Mumbai: Zaggle Prepaid Ocean Services Limited, a SaaS FinTech and global spend management platform, has announced the appointment of Venkatesh Ramachandran as Group Chief Financial Officer, effective immediately.
The appointment comes as Zaggle looks to strengthen its financial leadership and governance framework to support its next phase of profitable and scalable growth. With over 27 years of experience, Ramachandran brings expertise across mergers and acquisitions, IPOs, capital markets, corporate restructuring, multinational finance, and operational transformation.
The company said the appointment aligns with its broader strategy of strengthening financial architecture, governance standards, and capital discipline as it pursues international expansion, AI-led platform investments, and inorganic growth opportunities.
Zaggle reported its strongest-ever annual performance in FY26, posting revenue of ₹19,076 million and PAT of ₹1,388 million, marking a 51.8% year-on-year growth. The company also recorded Cash PAT exceeding ₹1,779 million and has projected approximately 40% consolidated revenue growth for FY27.
According to the company, Ramachandran’s appointment will play a key role across four strategic priorities including capital allocation, governance and compliance, M&A integration, and international finance readiness, particularly as Zaggle expands into markets such as MENA and the US while strengthening its GIFT City operations.
Welcoming the appointment, Dr. Raj P. Narayanam, Founder & Executive Chairman, Zaggle Prepaid Ocean Services Limited, said, “We are delighted to welcome Venkatesh to the Zaggle leadership team. As we accelerate into our next phase of growth, scaling our platform, deepening monetization, pursuing strategic acquisitions and expanding internationally, having a Group CFO of Venkatesh’s caliber is a critical strategic investment.
His depth of experience across M&A, capital markets, international finance and governance will strengthen the financial architecture that underpins our long-term value creation roadmap. For our investors, this appointment reflects our commitment to building best-in-class leadership that is commensurate with the scale and ambition of the business we are building.”
Over the course of his career, Ramachandran has held multiple CFO and senior finance leadership roles across more than seven industries, bringing experience in corporate finance, treasury, private equity, governance, and enterprise-wide operational efficiency.
The company added that his expertise would also support the financial integration of Zaggle’s recent and future acquisitions, including the DICE AI Spend Management platform transaction, as it continues to scale its global spend management ecosystem.
