Nazara Tech - Business Outrank

Nazara Technologies is growing its gaming business fast, especially in the US market, for the long term. Internationally, the company is seeing strong traction and is ramping up marketing in high revenue segments. Nazara Tech's Joint MD & CEO, Nitish Mittersain said that the company is experiencing growing demand for its games across the world, with the US leading the way. He added, “We are seeing very good traction internationally, and if we continue growing profitably, we will accelerate our expansion.” In FY26, Nazara aims to grow at a rate faster than 10% in FY25, both in terms of revenue and profitability. It has reported a 66.7% YoY revenue growth in Q3FY25 and EBITDA of ₹52.4 crore, the highest ever. To support its growth, Nazara has raised INR 495 crore through a preferential allotment and has made strategic investments in new companies like ReelSaga. To strengthen its global footprint, the company is also in the process of acquiring high growth gaming studios. Despite having a very aggressive growth strategy, Nazara does not take financial risks and has a very conservative financial policy – the company has a clean balance sheet with no material impairments. Although, it is expected that provision for the loan made to Wings, a gaming accessories brand, will be done soon, the company is still very much financially healthy. Also, Nazara has finally closed the sale of its 94.85% stake in OpenPlay Technologies, which owns Classic Rummy, to Moonshine Technology, the parent of PokerBaazi. With a market capitalization of INR 8,170.13 crore and its stock price rising by 39% over the past year, Nazara Technologies Ltd. is emerging as a major player in the global gaming space.

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