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Perfios' net profit rises 9x; global revenue doubles

The Arc WebThe Arc Web · 5d
Perfios' net profit rises 9x; global revenue doubles

Perfios Software Solutions, a credit underwriting and fraud analytics platform, recorded a consolidated revenue of Rs 557.78 crore ($66 million) in fiscal year 2024 (FY24), representing a 37% growth from the previous year. Its net profit also grew significantly to Rs 71.7 crore ($8.5 million) in FY24, marking a nine-fold increase. The company experienced significant growth in its international revenue, which doubled to Rs 52 crore ($6.2 million) in FY24. Perfios has been focusing on expanding globally, particularly in Southeast Asia. It also underwent a successful integration with Karza Technologies, a fraud analytics company it acquired in 2022. Perfios aims to become a global software-as-a-service company under the leadership of its CEO, Sabyasachi Goswami. The company's visibility and marketing efforts have increased as it aims to expand further.

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