Chitkara University Confers Raj P Narayanam, Chairman of Zaggle, with Honorary Doctorate for Contributions to FinTech and Entrepreneurship

Chandigarh, August 27, 2024: Chitkara University has conferred an Honorary Doctor of Literature (Honoris Causa) degree upon Raj P Narayanam, Founder and Executive Chairman of Zaggle Prepaid Ocean Services Limited. The honour, recommended by the Academic Council and Board of Management, recognises Narayanam's significant contributions to entrepreneurship, startup mentorship, and FinTech innovation.

Dr. Madhu Chitkara, Pro Chancellor of Chitkara University, praised Narayanam’s achievements, stating, "Raj P Narayanam exemplifies the spirit of innovation and entrepreneurship that Chitkara University strives to inspire in its students. His leadership in the fintech industry and dedication to nurturing young entrepreneurs are truly commendable. We are honoured to recognise his contributions with this honorary degree."

This recognition highlights Chitkara University's commitment to honouring leaders who have made impactful contributions to their fields, setting benchmarks in innovation and societal advancement. The university continues to promote an environment that encourages creativity, entrepreneurship, and real-world problem-solving, reflecting its mission to shape future leaders.

Raj P Narayanam has played a pivotal role in India's startup ecosystem, making strategic investments in 47 businesses and leading successful ventures. His work has been instrumental in empowering startups and stimulating growth within India's entrepreneurial community. Under his leadership, Zaggle has become a leading fintech firm, revolutionising digital spend management and maintaining profitability for 17 consecutive quarters. The recent oversubscription of Zaggle's IPO by more than 13 times highlights his ability to attract significant investor confidence, including from Foreign Institutional Investors (FIIs).

Apart from his business ventures, Narayanam has contributed to literature, celebrating the achievements of entrepreneurs and influential women through his publications. His book, Made in Hyderabad, profiles 25 local entrepreneurs, and his forthcoming release, 30 Power Women of Hyderabad, continues his mission to inspire through storytelling.

Expressing his gratitude for the honour, Raj P Narayanam said, "I am honoured to receive this prestigious degree from Chitkara University. I am deeply thankful for this recognition and remain committed to supporting the growth of the fintech industry and aspiring entrepreneurs."

Raj Narayanam's accolades include being named 'FinTech Leader of the Year' at the BW Festival of Fintech Conclave & Awards 2024. He has also been recognised as one of Asia’s Most Promising Business Persons by The Economic Times, and has received the Pride of Telangana Award, as well as the Entrepreneur Excellence Award from T-Hub.

Chitkara University congratulates Raj P Narayanam on this well-deserved honour and looks forward to his continued contributions to the fields of entrepreneurship and innovation. The university remains dedicated to celebrating and nurturing talent that drives progress and positive change in society.