ZAGGLE/24-25/155

February 07, 2025

To To
Listing Department, The Corporate Relations Department
NATIONAL STOCK EXCHANGE OF INDIA LIMITED BSE LIMITED
Exchange Plaza, Plot No C/1, G Block Phiroz Jeejeebhoy Towers,
Bandra Kurla Complex, Bandra (East), 25th Floor, Dalal Street,
Mumbai -400 051, Maharashtra Mumbai -400 001, Maharashtra

Company Symbol: ZAGGLE Company Scrip Code: 543985

Dear Sir / Madam,

Sub: Investor Presentation for the quarter and nine months ended on December 31, 2024

Pursuant to the Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements Regulations, 2015, we enclose herewith Investors Presentation for the quarter and nine
months ended on December 31, 2024.

The same is also being uploaded on the website of the Company viz. http://ir.zaggle.in/wp-
content/uploads/2025/02/investor-presentation-zaggle-Q3FY25.pdf

We request you to kindly take the same on record.

Thanking you

Yours faithfully,
For Zaggle Prepaid Ocean Services Limited
Digitally signed by

Haripriya Haripriya
Date: 2025.02.07
16:41:26 +05'30'

Hari Priya
Company Secretary and Compliance Officer
Investor
Presentation
Zaggle Prepaid Ocean Services Limited

Q3 and 9MFY25

1
Safe harbor
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Zaggle Prepaid Ocean Services Limited
(the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to
purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment
whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed
information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the
Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy,
completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain
all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is
expressly excluded.

This presentation contains certain forward-looking statements concerning the Company’s future business prospects and business profitability,
which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward-looking
statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations
in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to
attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations,
government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not
undertake to make any announcement in case any of these forward-looking statements become materially incorrect in future or update any
forward-looking statements made from time to time by or on behalf of the Company.

2
From the Founder’s desk…

“This has been a milestone quarter for us with our highest ever quarterly & nine monthly
performance in terms of Revenue, Adjusted EBITDA and PAT.

During Q3FY25, the company delivered a topline of INR 3,364 Mn, growing by 69% YoY
basis, adjusted EBITDA of INR 315 Mn, increasing by 38% compared to Q3FY24. The Adjusted
EBITDA margins stood at 9.4%. The PAT increased by 33% YoY to INR 202 Mn.

We successfully completed of our QIP of Rs. 5,950 Mn in line with our growth strategy of
inorganic expansion.

With respect to strategic collaborations, we signed a 3-year partnership with the largest
private bank in India, HDFC Bank, to provide the credit card solution. Additionally, we
stitched a long-term referral partnership program with Mastercard, which will extend our
reach in the market.

Banking on our comprehensive product portfolio, we expanded our customer base to

3,300+ and signed contracts with several major brands including Blinkit, CanFin homes,
BigBasket, Mumbai Metro One, Mahindra First Choice Wheels, and Hitachi India.

For FY25, we are confident of achieving a 58-63% growth in our top line. We are also
evaluating inorganic growth opportunities to expedite this growth and the discussions are
Raj P Narayanam at advanced stages.”
Founder and Executive
Chairman

3
Performance Highlights

44
Highest ever performance across metrices

₹ 3,364.4 Mn ₹ 314.6 Mn ₹ 202.4 Mn ₹ 262.1 Mn

Q3 FY25
YoY + 68.6% YoY + 37.6% YoY + 32.9% YoY + 34.4%

₹ 8,912.0 Mn ₹ 865.6 Mn ₹ 555.2 Mn ₹ 720.2 Mn

9MFY25
YoY + 77.4% YoY + 48.2% YoY + 123.3% YoY + 56.2%

Revenue from Adjusted EBITDA

PAT Cash PAT
operations (before ESOP)

• Above performance represents standalone financials 5

 Quarterly financial highlights
Revenue from operations (₹ Mn) Gross Profit (₹ Mn)

77.4%
85.7%
68.6% 8,912
47.1% 4,330
3,364
1,507

5,022
1,995 1,024 2,332

Q3FY24 Q3FY25 9MFY24 9MFY25 Q3FY24 Q3FY25 9MFY24 9MFY25

Adjusted EBITDA (₹ Mn) Reported EBITDA (₹ Mn)* Cash PAT (₹ Mn)

48.2% PAT + Depreciation & Amortization + ESOP Expense

37.6% 866 81.2% 56.2%

44.4%
315 786 34.4% 720
294
584 262
229
204 461
434 195

Q3FY24 Q3FY25 9MFY24 9MFY25 Q3FY24 Q3FY25 9MFY24 9MFY25 Q3FY24 Q3FY25 9MFY24 9MFY25

• Reported EBITDA is after reducing the ESOP expenses

• Above performance represents standalone financials 6
Key operational performance indicators
Total customers catered to (number) Aggregate users on the platform (million)
17.6% 23.5%
3,337 3.16
2,837
2.56

KPIs

9MFY24 9MFY25 9MFY24 9MFY25

Software Fees Program fees Propel platform revenue

61.9%
110.2%
4,768
12.8%
3,886
Revenue
Mix 258 +86.5%
2,945

(₹ Mn) 229
+53.5% 1,921
+7.8% 1,849
1,355
89 883 1,030
82

Q3FY24 Q3FY25 9MFY24 9MFY25 Q3FY24 Q3FY25 9MFY24 9MFY25 Q3FY24 Q3FY25 9MFY24 9MFY25

• Above performance represents standalone financials 7

Profit and loss statement (standalone)
Particulars (₹ Million, unless stated otherwise) Q3FY25 Q3FY24 YoY Q2FY25 QoQ 9MFY25 9MFY24 YoY FY24 Q3FY25 – Key Highlights
Revenue from operations 3,364.4 1,995.1 68.6% 3,025.6 11.2% 8,912.0 5,022.3 77.4% 7,756.0
• Highest ever quarterly and nine month
Cost of point redemption / gift cards 1,854.0 968.0 1,617.5 4,572.2 2,682.1 3,797.2
ended Revenue, Adjusted EBITDA and
Consumption of cards 3.9 2.9 1.8 9.7 8.4 12.3
PAT.
Gross Profit 1,506.5 1,024.1 47.1% 1,406.3 7.1% 4,330.2 2,331.8 85.7% 3,946.5
Gross Profit Margin 44.8% 51.3% 46.5% 48.6% 46.4% 50.9% • The YoY growth in the topline is
Employee benefits expense 145.2 86.8 150.9 405.6 279.9 363.1 attributed to :
Incentive and cash back 828.9 562.6 789.7 2,515.1 1,070.3 2,168.3 o A 54% notable rise in program fees
Other Expenses 217.7 146.2 170.4 543.9 397.6 559.5 resulting from an expanded portfolio
Adjusted EBITDA 314.6 228.6 37.6% 295.2 6.5% 865.6 584.0 48.2% 855.7 of prepaid and credit cards along
Adjusted EBITDA Margin 9.4% 11.5% 9.8% 9.7% 11.6% 11.0% with rise in clients spending
ESOP Cost 20.1 24.7 28.2 79.8 150.3 149.8 o Strong 87% growth in the propel
Reported EBITDA 294.4 203.8 44.4% 267.1 10.3% 785.8 433.7 81.2% 705.9 revenue platform, fueled by
Reported EBITDA Margin 8.8% 10.2% 8.8% 8.8% 8.6% 9.1%
increased redemptions on account
Other Income 35.3 44.7 37.4 117.8 65.9 112.7
of festive season
Depreciation 39.5 18.1 24.4 85.3 62.1 83.6 • The rise in employee costs is primarily
EBIT 290.2 230.4 25.9% 280.1 4% 818.3 437.5 87% 735.0 due to an expanded workforce aimed
EBIT Margin 8.6% 11.6% 9.3% 9.2% 8.7% 9.5% at supporting business growth
Finance Cost 22.5 21.4 22.1 65.2 99.3 137.2
Profit before Tax 267.6 209.0 257.9 753.1 338.2 597.8
• The increase in incentives, cash-back
Tax 65.3 56.8 72.3 197.9 89.6 157.6 expenses, and operational expenditures
Profit After Tax 202.4 152.2 32.9% 185.6 9.0% 555.2 248.6 123.3% 440.2 aligns with the overall expansion of the
PAT Margin 6.0% 7.6% 6.1% 6.2% 5.0% 5.7% business
Cash PAT (PAT+DA+ESOP) 262.1 195.0 34.4% 238.2 10.0% 720.2 461.1 56.2% 673.6
• The total ESOP expenses in FY25 are
Cash PAT Margin 7.8% 9.8% 7.9% 8.1% 9.2% 8.7%
expected to be approx. INR 95-100 Mn
EPS - Basic 1.65 1.47 1.51 4.51 2.39 4.06
EPS - Diluted 1.64 1.45 1.50 4.49 2.36 4.03

8
Quarterly revenue contribution
Sample box
Q3 & Q4 are higher revenue quarters in the business

Contribution
to annual
16.0% 23.5% 26.7% 33.8% 15.3% 23.8% 25.7% 35.2%
revenues

3,364
3,026
2,734
Revenue from 2,522
operations
(₹ Mn) 1,995
1,869 1,842
1,476
1,303
1,185
886

Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

YoY YoY YoY YoY YoY YoY YoY

+33.7% +41.4% +35.1% +46.3% +112.9% +64.2% +68.6%

• Above performance represents standalone financials 9

Qualified Institutional Placement

The company has raised a sum of INR 5,950 Mn through QIP in

Dec-24

The management is thankful to all the investors for showing

confidence in the company’s growth story

The proceeds from the QIP will be used for future inorganic
expansion, repayment of debt and general corporate purpose

10
Strategic Alliances

Contract brief Duration

Mastercard MasterCard to recommend Zaggle SaaS platform, Payment and Card Products to Corporate 7 Years
Technology Customers and other ecosystem entities on a referral basis

HDFC Credit cards bundled with Zaggle Software to be offered to corporate customers across 3 Years
HDFC Bank industries

Strada India Zaggle shall offer its SaaS platform, Payment and Card products to Corporate customers of Perpetual
(Strada) Strada

To create Zaggle’s native SBT 2 years

TBO TEK Ltd.

11
Recent customers wins for growth
Contract brief Duration

Mahindra First 1 Year

Zaggle would provide Mahindra First Choice Wheels, the Zaggle Propel reward platform
Choice Wheels

AGP City Gas Zaggle Fleet Program for AGP City Gas 5 Years

Blink Commerce Zaggle would provide Blink Commerce (Blinkit), the Zoyer Solution 2 Years
(Blinkit)

Can Fin Homes Zaggle would provide Can Fin Homes Limited, Zaggle Zoyer Petty cash & Zaggle Save (Employee
2 Years
Limited expense management & benefits) propositions.

Zaggle would provide BigBasket with the Zaggle Save (Expense management platform &
BigBasket 3 Years
benefits) solution

Zaggle would provide Mumbai Metro One, the Zaggle Propel reward platform which empowers
Mumbai Metro One 1 Year
Mumbai Metro One to create reward programs for its employees, partners and travellers

Hitachi India Private 1 Year

Zaggle would provide Hitachi India Private Limited, the Zaggle Propel reward platform
Limited

12
What we do

13
13
Zaggle: #1 Spend Management company in India
What we have built

SaaS Fintech
3,300+ 3.0 Mn+
Corporates Users
`
(< 1.5% Churn)

Sales Commission
Channel
Management

Sales

Sales
Fleet

50 Mn+

Partner /
Corporate
Cards issued
Spends Need
#1 Prepaid Card Multilingual GDPR Products are
issuer in country
interface Compliant customizable

Omni-Channel offering with a combination of payment

15 400+ instruments, mobile application and API integrations
Bank partners Employees

Robust Numbers
Revenue from operations (standalone) Adjusted EBITDA (standalone) Profit After Tax (standalone)

Rs. 440.2 Mn
FY24

Rs. 7,756.0 Mn Rs. 855.7 Mn

 40.1% (YoY)  36.9% (YoY)  92.2% (YoY)
9MFY25

Rs. 8,912.0 Mn Rs. 865.6 Mn Rs. 555.2 Mn

 77.4% (YoY)  48.1% (YoY)  123.6% (YoY)
14
… with strong network effect
Key Partners

Banking Partners

Network Partners
Partners
VAS Partners

Banking licenses &

Pmt. instrument
Resell Zaggle
Key customers Comprehensive
Monetization
Sell software
Monetize GTV Partners - Program fees
Users / deals
Business - SaaS fees for software
Corporates Merchants
User base
Software / users Employees/User/ SMB’s – VAS Fees (From
Lending and other BFSI products)

monetization
Merchant – Merchant Commission

Direct
Spend

Employees
/Users/ SMB’s

Note: The Brand Names and Logos mentioned are the property of their respective owners and are used here for identification purposes only 15
Omni Channel Offerings
Offering a combination of payment instruments, mobile application and API integrations

Co – Branded Zaggle App to

Cards Manage Spends
with Banks

Omni Channel
Multiple Banks Offerings Dashboard to
& network manage
partners reporting &
analytics

Note: The Brand Names and Logos mentioned are the property of their respective owners and are used here for identification purposes only 16
Innovative Product Offerings
Comprehensive suite of products for a large & growing addressable market

Rewards & recognition

platform
Channel rewards and Employee expense
incentives management & benefits
Employee rewards and Expense Management
recognition Embedded-finance
Employee
Reimbursements Integrated data-driven Zaggle
business spend
Employee tax benefits management platform Fleet Management
Empower businesses
with embedded finance with full control over Zaggle International
capabilities spends through Fleet Payment solution Payments (ZIP)
dashboard and for fleet owners as well
corporates as Oil Marketing
Companies (OMC) / Simplifying
Compressed Natural international
Gas (CNG) providers payments with
complete compliance
and transparency

Live Products at the time of IPO Continuing innovation

17
 – Supercharging Channel Partner Performance

Key Features

Seamless Partner Onboarding

Scheme Management

Campaign Management - QR Scan & Earn, Scratch & Win

Metric-Based Incentive Computation

Lead Management

Leaderboards and Achievements

Payments / Redemption Solutions Revenue Streams

Automated Claim Management

Prepaid Cards Interchange fee share from

Performance Management banks (Program Fees)

Merchant Vouchers Merchant commission (Sales –
Redemption Purchase value of vouchers)

Reports and Analytics SaaS Fee

18
 – Digitize Employee Expense, Reimbursements & Benefits

Key Features

Automatic Expense Reporting

Mobile-First Experience (Intuitive App with Smart OCR)

Seamless Transaction Reconciliation against Scanned

Receipts

Set Up Policies & Limits Easily

Consolidated Statement for the Admin and Individual

statement For Every User
Multiple Billing Cycles To Match Corporate Expense
Management Requirements Payments / Redemption Solutions Revenue Streams

Controls at MCC, MID & Transaction Type Level Wide

Acceptance Prepaid + Corporate Credit Interchange fee share from
100% RBI and Income Tax Regulations Compliant Powerful Cards banks (Program Fees)
Dashboard With Advanced Analytics & Reporting
SaaS Fee
Real-Time Expense Approval

100% Policy Enforcement

* OCR – Optical Character Recognition
MID - Merchant Identification Number
MCC - Merchant Category Code 19
 – Digitized Vendor Procure-to-Pay Solutions

Key Features

Seamless Petty Cash Management Through The Mobile

App & Corporate Credit/Prepaid Card
Consolidated Statement for The Admin and Individual
Statement for Every User
Multiple Billing Cycles to Match Corporate Expense
Management Requirements
Controls At Merchant Category Codes, Merchant
Identification Number & Transaction Type Level

Automated Invoice Processing

Integrated Payables and Credit Cards

Payments / Redemption Solutions Revenue Streams

Multiple Payment Options via Zoyer Pay

Corporate Credit Cards Interchange fee share from

Utility Payments Powered by BBPS banks (Program Fees)

SaaS Fee
Real-Time Payment Alerts and Self-Service App

Seamless ERP and Accounting Integration

* BBPS – Bharat Bill Pay System

20
Recent innovations
Zaggle
Fleet Management International Payments (ZIP)
Intelligent Spend Analytics Platform Managing Fleet Expenses Efficiently Simplifying Global Transactions
Newly launched analytics platform, designed to Fleet program offers a spend management ZIP ensures seamless international payments
empower businesses with greater cost efficiencies. system tailored for fleet management with full compliance and transparency
Available as part of a bundled solution offered by
banks, combining corporate credit cards with cutting -
edge SaaS technology

Key Features

Dashboard & analytics for Fleet owners as

Full control over spends through dashboard for well as oil marketing companies/CNG
Live FX Rates with Timestamps
corporates providers

Digital journey for employee card Advanced Spend Controls for fleet owner Foreign Remittance Certificate Issued

Multi-currency Forex Cards for Individuals

Granular level visibility of employee card Automated Approval Workflow
and Corporates

Segregate business and personal forex

Download customize transaction reports
spends

Self-servicing tools for corporates

21
Seasoned management team and board (1/2)
Leadership

Dr. Raj P Narayanam Avinash Ramesh Godkhindi

Founder and Executive Chairman Managing Director and CEO

• Founded Zaggle in 2011 with a vision to simplify corporate • Leading Zaggle’s growth ; Served on the board of the company since
spends 2012
• Honorary Doctorate Degree (D. Litt) by Chitkara University, • Holds a bachelor’s degree in engineering from Bangalore University,
Punjab Bengaluru, and MBA from the University of Chicago, Chicago
• Completed post-graduate diploma in business management • Has served on the board of the company since 2012
with specialization in finance from the FORE School of • Awarded the “Inspiring CEO” award by the Economic Times in 2022
Management - New Delhi • He has experience in the banking industry Prior to joining Zaggle,
• He has experience in the technology and fintech industry. He Avinash worked with Citibank in India
has made varying levels of investments in certain companies
at different points in time. Has served on the board of the
company since 2012

Board of Directors

Aravamudan Krishna Kumar Virat Sunil Diwanji

Independent Director Non – Executive, Non – Independent Director

• Non-Executive Chairman at UCO Bank • 30+ years of experience in building, managing and growing Retail
• He retired in 2014 from State Bank of India as MD Consumer Businesses cutting across Liabilities and Assets;
• Holds a bachelor’s degree in arts and economics (honors • Successfully managed JVs with international partners (Ford Credit
course) from the University of Delhi International) and executed the merger of mid-size bank – ING Vysya
• Certified associate of the Indian Institute of Bankers • Served as Non-Executive Director, for over 9 years, on Board of Kotak
• Directorships: MTAR Technologies, TVS Wealth, Sathguru General Insurance Limited from its inception stage
Catalyser • Prior to joining Kotak Group, he has worked with management
consultancy division of A. F. Ferguson & Co for 6 years handling
assignments cutting across Private and Public sector enterprises in India
and UAE

22
 Seasoned management team and board (2/2)

Board of Directors

Abhay Deshpande Raosaheb

Independent Director

• 20+ years of experience in Financial banking • Directorships: Rapidue Technologies, • Co-founder of Markjack which he exited post
• PhD Economics and engineering from the Payswiff Technologies, Recykal sale to Capillary
Dr. Babasaheb Ambedkar Marathwada Foundation, Anubhuti Welfare Foundation,
University, Aurangabad, Maharashtra Sarvah Incubation Foundation, Musika
Solutions Private Limited, Apr Reality Llp

Prerna Tandon Arun Vijaykumar Gupta

Independent Director Independent Director

• Holds a master’s degree in business administration from • Holds a bachelor’s degree in commerce from the P.D. Lion’s College of
the Panjab University, Chandigarh Commerce and Economics, University of Bombay
• She worked as the Vice President – operations at Infosys
BPO Limited & Vice President – productivity & digitization • Directorships: Route Mobile, Absolute Sports Private Limited
leader at Genpact India

Key Managerial Personnel

Aditya Kumar Hari Priya

Chief Financial Officer Company Secretary & Compliance Officer

• Member of The Institute of Chartered Accountants of India, New • Member of the Institute of Company Secretaries of India, New Delhi and
Delhi bachelor’s degree in law from Osmania University,
• He has experience in the financial services industry • Prior to joining Zaggle, she worked at Spandana Sphoorty, Gayatri Projects
• Prior to joining Zaggle, he worked at Spandana Sphoorty Financial and Axis Clinicals
Limited as Vice President Investor Relations-Finance

23
Zaggle in a nutshell

Seasoned management team Seasoned Multi-product SaaS based platform with a

and board team strategy comprehensive product stack

Robust
Revenues from operations in Technology
financial In-house technology with strong
9M’25 have grown y-o-y at 77.4% and
metrics network effect
with a corresponding growth in network
Reported EBITDA margin y-o-y of
81.2% over the same period

Overall estimated market

Customer churn rate is less than
Consistent revenue (2027) for Payments in
customer Large India : ₹ 1750+ Bn *
1.5% addressable
Retention
market

Customer acquisition costs of less

Low CAC and Ecosystem- Business model with diverse
than 5% of total revenue
retention costs based approach sources of revenue across SaaS
and fintech

Note: FY: Financial Year *Source : Frost & Sullivan Report

24
Historical financials

25
25
Historical financial and operating metrics
Corporate customers Aggregate users (1) (Mn) Revenue from operations (₹ Mn)

2.73
3,016 7,756.0
2.27
2,411
5,534.6
1.72
1,753
3,712.6
1,092 0.90 2,399.7

FY2021 FY2022 FY2023 FY2024 FY2021 FY2022 FY2023 FY2024 FY2021 FY2022 FY2023 FY2024

Adjusted EBITDA & EBITDA margin(₹ Mn) Reported EBITDA* & EBITDA margin (₹ Mn) Cash PAT & Cash PAT margin (₹ Mn)

CAGR: 45.88% CAGR: 36.85% CAGR: 46.61%

856.0 706 674

599 440 435

599 625
481

276 214
276 16.12% 16.12% 11.86%
11.51% 8.69% 9.10% 8.91%
11.51% 11.0% 7.86% 8.68%
11.29%

FY2021 FY2022 FY2023 FY2024 FY2021 FY2022 FY2023 FY2024

FY2021 FY2022 FY2023 FY2024
Note: (1) Total number of users (Employees, channel partners, and customers of Customers) served by the company, FY: As of and for the year ended March 31
* Reported EBITDA –after ESOP expense ₹144.13 in FY23 and ₹150.3 in 9MFY24
Above performance represents standalone financials 26
Historical profit and loss statement (standalone)
Particulars (₹ Million, unless stated otherwise) FY24 FY23 FY22 FY21
Revenue from operations 7,756.0 5,534.6 3,712.5 2,399.6
Gross Profit 3,946.5 2,328.3 2,259.6 2,087.8
Gross Profit Margin 50.9% 42.0% 60.8% 87.0%
Employee benefits expense 363.1 291.7 154.3 124.6
Incentive and cash back 2,168.3 1,002.0 1,176.4 1,380.3

Other Expenses 559.5 409.5 330.4 306.6

Adjusted EBITDA 855.7 625.0 598.5 276.2

Adjusted EBITDA Margin 11.0% 11.2% 16.1% 11.5%
ESOP Cost 149.8 144.1 - -
Reported EBITDA 705.9 480.9 598.5 276.2
Reported EBITDA Margin 9.1% 8.6% 16.1% 11.5%
Other Income 112.7 11.1 4.0 3.2
Depreciation 83.6 61.9 20.9 20.4
EBIT 735.0 430.1 581.6 259.0
EBIT Margin 9.5% 7.7% 15.6% 10.8%
Finance Cost 137.2 113.7 69.8 77.1
Profit before Tax 597.8 316.3 511.7 181.9
Tax 157.6 87.3 92.5 (11.3)
Profit After Tax 440.2 229.0 419.2 193.3
PAT Margin 5.7% 4.1% 11.2% 8.0%
Cash PAT (PAT+DA+ESOP) 673.6 435.1 440.1 213.7
EPS - Basic (₹) 4.06 2.48 4.57 2.11
EPS – Diluted (₹) 4.03 2.46 4.57 2.11

The Parent Company had incorporated a wholly owned subsidiary, Zaggle Technologies Limited (“ZTL”), a private Company in the UK in Jan-23, as a subscriber to the memorandum. ZTL had not commenced any
business, operations or activities. In Aug-23, the board decided to strike off ZTL’s name off the register in compliance with applicable provisions of the UK laws. Hence, all numbers presented are on standalone basis
27
Historical balance sheet (standalone)
Particulars FY24 FY23 FY22 FY21
Particulars FY24 FY23 FY22 FY21
EQUITY AND LIABILITIES
ASSETS Equity
Non-current assets Equity share capital 122.49 92.22 1.80 1.80
Property, plant and equipment 25.32 23.48 19.77 9.51 Other equity 5,631.33 395.29 -37.38 -457.31
Right-of-use assets 119.10 196.73 55.15 36.75 Total equity 5,753.82 487.51 -35.58 -455.51
Intangible assets 81.56 68.90 44.29 26.97 Liabilities
Intangible asset under Non-current liabilities
development 498.63 108.68 15.00 0
Financial liabilities
Financial assets
(i) Borrowings 154.73 513.29 483.27 376.92
(i) Investments 259.83 4.85 0 0 (ii) Lease liabilities 87.57 158.65 51.04 31.89
(ii) Other financial assets 46.12 14.69 7.3 4.13 Provisions 16.40 11.43 7.22 5.66
Other non-current assets 11.00 29.77 21.38 0 Total non-current liabilities 258.70 683.37 541.53 414.47
Income-tax assets (net) 27.60 119.01 123.59 74.70 Current liabilities
Deferred tax assets (net) 27.22 23.1 24.59 106.88 Financial liabilities
Total non-current assets 1,096.38 589.21 311.07 258.94 (i) Borrowings 581.29 697.44 161.45 313.92
Current assets (ia) Lease liabilities 42.68 44.10 7.35 7.85
(ii) Trade payables
Inventories 3.58 0.97 1.12 2.69
- Total outstanding dues
Financial assets of micro and small 6.53 9.63 7.77 0.08
enterprises
(i) Investments 5.20 12.32 0 0
- Total outstanding dues
(ii) Trade receivables 1,746.21 1026.59 429.51 226.81 of creditors other than
micro and small 13.10 82.56 99.58 190.96
(iii) Cash and cash equivalents 79.40 195.89 7.11 27.89 enterprises
(iv) Bank balances other than (iii) Other financial
2,713.67 30.07 29.00 5.00 liabilities 21.11 23.7
(iii) above
Provisions 0.95 0.22 0.14 0.11
(iv) Other financial assets 0 0 0 Other current liabilities 294.96 144.29 148.92
281.77
(v) Other financial assets 30.40 1.15 0 0 Current tax liabilities (net) 1.41 47.80 0 0
Other current assets 1,286.52 491.39 148.72 99.47 Total current liabilities 948.84 1,176.71 420.58 661.84
Total current assets 5,864.98 1,758.38 615.46 361.86 Total liabilities 1,207.54 1,860.08 962.11 1,076.31
Total assets 6,961.36 2,347.59 926.53 620.8 Total equity and liabilities 6,961.36 2,347.59 926.53 620.8
The Parent Company had incorporated a wholly owned subsidiary, Zaggle Technologies Limited (“ZTL”), a private Company in the UK in Jan-23, as a subscriber to the memorandum. ZTL had not commenced any
business, operations or activities. In Aug-23, the board decided to strike off ZTL’s name off the register in compliance with applicable provisions of the UK laws. Hence, all numbers presented are on standalone basis 28
Annexure

29
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Key awards, accreditations and recognitions

FINIXX Telangana Transformation

2024 - Best Best Tech Award” at
use of Employer Deloitte
Customer Brand Technology Fast
Loyalty Awards 50, 2024 INDIA
Program & 2024 International Startup Festival:
BW Businessworld Festival of
Best use of Lifetime Achievement Award to
Fintech Conclave Awards:
Print Ad Dr. Raj P Narayanam, 2024
Fintech Leader of the Year,
2024

BW Businessworld Festival of Best Digital Expense 11th Payments Industry

Govt of Telangana: Recognized Management Platform (India)
Fintech Conclave Awards: Awards: Best Spend
Pride of Telangana, 2024 2024 by CFI.co - Capital
Fintech Brand of the Year, Management System Provider,
2024 Finance International 2024

5.76 Top 50 Indian Digital Finance

Influencers 2024: Promoter Raj
Global Banking & Finance 10th Payments Industry Awards: BW Businessworld Festival of
Narayanam was awarded for
11th Payments Industry Award: Excellence in Innovation
his visionary contributions Best B2B Payment Solution Fintech Conclave Awards:
Awards: Best Card Initiative for Business Spend Management
persistently guide the FinTech Provider, 2023 Winner – Best Payments Solutions
Zaggle ZatiX Provider, 2024 Software India 2023
revolution in India. of the Year, 2023

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Thank you
Company
Zaggle Prepaid Ocean Services Limited
CIN: L65999TG2011PLC074795
Hari Priya, Company Secretary & Compliance Officer
Email id: Investor.Relations@zaggle.in

Investor Relations Advisor

Strategic Growth Advisors Pvt Ltd.
CIN: U74140MH2010PTC204285
Shikha Puri / Riddhish Bhayani
Email id: shikha.puri@sgapl.net /
riddhish.bhayani@sgapl.net
Tel No: +91 9819282743 / +91 9029319564

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