Perfios net profit rises 46% in FY25 to ₹104 crore, SaaS business drives growth

Core Insights - Perfios, a fintech SaaS firm, reported a 46% year-on-year increase in consolidated net profit to ₹104.3 crore for the fiscal year ending March 2025, driven by growth in its core SaaS business and inorganic expansion [1] - Operating revenue rose 20% to ₹669.5 crore in FY25 from ₹557.8 crore in the previous fiscal year, with total income reaching ₹708.5 crore including other income of ₹39.2 crore [1] Revenue Composition - The company's revenue is primarily driven by its SaaS offerings, with service income contributing over 95% of operating revenue at ₹638.5 crore, while the remaining ₹31 crore came from license sales, implementation, and related services [2] Market Performance - India remains the dominant market for Perfios, with domestic revenue growing 14% to ₹575 crore in FY25 from ₹505.5 crore a year earlier, indicating strong demand from banks and financial institutions for digitized underwriting and onboarding solutions [3] Company Overview - Founded in 2008, Perfios enables financial institutions to automate processes such as loan onboarding, credit underwriting, and fraud detection, serving over 1,000 institutions globally with more than 75 products and 500 APIs, processing upwards of 8.2 billion data points annually [4] Leadership Changes - Perfios appointed Nitin Chugh, former deputy managing director of State Bank of India, as group CEO and MD, overseeing the broader group including subsidiaries like Clari5, CreditNirvana, and IHX, while the core business continues to be led by CEO Sabyasachi Goswami [5] Inorganic Growth Strategy - The company has accelerated its inorganic growth strategy, completing five acquisitions and one acqui-hire since 2022, including Clari5, CreditNirvana, and IHX in 2025, enhancing capabilities in fraud management, AI-led collections, and healthcare data exchange [6] Investment and Valuation - Backed by 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 at a valuation exceeding $1 billion [7] - Total expenses for FY25 rose 13% to ₹5,610.2 crore from ₹4,955.5 crore a year earlier [7]