Man carrying a box of personal items exits an office as another man watches.
Zaggle, a listed fintech SaaS company, announced the resignation of its chief financial officer (CFO), Aditya Kumar, effective April 3. Kumar cited “personal reasons” for his departure.
Kumar joined Zaggle in 2022 as vice president – finance and was subsequently promoted to CFO later that year. Prior to Zaggle, he held positions at Spandana Sphoorty, noon, and The Sanmar Group.
Zaggle has appointed deputy CFO, Rajesh Tummalaganti, as interim CFO. Tummalaganti joined Zaggle in December 2025, following over 13 years with Head Digital Works, the parent company of RMG gaming platform A23.
This C-suite change occurs amidst significant business activity for Zaggle. The company recently finalized the acquisition of UPI provider Rio.Money (now Zagg) and approved an investment of ₹50 Cr in the subsidiary. However, Zaggle’s board has called off the acquisition of a majority stake in SaaS firm Effiasoft, reassessing the “strategic need” of the deal. Zaggle had planned to acquire a 51% stake in Effiasoft for ₹41.31 Cr in May 2025.
Zaggle anticipates strong revenue growth in FY27, projecting standalone revenue growth of 25-30% and consolidated revenue growth of approximately 40%. In Q3 FY26, Zaggle reported a net profit of ₹37.1 Cr, an 88% increase year-over-year, with operating revenue up 56% YoY to ₹525.6 Cr.
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