Nitin Chugh Appointed Managing Director and Group CEO at Perfios to Lead Next Phase of Fintech Growth

Perfios has appointed Nitin Chugh as Managing Director and Group CEO, bringing in a seasoned banking and digital transformation leader to steer the company’s next phase of growth across the fintech ecosystem. Chugh’s appointment signals Perfios’ intent to deepen its leadership in financial technology as banks, NBFCs, and digital lenders accelerate adoption of intelligent credit, underwriting, and analytics solutions.
Chugh joins Perfios with extensive experience across some of India’s most prominent financial institutions. Most recently, he served as Deputy Managing Director and Head of Digital Banking and Transformation at State Bank of India, where he played a key role in shaping large-scale digital initiatives. He has also led Ujjivan Small Finance Bank as MD and CEO, and earlier served as Group Head – Digital Banking at HDFC Bank. His career foundation includes leadership roles at Standard Chartered Bank, Xerox, and HCL Limited, giving him deep experience across banking operations, technology, and transformation.
At Perfios, Chugh is expected to focus on strengthening innovation, expanding market reach, and scaling the company’s product capabilities for financial institutions navigating a rapidly changing digital landscape. His background in both traditional banking and digital modernisation positions him well to lead Perfios through the next stage of enterprise growth.
The appointment comes at a time when the fintech sector is increasingly centred on AI-led decisioning, data intelligence, and seamless customer experiences. With Chugh at the helm, Perfios is likely to sharpen its strategic focus on building platform-led growth and broader ecosystem partnerships.