Perfios appoints Nitin Chugh as MD and Group CEO to scale fintech platform

Perfios has appointed former State Bank of India executive Nitin Chugh as managing director and group chief executive officer, as the fintech firm looks to scale its platform and deepen its presence across global financial services markets.

Chugh will lead the broader Perfios Group, which includes Clari5, CreditNirvana and IHX, and will be responsible for driving the company’s next phase of growth and international expansion. The core Perfios business will continue to be led by chief executive Sabyasachi Goswami, according to CNBC-TV18.

The appointment comes at a time when fintech firms are expanding beyond point solutions into integrated platforms, spanning credit decisioning, fraud detection, risk management and collections. Perfios has been building capabilities across these areas as it targets deeper engagement with banks, insurers and healthcare providers.

Chugh brings nearly three decades of experience in banking and financial services. Most recently, 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. His prior roles include serving as managing director and CEO of Ujjivan Small Finance Bank and holding senior leadership positions at HDFC Bank.

His appointment signals a stronger push towards digital transformation and AI-led innovation within Perfios’ product suite. Chugh said the company is well positioned to scale its capabilities across financial services, insurance and healthcare, particularly as demand grows for data-driven decision-making tools.

Perfios cofounder and executive chairman VR Govindarajan said Chugh’s experience in leading large-scale transformations and building digital businesses would be critical as the company enters its next phase of growth.

The leadership change reflects broader shifts in the fintech sector, where companies are increasingly hiring senior banking executives to navigate regulatory complexity, scale operations and build enterprise-grade platforms. Industry analysts note that as fintech firms mature, leadership with deep institutional experience is becoming a key differentiator.

Looking ahead, Perfios is expected to focus on expanding its global footprint while strengthening its AI-driven offerings. The challenge for Chugh will be to integrate multiple product lines, scale operations across markets and sustain growth in an increasingly competitive and regulated fintech landscape