According to a regulatory filing with the stock exchange, Zaggle will deploy its Zaggle Save solution for Blue Star, enabling employee expense management and benefits administration. The contract will be executed over a period of three years.
The company also clarified that neither its promoters nor promoter group entities have any interest in Blue Star, the awarding authority. It further stated that the transaction does not qualify as a related-party transaction under applicable regulatory norms.
Zaggle Prepaid Ocean Services (Zaggle) is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in the business-to-business-to-customer segment.
The company’s standalone net profit surged 77.7% to Rs 35.97 crore on a 47.9% rise in revenue from operations to Rs 497.63 crore in Q3 FY26 over Q3 FY25.