Latest news about Zaggle Prepaid Ocean Services
Zaggle Prepaid Ocean Services
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More news about Zaggle Prepaid Ocean Services
14May 26
Zaggle Appoints Venkatesh Ramachandran as Group CFO Effective May 18, 2026
Zaggle Prepaid Ocean Services' Board approved the appointment of Venkatesh Ramachandran as Group CFO effective May 18, 2026, on the recommendation of the Nomination and Remuneration and Audit Committees. Rajesh Tummalaganti, who served as Interim CFO, will cease in that role on May 17, 2026, but continues as Deputy CFO. Ramachandran brings over 27 years of experience spanning pharmaceuticals, logistics, IT services, and infrastructure, having previously served as CFO at Biological E. Limited, among other senior roles.
14May 26
Zaggle Prepaid Ocean Services Appoints R Y M AND CO LLP as Internal Auditor for FY 2026-27
Zaggle Prepaid Ocean Services Limited appointed M/s. R Y M AND CO LLP, Chartered Accountants, as its Internal Auditor for FY 2026-27, with the Board approving the decision on May 13, 2026. The Hyderabad-based firm offers services spanning taxation, audit, business consultancy, IT, corporate laws, and assurance. The disclosure was made under SEBI (LODR) Regulations, 2015, and communicated to NSE and BSE by Company Secretary Hari Priya.
10May 26
Zaggle Prepaid Ocean Services Amends Customer Service Agreement with Honasa Consumer Limited
Zaggle Prepaid Ocean Services Limited has executed an amendment to its Customer Service Agreement with Honasa Consumer Limited, originally dated February 24, 2025. The amendment, executed on May 08, 2026, expands the scope of the existing arrangement by enabling Zaggle to provide additional features on the Zaggle Zoyer Platform to Honasa Consumer Limited. The disclosure was made to NSE and BSE in compliance with SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. No financial terms or contract value were disclosed in the regulatory filing.
07May 26
Zaggle MD & CEO Avinash Godkhindi Re-appointed for Two-Year Term via Postal Ballot
Zaggle Prepaid Ocean Services Limited announced the re-appointment of Avinash Ramesh Godkhindi as Managing Director and CEO for a two-year term from May 07, 2026, to May 06, 2028, following approval through a postal ballot process. The resolution received 99.9964% votes in favour, with 75,484,848 votes polled. The Scrutinizer's report confirmed the results, which were submitted to the stock exchanges on May 06, 2026.
07May 26
Zaggle Prepaid Ocean Services Inks 3-Year Agreement with The Supreme Industries Limited for Propel Reward Platform
Zaggle Prepaid Ocean Services Limited has entered into a 3-year domestic agreement with The Supreme Industries Limited to provide its Zaggle Propel reward platform for channel rewards and recognition. The disclosure was made on May 06, 2026, pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, and was signed by Managing Director and CEO Avinash Ramesh Godkhindi. The agreement involves no related party transactions and no promoter or group company interest in the awarding entity.
17Apr 26
Zaggle Prepaid Ocean Services Signs 3-Year Agreement with Federal Bank
Zaggle Prepaid Ocean Services Limited has formalized a 3-year domestic agreement with The Federal Bank Limited to provide Zaggle Save employee expense management and benefits solutions. The partnership, disclosed through regulatory filing on April 17, 2026, represents a significant business development that leverages Zaggle's fintech expertise to enhance Federal Bank's employee benefit offerings.
14Apr 26
Zaggle Prepaid Ocean Services Submits Quarterly Compliance Certificate for March 2026
Zaggle Prepaid Ocean Services Limited submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026, confirming that details of securities dematerialized and rematerialized during the period have been properly furnished to stock exchanges. The certificate was issued by KFin Technologies Limited, the company's registrar, and submitted to NSE and BSE on April 14, 2026, fulfilling mandatory regulatory requirements.
13Apr 26
Zaggle Prepaid Ocean Services Enters Agreement With Generali Central Insurance
Zaggle Prepaid Ocean Services has signed a strategic 2-year agreement with Generali Central Insurance Company Limited to provide Zaggle Zoyer Platform services. The domestic contract represents significant business expansion for Zaggle's platform services division and involves no related party transactions, ensuring arms-length commercial terms.
05Apr 26
Zaggle Publishes Postal Ballot Notice in Newspapers for CEO Re-appointment
Zaggle Prepaid Ocean Services Limited has published its postal ballot notice in newspapers as required under SEBI regulations, seeking shareholder approval for the re-appointment of Managing Director and CEO Avinash Ramesh Godkhindi. The e-voting process runs from April 05 to May 04, 2026, with results to be declared by May 06, 2026.
04Apr 26
Zaggle Prepaid Ocean Services Completes Postal Ballot for ESOP Scheme Extension
Zaggle Prepaid Ocean Services successfully completed its postal ballot process on April 01, 2026, securing 89.51% shareholder approval for extending Employee Stock Option Scheme 2022 benefits to subsidiary and associate company employees. The company submitted official voting results and scrutinizer's report to stock exchanges on April 03, 2026, confirming regulatory compliance and transparent voting process.
04Apr 26
Zaggle Prepaid Ocean Services Announces CFO Resignation and Interim Appointment
Zaggle Prepaid Ocean Services Limited has announced key leadership changes following a board meeting on April 03, 2026. CFO Venkata Aditya Kumar Grandhi resigned citing personal reasons, with Rajesh Tummalaganti appointed as Interim CFO. The company has ensured regulatory compliance and operational continuity during this transition.
03Apr 26
Zaggle Prepaid Ocean Services Decides Not to Proceed with Effiasoft Private Limited Acquisition
Zaggle Prepaid Ocean Services Limited has decided not to proceed with the proposed acquisition of a 51% stake in Effiasoft Private Limited. The Board of Directors made this decision on April 3, 2026, after reassessing the strategic need for the transaction. The company had initially communicated about the proposed acquisition on March 27, 2025, but has now concluded that the deal no longer aligns with its strategic objectives.
02Apr 26
Zaggle Prepaid Ocean Services Invests ₹50 Crore In Rivpe Tech For Fintech Expansion
Zaggle Prepaid Ocean Services has invested ₹49.99 crores in its wholly-owned subsidiary Rivpe Technology Private Limited through a rights issue of 3.42 lakh equity shares. This strategic investment is aimed at expanding the company's fintech business operations while maintaining complete control over the subsidiary's direction and operations.
01Apr 26
Zaggle Prepaid Ocean Services Presents Comprehensive AI Strategy for April 2026
Zaggle Prepaid Ocean Services Limited has presented its comprehensive AI strategy for April 2026, featuring a dual-engine approach combining internal efficiency improvements with customer-facing AI solutions. The company has already achieved significant results including 25% tech workforce reduction and accelerated product development from 9-12 months to 3-6 months. With 97% revenue from spend-based transactions and AI implementations across Save, Zoyer, and Propel product lines, Zaggle is positioning itself as a market leader in AI-driven spend management solutions.
01Apr 26
Zaggle Prepaid Ocean Services Projects 25-30% Standalone Growth and 40% Consolidated Growth for FY27
Zaggle Prepaid Ocean Services Limited has announced revenue guidance for FY27, projecting 25-30% standalone growth and around 40% consolidated growth. The company's strategic focus includes optimizing working capital cycles, driving revenue through new customer acquisition and cross-selling, and expanding margins through operating leverage and AI-driven efficiency. With over 50 million prepaid cards issued and 3.7 million users served, Zaggle maintains a strong market position in the spend management sector.
01Apr 26
Zaggle Signs 5-Year Deal With Fanuc India For Employee Expense Management Solutions
Zaggle Prepaid Ocean Services Limited has entered into a comprehensive 5-year strategic partnership with Fanuc India Private Limited to deliver employee expense management and benefits solutions via its flagship Zaggle Save platform. The domestic agreement, disclosed in compliance with SEBI regulations, positions Zaggle to serve a prominent industrial automation company while providing revenue visibility and demonstrating client confidence in the company's technology capabilities.
31Mar 26
Zaggle Prepaid Ocean Services Completes 100% Acquisition of Rivpe Technology Private Limited
Zaggle Prepaid Ocean Services Limited has completed the acquisition of 100% equity stake in Rivpe Technology Private Limited, comprising 67,813 equity shares of Rs. 10 face value each, effective March 30, 2026. The transaction makes RTPL a wholly owned subsidiary and Omnicash Fintech Private Limited a step-down subsidiary. The company continues to acquire Compulsory Convertible Preference Shares as per the December 05, 2025 Share Purchase Agreement.
31Mar 26
Zaggle Prepaid Ocean Services Receives ESG Recognition from Dun & Bradstreet
Zaggle Prepaid Ocean Services Limited has been recognized as one of 'India's Leading ESG Entities' by Dun & Bradstreet in their 'ESG Horizons: Now and Next 2026' report released on March 13, 2026. The company informed stock exchanges about this achievement on March 30, 2026, under regulatory compliance requirements. This recognition highlights Zaggle's commitment to environmental, social, and governance practices, positioning it among India's leading sustainable business entities.
27Mar 26
Zaggle Prepaid Ocean Services Receives Income Tax Demand Notice of Rs. 6.61 Crore for Assessment Year 2024-25
Zaggle Prepaid Ocean Services Limited received an income tax demand notice of Rs. 6,60,51,200 for assessment year 2024-25 under Section 156 of the Income Tax Act 1961. The company plans to file an appeal against the demand, which stems from ad-hoc additions made during assessment. Management expects no material impact on operations and expresses confidence in achieving a favorable outcome through the appeals process.
10Mar 26
Zaggle Prepaid Ocean: Signs 3-Year Deal With CNH Industrial India For Propel Rewards Platform
Zaggle Prepaid Ocean Services Limited has entered into a strategic 3-year business agreement with CNH Industrial (India) Private Limited to provide its Zaggle Propel reward platform services. The domestic contract focuses on enhancing employee and partner engagement initiatives while operating under standard commercial terms with no related party implications, strengthening Zaggle's position in the corporate rewards sector.
05Mar 26
Zaggle PrePaid Ocean Services Signs 3-Year Deal With Blue Star Limited For Employee Expense Management Services
Zaggle PrePaid Ocean Services Limited has entered into a 3-year strategic partnership with Blue Star Limited to provide employee expense management and benefits services through its Zaggle Save platform. The domestic agreement strengthens Zaggle's corporate services portfolio while maintaining full regulatory compliance with no related party transaction implications.
05Mar 26
CARE Ratings Reaffirms Zaggle's Credit Rating at A- with Stable Outlook
CARE Ratings Limited reaffirmed Zaggle Prepaid Ocean Services Limited's credit rating at CARE A-; Stable for ₹100.00 crore long-term bank facilities. The reaffirmation reflects the company's strong market presence in digital expense management solutions, robust revenue growth from ₹775.60 crore in FY24 to ₹1,302.65 crore in FY25, improved financial metrics with overall gearing of 0.01x and interest coverage ratio of 15.09x, and diverse customer base of over 3,700 corporate clients across multiple industry segments.
02Mar 26
Zaggle Prepaid Ocean Services Announces Postal Ballot for ESOP Extension to Subsidiary Employees
Zaggle Prepaid Ocean Services Limited has issued a postal ballot notice seeking shareholder approval for extending Employee Stock Option Scheme 2022 benefits to subsidiary and associate company employees. The e-voting period runs from March 3-April 1, 2026, with results by April 3, 2026. The scheme has 46,10,936 total approved options with 33,03,450 already granted, featuring 40% time-based and 60% performance-linked vesting over 48 months maximum.
27Feb 26
Zaggle Prepaid Ocean Signs Agreement With Superking Ventures For Expense Card Solutions
Zaggle Prepaid Ocean Services Limited has entered into a client contract with Superking Ventures Private Limited to provide corporate expense card services. The one-year domestic agreement follows standard commercial terms with no related party implications and represents a business expansion for Zaggle's corporate expense management solutions.
26Feb 26
Zaggle Prepaid Ocean Services Signs 5-Year Deal With Saurashtra Cement Limited
Zaggle Prepaid Ocean Services Limited has entered into a comprehensive 5-year domestic agreement with Saurashtra Cement Limited to deliver employee expense management and benefits solutions via its Zaggle Save platform. The partnership represents significant business expansion for the fintech provider while ensuring full SEBI compliance and corporate governance standards.
26Feb 26
Zaggle Prepaid Ocean Services Partners with Chennai Super Kings for Corporate Expense Cards
Zaggle Prepaid Ocean Services Limited has signed a one-year agreement with Chennai Super Kings Cricket Limited to provide corporate expense cards to the cricket team's employees and associates. The domestic client contract, announced on February 26, 2026, involves offering Zaggle's Corporate Expense card services and represents the company's expansion into the sports industry segment. The partnership maintains full regulatory compliance with no related party transactions or promoter group interests involved.
26Feb 26
Zaggle Establishes Wholly Owned Subsidiary in GIFT City Under Regulation 30
Zaggle Prepaid Ocean Services Limited has successfully established a wholly owned subsidiary, Zaggle Payments IFSC Limited, in GIFT City, Gujarat. The company formally notified stock exchanges on February 26, 2026, pursuant to Regulation 30, with the Certificate of Incorporation received from Ministry of Corporate Affairs on February 25, 2026.
25Feb 26
RAN Ventures Private Limited Acquires 30,000 Equity Shares of Zaggle Prepaid Ocean Services Limited
RAN Ventures Private Limited, a promoter group entity of Zaggle Prepaid Ocean Services Limited, acquired 30,000 equity shares through open market purchases on February 20 and 23, 2026. The transaction increased RAN Ventures' shareholding from 44.13% to 44.15%, representing a marginal increase of 0.02%. The company has filed mandatory regulatory disclosures with BSE and NSE under SEBI takeover regulations.
19Feb 26
Zaggle Prepaid Ocean Services Reports Record Q3 FY26 Performance with 48% Revenue Growth
Zaggle Prepaid Ocean Services reported record Q3 FY26 results with revenue of INR 498 crores (48% YoY growth), adjusted EBITDA of INR 51 crores (63% YoY growth), and PAT of INR 36 crores (78% YoY growth). Nine-month performance showed revenues of INR 1,260 crores with 41% growth and PAT of INR 95 crores with 71% growth. The company completed acquisition of Rio.money (rebranded as ZAG.money) and demonstrated significant AI integration progress, reducing development cycles from 75+ days to under 30 days. Management confirmed working capital breakeven expectations for FY26 and positive operating cash flow for FY27.
12Feb 26
Zaggle Prepaid Ocean Services Wins Dual Recognition at Bharat Fintech Summit 2026
Zaggle Prepaid Ocean Services Limited secured dual recognition at Bharat Fintech Summit 2026, winning 1st Runner Up for Fintech Company of the Year and 2nd Runner Up for Best Payment Fintech. The company announced these achievements through regulatory filing on February 12, 2026, demonstrating compliance with SEBI disclosure requirements and highlighting its strong position in India's competitive fintech landscape.
12Feb 26
Zaggle Grants 1,27,623 Stock Options to Employees Under ESOP 2022 Scheme
Zaggle Prepaid Ocean Services Limited granted 1,27,623 stock options to eligible employees under ESOP 2022 scheme on February 12, 2026. The options carry an exercise price of ₹223 per option, offering a 25% discount to market price, with each option convertible to one equity share of ₹1 face value. The scheme provides a ten-year exercise window from vesting and complies with SEBI regulations for employee stock option schemes.
12Feb 26
Zaggle Prepaid Ocean Services Signs One-Year Agreement with Rebel Foods Private Limited
Zaggle Prepaid Ocean Services Limited has signed a one-year agreement with Rebel Foods Private Limited to provide Zaggle Zoyer Platform services. The domestic agreement, announced on February 12, 2026, does not involve related party transactions or promoter group interests, representing a standard commercial arrangement between the fintech company and Rebel Foods.
10Feb 26
Zaggle Prepaid Ocean Services Signs 3-Year Agreement with Hindware Limited for Propel Reward Platform
Zaggle Prepaid Ocean Services Limited has executed a 3-year agreement with Hindware Limited to provide its Zaggle Propel reward platform services. The domestic contract, announced on February 10, 2026, represents a strategic business development with no related party transaction implications. The agreement ensures arms-length commercial terms and positions Zaggle for expanded market presence in reward platform solutions.
10Feb 26
Zaggle Prepaid Ocean Services Partners with Euronet for Co-Branded Corporate Prepaid Card Solutions
Zaggle Prepaid Ocean Services Limited has formed a strategic 5-year partnership with Euronet Services India Private Limited to launch co-branded prepaid card solutions for corporate clients. The collaboration integrates with Zaggle's spend management platform to provide enhanced control, real-time visibility, and automated expense management. This partnership will help Zaggle scale its SaaS offering and expand its market reach in the prepaid cards segment.
03Feb 26
Zaggle Executes Formal Agreement With Dr Batra's Health Clinic Under Regulation 30
Zaggle Prepaid Ocean Services Limited has formally executed an agreement with Dr Batra's Positive Health Clinic Private Limited under SEBI Regulation 30 compliance. The domestic partnership involves provision of Zaggle Zoyer Platform services and strengthens the company's healthcare sector presence with flexible termination terms.
30Jan 26
Zaggle Prepaid Ocean Services: Signs Deal With Aye Finance
Zaggle Prepaid Ocean Services Limited has entered into a strategic partnership with Aye Finance Limited to expand its Employee Purchase Programme services. The agreement enables Zaggle to provide mobile phone procurement and leasing facilities to Aye Finance employees through its established platform. The deal represents an arms-length commercial transaction with no related party involvement and demonstrates Zaggle's continued expansion in corporate employee benefit services.
23Jan 26
Zaggle's Statutory Auditor M S K A & Associates Converts to LLP Structure
Zaggle Prepaid Ocean Services Limited announced that its statutory auditor M S K A & Associates has converted from a partnership firm to M S K A & Associates LLP effective January 12, 2026, under the Limited Liability Partnership Act, 2008. The firm now operates with ICAI Registration Number 105047W/W101187, and the company clarified that this conversion does not constitute auditor resignation or new appointment, ensuring continuity of audit services for the remaining approved tenure.
23Jan 26
Zaggle Prepaid Ocean Services Secures 2-Year Agreement with Honda India Power Products Limited
Zaggle Prepaid Ocean Services Limited has secured a 2-year agreement with Honda India Power Products Limited to provide employee expense management and benefits solutions through its Zaggle Save platform. The domestic partnership, announced on January 23, 2026, involves no related party transactions and represents a strategic expansion of Zaggle's corporate client base in the fintech sector.
23Jan 26
Zaggle Prepaid Ocean Services Partners with HDFC Ergo General Insurance in 3-Year Propul Platform Deal
Zaggle Prepaid Ocean Services has announced a 3-year partnership agreement with HDFC Ergo General Insurance for its Propul reward platform. The strategic collaboration expands Zaggle's presence in the insurance sector while providing HDFC Ergo access to specialized reward management technology. The company has confirmed that no related party transactions are involved in this agreement, ensuring transparency and compliance in the business arrangement.
23Jan 26
Zaggle Prepaid Ocean Services Signs 5-Year Fleet Program Agreement with IRM Energy Limited
Zaggle Prepaid Ocean Services Limited has executed a 5-year domestic agreement with IRM Energy Limited to provide Fleet Program services. The agreement, disclosed on January 23, 2026, under Regulation 30, does not involve related party transactions and represents Zaggle's strategic expansion in fleet management services across diverse industry sectors.
20Jan 26
Zaggle Prepaid Ocean Services Signs 10-Year Agreement with Forever New Apparels for Employee Mobile Phone Leasing
Zaggle Prepaid Ocean Services Limited has entered into a 10-year agreement with Forever New Apparels Private Limited to provide mobile phone procurement and leasing services under its Employee Purchase Programme. The domestic agreement, announced on January 20, 2026, allows Zaggle to facilitate mobile phone access for Forever New Apparels' employees through its technology platform. The company confirmed this is not a related party transaction and represents a strategic expansion of its employee benefit services portfolio.
14Jan 26
Zaggle Prepaid Ocean Services Forms Strategic Deal With Jio Credit Limited
Zaggle Prepaid Ocean Services has formed a strategic partnership with Jio Credit Limited through a one-year referral agreement focused on device leasing services for corporate clients. The domestic partnership allows Zaggle to connect its corporate customer base with Jio Credit's leasing solutions, expanding beyond its core prepaid and expense management services while ensuring arm's length transaction compliance.
08Jan 26
Zaggle Prepaid Ocean Services Signs Amendment Agreement With AGP City Gas
Zaggle Prepaid Ocean Services has signed an amendment agreement with AGP City Gas on January 7, 2026. This business development represents a significant corporate milestone for the IT software company and demonstrates continued partnership expansion efforts.
08Jan 26
Zaggle Prepaid Ocean Services Enters Strategic Agreement with Cubastion Consulting Private Limited
Zaggle Prepaid Ocean Services has entered into a strategic agreement with Cubastion Consulting Private Limited. While specific details of the partnership terms remain undisclosed, this development represents a business expansion initiative for the fintech company and demonstrates its continued focus on building strategic business relationships.
07Jan 26
Zaggle Prepaid Ocean Services Announces Partnership Deal with Cubastion Consulting Private Limited
Zaggle Prepaid Ocean Services has entered into a partnership deal with Cubastion Consulting Private Limited, marking a new business collaboration for the fintech company. While specific deal terms remain undisclosed, this partnership represents part of Zaggle's ongoing business development strategy to expand its network and strengthen its position in the prepaid services and financial technology sector.
01Jan 26
Zaggle signs 7-year pact with Visa to launch co-branded prepaid cards
Zaggle Prepaid Ocean Services has executed a strategic seven-year agreement with Visa Worldwide Pte Ltd to launch co-branded domestic prepaid cards on the Visa network. This partnership, announced on December 31, complements the company's recent five-year Mastercard agreement for credit card solutions, demonstrating Zaggle's strategy to diversify its payment offerings across major network platforms.
31Dec 25
Zaggle Prepaid Announces Visa Partnership for Co-Branded Domestic Prepaid Cards
Zaggle Prepaid Ocean Services has announced that Visa will encourage the launch of co-branded domestic prepaid cards on the Visa network, marking an expansion of their strategic partnership. This development focuses on domestic prepaid card solutions and represents the evolution of their collaboration from a general strategic alliance to specific product initiatives in the fintech sector.
31Dec 25
Zaggle Prepaid Ocean Services Partners with Visa for Co-branded Domestic Prepaid Cards
Zaggle Prepaid Ocean Services Limited has executed a 7-year growth agreement with Visa Worldwide Pte. Ltd to launch and promote co-branded domestic prepaid cards on the Visa network. The partnership, announced on December 31, 2025, involves Visa incentivizing Zaggle's card development efforts. The agreement represents a strategic collaboration to expand Zaggle's prepaid card offerings in the domestic market through Visa's global payment infrastructure.
16Dec 25
Zaggle Approves New Subsidiary in GIFT City
Zaggle Prepaid Ocean Services Limited has approved the incorporation of a wholly owned subsidiary, Zaggle Payments IFSC Limited, in Gujarat International Finance Tec-City (GIFT City). The new subsidiary will have an authorized capital of ₹15.00 lakh, consisting of 1,50,000 shares at ₹10 each. Operating as a SaaS fintech company, it will provide spend management solutions to corporates. The incorporation is subject to approvals from IFSCA, Ministry of Corporate Affairs, and other regulatory bodies.
16Dec 25
Zaggle Completes ₹59.99 Crore Warrant Allotment to Strategic Investors
Zaggle Prepaid Ocean Services has successfully completed its warrant allotment process, issuing 10,58,201 warrants to RAN Ventures Private Limited and Bennett Coleman and Company Limited. The company received ₹15 crore as initial payment, representing 25% of the total ₹59.99 crore fundraising target, with the balance due within 18 months for conversion to equity shares.
16Dec 25
Zaggle Prepaid Ocean Services Partners With Bennett Coleman For Advertising
Zaggle Prepaid Ocean Services has formed a strategic partnership with Bennett Coleman for advertising its products, services, and brands. The collaboration will allow Zaggle to utilize Bennett Coleman's advertising platforms and media network to enhance its brand visibility and market presence. This comprehensive marketing approach aims to strengthen Zaggle's market positioning in the fintech and prepaid services sector.
15Dec 25
Zaggle Signs Dual Agreement with Bennett Coleman for Warrants and Advertisement
Zaggle Prepaid Ocean Services has entered into comprehensive dual agreements with Bennett Coleman and Company Limited, combining a warrant subscription agreement worth ₹39.99 crores for 7,05,467 warrants at ₹567 per warrant with an advertisement agreement for marketing Zaggle's products and services through BCCL's media platforms.
10Dec 25
Zaggle Partners with Mastercard Asia/Pacific in Five-Year Credit Card Services Deal
Zaggle Prepaid Ocean Services has signed a five-year partnership agreement with Mastercard Asia/Pacific to provide Mastercard credit cards and related services to customers. The strategic collaboration expands Zaggle's financial services portfolio beyond prepaid solutions, leveraging Mastercard's payment network infrastructure across the Asia/Pacific region. This partnership positions the company to offer comprehensive payment solutions and access to Mastercard's global acceptance network.
20Nov 25
Zaggle Prepaid Ocean Services Forges Strategic Partnership with Biba Fashion Limited
Zaggle Prepaid Ocean Services, a leader in prepaid services, has entered into a partnership agreement with Biba Fashion Limited, a prominent Indian fashion retailer. This collaboration aims to merge fintech solutions with fashion retail, potentially enhancing customer experience and streamlining payment processes. Additionally, Zaggle has been recognized among the Top 10 of DGEMS 2025 by Forbes India in partnership with D Globalist, highlighting its growing prominence in the fintech sector.
18Nov 25
Zaggle Reports Record Q2 Performance with 42% Revenue Growth, Expands Retail Credit Card Business
Zaggle Prepaid Ocean Services Limited achieved its best-ever quarterly performance in Q2 FY26. Revenue increased 42% YoY to INR 431.00 crores, while PAT grew 79% to INR 33.00 crores. The company entered a retail co-branded credit card partnership with AU Bank, projecting INR 500-600 crores revenue over 4-5 years. Zaggle expanded into fleet management solutions, signing agreements with Adani Total Gas and Megha Gas. New product launches include the Zaggle GlobalPay FOREX Card and a prepaid card with Mastercard and NSDL. The company onboarded new clients and raised its revenue growth guidance to 40-45% for the current fiscal year.
12Nov 25
Zaggle Prepaid Ocean Services Allots 1.98 Lakh Equity Shares Under ESOP, Reports Strong Q2 Performance
Zaggle Prepaid Ocean Services Limited has reported its highest-ever quarterly performance for Q2, with revenue from operations increasing 42.40% YoY to INR 4,309.80 million. The company's profit after tax grew by 79.10% to INR 332.40 million. Zaggle also announced the allotment of 197,945 equity shares under its employee stock option scheme, increasing its paid-up equity share capital to INR 13,44,51,967. The company has upgraded its revenue growth guidance to 40-45% while maintaining EBITDA guidance at 10-11%. Zaggle has launched new products, entered the retail card segment, and expanded its banking partner network.
11Nov 25
Zaggle Prepaid Ocean Services Reports Record Q2 FY26 Performance, Sets Growth Targets
Zaggle Prepaid Ocean Services Limited announced its highest-ever quarterly and half-yearly results for Q2 and H1 FY26. Q2 saw revenue from operations increase 42.40% YoY to ₹4,309.80 crore, with PAT surging 79.10% to ₹332.40 crore. H1 results showed revenue growth of 37.40% YoY to ₹7,624.70 crore. The company expanded its product portfolio, entered the retail card segment, and added new banking partnerships. Zaggle upgraded its revenue growth guidance to 40-45% while maintaining EBITDA guidance at 10-11%.
11Nov 25
Zaggle Prepaid Ocean Services Reports 79% Surge in Q2 Profit, Expands into Retail Cards
Zaggle Prepaid Ocean Services Limited reported robust Q2 FY26 results, with revenue from operations increasing 42.4% YoY to ₹4,309.80 million. Profit After Tax surged 79.1% to ₹332.40 million. The company launched new products including Zaggle GlobalPay Forex Card and partnered with AU Small Finance Bank to enter the retail card segment. Zaggle expanded its banking partnerships and diversified payment methods. The Board approved issuing convertible warrants worth ₹600 million. Management upgraded revenue growth guidance to 40-45% while maintaining EBITDA guidance at 10-11%.
05Nov 25
Zaggle Prepaid Ocean Services Announces Q2 & H1 FY26 Earnings Call
Zaggle Prepaid Ocean Services Limited, a fintech company, will hold an earnings conference call on November 11, 2025, at 5:30 PM IST to discuss its Q2 and H1 FY26 financial results for the period ended September 30, 2025. Key executives participating include Dr. Raj P Narayanam (Founder & Executive Chairman), Mr. Avinash Ramesh Godkhindi (Managing Director & CEO), and Mr. Venkata Aditya Kumar Grandhi (CFO). The call offers multiple participation options, including pre-registration and various dial-in numbers for domestic and international participants.
04Nov 25
Zaggle Prepaid Ocean Services Inks 36-Month Deal with V-Mart Retail for Zoyer Platform
Zaggle Prepaid Ocean Services Ltd has signed a 36-month agreement with V-Mart Retail Ltd for its Zaggle Zoyer platform. The domestic agreement is not a related party transaction and aims to enhance V-Mart's operational efficiency. This partnership marks Zaggle's expansion in the retail sector, potentially leading to a stable revenue stream over the next three years. Financial terms were not disclosed.
03Nov 25
Zaggle Prepaid Ocean Services Shareholders Approve Convertible Warrants Issuance
Zaggle Prepaid Ocean Services Limited held an EGM on October 31, 2025, where shareholders overwhelmingly approved the issuance of convertible warrants on a preferential basis. The special resolution passed with 99.99% votes in favor, with 90,420,647 votes supporting the move. Out of 117,505 total shareholders, 48 attended the video conference meeting. The voting process included remote e-voting and e-voting during the meeting. Across all shareholder categories, the approval rate was consistently high, with 100% support from the Promoter Group and Institutional Investors.
01Nov 25
Zaggle Inks 3-Year Deal with Hitachi Cash Management for Zaggle Propel Service
Zaggle Prepaid Ocean Services Limited has entered into a three-year services agreement with Hitachi Cash Management Services Private Limited. Zaggle will provide its Zaggle Propel service to Hitachi, marking a significant expansion of Zaggle's client base in the cash management sector. The deal, signed by Zaggle's CEO Avinash Ramesh Godkhindi, is not a related party transaction and involves no interest from promoters or group companies.
31Oct 25
Zaggle Prepaid Ocean Services Holds EGM for Rs. 59.99 Crore Fundraising Through Convertible Warrants
Zaggle Prepaid Ocean Services Limited conducted an Extraordinary General Meeting on October 31, 2025, to discuss the issuance of convertible warrants for raising up to Rs. 59.99 crores. The funds are intended for brand building, marketing initiatives, working capital requirements, and general corporate purposes. The EGM, held via video conferencing, was attended by 48 members and chaired by Dr. Raj P Narayanam. The meeting included a voting process with remote e-voting and during-EGM electronic voting facilities. The resolution for issuing convertible warrants on a preferential basis was presented as a special resolution.
30Oct 25
Zaggle Prepaid Ocean Services Secures ₹9.84 Crore Contract from General Insurance Corporation
Zaggle Prepaid Ocean Services Limited has won a ₹9.84 crore contract from the General Insurance Corporation of India (GIC) for employee expense management services. The three-year contract, running from November 5, 2025, to November 5, 2028, involves providing Zaggle Save services. Zaggle secured the deal as the lowest bidder, demonstrating its competitiveness in the sector. The company has disclosed this development to stock exchanges, confirming it's not a related party transaction.
28Oct 25
Zaggle Prepaid Ocean Services Inks Strategic Partnership with Birlasoft Limited
Zaggle Prepaid Ocean Services Limited has entered into a one-year service agreement with Birlasoft Limited to provide its 'Zaggle Save' solution for employee expense management and benefits. The domestic contract highlights Zaggle's expansion in corporate fintech solutions. The partnership is not a related party transaction, and Zaggle's promoter group has no interest in Birlasoft.
22Oct 25
Zaggle Prepaid Ocean Services Inks 5-Year Fleet Program Deal with Megha City Gas Distribution
Zaggle Prepaid Ocean Services Limited has entered into a 5-year strategic agreement with Megha City Gas Distribution Private Limited to provide its Zaggle Fleet Program services. The domestic agreement is not a related party transaction and involves no promoter group interest. This move signifies Zaggle's expansion in the fleet management sector and corporate services market.
16Oct 25
Zaggle Enhances Partnership with BOBCARD, Secures Additional Commission Structure
Zaggle Prepaid Ocean Services Limited has amended its agreement with BOBCARD Limited, introducing an additional commission structure based on a percentage of spends for BOBCARD's Commercial Cards integrated with Zaggle's Spend Management platform. This amendment, effective from October 15, 2025, builds upon their original agreement from October 5, 2023, potentially boosting Zaggle's revenue in the commercial card sector. The company has disclosed this development to the National Stock Exchange of India Limited and BSE Limited.
10Oct 25
Zaggle and GlobalPay Launch Co-Branded Forex Card for Corporate Travel
Zaggle Prepaid Ocean Services has partnered with WSFx Global Pay to introduce a co-branded Forex Card in India. The card combines Zaggle's expense management solutions with GlobalPay's forex expertise, offering features like airport lounge access, real-time expense tracking, and automated approvals. It leverages Zaggle's network of over 3,500 corporate clients and aims to streamline international travel expenses and corporate spend management for businesses.
06Oct 25
Zaggle Prepaid Ocean Services Inks Agreement with SMC Global Securities for Employee Benefits Solutions
Zaggle Prepaid Ocean Services Limited has formed a strategic partnership with SMC Global Securities Limited to provide employee expense management and benefits solutions. The agreement, starting October 6, 2025, focuses on two key propositions: Zaggle Zoyer and Zaggle Save. This open-ended partnership is domestic in nature and not a related party transaction. The collaboration aims to enhance SMC Global Securities' employee expense management systems and potentially streamline processes.
29Sept 25
Zaggle to Acquire Greenedge Enterprises for ₹25 Crore, Bolstering Loyalty and Rewards Offerings
Zaggle Prepaid Ocean Services is set to acquire Greenedge Enterprises Private Limited for up to ₹25 crore, aiming to strengthen its position in the loyalty and rewards segment. The acquisition includes 100% of Greenedge's equity shares and an additional investment of up to ₹25 crore. Greenedge specializes in golf-based corporate engagement solutions and has shown significant growth, with turnover increasing from ₹7.28 crore in FY 2021-22 to ₹19.82 crore in FY 2023-24. The deal is expected to enhance Zaggle's 'Propel' offering and its presence in the travel segment.
23Sept 25
Zaggle Inks Strategic Partnership with Mastercard for Co-Branded Prepaid Cards
Zaggle Prepaid Ocean Services Limited has entered into a five-year Customer Business Agreement with Mastercard Asia/Pacific Pte. Ltd. to launch and promote co-branded domestic prepaid cards. The partnership, effective from September 22, 2025, to September 30, 2030, aims to enhance Zaggle's position in the prepaid card market. Mastercard will provide incentives for the launch and promotion of these cards on its network. The agreement involves no related party transactions, and neither the promoter nor promoter group has any interest in Mastercard.
22Sept 25
Zaggle Prepaid Ocean Services Inks 3-Year Deal with AU Small Finance Bank for Co-Branded Credit Cards
Zaggle Prepaid Ocean Services Limited and AU Small Finance Bank Limited have entered a three-year strategic partnership to launch co-branded credit cards. The collaboration will introduce a retail credit card with personalized recommendations and TPAP integration, and a commercial card powered by Zaggle Zatix analytics. Zaggle aims to leverage its corporate client base, while AU Small Finance Bank seeks to expand its credit card offerings. The partnership combines Zaggle's fintech expertise with AU SFB's banking infrastructure, potentially strengthening both companies' market positions.
11Sept 25
Zaggle Expands Partnership with Blink Commerce, Enhances Zoyer Platform
Zaggle Prepaid Ocean Services, a fintech company, has expanded its partnership with Blink Commerce Private Limited. The company also plans to introduce new features to its Zaggle Zoyer platform, which is designed for business spend management. While specific details were not disclosed, these developments are expected to strengthen Zaggle's position in the digital payments and corporate expense management sector, potentially expanding its market reach and enhancing its service offerings.
05Sept 25
Zaggle Prepaid Ocean Services Expands Partnerships: Signs Agreements with Pernod Ricard India and Blink Commerce
Zaggle Prepaid Ocean Services Limited has signed two significant agreements. A 3-year contract with Pernod Ricard India Private Limited for its Propel Reward Platform, and a 2-year master agreement with Blink Commerce Private Limited for the Zoyer Solution. Both are domestic contracts executed at arm's length, with no related party transactions or interests from Zaggle's promoter groups. These partnerships aim to expand Zaggle's presence in the rewards and loyalty sector.
05Sept 25
Zaggle Prepaid Ocean Services Reports 113% Revenue Surge in Q1
Zaggle Prepaid Ocean Services achieved 113% year-on-year revenue growth, reaching Rs. 252.20 crores in Q1. Adjusted EBITDA increased by 85% to Rs. 25.50 crores. The company added 100 new clients and maintains its 45-55% revenue growth guidance for FY25. Zoyer, Zaggle's accounts payable solution, contributed 40% of program fees. The company is exploring acquisition opportunities and US market entry. Employee count increased from 303 to over 360 during the quarter.
01Sept 25
Zaggle Prepaid Ocean Services Inks Deal with Suryoday Small Finance Bank for Employee Expense Management
Zaggle Prepaid Ocean Services Limited has entered a two-year agreement with Suryoday Small Finance Bank Limited to provide its 'Zaggle Save' solution for employee expense management and benefits. The partnership aims to streamline and optimize the bank's internal financial operations related to employee expenditures. This domestic contract is not a related party transaction.
27Aug 25
Zaggle Prepaid Ocean Services Inks 5-Year Referral Agreement with Standard Chartered Bank
Zaggle Prepaid Ocean Services Limited has formed a strategic partnership with Standard Chartered Bank through a 5-year referral agreement. Zaggle will provide its prepaid payment instruments platform to corporate customers referred by Standard Chartered Bank in the Indian market. This collaboration aims to expand Zaggle's corporate customer base and enhance its presence in the prepaid payments sector. The agreement complies with regulatory requirements and does not involve promoter group interests or related party transactions.
18Aug 25
Zaggle Prepaid Ocean Services Reports 56% Jump in Quarterly Net Profit
Zaggle Prepaid Ocean Services announced a significant increase in its financial performance for the latest quarter. The company's consolidated net profit rose by 56% to ₹261.00 million, up from ₹167.34 million in the same quarter last year. EBITDA grew by 36% to ₹305.00 million, with the EBITDA margin expanding to 9.19% from 8.88%. These results demonstrate Zaggle's strong market position and effective business strategies in the prepaid and corporate services sector.
14Aug 25
Zaggle Challenges Telangana Government's T-Wallet Tender Award in High Court
Zaggle Prepaid Ocean Services Limited has filed a writ petition in the Hyderabad High Court against the Telangana government's IT department over a T-Wallet implementation tender award. The company alleges irregularities in the tender process, including eligibility criteria violations, arbitrary evaluation, and pricing concerns. Zaggle claims the award to Purview India Consulting and Services LLP breaches tender conditions and constitutional principles. Despite this legal challenge, Zaggle reported strong Q1 FY26 results with revenue up 31.40% and PAT up 54.80% year-over-year.
14Aug 25
Zaggle Prepaid Ocean Services Reports Strong Q1 FY26 Results, Announces Board Decisions
Zaggle Prepaid Ocean Services Limited announced robust Q1 FY26 results with revenue from operations reaching ₹3,314.89 crore, up 31.4% YoY. PAT increased by 54.8% to ₹258.75 crore, while Adjusted EBITDA grew 27.9% to ₹327.20 crore. The company's Board made key decisions including scheduling the 14th AGM, appointing a Secretarial Auditor, re-appointing a Non-Executive Independent Director, and allotting employee stock options. Zaggle maintained its guidance for 35-40% topline growth and 10-11% EBITDA margins for the year.
29Jul 25
Zaggle Prepaid Ocean Services to Acquire Rivpe Technology for ₹220 Million, Expanding into UPI and Consumer Credit Cards
Zaggle Prepaid Ocean Services Limited plans to acquire a 100% stake in Rivpe Technology Private Limited (Rio.Money) for ₹220 million. The acquisition aims to expand Zaggle's product offerings and mark its entry into the consumer credit card market. Rio.Money, incorporated in July 2023, operates in UPI payments and co-branded consumer credit cards. The deal is expected to close within 60-90 days, subject to conditions. This strategic move will add UPI technology expertise and facilitate Zaggle's expansion in the fintech sector.
04Jul 25
Zaggle Prepaid Ocean Services Inks 3-Year Deal with Apollo Health for Employee Expense Management
Zaggle Prepaid Ocean Services has signed a three-year agreement with Apollo Health and Lifestyle Limited to provide employee expense management solutions. The deal includes implementation of Zaggle Zoyer and Zaggle Save propositions, aiming to streamline expense management processes for Apollo Health.
01Jul 25
Zaggle Inks Five-Year Expense Management Deal with DTDC Express
Zaggle Prepaid Ocean Services has entered into a five-year agreement with DTDC Express to provide comprehensive expense management solutions. The partnership aims to streamline and efficiently manage DTDC Express's business expenses. This collaboration represents a significant business opportunity for Zaggle, potentially providing a stable, long-term revenue source and enhancing its market position in the expense management solutions sector.
09Jun 25
Zaggle Prepaid Sets Sights on Banking Sector, Projects ₹55-60 Crore Revenue
Zaggle Prepaid, a fintech company specializing in prepaid solutions, has announced plans to expand into the banking sector as part of its growth and diversification strategy. The company projects revenues of ₹55-60 crore for the upcoming year, indicating confidence in its growth trajectory. While specific details about the banking operations are not disclosed, this move is expected to open new revenue streams for Zaggle Prepaid, complementing its existing prepaid solutions business.
05Jun 25
Zaggle Prepaid Ocean Services to Acquire Greenedge Enterprises for ₹27 Crore
Zaggle Prepaid Ocean Services, a fintech company, has announced plans to acquire a 100% stake in Greenedge Enterprises for ₹27.00 crore. The acquisition aims to expand Zaggle's operations, potentially diversifying its service offerings or market reach. Specific details about Greenedge Enterprises and the strategic rationale behind this acquisition have not been disclosed.
05Jun 25
Zaggle Expands Portfolio with ₹1.23 Billion Acquisition of Dice Enterprises
Zaggle Prepaid Ocean Services, a fintech company, has acquired full ownership of Dice Enterprises for ₹1.23 billion. This acquisition is expected to expand Zaggle's service offerings, enhance its market presence, and potentially provide a competitive edge in the fintech sector. The move demonstrates Zaggle's commitment to growth and strengthening its market position.
19May 25
Zaggle Inks 3-Year Deal with White Oak Investment Management for Expense Solutions
Zaggle Prepaid Ocean Services Limited has entered into a three-year agreement with White Oak Investment Management to provide expense and benefit solutions. This partnership marks a significant step in Zaggle's business expansion efforts in the fintech sector, potentially enhancing its market presence and revenue streams. While specific terms remain undisclosed, the collaboration could open new market segments for Zaggle.
13May 25
Zaggle Prepaid Ocean Services: Strong Q4 FY23 Results and Ambitious FY26 Targets
Zaggle Prepaid Ocean Services announced impressive Q4 FY23 results, with net profit reaching ₹320 million, up 66.67% year-over-year. Revenue grew 46.52% to ₹4,000 million. The company aims for 35-40% revenue growth in FY26 with 10-11% EBITDA margins. Zaggle is pursuing acquisitions and leveraging AI for operational efficiency.
12May 25
Zaggle Prepaid Ocean Services Reports Strong Q4 FY25 Results with 50.5% YoY Revenue Growth
Zaggle Prepaid Ocean Services, a fintech company, announced impressive Q4 FY25 results. Revenue increased by 50.50% YoY to ₹411.00 crore, EBITDA grew by 34.60% to ₹36.00 crore, and net profit surged by 66.80% to ₹32.00 crore. Despite strong overall performance, EBITDA margin slightly decreased to 8.76% due to higher ESOP costs.
08May 25
Zaggle Prepaid Ocean Services Shares Surge 7% on Grant Thornton Agreement
Zaggle Prepaid Ocean Services Limited's stock price increased by over 7% following the announcement of an agreement with Grant Thornton Bharat LLP. The partnership is expected to bring significant value to both entities, potentially enhancing Zaggle's business operations and market position. While specific details of the agreement are not disclosed, the collaboration could involve areas such as financial management, strategic planning, or regulatory compliance.
08May 25
Zaggle Prepaid Ocean Services Forms Strategic Alliance with Grant Thornton Bharat LLP
Zaggle Prepaid Ocean Services has entered into a strategic agreement with Grant Thornton Bharat LLP. While specific details are undisclosed, the partnership could potentially enhance Zaggle's financial management, compliance, risk management, and explore new business opportunities. This collaboration with a renowned professional services firm may strengthen Zaggle's position in the prepaid services market.
30Apr 25
Zaggle Seals One-Year Deal with Aster DM Healthcare for Employee Expense Management
Zaggle Prepaid Ocean Services Limited has signed a one-year agreement with Aster DM Healthcare Limited to provide its 'Zaggle Save' solution for employee expense management and benefits services. This domestic contract represents Zaggle's expansion in the healthcare sector and Aster DM Healthcare's move towards modernized expense management. The partnership highlights the growing trend of digital solutions in corporate finance management across various industries.
16Apr 25
Zaggle Secures NPCI Approval for UPI Integration, Set to Enhance Financial Services
Zaggle Prepaid Ocean Services Limited has obtained approval from the National Payments Corporation of India (NPCI) to operate as a Third-Party Application Provider (TPAP). This approval allows Zaggle to integrate Unified Payments Interface (UPI) functionality across its platforms, enhancing services for over 3 million users. The integration is expected to enable real-time transactions, improve user experience, and streamline financial operations for both individual and enterprise customers.
03Apr 25
Zaggle Prepaid Ocean Services Inks Strategic Partnership with Thomas Cook (India) Ltd
Zaggle Prepaid Ocean Services Limited has formed a two-year partnership with Thomas Cook (India) Ltd to revolutionize corporate travel management. The collaboration aims to integrate Thomas Cook's travel expertise with Zaggle's expense management platform, offering a comprehensive solution for domestic and international markets. This partnership is expected to streamline travel bookings, provide real-time expense tracking, and enhance compliance for businesses.
01Apr 25
Zaggle Prepaid Ocean Services Inks Deal with Truecaller for Employee Expense Management
Zaggle Prepaid Ocean Services Limited has entered into a Master Services Agreement with Truecaller International LLP to provide its 'Zaggle Save' solution for employee expense management and benefits. The one-year domestic contract represents a strategic move for Zaggle, potentially expanding its client base in the corporate sector. The agreement was disclosed in compliance with SEBI regulations, and Zaggle confirmed it is not a related party transaction.
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