Bengaluru-based fintech agency Perfios has appointed former State Financial institution of India deputy managing director Nitin Chugh as its managing director and group CEO, as the corporate seems to increase its platform and world footprint.

Perfios stated its core enterprise will proceed to be led by Sabyasachi Goswami, who turned chief govt in August 2022, whereas Chugh will oversee the broader group, together with Clari5, CreditNirvana and IHX. 

Chugh brings practically three many years of expertise in monetary companies. He most lately served as deputy managing director and head of digital banking and transformation at SBI, and was relieved from the financial institution on 2 March 2026 after the tip of his contract. He beforehand served as managing director and chief govt of Ujjivan Small Finance Financial institution and as group head of digital banking at HDFC Financial institution.

Commenting on the appointment, Chugh stated Perfios was constructing momentum round synthetic intelligence throughout credit score decisioning, fraud prevention, threat administration, healthcare claims automation, collections and debt decision, and that these capabilities may assist increase entry to formal finance whereas bettering the velocity and high quality of monetary choices.

The appointment comes after a yr by which Perfios made three acquisitions: Clari5 in fraud and monetary crime administration, CreditNirvana in AI-driven debt administration and collections, and IHX, a healthcare data alternate platform.

In response to ICRA, the three offers have been accomplished in calendar yr 2025 for a complete consideration of about Rs 580 crore. 

Based in 2008 by V.R. Govindarajan and Debashish Chakraborty, Perfios offers software program merchandise for monetary establishments throughout origination, onboarding, decisioning, underwriting and monitoring. The corporate stated it serves greater than 1,000 monetary establishments throughout 18 international locations, processes 8.2 billion information factors a yr, and provides greater than 75 merchandise and over 500 APIs. 

Perfios turned a unicorn in 2024 after elevating $80 million from Lecturers’ Enterprise Progress, the late-stage enterprise and development arm of Ontario Lecturers’ Pension Plan, at a valuation of greater than $1 billion.

On its web site, Perfios stated it has raised $435.1 million in funding in whole. ICRA stated the corporate reported consolidated working revenue of Rs 669.5 crore in FY2025, whereas revenue after tax stood at Rs 104.3 crore.