Ashish Kacholia Holds 2.16 Per Cent Stake: This Small-Cap Fintech Stock Secures 1-Year Master Services Agreement, Reported 69 Per Cent Revenue Growth & 33 Per Cent PAT Increase in Q3 FY25
Major public shareholders include Zuzu Software Services LLP with 4.13 per cent, Quadigo Ventures LLP with 3.92 per cent, Ashish Kacholia with 2.16 per cent, and Ajay Kumar Aggarwal with 1.02 per cent.
Zaggle Prepaid Ocean Services Limited has announced a significant agreement with Truecaller International LLP. This domestic contract involves Zaggle providing its Zaggle Save solution, which focuses on employee expense management and benefits, under a Master Services Agreement. The contract is set to be executed over a one-year period. Zaggle, a prominent player in the financial solutions sector, continues to expand its reach and capabilities through strategic partnerships and innovative product offerings. The company's focus on automated and innovative workflows positions it at the intersection of SaaS and Fintech, catering to a diverse clientele that includes corporates, SMEs, and startups. This new collaboration with Truecaller is expected to enhance Zaggle's service offerings and strengthen its market position in the domestic financial solutions landscape.
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Zaggle Prepaid Ocean Services Limited is a leading provider of financial solutions designed to manage business expenses for corporates, SMEs, and startups through automated workflows. Headquartered in Hyderabad, Zaggle operates at the intersection of SaaS and Fintech, offering a range of innovative products. The company is the top issuer of prepaid cards in India, having issued over 50 million cards. In FY24, Zaggle introduced AI-enabled solutions and expanded its product line with corporate credit cards and a vendor management platform. The company has formed strategic alliances with major financial institutions and corporates, including Tata Steel, Yes Bank, and Visa. Zaggle's revenue is primarily derived from program fees and its Propel platform, with a significant portion also coming from software fees. Recent strategic moves include a growth agreement with Visa for Forex CoBrand Cards and acquisitions to enhance its technological capabilities.
The current stock price of Zaggle is Rs 353.75. The 52-week high is Rs 582.45, and the 52-week low is Rs 259.9. Zaggle's market capitalisation stands at Rs 4,832 crore. The company has achieved a one-year return of 25.26 per cent. The Price-Earnings (PE) Ratio is 63.68. Major public shareholders include Zuzu Software Services LLP with 4.13 per cent, Quadigo Ventures LLP with 3.92 per cent, Ashish Kacholia with 2.16 per cent, and Ajay Kumar Aggarwal with 1.02 per cent.
In Quarterly Results of Q3 FY25, Zaggle posted its highest-ever revenue and profit. The company’s revenue grew by 69 per cent year-on-year to Rs 3,364 crore. Adjusted EBITDA increased by 38 per cent to Rs 315 crore, with a margin of 9.4 per cent. Profit after tax (PAT) rose by 33 per cent to Rs 202 crore.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.