Ashish Kacholia holds a 2.24% stake: IT company has entered into amendment to customer service agreement with Tyger Capital Pvt Ltd

Zaggle Prepaid Ocean Services Limited (Zaggle) announced that it entered into an Amendment to Customer Services Agreement with Tyger Capital Private Limited (Tyger) on July 16, 2025. This amendment modifies various clauses of the original agreement, which was signed on January 23, 2025. Under the terms of this domestic agreement, Zaggle will continue to provide Tyger with its Zaggle Zoyer Platform and Utility bill payment services for a period of 24 months, as initially stipulated in the original agreement.

Zaggle Prepaid Ocean Services Ltd (Zaggle) specialises in developing world-class financial solutions and products designed to streamline business expense management for corporates, SMEs, and startups. The company achieves this through automated and innovative workflows, positioning itself at the nexus of SaaS (Software as a Service) and Fintech. Headquartered in Hyderabad, Zaggle's offerings are aimed at providing efficient and modern tools for financial management.

According to Quarterly Results, the net sales increased by 51 per cent to Rs 412.11 crore, the operating profit increased by 52 per cent to Rs 48.63 crore and net profit increased by 63 per cent to Rs 31.14 crore in Q4FY25 compared to Q4FY24. In its annual results, the net sales increased by 68 per cent to Rs 1,303.76 crore, the operating profit increased by 72 per cent to Rs 140.78 crore and net profit increased by 100 per cent to Rs 87.92 crore in FY25 compared to FY24.

The company has a market cap of over Rs 5,500 crore and as of March 2025, Ashish Kacholia holds a 2.24 per cent stake in the company. The stock is up over 50 per cent from its 52-week low of Rs 281.25 per share.

Disclaimer: The article is for informational purposes only and not investment advice.