Mumbai, May 20, 2026 — Zaggle Prepaid Ocean Services Limited (BSE: 543985 | NSE: ZAGGLE), a leading SaaS FinTech and Global Spend Management platform, announced the appointment of Mr. Venkatesh Ramachandran as Group Chief Financial Officer (Group CFO). The appointment takes immediate effect.
This appointment underscores Zaggle’s commitment to strengthening the financial architecture and governance infrastructure that will support its next phase of scale, one defined by profitable growth, disciplined capital allocation and expanding shareholder value. Mr. Venkatesh precisely brings the depth and breadth of experience that this phase demands.
APPOINTMENT ANNOUNCEMENT
Mr. Venkatesh Ramachandran
Group Chief Financial Officer, Zaggle Prepaid Ocean Services Limited
27+
Years of finance leadership
6
CFO & senior finance roles
7+
Industries across career
Multi-sector M&A, IPO, PE & Capital Markets
WHY THIS APPOINTMENT MATTERS FOR INVESTORS
Zaggle closed FY26 with its strongest-ever annual performance, revenue of ₹19,076 Mn, PAT of ₹1,388 Mn growing 51.8% YoY and Cash PAT exceeding ₹1,779 Mn. With FY27 consolidated revenue growth guidance of approximately 40%, the company is entering a phase that demands exceptional financial leadership. Mr. Venkatesh’s appointment directly addresses four priorities that investors should note:
■ Capital Discipline at Scale: As Zaggle pursues inorganic growth, international expansion and AI-led platform investment, Mr. Venkatesh’s deep experience in capital planning, private equity and corporate restructuring will ensure every rupee of capital deployed generates measurable long-term value.
■ Governance & Compliance Maturity: With extensive experience strengthening compliance frameworks across listed and multinational environments, his appointment reinforces Zaggle’s commitment to institutional-grade governance as its investor base broadens.
■ M&A and Integration Capability: Having led finance through multiple acquisitions and restructurings, Mr. Venkatesh is well-positioned to drive the financial integration of Zaggle’s recent and future acquisitions, including the DICE AI Spend Management platform transaction.
■ International Finance Readiness: With the GIFT City entity established and MENA and US expansion underway, his expertise in international finance and cross-border accounting is directly relevant to Zaggle’s global growth ambitions.
CORE AREAS OF EXPERTISE
| M&A
Mergers & Acquisitions Deal structuring, integration & corporate restructuring |
IPO
Capital Markets & IPO Public listings, capital raising & private equity |
CFO
Multinational Finance International accounting, treasury & cross-border finance |
OPS
Operational Transformation Governance, compliance & enterprise-wide efficiency |
ZAGGLE PREPAID OCEAN SERVICES LIMITED | (BSE: 543985 | NSE: ZAGGLE)
CAREER TRACK RECORD
| Organisation | Role | Sector |
| Biological E. Limited | Chief Financial Officer (Most Recent) | Pharmaceutical & Vaccines |
| NTC Logistics Private Limited | Director & Group CFO | Logistics |
| Aragen Life Sciences Limited | Chief Financial Officer | Life Sciences & CRO |
| Prolifics Corporation Limited | Chief Financial Officer | IT Services |
| Spencer’s Retail | Senior Finance Leadership | Retail |
| Hutchison Essar | Senior Finance Leadership | Telecom |
| Infrastructure Leasing & Financial Services | Senior Finance Assignment | Infrastructure & Financial Services |
COMMENTARY FROM LEADERSHIP
“We are delighted to welcome Venkatesh to the Zaggle leadership team. As we accelerate into our next phase of growth, scaling our platform, deepening monetization, pursuing strategic acquisitions and expanding internationally, having a Group CFO of Venkatesh’s caliber is a critical strategic investment. His depth of experience across M&A, capital markets, international finance and governance will strengthen the financial architecture that underpins our long-term value creation roadmap. For our investors, this appointment reflects our commitment to building best-in-class leadership that is commensurate with the scale and ambition of the business we are building.”
Dr. Raj P. Narayanam, Founder & Executive Chairman, Zaggle Prepaid Ocean Services Limited
ABOUT ZAGGLE PREPAID OCEAN SERVICES LIMITED
Incorporated in 2011, Zaggle (BSE: ZAGGLE | NSE: 543985) is India’s leading B2B2C SaaS FinTech and Global Spend Management platform offering prepaid cards, tax and payroll SaaS and enterprise financial technology products. With over 50 million prepaid cards issued and 3.9 million users served as of March 31, 2026, Zaggle serves enterprises across banking, technology, healthcare, manufacturing, FMCG, infrastructure and the automobile sector.
