Home / Business and Economy / Zaggle Fintech Sees CFO Exit, Interim CFO Takes Over
Zaggle Fintech Sees CFO Exit, Interim CFO Takes Over
5 Apr
Summary
- Aditya Kumar stepped down as CFO on April 3, 2026, citing personal reasons.
- Rajesh Tummalaganti has been appointed as the interim CFO of the company.
- Zaggle reported an 88% net profit increase YoY to Rs 37.1 crore.
Aditya Kumar, the Chief Financial Officer of fintech firm Zaggle Prepaid Ocean Services, has resigned from his position, with his departure effective April 3, 2026. Kumar cited personal reasons for his decision in a letter to the board.
Following Kumar's resignation, the company has appointed Rajesh Tummalaganti as the interim CFO. Tummalaganti brings over two decades of experience, having previously worked at Ernst & Young and Kineta Global Limited before joining Zaggle as deputy CFO in December of the previous year.
Kumar had joined Zaggle in 2022 and was promoted to CFO within four months. His prior experience includes roles at Spandana Sphoorty, Noon, and The Sanmar Group. The company recently announced strong financial results, with net profit soaring by 88% to Rs 37.1 crore compared to the previous year, and operating revenue growing by 56%.
