Perfios executives with financial growth data.
Bengaluru-based B2B fintech SaaS unicorn Perfios reported a 46% increase in consolidated net profit for FY25, reaching ₹104.3 Cr ($12.5 million), up from ₹71.7 Cr in FY24. This marks the company’s third consecutive year of profitability, following its initial profit of ₹7.8 Cr in FY23.
Operating revenue for FY25 rose by 20% to ₹669.5 Cr ($80.3 million) from ₹557.8 Cr in FY24. Including other income of ₹39.2 Cr, Perfios’ total income for the fiscal year stood at ₹708.5 Cr ($84.8 million).
Perfios’ revenue is primarily driven by its SaaS business, with service income accounting for over 95% of total operating revenue at ₹638.5 Cr in FY25. The remaining ₹31 Cr came from license sales, implementation, and related services.
India remains Perfios’ dominant market, with domestic revenue growing 14% to ₹575 Cr in FY25 from ₹505.5 Cr in FY24.
Founded in 2008 by VR Govindarajan and Debasish Chakraborty, Perfios provides financial institutions with automation for processes such as loan onboarding, credit underwriting, and fraud detection. The company’s technology enables banks and lenders to process loans in under two minutes through real-time data analysis, credit underwriting, and fraud detection.
Perfios claims to serve over 1,000 financial institutions, offering more than 75 products and over 500 APIs, processing upward of 8.2 billion data points annually.
Nitin Chugh, former State Bank of India deputy MD, was recently appointed as Perfios’ group CEO and MD. Chugh will oversee the broader group, including subsidiaries Clari5, CreditNirvana, and IHX, while the core business will continue to be led by CEO Sabyasachi Goswami.
Since 2022, Perfios has completed five acquisitions and one acqui-hire, including fraud management platform Clari5, AI-driven collections startup CreditNirvana, and healthcare information exchange platform IHX in 2025. Earlier deals include RegTech startup Karza Technologies and digital lending software provider FintechLabs Technologies, both acquired in 2022, and the 2023 acqui-hire of behavioral financial insights startup Fego.ai.
The startup has raised close to $440 million from investors such as Warburg Pincus, Bessemer Venture Partners, and Kedaara Capital. Perfios entered the unicorn club in 2024 after raising $80 million from Teachers’ Venture Growth (TVG) at a valuation exceeding $1 billion.
The startup’s total expenses for the fiscal year stood at ₹5,610.2 Cr, up 13% from ₹4,955.5 Cr in the previous fiscal. Employee costs remained the largest expense, rising 16% to ₹337.94 Cr in FY25. Spending on cloud infrastructure increased 15.7% to ₹51.51 Cr, while expenses on software subscriptions saw a sharp rise of 71%, reaching ₹23.87 Cr.
Perfios was reported to be exploring an initial public offering (IPO) in 2024, though no further updates have been disclosed.
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