Brands
Zaggle appoints Nilesh Dadpe and Rajesh Tummalaganti to senior roles
MUMBAI: Zaggle Prepaid Ocean Services Limited, India’s leading spend management and SaaS-led fintech player, has added fresh muscle to its senior leadership bench with two key appointments aimed at fuelling growth and tightening governance.
The company has named Nilesh Dadpe as executive vice president for cross sell and Rajesh Tummalaganti as deputy chief financial officer, signalling a clear intent to grow smarter while staying financially disciplined.
Dadpe steps in with a brief that is all about making more of what Zaggle already has. He will focus on deepening relationships with existing corporate clients and encouraging wider adoption of Zaggle’s solutions. With years of experience in enterprise sales and solution-led growth, his role is expected to boost customer lifetime value and turn long-term partnerships into steady, profitable momentum.
On the numbers side, Tummalaganti takes charge as deputy CFO, bringing a sharp eye for financial controls, compliance and strategic planning. His mandate includes strengthening reporting frameworks and supporting capital decisions, ensuring Zaggle’s finances remain as agile as its technology as the company grows its listed fintech footprint.
Zaggle founder and executive chairman Raj P. Narayanam, said the appointments reflect the company’s focus on balance. Growth, he noted, must go hand in hand with trust and transparency. While Dadpe adds firepower to the revenue engine, Tummalaganti reinforces the guardrails that keep the business steady.
Together, the expanded leadership team is expected to play a pivotal role in accelerating portfolio expansion, improving operational efficiency and delivering sustained value to customers, partners and shareholders. In short, Zaggle is tuning both its accelerator and its steering wheel as it heads into its next phase of growth.
Brands
Reliance Retail FY26 revenue rises 11.8 Per Cent to Rs 3.7 lakh crore
Q4 revenue up 11.1 Per Cent, hyperlocal orders surge 4x, PAT steady
MUMBAI: Reliance Retail isn’t just ringing up sales, it’s ringing doorbells faster than ever. Reliance Retail Ventures Limited (RRVL) reported a steady FY26 performance, with growth powered by store expansion, a sharp surge in hyperlocal commerce, and consistent traction across grocery, fashion and jewellery. For the full year, revenue rose 11.8 per cent year-on-year to Rs 3,70,026 crore. In the January–March quarter, revenue from operations climbed 11.1 per cent to Rs 87,344 crore, up from Rs 78,622 crore a year earlier.
Operating performance remained stable, with Q4 EBITDA inching up 3.1 per cent YoY to Rs 6,921 crore from Rs 6,711 crore. However, quarterly profit after tax held steady at Rs 3,563 crore. For the full fiscal, PAT grew 11.7 per cent to Rs 13,842 crore.
Expansion remained a key lever. RRVL added 1,564 new stores during FY26, while simultaneously scaling its digital and hyperlocal commerce play. The latter emerged as a standout, with daily orders surging more than fourfold year-on-year in Q4, underlining a clear shift towards faster, localised fulfilment.
In grocery, large-format stores maintained momentum, aided by festive demand and the expansion of Smart Bazaar, which crossed 1,000 stores. Promotional campaigns such as ‘Full Paisa Vasool’ delivered record results, with sales rising 26 per cent YoY.
Digital commerce also picked up pace. JioMart added 5.8 million new users in Q4, nearly doubling its registered base year-on-year. Hyperlocal orders grew 29 per cent sequentially and over 300 per cent annually during the quarter.
Fashion and lifestyle saw steady traction. Ajio recorded a 23 per cent YoY rise in average bill value, while fast-fashion platform Shein crossed 11 million app installs, scaling rapidly with expanding product lines.
The jewellery business added further shine, with average bill value jumping 53 per cent YoY, largely driven by rising gold prices and sustained consumer demand.
Commenting on the shift, RRVL executive director Isha Ambani said hyperlocal commerce has become a structural growth driver, with orders rising more than fourfold over the year.
Looking ahead to FY27, the company is betting on technology to deepen engagement. The focus, Ambani noted, will be on AI-led merchandising, sharper pricing strategies and disciplined execution turning scale into sustained customer value.
In short, the carts are fuller, the clicks are quicker, and the next phase looks less about reach and more about precision.
