In the dynamic world of corporate services, a rising star has emerged, showcasing remarkable agility and market versatility. Recent developments highlight the company’s strategic positioning across multiple sectors, demonstrating its ability to secure significant contracts with prominent Indian enterprises.
The organization’s recent success is evidenced by a series of high-profile agreements spanning diverse industries, including energy, technology, and e-commerce. These contracts, ranging from one to five years, underscore the company’s robust service offerings and growing market credibility.
Share Price Movement
With a market capitalization of Rs. 6,765 Crores, the shares of Zaggle Prepaid Ocean Services Limited were up by 5 percent in the day’s trade touching a day’s high of Rs. 550.75 per share. The stock was in upper circuit limit at Rs. 550.75 per share hitting 5 percent from the previous closing price of Rs. 524.55 apiece. The stock has delivered a return of 126 percent which has outperformed the Nifty Index in the past year.
What happened
Zaggle has entered into a partnership agreement with HDFC Bank to provide services on HDFC Credit Card bundled with Zaggle Software which is offered to corporate customers across various industries. The period of the contract is 3 years which caters to Domestic and International Markets.
Q2 Financial Highlights
According to its recent filing, in the quarter ending September 2024, Zaggle Prepaid Ocean Services consolidated revenue from operations has increased by 64.67 percent YOY from Rs. 184 crore in Q2 FY24 to Rs. 303 crore in Q2 FY25 and increased by 20.23 percent QoQ from Rs. 252 crore in Q4 FY24.
The company’s consolidated net profit has increased by 150 percent, from Rs. 8 crore in Q2 FY24 to Rs. 20 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has increased by 17.64 percent QoQ from Rs. 17 crore.
Shareholding Pattern
As of the September 2024 shareholding pattern, Zaggle Prepaid Ocean Services majority held by the promoters at 43.88 percent, Foreign Institutional Investors (FII) hold around 6.14 percent, Domestic Institutional Investors (DII) hold around 10.69 percent and the public with 39.27 percent. Furthermore, Ashish Kacholia holds a 2.37 percent stake in this company.
About Company
Zaggle Prepaid Ocean Services was founded in 2011. It is a leading fintech company based in India. They deliver digital solutions that streamline expense management, improve employee tax benefits, and improve corporate gifting and incentives. Zaggle’s offerings help organizations reduce costs and boost employee engagement.
Zaggle’s product suite includes tools like *Zaggle Save* for expense management, *Zaggle Propel* for automated reimbursements, and *Zaggle Gift Cards* for corporate gifting. They also offer *Zaggle Propel Prepaid Cards* and *Zaggle Infinity*, which empower businesses to manage employee benefits and build loyalty programs. Additionally, *Zaggle Edge* optimizes corporate incentives, driving employee motivation.
Serving prominent clients like TATA Steel, Persistent Systems, and Pitney Bowes, Zaggle has become a key player in India’s fintech landscape. With its innovative solutions, the company is setting new standards for expense management and employee engagement across industries.
Written By Santhosh S
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