PhonePe has promoted Srijon Biswas, who has been with the company since 2016, to chief technology officer (CTO). The fintech company announced this leadership change as part of a broader evolution of responsibilities. Meanwhile, cofounder and former CTO Rahul Chari has moved to the role of chief product and technology officer (CPTO), overseeing product, technology, trust and safety, data sciences, analytics, and customer experience, according to inc42.com.
Biswas will now lead PhonePe’s engineering organisation but will continue to report to Chari. The leadership reshuffle aims to strengthen PhonePe’s technology and product functions amid the company’s ongoing expansion. Chari said the changes will help PhonePe invest deeply in engineering excellence and build technology platforms to support digital India’s future. This transition follows several recent leadership exits at PhonePe, including heads of insurance, app marketplace, and wealth management verticals.
The leadership changes come as PhonePe, owned by Walmart, has indefinitely paused its plans for an initial public offering in India. The company has faced volatility in its senior management during this period, reflecting broader challenges in its growth trajectory. PhonePe’s focus on strengthening its technology leadership highlights the importance of maintaining robust engineering and product capabilities in the competitive fintech sector.
PhonePe’s leadership update was reported on July 8, 2026, by inc42.com, marking a significant step in the company’s organisational evolution amid its strategic pause on public listing plans.