Zaggle Signs Strategic Fleet Program Agreement With Megha City Gas

Updated: October 22, 2025 15:40

Image Source : Investment Guru

Zaggle Prepaid Ocean Services Ltd has signed a five-year agreement with Megha City Gas Distribution to deploy its Fleet Program. The partnership aims to digitize fuel and fleet operations, enhance cost efficiency, and expand Zaggle’s presence in the energy logistics sector. The deal was disclosed under SEBI Listing Regulations.

Zaggle Prepaid Ocean Services Ltd has entered into a strategic agreement with Megha City Gas Distribution Pvt Ltd to deploy its Fleet Program across Megha’s operations. The five-year partnership marks a significant expansion of Zaggle’s domestic footprint in the prepaid services and fuel management sector.

Key Highlights From The Agreement
- The agreement was disclosed under SEBI Listing Regulations and announced to both BSE and NSE on October 21, 2025
- Zaggle will provide its Fleet Program solution to Megha City Gas for a five-year term, enabling efficient fuel tracking, expense management, and digital integration
- The partnership is expected to streamline Megha’s logistics and fleet operations across its city gas distribution network
- Zaggle’s Fleet Program includes prepaid fuel cards, real-time analytics, and automated expense reconciliation, tailored for large-scale utility and transport companies
- This collaboration reinforces Zaggle’s positioning as a leading fintech player in the B2B prepaid and expense automation space
- The deal follows Zaggle’s recent expansion into utility-linked fleet services, aligning with India’s push for digital infrastructure in energy and transport sectors

Strategic And Operational Relevance
The partnership reflects a growing trend of digital transformation in India’s energy logistics. By integrating Zaggle’s fintech solutions, Megha City Gas aims to enhance operational transparency, reduce fuel pilferage, and improve cost efficiency across its fleet.

Industry Context
India’s city gas distribution sector is expanding rapidly, with increased focus on clean energy and efficient logistics. Fintech platforms like Zaggle are playing a key role in digitizing backend operations for utility providers, offering scalable and secure solutions.

Outlook
The five-year agreement is expected to generate recurring revenue for Zaggle and deepen its presence in the energy and infrastructure verticals. Analysts anticipate further collaborations with other utility firms as digital fleet management becomes a sector-wide priority.

Sources:
[1] Capital Market – Zaggle Prepaid Ocean Services Partners With AGP City Gas
[2] Finance Saathi – Zaggle Enters Fleet Program Agreement With AGP City Gas
[3] Zaggle Investor Relations – SEBI Disclosure October 2025