Zaggle Appoints Paromita Deb Areng As Chief Human Resource Officer

Zaggle, one of India’s few profitable SaaS FinTech companies and a pioneer in digitizing business spends, today announced the appointment of Paromita Deb Areng as Chief Human Resource Officer (CHRO).

Paromita will play a significant role towards further strengthening Zaggle’s market leadership position in India. She will also be responsible for designing and implementing its people strategy, and spearheading key initiatives such as organisational work culture and talent management.

Under her leadership, Zaggle plans to increase its workforce to 1,000 by 2023, from its current base of 350. The company aims to hire professionals across several disciplines such as data scientists, business development, sales, product tech, etc. as part of its strategy to build innovative solutions for corporate spends, while also meeting the needs of SMEs and Startups. Zaggle, has seen a phenomenal growth over the last few years and accordingly tripled its employee strength to 350 in the last one year.

Paromita, who specializes in building high-performing teams, is an HR veteran with 15 years of experience as a trusted advisor to senior leaders in both Indian and multinational companies.

Prior to joining Zaggle, Paromita was Group Lead – HR at Dr. Reddy's Laboratories, where, in addition to India, she anchored the HR agenda for global corporate functions across the US, Europe, Russia and CISR countries. She has also held key positions in global companies such as Reliance Industries, MSD Pharmaceuticals, Boehringer, Ingelheim, Mylan and Roche. She is passionate about employee-company strategy and helping people realise their full potential. Paromita is a B.E. in Computer Science from Goa Engineering College and a PGDM in Human Resources and Marketing from IIM, Kozhikode.

Commenting on the new appointment, Raj N., Founder and Chairman, Zaggle, said, “I am delighted to welcome Paromita to our senior leadership team. With her vast experience across diverse industries and work cultures, Paromita, will drive the overall talent strategy that supports Zaggle’s business plan and help build a nimble, creative organisation where people come together to work, play, innovate and create solutions for Enterprises & SMEs of the future.”

Zaggle’s MD and CEO Avinash Godkhindi, said, “At Zaggle, we deeply care for the growth and well being of our team. Paromita joins us at a very exciting time, as we look forward to hypergrowth by leading the digital transformation of business spends in India in the coming days and around the globe in the coming years. I am thrilled to have her as part of the senior leadership team and am confident that her people first philosophy and strong leadership will further enhance Zaggle’s vibrant work culture and transform our people practices.

Paromita Deb Areng, CHRO, Zaggle, said, “This is an exciting time for the FinTech ecosystem in India and I am thankful to the senior leadership at Zaggle for this opportunity and am equally delighted at the prospect of contributing to an organisation that is one of the emerging leaders in its space. While the environment all around us is changing rapidly and there are opportunities galore, the future belongs to organisations that are creative, employee-first and built on the foundation of strong values. I look forward to further augmenting the inclusive and diverse culture at Zaggle that encourages innovation, collaboration and personal development to align with its overarching objectives.”

Zaggle has been strengthening its leadership team with a focus on long term growth strategy. The company has recently on-boarded Sathish N as its Chief Product Officer. Earlier, Zaggle announced the appointment of Vidyaniwas Khetawat as Chief Financial Officer and Raghav Hari Choudhary as VP - Investor Relations & Corporate Development.