ONE STEP AT A TIME

After becoming a dependable tech solutions provider to the BFSI sector, little-known fintech Perfios is preparing for an IPO

- BINU PAUL

EVEN AS INDIA'S fintech story has gathered pace, Perfios Software Solutions has slowly cemented its place as a leading Software-as-a-Service provider to the banking, financial services and insurance (BFSI) sector. In 2021, the Bengaluru-based firm effected a major reshuffle of its leadership to prepare for an IPO in two to three years. BE: The restructuring saw Sabyasachi Goswami, then CBO, succeed Co-founder V.R. Govindarajan as CEO, while the latter became Executive Chairman. "When you are getting the company ready for a longer run, you need a lot younger people; that was Govindarajan's thinking," says Goswami.