Nazara Technologies CEO Manish Agarwal steps down

Manish Agarwal, the chief government officer (CEO) of gaming firm Nazara Applied sciences , has determined to step down from his position efficient December 1 to pursue an entrepreneurial journey. He’ll proceed to be related as a board member.

Nazara founder Nitish Mittersain, who was the Joint Managing Director of the gaming agency, has been appointed because the CEO, efficient December 1, the corporate mentioned in change submitting. Each Nitish and Manish have labored intently with one another since Nazara’s inception in 2000.

“Manish and I’ve labored intently collectively over the past 7 years to construct a powerful basis on which Nazara will proceed to develop quickly within the years to return. I want him all one of the best in his future endeavours,” Nitish mentioned.

Manish served because the CEO of the gaming firm for near eight years and helped the corporate make a mark within the Indian gaming ecosystem. Nazara was publicly listed in 2021, making it the primary Indian gaming firm to go for an preliminary public providing (IPO).

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Beforehand Manish has labored in management roles at a number of outstanding firms together with, Reliance Leisure, UTV, Microsoft, and Rediff.com. 

The gaming agency additionally introduced the appointment of Sudhir Kamath because the chief working officer (COO) of the corporate with impact from October 20. Sudhir has over 20 years of expertise in technique consulting, personal fairness investing, and operations. Previous to this, he was the CEO of Sparskills Applied sciences the place he developed and scaled the 9stacks gaming model.

In the meantime, Nazara introduced that its income jumped 104% to Rs 264 crore within the September-ended quarter, in comparison with the identical interval final 12 months, pushed by development in its esports, freemium and advert tech enterprise. Revenue after tax elevated marginally to Rs 17 crore from Rs 15.3 crore within the second quarter FY 21-22. 

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