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Latest news about Zaggle Prepaid Ocean Services

Zaggle Prepaid Ocean: Signs 3-Year Deal With CNH Industrial India For Propel Rewards Platform Mar 10, 2026

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.

Zaggle PrePaid Ocean Services Signs 3-Year Deal With Blue Star Limited For Employee Expense Management Services Mar 05, 2026

CARE Ratings Reaffirms Zaggle's Credit Rating at A- with Stable Outlook Mar 05, 2026

Zaggle Prepaid Ocean Services Announces Postal Ballot for ESOP Extension to Subsidiary Employees Mar 02, 2026

Zaggle Prepaid Ocean Signs Agreement With Superking Ventures For Expense Card Solutions Feb 27, 2026

More news about Zaggle Prepaid Ocean Services

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.

29Mar 25

Zaggle Prepaid Expands Fintech Services: Partners with Wonder Home Finance

Zaggle Prepaid Ocean Services Limited has formed a strategic partnership with Wonder Home Finance Limited to provide employee expense management and benefits solutions. The 24-month domestic contract includes Zaggle's flagship products, Zaggle Zoyer and Zaggle Save. Additionally, Zaggle has updated its registered office address to a new location in Telangana, India.

28Mar 25

Zaggle Prepaid Ocean Services Surges 5% on Strategic Acquisition Move

Zaggle Prepaid Ocean Services Limited's shares hit the 5% upper circuit for the second consecutive day, reaching ₹361.85, following the announcement of a significant acquisition. The company approved the acquisition of a 45.33% stake in Effiasoft Private Limited for ₹36.72 crore, with plans to potentially increase ownership to 51%. Effiasoft, a Hyderabad-based company, specializes in enterprise software solutions, including point-of-sale systems and inventory management. The acquisition aligns with Zaggle's strategy to enhance its fintech ecosystem, aiming to accelerate product development, improve efficiency, and drive digital transformation. The transaction is expected to be completed within 90 days.

27Mar 25

Zaggle Prepaid Ocean Services Expands Fintech Footprint with Strategic Stake in Mobileware Technologies

Zaggle Prepaid Ocean Services, a SaaS FinTech company, has acquired a 38% stake in Mobileware Technologies for ₹22.85 crore. The acquisition includes a 26% primary stake for ₹15.60 crore and a 12.34% secondary purchase from promoters for ₹7.25 crore. This strategic move aims to enhance Zaggle's technology capabilities, strengthen its market position, and potentially expand its service offerings in the FinTech sector.

06Mar 25

Zaggle Prepaid Ocean Services Partners with Tech Mahindra for Innovative Spend Management Solution

Zaggle Prepaid Ocean Services Limited has formed a strategic partnership with Tech Mahindra Limited to enhance corporate expense management. Tech Mahindra will use Zaggle's Spend Management Dashboard, 'Zatix', for improved visibility on Corporate & Purchase Card spends issued with SBI Cards. The one-year domestic service agreement aims to optimize financial efficiency and transparency for Tech Mahindra, while showcasing Zaggle's fintech capabilities to large enterprises.

28Feb 25

Zaggle Prepaid Ocean Services Inks Deal with PhysicsWallah for Zoyer Platform Integration

Zaggle Prepaid Ocean Services Limited has announced a 24-month strategic partnership with PhysicsWallah Limited. Zaggle will provide its Zoyer platform to PhysicsWallah, aiming to enhance financial technology solutions in educational services. The agreement is classified as a Customer Service Agreement with a domestic entity and does not involve related party transactions.

24Feb 25

Zaggle Prepaid Ocean Inks Agreement with GIFT-City Co Limited

Zaggle Prepaid Ocean Services Limited, a leader in prepaid and corporate cards, has entered into an agreement with GIFT-City Co Limited. While specific details are undisclosed, this partnership with India's first operational smart city and international financial services center could potentially expand Zaggle's operational footprint and strengthen its presence in the fintech space. The market's response and full implications of this strategic move are yet to be determined.

24Feb 25

Zaggle Prepaid Ocean Services Inks Deal with Indus Towers

Zaggle Prepaid Ocean Services, a fintech company, has entered into an agreement with Indus Towers, India's leading telecom infrastructure provider. While specific details are undisclosed, the partnership is expected to create synergies between fintech and telecom sectors. Potential benefits include expanded service offerings, technological integration, increased market reach for Zaggle, and improved operational efficiency for Indus Towers. This collaboration could significantly impact both companies' positions in their respective industries.

21Feb 25

Zaggle Prepaid Ocean Services Inks Deal with Indus Towers for Employee Expense Management

Zaggle Prepaid Ocean Services Limited has entered into a customer service agreement with Indus Towers Limited to provide its 'Zaggle Save' solution for employee expense management and benefits. The agreement, effective from February 15, 2025, is not a related party transaction and will continue until mutually terminated. This partnership with a leading telecom infrastructure provider could significantly enhance Zaggle's presence in the corporate services segment.