly-owned subsidiary of the Reserve Bank of India, and was responsible for the IT and cyber security needs of the bank. Bhalla has worked across industries like banking and financial services, telecom, aviation, and technology services.

Along with CISO, BharatPe also announced two other key appointments — Rahul Bhatia as the head of the internal audit and Ravinder Oberoi as head of compliance.

“As we focus on getting IPO ready, it becomes essential for us to ensure that data privacy, cyber security, corporate governance and compliance are given the highest priority,” said Shashvat Nakrani, BharatPe founder.

Talking about the appointment, Nakrani said, “I am pleased to welcome these experienced professionals in the BharatPe team and I am confident that their diverse experience and in-depth knowledge in their specific domains will enable us to not only build best-in-class fintech products with enhanced security architecture but also ensure strong corporate governance and compliance across the organisation.” 

In the past months, BharatPe has seen a few high-profile exits. At the beginning of the year, Suhail Sameer, the company's chief executive officer stepped down from the company; following this, Nalin Negi (chief financial officer) was named the interim CEO of the firm. Earlier, three senior executives — chief executive officer Vijay Aggarwal, chief product officer Rajat Jain, and PostPe head Nehul Malhotra also resigned from the company.