Fintech SaaS firm Perfios reported a 46% year-on-year rise in net profit to ₹104.3 crore in FY25, driven by strong growth in its core SaaS business and acquisitions.
Fintech SaaS firm Perfios reported a 46% year-on-year rise in consolidated net profit to ₹104.3 crore for the fiscal year ended March 2025, driven by steady growth in its core software-as-a-service business and inorganic expansion.
Operating revenue rose 20% to ₹669.5 crore in FY25 from ₹557.8 crore in the previous fiscal. Including other income of ₹39.2 crore, total income stood at ₹708.5 crore for the year.
SaaS business drives revenue mix
The company’s revenue continues to be anchored in its SaaS offerings, with service income contributing over 95% of operating revenue at ₹638.5 crore. The remaining ₹31 crore came from licence sales, implementation and related services.
India remained the dominant market for Perfios, with domestic revenue growing 14% to ₹575 crore in FY25 from ₹505.5 crore a year earlier, underscoring strong demand from banks and financial institutions for digitised underwriting and onboarding solutions.
Company profile and offerings
Founded in 2008 by VR Govindarajan and Debasish Chakraborty, the company enables financial institutions to automate processes such as loan onboarding, credit underwriting and fraud detection. It claims to serve over 1,000 institutions globally, offering more than 75 products and 500 APIs, and processing upwards of 8.2 billion data points annually.
On the leadership front, Perfios recently appointed former State Bank of India deputy managing director Nitin Chugh as group CEO and MD. He will oversee the broader group, including subsidiaries such as Clari5, CreditNirvana, and IHX, while the core business will continue to be led by CEO Sabyasachi Goswami.
Inorganic growth through acquisitions
The company has accelerated its inorganic growth strategy, completing five acquisitions and one acqui-hire since 2022. In 2025 alone, it acquired Clari5, CreditNirvana and IHX, adding capabilities across fraud management, AI-led collections and healthcare data exchange.
Unicorn status and investor backing
Backed by investors such as Warburg Pincus, Bessemer Venture Partners and Kedaara Capital, the startup entered the unicorn club in 2024 after raising $80 million from Teachers’ Venture Growth at a valuation exceeding $1 billion.
Total expenses for FY25 rose 13% to ₹5,610.2 crore from ₹4,955.5 crore a year earlier.
Published on March 21, 2026
