People · Financial Services

Pine Labs president Navin Chandani steps down

By Startup Enthusiast · 6 April 2026

What they do

Pine Labs provides payment solutions for POS, online, UPI, prepaid cards, gift cards, and credit processing

President and Chief Business Officer Navin Chandani resigned, effective 6 April 2026, after over three years

The exit follows Pine Labs' recent listing and strong Q3 FY26 profit of Rs 42 crore

Navin Chandani, President and Chief Business Officer (Issuing) at Pine Labs, is stepping down, effective 6 April 2026.
His resignation letter is dated 14 February 2026 and addressed to chairman, managing director and CEO B Amrish Rau.
Chandani spent over three years at Pine Labs, leading the issuing business Qwikcilver.
He also held board roles in the US and Australia during his tenure.
Before Pine Labs, Chandani was Managing Director and CEO at CRIF India, then Regional Managing Director for India and South Asia.
Earlier, he served as Chief Business Officer and Chief Business Development Officer at BankBazaar, and spent over four years at Visa in senior director roles.

The resignation comes shortly after Pine Labs listed on public markets at a 9.5% premium, opening at Rs 242 per share against the IPO price of Rs 221.
Shares were trading at Rs 153 at the end of the trading session, giving a market cap of around $1.9 billion.
Pine Labs reported a profit of Rs 42 crore for Q3 FY26, with revenue up 24% year-on-year.
The company is backed by Peak XV, a major investor.

Pine Labs provides payment solutions for point-of-sale (POS) terminals, online payments, UPI, prepaid cards, gift cards, and credit processing.
It offers fintech infrastructure to banks, financial institutions, brands, corporates, and government entities.
It also serves fintech companies, e-commerce platforms, startups, and direct-to-consumer (D2C) businesses.
Pine Labs operates in India, Malaysia, the UAE, and the US.