Perfios Appoints Nitin Chugh as MD & Group CEO to Lead Global Expansion

Fintech platform Perfios has appointed Nitin Chugh as Managing Director and Group Chief Executive Officer, marking a significant leadership move as the company prepares to accelerate its global expansion and strengthen its integrated platform offerings.

In his new role, Chugh will oversee the broader Perfios Group, including its key businesses such as Clari5, CreditNirvana and IHX. He will be responsible for driving the organisation’s next phase of growth, expanding its international presence and advancing its technology-driven solutions across financial services, insurance and healthcare sectors.

The core Perfios business will continue to be led by CEO Sabyasachi Goswami, ensuring continuity in operations while Chugh focuses on scaling the overall group strategy.

The appointment comes at a time when fintech companies are evolving from niche solutions to end-to-end platforms offering capabilities across credit analytics, fraud detection, risk assessment and collections. Perfios has been steadily building its presence across these areas, aiming to deepen its partnerships with banks, insurers and healthcare providers.

Chugh brings nearly 30 years of experience in banking and financial services, with a strong background in digital transformation and business scaling. Prior to joining Perfios, he served as Deputy Managing Director and Head of Digital Banking and Transformation at State Bank of India, where he led large-scale digital initiatives and modernisation efforts.

Earlier in his career, he was the Managing Director and CEO of Ujjivan Small Finance Bank, and also held senior leadership roles at HDFC Bank, gaining extensive experience in retail banking, digital strategy and organisational growth.

His appointment signals Perfios’ intent to strengthen its focus on AI-driven solutions and data-led decision-making platforms, areas that are becoming increasingly important in the financial services ecosystem. As institutions seek more advanced analytics and automation, fintech platforms are playing a critical role in enabling faster and more accurate decision-making.

Commenting on the leadership move, VR Govindarajan, Co-founder and Executive Chairman of Perfios, highlighted Chugh’s experience in leading transformation at large financial institutions, noting that his leadership will be instrumental as the company enters a new phase of growth.

The move also reflects a broader trend within the fintech industry, where companies are increasingly bringing in senior leaders from traditional banking backgrounds to navigate regulatory complexity, scale operations and build enterprise-grade platforms.

Looking ahead, Perfios is expected to focus on expanding its global footprint, strengthening its product ecosystem and enhancing its AI capabilities. As competition intensifies and regulatory expectations grow, the ability to integrate multiple offerings and deliver scalable solutions will be key to sustaining long-term growth.

With Chugh at the helm of the group, Perfios aims to position itself as a comprehensive fintech platform capable of supporting financial institutions through their digital transformation journeys.