Highlights
Fintech leader Pine Labs has confirmed the departure of Navin Chandani, who served as the President and Chief Business Officer Issuing. As per a regulatory notice, Chandani will leave the company to explore opportunities beyond its realm. His last day at Pine Labs will be April 6, 2026.
During his tenure of over three years, Chandani was instrumental in steering the issuing sector of Qwikcilver, alongside participating in various global board roles in both the US and Australia. Before joining Pine Labs, he was the Managing Director and CEO at CRIF India and subsequently took on the role of Regional Managing Director overseeing India and South Asia at CRIF. Chandani also held important positions at BankBazaar, including Chief Business Officer and Chief Business Development Officer, and dedicated more than four years at Visa in senior director capacities, managing the payments and consumer segments throughout India and South Asia.
Pine Labs’ Financial Performance in Q3 FY26
For the quarter concluding in December 2025, Pine Labs reported an impressive profit of Rs 42 crore, with a significant revenue increase of 24% year-on-year for that quarter. The company marked a successful entry into the public trading sphere, debuting at a 9.5% premium to its initial issue price. The shares commenced trading at Rs 242 each, in contrast to the IPO price of Rs 221, providing the Peak XV supported firm with a robust initiation on both the NSE and BSE.
Current Market Position of Pine Labs
As the trading session concluded, shares of Pine Labs were observed trading at Rs 153, with a market capitalisation approximating $1.9 billion.