Perfios appoints Nitin Chugh as the group CEO

Banking technology company Perfios has appointed former State Bank of India deputy managing director Nitin Chugh as the firm’s new group CEO and managing director. Sabyasachi Goswami, who used to be the top executive will continue to lead the core business operations of the firm, the company said.

In a townhall organised by the company on Tuesday, Chugh was announced as the new CEO, people part of the gathering told ET.

Responding to ET’s queries on whether Goswami has effectively stepped down, the company said: that the core Perfios business will continue to be led by him to ensure business continuity as the group scales.

Chugh was previously the chief executive of Ujjivan Small Finance Bank and prior to that the digital head at HDFC Bank.

Chugh had stepped down from his role as Deputy Managing Director and Head (Digital Banking and Transformation) at SBI on March 2, 2026, after his contract with the public sector bank expired.

Goswami had joined Perfios in 2016 as senior vice president and went on to become its CEO in August 2022.