Zaggle Prepaid Ocean Services Limited has secured a three-year contract from CNH Industrial (India) Private Limited to provide its Zaggle Propel reward platform. The agreement marks a domestic collaboration between the two entities.
Under the terms of the contract, Zaggle will deliver its Propel reward platform to CNH Industrial India over the three-year period. The nature of the arrangement is classified as an agreement with a domestic entity. Zaggle confirmed that the transaction does not fall under related party transactions and that neither its promoters, promoter group, nor group companies hold any interest in CNH Industrial India.
CNH Industrial is a global capital goods company operating across agricultural and construction equipment sectors, with a significant presence in India. The Zaggle Propel platform is designed to manage employee rewards and recognition programmes, offering digital solutions for incentive distribution and engagement.
The contract reinforces Zaggle’s position in the corporate rewards and employee benefit management space. The company specialises in prepaid cards, expense management solutions, and digital payment platforms serving businesses across India.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by News Desk before publication.
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