Zaggle Prepaid Ocean Services Limited, a leading fintech player in the domain of corporate spend management and prepaid solutions, has announced a strategic domestic agreement with Apollo Health and Lifestyle Limited along with its subsidiaries. The agreement is set to run for three years and will see Zaggle deploying its acclaimed platforms Zaggle Zoyer and Zaggle Save, both focused on employee expense management and benefits provisioning.

This Regulation 30 disclosure was made on July 4, 2025, to both the NSE and BSE, in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and specifically aligning with the requirements outlined in SEBI circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Under the scope of this new domestic agreement, Zaggle will offer comprehensive services through its proprietary platforms:

• Zaggle Zoyer, which offers automated and policy-driven employee expense management.

• Zaggle Save, which delivers customisable employee benefit solutions for businesses, focusing on improving cost efficiency, employee satisfaction, and compliance.

This deal between Zaggle and Apollo Health and Lifestyle Limited represents a major move in the corporate expense and benefit management landscape in India. Apollo, a prominent player in the healthcare and wellness industry, operates through numerous medical centres and diagnostics units, and this partnership is expected to impact a large base of employees across its subsidiaries.

Key Highlights of the Agreement

• Duration: The contract spans three years, showcasing long-term confidence between both parties.

• Nature: It is a domestic business agreement and does not fall under related party transactions, thereby eliminating any conflict-of-interest concerns.

• Promoter Interest: There is no involvement of promoter or group companies from Zaggle in the awarding entity, affirming that the deal is executed at arm’s length.

The financial consideration or value of the contract has not been specifically disclosed in the filing, but the nature of the services indicates that it holds strategic importance for Zaggle’s growth in the enterprise expense and HR tech domain.

Implications for Zaggle

This agreement significantly reinforces Zaggle’s market position in the corporate fintech solutions sector. The addition of Apollo Health and its subsidiaries to its clientele helps:

• Expand Zaggle’s footprint in the healthcare and wellness vertical.

• Validate the effectiveness and adaptability of its platforms – Zoyer and Save – in complex enterprise environments.

• Provide a predictable revenue stream over three years, aligning with Zaggle’s long-term growth strategy.

As organisations increasingly look towards digitised and policy-driven solutions for internal processes, platforms like Zaggle Zoyer and Zaggle Save are gaining traction for their ability to streamline expense control, compliance monitoring, and employee engagement.

Apollo’s Perspective

From Apollo Health and Lifestyle Limited’s standpoint, this collaboration will likely:

• Enhance operational efficiency by automating expense tracking.

• Offer employees seamless access to customised benefits.

• Ensure real-time compliance and reduced manual intervention in HR and finance workflows.

The decision to collaborate with Zaggle points to Apollo’s commitment to leveraging fintech solutions for boosting internal productivity and improving employee-centric processes.

SEBI Regulation 30 and Corporate Governance

By disclosing this deal under Regulation 30, Zaggle underscores its commitment to transparency and regulatory compliance. According to Annexure-A of the disclosure, all relevant fields including the nature, duration, and terms of the agreement have been detailed clearly. This level of transparency is vital for:

• Keeping investors informed.

• Enhancing stakeholder confidence.

• Meeting listing obligations as per SEBI norms.

This is especially important as corporate governance becomes a key driver for investor sentiment and brand reputation in the listed space.

Market Outlook and Growth Trajectory

This partnership with Apollo Health aligns with Zaggle’s broader strategy of targeting large enterprise clients in high-growth sectors. By tapping into healthcare, one of the fastest-growing and employee-intensive sectors in India, Zaggle is positioning itself as a go-to fintech player for enterprise-level financial automation.

Some likely developments in the future for Zaggle include:

• Further expansion into multi-sector partnerships including education, retail, and logistics.

• Integration of AI and analytics into its platforms for smarter insights and forecasting.

• Potential international contracts, building on domestic success.

Broader Sectoral Impact

As businesses increasingly invest in employee experience and process digitisation, solutions like Zaggle’s are no longer optional – they are critical enablers of efficiency, compliance, and agility. This deal with Apollo serves as a case study for other enterprises, particularly in the service and healthcare domains, on how digital platforms can transform internal workflows.

Moreover, in an era where data-driven HR and finance processes are crucial, tools like Zaggle Zoyer and Save offer real-time insights, helping organisations reduce costs, prevent fraud, and maintain audit trails.

Conclusion

The three-year agreement between Zaggle Prepaid Ocean Services Limited and Apollo Health and Lifestyle Limited is a strategic step forward in the digitisation of corporate expense and employee benefit management in India. The deal, which was disclosed under Regulation 30 of SEBI LODR, underscores the rising importance of fintech partnerships in enterprise processes.

By providing Zaggle Zoyer and Save platforms to a major domestic healthcare group, Zaggle reinforces its status as a key enabler of digital transformation in HR and finance functions. The contract not only adds a valuable client to its portfolio but also strengthens its trajectory towards becoming India’s preferred corporate fintech platform.

This development reflects Zaggle's long-term vision of offering scalable, innovative, and regulatory-compliant solutions that simplify the way Indian businesses manage employee engagement and corporate spend.

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