Nazara founder steps down as managing director
By Abha Lohia ·
Nazara Technologies: revenue and funding and every story →
- Nazara Technologies, founded in 1999, is one of India's oldest gaming firms and is listed on the stock exchanges
- Founder Nitish Mittersain leaves the managing director role to become non-executive director; CaratLane's Mithun Sacheti becomes executive director
- Arun Agrawal, formerly of Ness Digital Engineering, takes over as CFO, and a whole-time director will also leave in January 2027
What happened
- Nitish Mittersain steps down as managing director.
- He becomes founder and non-executive director.
- Mithun Sacheti becomes executive director.
- Arun Agrawal is the new CFO.
Why it matters
- It follows his earlier exit as CEO, replaced by Raymond Stauffer.
- Nazara agreed to buy Bluetile Games in March for $303 million.
- Sacheti became co-promoter last year.
The business
- Nazara is a listed Indian gaming company founded in 1999.
- It has holdings across esports, early learning and sports media.
The founders
What happens next
- Whole-time director Rohit Sharma leaves on 11 January 2027
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