Fintech SaaS firm Perfios has appointed former State Financial institution of India deputy managing director Nitin Chugh as its managing director (MD) and group CEO.
In a press release, Perfios mentioned the appointment would strengthen its management workforce as the corporate expands its world footprint, advances its know-how platforms, and deepens its place in monetary companies know-how.
Based in 2008 by VR Govindarajan and Debasish Chakraborty, Perfios turned a unicorn in 2024.
Chugh will lead the Perfios Group, comprising Perfios, Clari5, CreditNirvana, and IHX. The core Perfios enterprise will proceed to be led by Sabyasachi Goswami.
“Perfios has constructed a robust basis as an working system for BFSI, powering important decisioning for establishments that form economies. What excites me is the momentum we’re constructing round AI, with quickly evolving capabilities throughout credit score decisioning, fraud prevention, threat administration, healthcare claims automation, collections, and debt decision, opening up new prospects for intelligence and effectivity at scale,” mentioned Nitin Chugh.
Nitin is a seasoned BFSI chief, and most lately, he was the Head of Digital Banking and Transformation at State Financial institution of India. He beforehand served because the Managing Director and CEO of Ujjivan Small Finance Financial institution and as Group Head, Digital Banking at HDFC Financial institution.
“Nitin brings a uncommon mixture of deep trade experience and confirmed management in driving transformation at scale. His understanding of the evolving monetary ecosystem and his potential to construct and lead high-impact platforms make him the precise chief for Perfios at this stage of our journey,” mentioned Govindarajan on the appointment.
Perfios serves the banking, monetary companies and insurance coverage trade in 20 international locations with 75 plus merchandise and platforms, and over 500+ APIs.
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