Fintech firm BharatPe turns profitable in FY25; CEO Negi says, 'We're growing responsibly'

Gurugram-based fintech firm BharatPe has reported adjusted profit before tax (PBT) profitability for the first time. For FY25, the company posted an adjusted PBT of Rs 6 crore (excluding ESOP expenses), compared with a loss of Rs 342 crore in FY24. Total revenue for the year was Rs 1,734 crore, supported by growth across business segments.

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EBITDA, excluding ESOP expenses, improved to a profit of Rs 141 crore from a loss of Rs 209 crore in FY24, while UPI offline transactions rose 26% year-on-year.

Revenue from operations has grown at a compound annual growth rate (CAGR) of 54%, increasing from Rs 457 crore in FY22 to Rs 1,667 crore in FY25. Adjusted PBT (excluding ESOP costs) turned positive in FY25 from a loss of Rs 765 crore in FY22.

“Becoming PBT positive marks more than just a financial milestone, it signals a successful turnaround. We’re no longer just scaling, we’re growing responsibly, with strong financial governance and a sharp focus on sustainable value creation. This performance reflects our disciplined execution, cost control, and focus on building scalable, revenue-generating businesses,” said Nalin Negi, CEO of BharatPe.

Over the past year, the company has expanded its operations across verticals, including the development of UPI TPAP (BharatPe app) and Invest BharatPe. In April, BharatPe received final authorisation from the Reserve Bank of India to operate as an online payment aggregator, enabling it to expand its merchant base, deepen its presence in tier-2 and tier-3 cities, and invest in technology infrastructure.

BharatPe has increased its stake in Trillionloans to 74%. Trillionloans, rated ‘IND BBB+’ with a Stable Outlook by India Ratings & Research, has expanded rapidly using AI-based credit assessment models and API-driven loan disbursements.

The company also serves as the technology service provider for Unity Small Finance Bank, managing UPI transaction processing and ensuring compliance with NPCI protocols.

Founded in 2018, BharatPe introduced India’s first UPI interoperable QR code and zero-MDR payment acceptance service, and later launched BharatPe Swipe for card payments. It now has over 1.7 crore registered merchants across more than 450 cities, processes over 450 million UPI transactions monthly, and facilitates a monthly transaction processed value of Rs 12,000 crore.

Its lending arm, BharatPe Money, has enabled loan disbursements of more than $2 billion in partnership with NBFCs, while its POS business processes payments worth over Rs 27,000 crore annually across 125,000+ machines.