PARANOID & THRIVING

In an era of rising digital footprint, continuously looking at ways to add growth and girth to its services is helping fintech firm Perfios

- E. KUMAR SHARMA

V R. Govindarajan (known as Govi) likes to quote Intel CEO Andrew Grove’s motto: “Only the paranoid survive”. We need to be on our toes all the time, continuing to innovate, he says. “There will always be smarter people than you and perhaps with lesser baggage than you. They could come up with faster and better solutions.” Being paranoid has served him well.

Chosen by the jury for the Best Fintech VAS (valueadded service) award, Perfios is a product technology fintech firm that supports financial institutions in analysis and credit underwriting. It collects financial data and helps clients make credit-based decisions. Its functions include bank statement analysis, e-verification, financial analysis, and fraud check.

From just about 20 clients in 2014, Perfios today has over 220 clients. In 2019, it signed up with the State Bank of India, the largest public sector bank in India. “Last year, we would have added about 30 new clients apart from deepening engagements with existing customers. On an average we grow 100 per cent year-on-year in terms of top line. This has been the case for four to five years and is expected to continue, at least for the next two to three years,” says Govindarajan, Co-founder of the company. The company has been operationally profitable for the last five years, concluding FY19 with revenues of ₹43.6 crore, he says.