Zaggle Prepaid Ocean Services Limited (Zaggle) has officially announced the execution of a new service agreement with Honda India Power Products Limited. This intimation, filed on January 23, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, marks a significant addition to the company’s growing list of corporate clients.

The agreement is a domestic contract with a tenure of two years, during which Zaggle will provide its “Zaggle Save” platform to Honda India Power Products Limited. This platform is designed to streamline employee expense management and benefits, reflecting Zaggle’s core mission of simplifying corporate spends through integrated technology. The contract was awarded by a domestic entity and does not involve any interest from the promoter or group companies, ensuring it is a standard arm’s-length transaction.

Zaggle Prepaid Ocean Services Limited is a leading Indian fintech SaaS company specializing in spend management solutions. Throughout 2025 and early 2026, the company has aggressively expanded its market footprint, recently signing a 10-year agreement with Forever New Apparels for employee mobile leasing and a referral pact with Jio Credit Limited. The company has been highly active in the M&A space, acquiring firms like Greenedge Enterprises and Dice Enterprises to bolster its rewards and expense management suites. Additionally, Zaggle has strengthened its fintech offerings by launching co-branded cards with partners like AU Small Finance Bank and Mastercard.

In its most recent quarterly financial results for Q2 FY2026 (announced in November 2025), Zaggle reported a robust 42.4% year-over-year growth in operating revenue, reaching ₹432.22 Crores. The company’s net profit surged by a remarkable 72.45% YoY to ₹34.99 Crores, driven by increased scale and operational leverage. Notably, ace investor Ashish Kacholia is a prominent shareholder in the company, holding approximately a 2.24% stake as of late 2025, which has frequently drawn significant market attention to the stock’s performance.