Zaggle Founder Announces ₹4 Crore Upgrade for Alma Mater
Dr. Raj P. Narayanam, Founder & Executive Chairman of Zaggle, has announced a transformational initiative worth approximately ₹4 crore for his alma mater, Kulachi Hansraj Model School (KHMS) in Ashok Vihar, New Delhi. The initiative is one of the largest alumni-led contributions in the 132-year history of the DAV College Managing Committee, aimed at strengthening education, infrastructure, and future-ready learning.
Comprehensive Development Plan
The development plan includes the renovation and modernization of 21 classrooms with air-conditioning and upgraded learning infrastructure. The school washrooms will undergo comprehensive renovation to enhance hygiene and student well-being. A state-of-the-art Artificial Intelligence (AI) Lab aligned with global standards will be established. The school auditorium will be modernized. A welfare corpus of ₹25 lakh will be created for Class IV employees and their families. A significant portion of the announced work has already been completed, with the remaining projects progressing as planned.
Alumni-Led Contribution
Founded under the DAV movement, Kulachi Hansraj Model School belongs to one of the world's largest educational ecosystems, spanning over 900 institutions and a global alumni network exceeding four million individuals. DAV's legacy includes alumni such as former Prime Ministers Dr. Manmohan Singh and Shri Atal Bihari Vajpayee, sporting icons Kapil Dev, M.S. Dhoni, and Yuvraj Singh, actor Shah Rukh Khan, astronaut Kalpana Chawla, and numerous leaders who have shaped India's progress.
Dr. Raj P. Narayanam's Statement
Speaking on the occasion, Dr. Raj P. Narayanam said, "Everything I have achieved professionally can be traced back to the values, discipline and education I received at Kulachi Hansraj Model School. This institution played a defining role in shaping my journey and this initiative is my way of giving back to a place that has contributed so much to my life."
He further added, "India's future will be shaped in its classrooms. Creating future-ready schools requires a combination of modern infrastructure, technology-driven learning and student well-being. I hope this initiative not only enhances the learning experience at KHMS but also inspires alumni across the country to reconnect with their alma maters and contribute towards building stronger educational institutions for future generations."
About Zaggle
Incorporated in 2011, Zaggle (BSE: ZAGGLE) (NSE: 543985) is India's leading B2B2C SaaS FinTech and Global Spend Management platform offering prepaid cards, tax and payroll SaaS and enterprise financial technology products. With over 50 million prepaid cards issued and 3.9 million users served as of March 31, 2026, Zaggle serves enterprises across banking, technology, healthcare, manufacturing, FMCG, infrastructure and the automobile sector.
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