AI writes 86% of new code at Paisabazaar, CTO says

AI now writes 86% of the new code at Paisabazaar, but the financial marketplace has no plans to cut engineering jobs. Instead, it is expanding its technology team, said chief technology officer Mukesh Sharma. He told the Economic Times that productivity has surged: monthly production builds have risen from 30 to over 150.

Sharma said the company has more products to build than its existing teams could handle, and AI lets them ship faster. However, junior engineers risk losing their ability to understand code basics if they become too dependent on AI tools. AI-generated code still goes through human review, automated testing, and security checks before going to production.

Beyond engineering, machine-learning models now touch at least 50% of Paisabazaar's revenue, mainly through its 'Chances of Approval' initiative, Sharma said. The company also uses AI in its call centre, processing 100-120 GB of calls daily to detect fraud and ensure compliance.