New Delhi, Oct. 27 -- BharatPe has named Ajit Kumar - a near-decade Paytm engineering veteran - as its new chief technology officer. The appointment comes five months after former CTO Pankaj Goel left the company citing "personal reasons." BharatPe says Kumar will "be spearheading the startup's tech strategy and innovations across its payments and lending platforms." The move follows a period of leadership churn and an internal realignment as the fintech prepares for an eventual public listing.

BharatPe is openly positioning itself for an IPO by FY27 and has discussed EBITDA and profitability targets in public briefings. In that context, filling the CTO role with a leader experienced in large-scale payments systems is a signal to markets...