Perfios Announces ESOP Payout worth 154 CR, Creating 62 New Millionaires

  • Banking
  • 17.10.2023 10:05 am

Perfios, India's largest B2B SaaS Fintech company, announced an ESOP buyback of equity shares worth INR 154 crore from its 135 employees, resulting in 62 individuals becoming millionaires. The move exemplifies Perfios' commitment of acknowledging and appreciating the exceptional efforts of its workforce, making it a truly 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, 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. Notably, some of the longest-serving employees, including those from both core and non-core functions like Administrative and Data Processing teams have received a remarkable 30-fold increase in their earnings, driven by Perfios’ motivation of employee wealth creation.

V.R. Govindarajan, Co-Founder & Chairman, commented “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’s ongoing commitment to fostering a culture of holistic employee development is driven by its efforts to nurture both professional growth and overall well-being. The company emphasizes on 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. These initiatives serve as fertile ground for groundbreaking ideas that contribute significantly to the collective success of the organization.

Perfios has set an ambitious goal of doubling their revenue growth by the close of this financial year as they bolster their presence in MENA and SEA countries and expand to North America and Europe. With the recent fundraise of $229 Million from Kedaara Capital, Perfios plans to fuel their global expansion and invest in new age technology to enhance its comprehensive stack of decision analytics SaaS products to solve the end-to-end customer journey across the BFSI sector. It continues to lead innovation within the B2B SaaS Fintech industry and looks forward to sustained growth with its dedicated and motivated team. 

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