BharatPe Group Enhances Governance with Strategic Board Appointments at Unity SFB and Trillionloans

National, 1st April 2025: In a significant move to further its commitment to strong governance and long-term value creation, BharatPe Group has nominated Sumeet Singh, Executive Director & General Counsel at BharatPe, as a Non-Executive, Non-Independent Director on the Board of Unity Small Finance Bank (Unity SFB). Simultaneously, Ram Rastogi, an industry veteran with over 30 years of experience in banking, IT, and digital payments, has joined Trillionloans as an Independent Director.

Singh brings to the Unity SFB Board an extensive track record in corporate governance, regulatory affairs, and legal strategy. At BharatPe, he has been instrumental in building a robust governance framework and navigating the company through complex regulatory and legal challenges. His leadership was pivotal during times of crisis, including high-stakes litigations and boardroom transitions, where he played a key role in steering BharatPe toward stability and growth.

In addition to his governance credentials, Singh has led multiple equity fund-raising rounds for BharatPe, contributing to the company’s expansion and strategic investments, including its 49% stake in Unity SFB. His appointment to the bank’s board reflects BharatPe’s intent to safeguard its interest as a key financial investor while reinforcing Unity SFB’s governance and regulatory capabilities. He also led the negotiations on behalf of BharatPe with Centrum group in setting up the Unity joint venture. Unity SFB is a new-age digital-first bank, established as a joint venture between BharatPe Group and Centrum Group. BharatPe Group holds a 49% stake in the bank.

Meanwhile Rastogi is currently the Chairman of the FinTech Association for Consumer Empowerment (FACE), and has played an important role in shaping India’s digital payments landscape, notably through his leadership at NPCI in launching UPI, IMPS, and NACH. His extensive experience will guide Trillionloans, BharatPe Group’s NBFC arm, in expanding its lending portfolio and advancing credit access for underserved businesses and individuals nationwide.