“More than 30,000 supply companions have generated their PRANs inside 72 hours of this integration and the platform is dedicated to allow multiple lakh supply companions with their NPS retirement accounts,” Zomato mentioned. | Photo Credit: Reuters

Zomato and HDFC Pension have collaborated to introduce ‘NPS Platform Workers Model’ for supply companions of the meals supply platform, in a bid to offer them entry to formal retirement advantages.

The mannequin was formally launched by Finance Minister Nirmala Sitharaman at an occasion organised by the Pension Fund Regulatory and Development Authority (PFRDA) on October 1.

“More than 30,000 delivery partners onboarded on Zomato have already generated their PRANs (Permanent Retirement Account Numbers) within 72 hours of this integration and the platform is committed to enable more than one lakh delivery partners with their NPS retirement accounts within 2025,” Zomato mentioned in an announcement.

Zomato operates on a gig-first mannequin, supporting a median of 5,09,000 unbiased month-to-month energetic supply companions as of Q1 FY26.

According to a NITI Aayog report, the variety of platform staff in India is estimated to develop to 23.5 million by FY 2029-30. Currently, there exists a spot when it comes to consciousness in addition to entry to formal retirement advantages for these staff. Owing to this motive, the retirement financial savings price amongst this particular part of the workforce is negligible.

The collaboration will allow unbiased gig staff onboarded on Zomato as supply companions, to take pleasure in advantages comparable to long-term monetary safety within the type of a lump sum and a month-to-month pension at retirement, together with flexibilities comparable to making small, common contributions.

In addition, with a long-term view, the mannequin additionally gives supply companions the choice of portability, permitting them to hold their advantages ahead as they progress of their careers.

“Digital integration has been accomplished to make the onboarding course of easy and hassle-free through the use of the prevailing KYC or eKYC of the gig staff, with their consent, on the PRAN (Permanent Retirement Account Numbers) technology degree,” Zomato acknowledged. Additional particulars could be submitted by the gig staff subsequently.

Sriram Iyer, Managing Director & CEO, HDFC Pension, mentioned, “Not all individuals have access to formal retirement planning instruments. Through the ‘NPS Platform Workers Model’, such individuals can now start planning for their retirement. This model not only enables them to plan for their retirement but also contributes towards bringing a larger section of our population under the umbrella of long-term financial security.”

Published – October 03, 2025 03:31 pm IST