Hyderabad-based Zaggle bags 85 new contracts in Q1

AT&T, Mitsubishi Electric Corp, Philips Carbon, UpGrad, RXIL, Perelli, Liberty Steel, Motilal Oswal and Nuvoco Vista are some of the top clients that the company has bagged in this quarter.

Hyderabad: Hyderabad-headquartered Zaggle said it has bagged 85 new contracts in the first quarter of FY22, for providing expense management solutions to various companies across domains. The company has touched Rs 450 crore worth of new contracts between April and June 2021.

AT&T, Mitsubishi Electric Corp, Philips Carbon, UpGrad, RXIL, Perelli, Liberty Steel, Motilal Oswal and Nuvoco Vista are some of the top clients that the company has bagged in this quarter.

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Zaggle has witnessed a 30 per cent growth in the existing quarter as compared to the former. The company has been helping corporates and SMEs to digitise their spends and expenses with the help of its bespoke products- expense management platform, and rewards and recognition platform. Along with that, the pre-paid card business has also been successful for a lot of SMEs.

Commenting on the big win, Raj N, founder and chairman of Zaggle, said, “At Zaggle, our main objective is to alleviate the intricacies of expense management that companies face.”

Avinash Godkhindi, CEO & MD, Zaggle, said, “This quarter has been a huge win for us. We have already surpassed 30 per cent growth and it is definitely going to invigorate the further success of the company in the present fiscal year.”

The company said, recognising the difference in handling the cash flow and spends after using these products, many corporate biggies have set a foot forward to utilise the services of Zaggle for a more hassle-free management of their expenses. Through Zaggle’s services and products, the corporates will be able to facilitate smooth employee reimbursements, offer the perks of employee tax benefits, incentives, and rewards.

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