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Perfios enables employee wealth creation of ESOPS worth $18.5 million

By Gloria Mathias

October 17, 2023

  • B2B
  • Bangalore
  • BFSI sector
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Perfios, India, Karnataka, Financial Inclusion, FinTech, SaaS, B2B, Software development, Global expansion, MENA, SEA, US, Financial Institution, Bangalore, Fintech Expansion, ESOPs, Wealth creation, Employee Equity, India, Fintech NewsPerfios, India-based B2B SaaS FinTech has announced an ESOP buyback of equity shares worth INR 154 crore ($18.5m) from its 135 employees, resulting in 62 individuals becoming millionaires.

The B2B FinTech is committed to acknowledging the efforts of its workforce, making it a people-first and employee-centric organization.

Among the beneficiaries of the buyback are 80 women employees, reflecting Perfios’ emphasis on fostering gender diversity within its organization. Additionally, 98 employees are under 30 years old, while 152 fall within the 30 to 40-year age bracket, showcasing the company’s dedication to nurturing talent across various age groups.

Sabyasachi Goswami, CEO of Perfios, commented, “I am immensely proud of our team at Perfios for their unwavering dedication and hard work, which enabled us to achieve remarkable growth and hence allowed us to generously reward our people. It’s truly gratifying to see the Perfios Millionaire Club grow and thrive along with the company’s growth. The buy-back reaffirms our dedication to placing our employees first and fostering a work environment where everyone can excel.”

A total of 135 employees, encompassing both current and former team members from various departments representing a wide range of socio-economic backgrounds have gained membership in the Perfios Millionaire Club through the buyback program.

V.R. Govindarajan, Co-Founder & Chairman shared, “Our philosophy has always been to create wealth and share wealth and we firmly stand by it. This isn’t a new concept for us; it’s a practice we’ve embraced for years. This latest round of ESOP payout is just another validation of our unwavering commitment to our employees’ success and prosperity.”

The company emphasizes creating a workplace where employees thrive on every level. Perfios actively promotes a culture of innovation, inspiring a founders’ mindset through dynamic programs, hackathons, and ideathons.

Perfios has set a goal of doubling its revenue growth by the close of this financial year as it bolsters its presence in MENA and SEA countries and expands to North America and Europe. The company plans to fuel its global expansion and invest in new-age technology to enhance its stack of decision analytics SaaS products to solve the end-to-end customer journey across the BFSI sector.

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