Zaggle Partners with HPCL for Fleet Card Program 'Drive Track Plus'
Zaggle has partnered with Hindustan Petroleum Corporation Limited (HPCL) for their 'Drive Track Plus' fleet card program. The 5-year agreement involves Zaggle providing loyalty rewards for fuel purchases to corporate, fleet, and retail customers. The contract value is variable, dependent on user onboarding and fuel spends.
The partnership is significant as it involves a major oil company and has a 5-year tenure. However, the exact financial value is not disclosed, making the immediate financial impact uncertain.
The announcement details a new strategic partnership with a major public sector undertaking (HPCL) for a 5-year program, which is expected to drive business growth and customer engagement.
Zaggle Prepaid Ocean Services Limited (Zaggle) has announced its entry into a significant agreement with Hindustan Petroleum Corporation Limited (HPCL) on June 30, 2026. This collaboration marks a strategic partnership for HPCL's flagship fleet program, 'Driver Track Plus'.
Under the terms of the agreement, Zaggle will provide loyalty reward points, funded by HPCL, for the purchase of petroleum products. These rewards are intended for Zaggle's corporate, fleet, and retail customers, as well as fuel consumers designated through the integration of Zaggle's platform with HPCL's 'Drive Track Plus' fleet card program.
The agreement is with a domestic entity and is classified as an 'Agreement'. The execution period for this contract is set at 5 years. The commercial consideration is directly linked to the number of users onboarded by Zaggle and the fuel spending by its customers on the HPCL Drive Track Plus program throughout the agreement's tenure. Due to this variable nature, the exact value of the contract cannot be ascertained at this stage. Neither the promoter nor the promoter group has any interest in HPCL, and the transaction does not fall under related party transactions.
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Zaggle Prepaid Ocean Services Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Zaggle Prepaid Ocean Services Limited. Read the original for the full detail.