Ashish Kacholia Backed Financial Solution Provider Expands Market Presence Through 3-Year Strategic Partnership with Grant Thornton; Stock Price Jumps Over 8 Per Cent

The stock price has given 10 per cent returns in last 1 month while it has gained 22 per cent in 12 months.

Zaggle Prepaid Ocean Services Limited has announced a new channel partner agreement with Grant Thornton Bharat LLP, marking a significant step in its domestic expansion strategy. Under this three-year partnership, Grant Thornton will offer Zaggle's Spend Management platform to its extensive corporate clientele, including large enterprises. This collaboration is aimed at increasing Zaggle’s reach within the Indian market by leveraging the strong client base and trusted presence of Grant Thornton in the financial advisory space.

This agreement comes without any related party transactions or promoter group interests in Grant Thornton, ensuring transparency and independent collaboration. It is aligned with Zaggle’s broader goal of delivering innovative financial solutions that simplify and automate business expense management for corporates, SMEs, and startups. The move reflects the company’s commitment to technological innovation and its strategic focus on building a robust ecosystem for financial operations.

As of May 08, 2025, Zaggle’s stock is trading at Rs 345.15. It has touched a 52-week high of Rs 582.45 and a low of Rs 259.9, reflecting its price movement within the Small-Cap segment of the Indian stock market. The company holds a market capitalisation of Rs 4,360 crore and has delivered a 12.81 per cent return over the past one year. With a Price-Earnings (PE) ratio of 56.43, the stock is being closely watched by market participants for its growth potential.

Among its notable public shareholders are Zuzu Software Services LLP with a 4.18 per cent stake, veteran investor Ashish Kacholia holding 2.24 per cent, and Ajay Kumar Aggarwal with 1.11 per cent. The stock has not announced any recent dividend, bonus, or rights issue, but remains active in expanding its offerings and strategic partnerships.

Zaggle continues to focus on product innovation and market growth, aligning with emerging needs in corporate financial management. The alliance with Grant Thornton strengthens its distribution model and adds momentum to its vision of becoming a comprehensive financial services provider for Indian businesses. The stock price has given 10 per cent returns in last 1 month while it has gained 22 per cent in 12 months.

Disclaimer: The article is for informational purposes only and not investment advice.