Synopsis :- A fintech company in which Ashish Kacholia holds a stake is in focus after entering into a domestic contract with Birlasoft Limited.
A small-cap fintech products company in the spotlight after entering into a one-year domestic services agreement with Birlasoft Limited to implement its Zaggle Save platform.
With the market capitalization of Rs. 4,855.30 crore, the shares of Zaggle Prepaid Ocean Services Limited is trading at Rs. 361.50 down by 0.84 percent from its previous day’s close price of Rs. 364.55 per equity share.
What’s the News?
Zaggle has entered into a one-year domestic services agreement with Birlasoft Limited to implement its Zaggle Save platform, designed for employee expense management and benefits. Under this contract, Zaggle will provide comprehensive services to streamline Birlasoft’s employee reimbursement, expense tracking, and benefit management processes, enhancing overall efficiency and employee experience.
About the Company & Others
Founded in 2011, Zaggle Prepaid Ocean Services Ltd is a leading B2B2C spend management and fintech company, among India’s largest prepaid card issuers with over 50 million cards and 3.39 million users. It also offers SaaS-based tax and payroll solutions to clients across multiple industries.
A return on equity (ROE) of about 9.6 percent, a return on capital employed (ROCE) of about 13 percent and debt to equity ratio at 0.01 demonstrate the company’s financial position. At the moment, the company’s P/E ratio is 50.3x as compared to its industry P/E 34.8x.
Zaggle Prepaid Ocean Services Ltd reported Rs. 332 crore in revenue for the first quarter of FY26, a 31.74 percent increase over the Rs. 252 crore for the same period in FY25. However, it decreased by 19.42 percent as compared to Rs. 412 crore in Q4 FY25.
The consolidated net profit for the first quarter of FY26 was Rs. 26 crore, which was 16.13 percent lower than the Rs. 31 crore reported in the previous quarter and 52.94 percent higher year over year than the Rs. 17 crore in Q1 FY25.
As of September 2025, Ace Investor Ashish Kacholia holds a 2.24 percent stake in the company, consisting of ~30 Lakh equity shares. He made a fresh investment in September, 2023, by acquiring a 1.50 percent stake in the company.
Written by Akshay Sanghavi
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