Perfios, the Bengaluru-based B2B fintech that powers credit decisioning for over 900 financial institutions, has confidentially filed its Draft Red Herring Prospectus (DRHP) with SEBI for a ₹7,000 crore IPO. The offering includes a fresh issue of ₹1,000 crore and an offer-for-sale of ₹6,000 crore by existing investors.

Founded in 2008 by V.R. Govindarajan, Perfios has grown quietly into one of India’s most critical financial infrastructure companies. Its platform processes over 2 billion transactions annually, providing real-time financial data aggregation, bank statement analysis, and GST analytics to banks, NBFCs, and insurers.

Key investors looking to partially exit include Warburg Pincus, Bessemer Venture Partners, and ChrysCap. The company was last valued at $3 billion during its 2023 funding round.

Perfios reported revenues of ₹987 crore in FY2025, growing 45% year-on-year, with an EBITDA margin of 28%. The company has expanded internationally, with operations in the UAE, Philippines, Vietnam, and Indonesia.

If the IPO proceeds as planned, Perfios would become one of the largest B2B SaaS listings on Indian exchanges, following Freshworks’ NASDAQ debut and Druva’s expected listing later this year.