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Zaggle open its new corporate office in Hyderabad, eyes at Rs 1200 crore revenue this year

Zaggle open its new corporate office in Hyderabad, eyes at Rs 1200 crore revenue this year

Hyderabad, Jan 26 (UNI) Zaggle, the only company listed B2B SaaS Fintech space from Hyderabad, has opened its state-of-the-art corporate office in Hyderabad’s Financial District.

The new office was inaugurated interestingly and innovatively. Instead of a celebrity or a VIP, the Ribbons were cut by well-known Startup Founders of 13 here on Saturday.

Features modern infrastructure like automated standing desks, soundproof phone booths, and green spaces, the 17,500 sq. ft. workspace which would accommodate over 400 employees, is designed to enhance the company’s global operations and core business functions, said. Dr Raj Narayanam, Founder & Executive Chairman of Zaggle, on the occasion.

Currently, 260 employees are working at the new office and it will scale up to 400 this year, he informed us and said that we have 11 offices across the country from where a working strength of around 1500.including contracted and non-contracted.

The revenue this year is expected to be around 1200 crore against Rs 775 crore last year, he said adding the company has been growing at the rate of 55-60 percent and expects to continue growing at that speed.

This financial year the company looks at making Rs.350 crore of Investment. 'We are going to announce an acquisition very soon amounting to around Rs. 250 crore, he said, overall, we look at Rs 600 crore of investment this year.

The company raised a QIP of Rs. 595 crore in December 2024 month alone, he said.

The Company plans to establish Innovation Labs, dedicated Training Programs, and Sustainability Initiatives in the workspace in the future, he said.

This office will catalyze empowering 'our team to drive forward transformative financial solutions, further solidifying our leadership in the SaaS FinTech sector', he added.

Avinash Ramesh Godkhindi, Managing Director and CEO, Zaggle said, “ Hyderabad’s dynamic ecosystem provides the ideal foundation for scaling our operations and driving innovation. This state-of-the-art facility will empower us to better serve our clients, create new growth opportunities, and enhance value for our stakeholders.”

UNI KNR BD

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