About Nazara Technologies Limited

Nazara Technologies Limited is an Indian gaming and sports media company incorporated on December 08, 1999, with its registered office at 51-54, Maker Chambers 3, Nariman Point, Mumbai 400 021, Maharashtra. It is listed on BSE (Code 543280) and NSE (Symbol NAZARA). For FY 2024–25, key business activities on a standalone basis comprised Telco subscription packs (88.03% of turnover) and Freemium (ads and in‑app purchases) at 11.97%, with exports contributing 97.93% of standalone turnover. Operations span India and multiple international markets through subsidiaries and step‑downs across the UK, USA, Germany, Turkey, UAE and others. During the year and subsequent period, the group executed multiple acquisitions and incorporations, including Fusebox Games Ltd (UK), Freaks4U Gaming GmbH (Germany), Starladder Ltd, Trinity Gaming India, Space Time Media (UK), and new entities in the US and UK. The group also completed strategic exits and restructurings, such as sale of Sports Unity and Openplay’s shift to associate Moonshine. As of FY 2024–25, material unlisted subsidiaries included Nodwin Gaming Private Limited, Absolute Sports Private Limited, and Kiddopia Inc., with numerous additional subsidiaries and associates referenced in AOC‑1.

Nazara Technologies Limited Business Segment

• Revenue by segment (consolidated, as-if for FY 2024–25 acquisitions): eSports Rs 793.69 crore, Gaming Rs 641.21 crore, Ad‑tech Rs 515.25 crore, indicating a diversified portfolio across tournament IPs, game publishing, and advertising technology.

• Segment notes: eSports benefited from additions like Freaks4U, Starladder, and tournament/event IPs; Gaming included mobile titles and the acquisition of Fusebox (Love Island IP); Ad‑tech scale reflected the Space Time acquisition within the Datawrkz group.

Nazara Technologies Limited Key Management

• Vikash Mittersain — Chairman and Managing Director.

• Nitish Mittersain — Joint Managing Director and Chief Executive Officer.

• Rakesh Shah — Chief Financial Officer.

• Arun Bhandari — Company Secretary and Compliance Officer (appointed December 17, 2024).

• Board composition as of March 31, 2025: 8 Directors including 4 Independent Directors and 1 Woman Independent Director; Audit Committee chaired by Probir Kumar Roy.

Latest Updates on Nazara Technologies Limited

• Acquisition of 100% of Fusebox Games Ltd (UK) by Nazara Technologies UK Limited on August 23, 2024, for GBP 21.18 million.

• Nodwin Singapore completed 100% acquisition of Starladder Ltd on February 04, 2025, for US 5.50 million (part cash, part share swap).

• Nodwin Singapore completed acquisition of 100% of Freaks4U Gaming GmbH; total value cited around EUR 30.36 million across steps, resulting in subsidiary status.

• Trinity Gaming India Private Limited acquired 100% by Nodwin on December 13, 2024, for Rs 24.00 crore.

• Datawrkz Operations UK Ltd acquired 100% of Space Time Media Ltd on October 29, 2024, for GBP 4.8 million (cash and swap).

• Paper Boat Apps Private Limited stake increased to 100% with Rs 300.00 crore cash purchase from founders on September 06, 2024; subsequent amalgamation with Nazara approved by Board with Appointed Date modified to April 01, 2025, subject to NCLT.

• Acquisition of mobile game IPs “CATS: Crash Arena Turbo Stars” and “King of Thieves” from Zeptolab for US 7.70 million on February 03, 2025.

Preferential issues and proposed allotment triggering open offer; post‑offer, Axana Estates LLP and Plutus Wealth Management LLP to join promoter group alongside existing promoters.