CoinSwitch appoints Ramesh Bafna as chief financial officer

India’s largest crypto investing company, CoinSwitch, has appointed Ramesh Bafna as the chief financial officer (CFO). 

A seasoned professional with over 18 years of experience, Bafna has built a sustainable marketplace revenue model in e-commerce companies such as Myntra and Flipkart as well as led the finance workstreams at IT services major Wipro.

Bafna takes over the CFO role from Sarmad Nazki who contributed to building the dynamic organisation and has decided to pursue other opportunities.

“I am delighted Ramesh Bafna is joining us as we take the next big leap in our journey. Ramesh’s experience in solving problems at scale in high-growth companies will help us strengthen and expand CoinSwitch to serve the next billion people,” said Ashish Singhal, co-founder and CEO, CoinSwitch.

“I have been following the fintech space for years and am fascinated by the potential it holds for India. I am delighted to join CoinSwitch and contribute to our mission to ‘make money equal for all’ in a sustainable, profitable way,” added Bafna.

Founded in 2017 by Singhal, Govind Soni, and Vimal Sagar Tiwari, the crypto unicorn is backed by blue-chip investors including Andreessen Horowitz (a16z), Tiger Global, Sequoia Capital, Ribbit Capital, Paradigm, and Coinbase Ventures.