Company Directory - BharatPe
Company Details - BharatPe
BharatPe
WebsiteGurugram, India
BharatPe is an Indian fintech company that provides a wide range of payment solutions and lending services tailored for businesses. It offers a unified QR code for merchants, UPI transactions, and completes the financial needs of small and medium enterprises through its lending solutions.
CCI Score
CCI Score: BharatPe
23.71
Latest Event
BharatPe Secures RBI Approval for Payment Aggregator
BharatPe's subsidiary, Resilient Payments Private Limited, secured final approval from the RBI to operate as an online payment aggregator, reinforcing the company's commitment to compliance, strong governance, and ethical business practices.
Take Action
So what can you do? Support BharatPe by shopping, spreading the word, or offering your support.
- Shop Alternatives
SEE ALL - Use Your Voice
OTHER TOOLS - Investigate
- Share the Score
SUPPORT CCI
SABOTEUR
BharatPe is currently rated as a Saboteur.
Latest Events
- APR092025
BharatPe's subsidiary, Resilient Payments Private Limited, secured final approval from the RBI to operate as an online payment aggregator, reinforcing the company's commitment to compliance, strong governance, and ethical business practices.
+70
Business Practices and Ethical Responsibility
June 18
By obtaining RBI approval for its payment aggregator business, BharatPe demonstrates a commitment to strong governance and regulatory compliance. This action reinforces ethical business practices and promotes trust in financial services, reflecting positive anti-authoritarian values.
- APR092025
BharatPe's group company, Resilient Payments, received the RBI's final nod to operate as an Online Payment Aggregator. The authorization underscores the company's robust compliance measures, risk management systems, and strong operational frameworks, reflecting a commitment to ethical governance and responsible innovation in digital payments.
+70
Business Practices and Ethical Responsibility
June 18
BharatPe's significant investment in strengthening compliance protocols and risk management systems, as evidenced by the RBI authorization, demonstrates strong business practices and ethical responsibility. This responsible behavior supports democratic regulatory oversight and benefits the broader community by safeguarding consumer and worker interests.
BharatPe's Resilient Payments Secures RBI's Final Nod to Operate as Online Payment Aggregator
- JUN052024
Former MD and co-founder Ashneer Grover, while in New York, posted on X (formerly Twitter) his supportive views on India's 2024 Lok Sabha election results. In his tweet, he emphasized that Indians are choosing their MPs rather than a PM, thereby reaffirming his belief in the strength of parliamentary democracy over centralized authoritarian leadership.
+60
Executive Political Engagement
June 18
Ashneer Grover's public expression of support for a more decentralized, democratic electoral process is a clear endorsement of anti-authoritarian values. As a former executive of BharatPe, his statement carries weight and aligns with progressive ideals opposing centralized power and authoritarianism.
- JUN122023
Former BharatPe MD Ashneer Grover criticized India's tax system in a viral video, describing taxation as a 'punishment' and suggesting that if he were to enter politics, he would implement lower, uniform tax rates. His remarks also pointed out perceived disparities, such as the tax exemption for political donations, raising questions about corporate influence and equitable economic practices.
-20
Executive Political Engagement
June 18
Ashneer Grover's remarks, while populist, signal a politicized take on taxation that may prioritize elite interests over equitable policy. His criticism of high taxes and the exemption for political donations raises concerns about a potential undermining of fair economic practices and worker rights.
- NOV012022
BharatPe has elevated Nalin Negi to the position of CEO, signaling a leadership transition aimed at sustained profitability and continued contributions to India's economy through significant tax and duty payments. While the article does not detail specific policy shifts or explicit anti-authoritarian measures, such leadership changes are pivotal moments that can set the stage for enhanced corporate accountability and potential progressive reforms over time.
+5
Executive Political Engagement
June 18
The appointment of a new CEO is a key corporate event that can influence a firm’s political and public behavior. While there are no explicit indications of direct engagement with authoritarian policies, leadership transitions open opportunities for improved corporate governance and potentially more transparent, worker-friendly policies. This is assessed as a mildly positive development from an anti-fascist, progressive standpoint.
- MAY102022
On May 10, 2022, BharatPe announced the termination of several employees and vendors and stated it would be filing criminal and civil cases in an effort to claw back shares from former founder Ashneer Grover. While the company cited malpractices such as inflated invoices as justification, the mass terminations raise concerns about due process and the potential suppression of worker rights.
-50
Labor Relations and Human Rights Practices
June 18
The decision to terminate multiple employees and vendors—despite claims of malpractices—can create an environment of fear and insecurity among workers and small business partners. This approach risks becoming a tool for oppressive internal control, as it may stifle dissent and undermine labor rights, reflecting tendencies associated with authoritarian management practices.
BharatPe Terminates Employees, Vendors; To Claw Back Shares From Former Founder Ashneer Grover
Alternatives
Corporation
-46.30
United Kingdom
9.99
Stockholm, Sweden
-0.48
Melbourne, Australia
-1.68
Atlanta, United States
-19.44
Atlanta, United States
-19.48
Gurugram, India
11.47
Mumbai, India
1.87
Bengaluru, India
-19.48
Bangalore, India
-21.47
Industries
- 522210
- Credit Card Issuing
- 522320
- Financial Transactions Processing, Reserve, and Clearinghouse Activities
- 541511
- Custom Computer Programming Services
- 541519
- Other Computer Related Services