Zaggle Prepaid Ocean Services Limited has officially announced a significant transition in its financial leadership following a Board of Directors meeting held on May 13, 2026. The company has appointed Mr. Venkatesh Ramachandran as the new Group Chief Financial Officer, effective May 18, 2026. Consequently, Mr. Rajesh Tummalaganti will step down from his role as Interim CFO at the close of business on May 17, 2026, though he will remain with the organization as the Deputy Chief Financial Officer.

The incoming Group CFO, Mr. Venkatesh Ramachandran, is a seasoned professional with over 27 years of experience across diverse sectors, including pharmaceuticals, logistics, and IT services. He most recently served as the CFO at Biological E. Limited and has previously held leadership roles at Aragen Life Sciences and NTC Logistics. His expertise spans mergers and acquisitions, capital raising, and IPOs, making him a strategic addition to Zaggle’s senior management team as the company seeks to enhance shareholder value and strengthen its compliance framework.

Zaggle operates as a leading SaaS-based fintech player in India, focusing on business spend management and corporate tax benefits. Throughout 2025, the company made headlines by securing several high-profile contracts and expanding its digital payment ecosystem. Notable updates from 2025 include the signing of significant service agreements with major corporate entities to provide expense management solutions and the continued integration of its “Zoyer” platform for accounts payable automation. The company has consistently received orders for its prepaid card and reward loyalty programs, reinforcing its position in the B2B2C segment.

For the final quarter of the 2025 financial year, Zaggle reported robust growth in both its top and bottom lines. The company saw a significant year-on-year increase in revenue, driven by higher transaction volumes on its platform and the addition of new corporate clients. Profitability also showed an upward trend as the company benefited from operational efficiencies. Zaggle has attracted attention from prominent investors; notably, Ashish Kacholia, a well-known veteran investor, has maintained a stake in the company, signaling confidence in its long-term scalability and business model.