Archive · 14 Aug 2025
Zaggle Q1 Profit Jumps, Challenges Telangana Tender Award
Zaggle, a financial tech company, made more money in the first few months of 2025 than they did last year.
Their profits went up by more than half!
They made about 26 crore rupees.
They also made a lot more money overall, about 331 crore rupees.
Zaggle is working on using Artificial Intelligence to help with things like sales and customer service.
The company has also taken the government to court over a project for a digital wallet.
Zaggle's Q1 net profit increased by 54.8% to ₹25.9 crore.
Revenue for the quarter reached ₹331.49 crore, a 31.4% increase.
The company serves over 3,500 corporate clients and supports 3.39M+ users.
Zaggle has launched AI initiatives in sales automation, customer support, and bill processing.
Zaggle challenged a Telangana government tender award for T-Wallet implementation.
- Who
- Zaggle Prepaid Ocean Services Limited.
- What
- Zaggle reported increased profits and revenue in Q1 and challenged a government tender.
- When
- Q1 ended June 30, 2025, the tender challenge was announced on August 14, 2025.
- Where
- Based in India and challenged a tender in Telangana.
- Why
- Zaggle is challenging the tender award because it believes the evaluation process lacked transparency and favored a higher-priced bidder.
Zaggle's View
Government's Potential View
Tender Award Evaluation
Zaggle's View
Zaggle believes the tender evaluation was arbitrary and lacked transparency.
Government's Potential View
The government may believe the evaluation process was fair and followed proper procedures.
- Q1 Net Profit
- ₹25.9 crore
- Q1 Revenue
- ₹331.49 crore
- Revenue Growth
- 31.4%
- Profit Growth
- 54.8%
- Corporate Clients
- 3,500+
- User Base
- 3.39M+
- Prepaid cards issued
- 50 million