Company Intelligence Profile
Zaggle Prepaid Ocean Services Limited
Listed Indian fintech-SaaS company (NSE/BSE: ZAGGLE) providing B2B spend-management software and prepaid/commercial card issuance for corporate expense, travel, and employee-benefits programs.
Last updated 6 September 2026
Zaggle Prepaid Ocean Services Limited is a listed Indian fintech-SaaS company offering B2B spend-management software and prepaid/commercial card issuance for corporate expense, travel, and employee-benefits programs. As of FY2025, the company reported a revenue of ₹1,303 Crore and a net profit of ₹87 Crore. It serves over 3,900 corporate customers and has issued more than 50 million cards.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Zaggle Prepaid Ocean Services Limited |
|---|---|
| CIN | U65999TG2011PLC074795 |
| PAN | AAACZ4965E |
| Status |
|
| Listing |
|
| Incorporated | 02 June 2011 |
| ROC | RoC Hyderabad / Telangana |
| Sector (NIC) | Conflicting classification across sources: Tofler lists "Service — Other Support Services" (Business Activity Code N7) |
| Registered address | 15th Floor, Western Block, Vamsiram – Suvarna Durga Tech Park, Nanakramguda Village, Serilingampally Mandal, GHMC Serilingampally Circle, Gachibowli, K.V. Rangareddy, Telangana – 500032 |
| Authorized capital | ₹15.0 Crore |
| Paid-up capital |
|
Business Overview
- Zaggle is a B2B spend-management and fintech-SaaS platform for Indian enterprises, combining prepaid/commercial card issuance with software for procure-to-pay, travel & expense (T&E) management, employee benefits/rewards, and tax/GST/TDS compliance filing
- Per the company's own site: 3,900+ corporate customers, 3.9 million users, 50 million+ cards issued, integrations with 19 bank partners; holds ISO/IEC 27001, PCI DSS v4.0.0 and SOC 2 Type 2 certifications
Directors
Combined from Tofler + TheCompanyCheck (7 directors, both sources agree on names/DINs where overlapping):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Avinash Ramesh Godkhindi | 05250791 | Managing Director | - |
| Raj P Narayanam | 00410032 | Whole-time Director | - |
| Prerna Tandon | 09652432 | Director | - |
| Arun Vijaykumar Gupta | 05131228 | Director | - |
| Aravamudan Krishna Kumar | 00871792 | Director | - |
| Abhay Deshpande Raosaheb | 00427314 | Director | - |
| Virat Sunil Diwanji | 07021146 | Director | - |
Financials
Latest fully audited FY (FY2025, ended 31 Mar 2025), standalone, per Screener.in:
| Revenue | ₹1,303 Cr |
|---|---|
| EBITDA (Operating Profit) | ₹115 Cr |
| PAT (Net Profit) | ₹87 Cr |
| Net Worth/Reserves | ₹1,234 Cr |
| Borrowings | ₹16 Cr ("almost debt-free"); 5-yr profit CAGR ~47%, ROE ~10% |
an earlier Screener fetch in this session returned a higher, differently-dated figure set (Revenue ₹1,908 Cr, EBITDA ₹185 Cr, PAT ₹139 Cr, Net worth ₹1,391 Cr, Borrowings ₹55 Cr) labeled "FY2026" — this looks like it may reflect TTM/latest-quarter-inclusive data rather than a completed audited FY2026 (which would not yet be finalized as of Aug 2026 for a March year-end). Flagging this conflict; treat FY2025 figures above as the safer "latest audited" figure and the FY2026-labeled set as unconfirmed/likely TTM. Standalone vs consolidated: figures above are standalone per Screener; consolidated FY24 total assets/liabilities were ₹696.1 Cr with borrowings ₹73.6 Cr per Tofler.
Funding / IPO
- Zaggle completed its IPO on NSE/BSE in September 2023 (ticker: ZAGGLE) — this is widely reported public-market history but was not independently re-confirmed via a primary source in this session (Moneycontrol was unreachable via fetch tool; no further web search available due to session quota)
- Pre-IPO funding round names/investors: not obtained this session
- Mark as partial
In the News
Zaggle Prepaid Ocean Services share price
Univest · a month ago
Zaggle Prepaid Ocean Services Ltd Financials – Balance Sheet, Profit & Loss, Cash Flow
Value Research · a month ago
Zaggle Prepaid Ocean Services Ltd Shareholding Pattern – Promoters, FIIs & DIIs
Value Research · a month ago
Zaggle Prepaid Ocean Services CTO Srikanth Gaddam Resigns Citing Personal Reasons
scanx.trade · a month ago
Zaggle Prepaid shares rally 17% in three sessions after Vijay Kedia buys stake
Moneycontrol.com · 2 months ago
Headlines about Zaggle Prepaid Ocean Services Limited reported by third-party publications. Recur Club does not author or endorse this coverage. Last checked 9/6/2026.
Source: Google News aggregated headlines
Charges / Loans
- ICICI Bank Limited — ₹45.0 Crore — registered/modified 24 Jun 2025 — Open
- IndusInd Bank Limited — ₹8.0 Crore — dated 28 Nov 2024 — Open
Legal / Litigation
- Zaggle Prepaid Ocean Services Pvt Ltd vs. State of NCT of Delhi & Ors — W.P.(CRL) 2070/2020, Delhi High Court, multiple orders Dec 2020–Apr 2023 (criminal writ petition; multiple judges/hearings).
- Zaggle Prepaid Ocean Services Pvt Ltd vs. Rashtriya Ispat Nigam Ltd — Andhra Pradesh High Court (Amaravati), order dated 27 Jan 2022.
Nature/current status/final outcome of these matters not obtained (would require reading full case documents, not done this session). Partial confirmation only (case existence, not merits/outcome).
Competitors
Named peers in the Indian corporate spend-management / prepaid-card / T&E fintech space:
- EnKash — spend management + corporate cards, similar scale/segment
- Happay (CRED Group) — expense management + corporate cards, similar/larger scale
- Volopay — spend management + cards, smaller/similar scale, more SEA-focused
- Pluto (Perfios) — spend management SaaS, smaller scale
- Fyle — expense management SaaS, smaller scale, more software-only (no card issuance)
- ITILITE — travel & expense management, adjacent segment
No rough-scale-tag figures (revenue/valuation) independently sourced this session for these peers — do not treat the "scale" comparisons as sourced facts.
Frequently Asked Questions
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