India's Most Valuable Companies 2021 edition · Source: Hurun India
Rank#373- Valuation
- ₹8,401 Cr
Market Cap
₹16,431 Cr
NAZARA · NSE
Share Price
₹403.75
+0.40% today
Revenue
₹1,829 Cr
FY 2025-26 · +12.6% YoY
EBITDA
−₹944 Cr
Margin -51.6%
Net Profit
₹970 Cr
FY 2025-26 · +1856.9% YoY
ROE
30.2%
ROCE 28.8%
Debt / Equity
0.07
Interest cover -2.0x
Authorised capital
₹90 Cr
Registered with MCA
About Nazara Technologies Limited
Data last updated:
Nazara Technologies Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the online gaming platforms segment of the internet and digital services sector. It was incorporated on 08 December 1999 and has been in existence for over 27 years.
Its director Mithun Sacheti is #1,055 among India's richest people (2026). Its director Nitish Mittersain and family are #1,277 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L72900MH1999PLC122970. Its GSTIN is 27AABCN0730A1Z7 (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 543280 and NSE: NAZARA.
The company has an authorised share capital of ₹90 Cr and a paid-up capital of ₹81.72 Cr. It was formerly known as Nazara.Com Private Limited and Nazara Technologies Private Limited. It is led by directors including Nitish Vikash Mittersain (Managing Director) and Rohit Sharma (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,828.98 Cr, a growth of 12.6% compared to the previous year. For the same year it recorded a net profit of ₹969.83 Cr (net margin 53%) and EBITDA of -₹943.95 Cr (EBITDA margin -51.6%). The net worth stands at ₹3,473.49 Cr (up 21.3% YoY). Total assets are valued at ₹3,774.76 Cr (up 8.6% YoY).
The company has about 75 employees on its provident fund (EPFO) records. Its group structure includes 14 subsidiaries.
The company is associated with 4 brands: ClassicRummy, Nazara, Sportskeeda and CrimzonCode. As per MCA filings, the company has open charges of ₹25 Cr and satisfied charges of ₹34.6 Cr on record. Court records list 33 cases involving the company, including 4 filed by the company and 29 filed against it; 3 cases are pending. The company has 80 deals on record (44 market trades, 18 funding rounds, 16 secondary share transfers), with disclosed funding of ₹3,802.16 Cr; the latest was in August 2026. The company has 3 MSME Form 1 returns on record between 2022 and 2024, listing 58 overdue payments to 8 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nazara.com.
Company details
CIN L72900MH1999PLC122970
Registration Number 122970
Incorporation Date 08 December 1999
ROC Mumbai
Listing Status Listed - Listed on NSE (NAZARA); Listed on BSE (543280)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Name history
Nazara Technologies has undergone 2 name changes throughout its history. The company was previously known as Nazara.Com Private Limited, and Nazara Technologies Private Limited. The current legal name is Nazara Technologies Limited.
| Company Name | Status |
|---|---|
| Nazara Technologies Limited | Current |
| Nazara.Com Private Limited | Previous |
| Nazara Technologies Private Limited | Previous |
CIN history
Nazara Technologies has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L72900MH1999PLC122970, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L72900MH1999PLC122970 | Current |
| U72900MH1999PTC122970 | Previous |
| U72900MH1999PLC122970 | Previous |
Key People
Nitish Vikash Mittersain Managing Director Rohit Sharma Whole-Time Director Shobha Haresh Jagtiani Director Recognitions & Rankings of Nazara Technologies
India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #1,055 Mithun Sacheti ₹2,500 Cr
- #1,277 Nitish Mittersain & family ₹1,800 Cr
Contact details
Nazara Technologies Limited's registered office is in Mumbai, Maharashtra. Its website is nazara.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address11th Floor Avighna House, Dr. A.B. Road, Mumbai, Maharashtra, India – 400018
- IndustryInternet, Online Gaming Platforms
To see the full contact details of Nazara Technologies Limited, buy the company report.
Comprehensive company report
Nazara Technologies Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Nazara Technologies operates multiple associated brands including ClassicRummy, Nazara, and Sportskeeda. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online platform for playing Indian Rummy card games for free or cash prizes. | classicrummy.com | |
| Diversified gaming and sports media platforms are operated and developed. | nazara.com | |
| Sports news and content are delivered via an online platform. | sportskeeda.com | |
| Digital entertainment apps are provided for quizzes, contests, and education. | crimzoncode.com |
Business activity
The main business activity of Nazara Technologies is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Nazara Technologies Limited, buy the company report.
Financials of Nazara Technologies Limited
FY 2025-26 filings availableNazara Technologies Limited reported revenue of ₹1,828.98 Cr (up 12.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹1,829 Cr
+12.6% YoY
EBITDA
−₹944 Cr
-1012.8% YoY
Profit After Tax
₹970 Cr
+1856.9% YoY
Net Worth
₹3,473 Cr
+21.3% YoY
Total Assets
₹3,775 Cr
+8.6% YoY
Total Debt
₹215 Cr
-1.8% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,829 | 1,624 | 1,138 | 1,091 | 622 | 454 | 248 |
| Revenue growth | +12.6% | +42.7% | +4.3% | +75.5% | +36.9% | +83.5% | - |
| EBITDA | (944) | 103 | 83.96 | 100 | 86.00 | 38.77 | (7.33) |
| EBITDA margin | -51.6% | +6.4% | +7.4% | +9.2% | +13.8% | +8.5% | -3.0% |
| Profit before tax | 60.19 | 66.30 | 88.73 | 86.80 | 69.90 | 16.72 | (20.81) |
| Net profit | 970 | 49.56 | 51.97 | 37.46 | 27.18 | 8.83 | (3.70) |
| Net profit margin | +53.0% | +3.1% | +4.6% | +3.4% | +4.4% | +1.9% | -1.5% |
| EPS (₹) | 2.59 | 8.65 | 7.39 | 5.95 | 8.74 | 3.03 | (0.76) |
| Balance sheet | |||||||
| Total assets | 3,775 | 3,477 | 2,368 | 1,360 | 1,208 | 784 | 601 |
| Net worth | 3,473 | 2,863 | 1,999 | 1,105 | 1,041 | 658 | 507 |
| Total debt | 215 | 219 | 27.70 | 38.14 | 4.30 | 1.31 | 8.04 |
| Cash & bank | 255 | 458 | 1,210 | 329 | 323 | 372 | 187 |
| Net working capital | 249 | 357 | 1,306 | 429 | 336 | 363 | 206 |
| Cash flow | |||||||
| Cash from operations | 149 | 65.50 | 90.79 | 8.10 | 62.10 | 67.90 | (2.20) |
| Cash from investing | (634) | (1,139) | (612) | (88.90) | (329) | (271) | 17.66 |
| Cash from financing | 361 | 805 | 946 | 14.80 | 335 | 217 | 3.37 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 429 | 398 | 406 | 526 | 499 | 520 | 535 | 319 |
| Revenue growth (YoY) | -14.0% | -23.5% | -24.1% | +65.1% | +99.4% | - | - | - |
| Other income | 8.78 | 50.69 | 11.34 | 1,104 | 92.02 | 18.71 | 21.94 | 25.31 |
| EBITDA | (37.74) | 43.52 | 66.61 | (1,079) | 23.19 | 19.41 | 36.71 | 22.07 |
| EBITDA margin | -8.8% | +10.9% | +16.4% | -204.9% | +4.6% | +3.7% | +6.9% | +6.9% |
| Depreciation | 47.71 | 45.52 | 59.70 | 60.82 | 64.52 | 37.29 | 30.52 | 25.74 |
| Interest | 3.56 | 6.23 | 4.34 | 6.77 | 5.15 | 4.80 | 2.81 | 1.75 |
| Profit before tax | (80.23) | 42.46 | 13.91 | (41.71) | 45.54 | (3.97) | 25.32 | 19.89 |
| Tax | 2.24 | (13.24) | 5.07 | (7.78) | (5.80) | (8.04) | 11.64 | 3.65 |
| Net profit | (82.47) | 55.70 | 8.84 | (33.93) | 51.34 | 4.07 | 13.68 | 16.24 |
| EPS (₹) | (2.16) | 1.27 | 0.30 | (0.85) | 7.73 | (0.22) | 3.28 | 3.11 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 73.84 | 34.42 | 23.31 | 23.00 | 20.40 | 32.93 | 46.12 |
| Revenue growth | +114.5% | +47.7% | +1.4% | +12.8% | -38.1% | -28.6% | - |
| EBITDA | (1,027) | (28.78) | (133) | (45.10) | (43.10) | (4.26) | 9.46 |
| EBITDA margin | -1390.4% | -83.6% | -568.9% | -196.1% | -211.3% | -12.9% | +20.5% |
| Profit before tax | (943) | 31.75 | (91.98) | (21.20) | (34.60) | (0.85) | 10.46 |
| Net profit | 46.77 | 14.71 | (106) | (27.00) | (35.30) | 0.98 | 5.95 |
| Net profit margin | +63.3% | +42.7% | -453.5% | -117.4% | -173.0% | +3.0% | +12.9% |
| EPS (₹) | (25.24) | 3.20 | (12.74) | (3.62) | (10.40) | 0.27 | 2.49 |
| Balance sheet | |||||||
| Total assets | 2,276 | 2,703 | 1,609 | 917 | 903 | 471 | 348 |
| Net worth | 2,242 | 2,681 | 1,603 | 916 | 899 | 470 | 343 |
| Total debt | 31.41 | 19.73 | 5.14 | 0.00 | 2.60 | 0.00 | 3.99 |
| Cash & bank | 71.31 | 74.48 | 873 | 101 | 28.50 | 56.19 | 3.90 |
| Net working capital | 240 | 373 | 917 | 105 | 18.30 | 15.18 | (3.81) |
| Cash flow | |||||||
| Cash from operations | (30.12) | (43.71) | (17.92) | (17.60) | (48.00) | 48.82 | 8.10 |
| Cash from investing | (460) | (1,145) | (362) | (24.20) | (321) | (158) | (4.29) |
| Cash from financing | 485 | 850 | 750 | 38.90 | 314 | 108 | (2.60) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17.39 | 18.44 | 17.06 | 18.02 | 20.32 | 12.68 | 7.03 | 6.72 |
| Revenue growth (YoY) | -14.4% | +45.4% | +142.7% | +168.2% | +154.3% | - | - | - |
| Other income | 21.06 | 50.71 | 15.53 | 15.98 | 26.20 | 14.26 | 15.31 | 17.83 |
| Total expenses | 94.05 | 52.88 | 26.47 | 1,000 | 21.22 | 16.86 | 20.22 | 12.12 |
| EBITDA | (76.66) | (34.44) | (9.41) | (982) | (0.90) | (4.18) | (13.19) | (5.40) |
| EBITDA margin | -440.8% | -186.8% | -55.2% | -5449.1% | -4.4% | -33.0% | -187.6% | -80.4% |
| Depreciation | 5.43 | 4.95 | 5.14 | 5.72 | 5.51 | 3.14 | 0.61 | 0.62 |
| Interest | 0.48 | 1.10 | 0.71 | 0.86 | 0.96 | 0.57 | 0.11 | 0.13 |
| Profit before tax | (61.51) | 10.22 | 0.27 | (973) | 18.83 | 6.37 | 1.40 | 11.68 |
| Tax | 1.64 | 6.31 | (0.19) | (5.58) | (8.78) | 2.33 | (0.24) | (1.05) |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 26 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 429 | 398 | 406 | 526 | 499 | 520 | 535 | 319 |
| Revenue growth (YoY) | -14.0% | -23.5% | -24.1% | +65.1% | +99.4% | - | - | - |
| Other income | 8.78 | 50.69 | 11.34 | 1,104 | 92.02 | 18.71 | 21.94 | 25.31 |
| EBITDA | (37.74) | 43.52 | 66.61 | (1,079) | 23.19 | 19.41 | 36.71 | 22.07 |
| EBITDA margin | -8.8% | +10.9% | +16.4% | -204.9% | +4.6% | +3.7% | +6.9% | +6.9% |
| Depreciation | 47.71 | 45.52 | 59.70 | 60.82 | 64.52 | 37.29 | 30.52 | 25.74 |
| Interest | 3.56 | 6.23 | 4.34 | 6.77 | 5.15 | 4.80 | 2.81 | 1.75 |
| Profit before tax | (80.23) | 42.46 | 13.91 | (41.71) | 45.54 | (3.97) | 25.32 | 19.89 |
| Tax | 2.24 | (13.24) | 5.07 | (7.78) | (5.80) | (8.04) | 11.64 | 3.65 |
| Net profit | (82.47) | 55.70 | 8.84 | (33.93) | 51.34 | 4.07 | 13.68 | 16.24 |
| EPS (₹) | (2.16) | 1.27 | 0.30 | (0.85) | 7.73 | (0.22) | 3.28 | 3.11 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,829 | 1,624 | 1,138 | 1,091 | 622 | 454 | 248 |
| Revenue growth | +12.6% | +42.7% | +4.3% | +75.5% | +36.9% | +83.5% | - |
| Other income | 1,258 | 91.53 | 79.63 | 49.48 | 24.10 | 14.33 | 14.64 |
| Total expenses | 2,773 | 1,520 | 1,054 | 991 | 536 | 415 | 255 |
| Employee cost | 314 | 287 | 186 | 149 | 88.10 | 48.69 | 31.87 |
| EBITDA | (944) | 103 | 83.96 | 100 | 86.00 | 38.77 | (7.33) |
| EBITDA margin | -51.6% | +6.4% | +7.4% | +9.2% | +13.8% | +8.5% | -3.0% |
| Depreciation | 231 | 118 | 66.99 | 57.15 | 39.00 | 35.48 | 26.88 |
| Interest | 23.80 | 10.95 | 7.87 | 5.96 | 1.20 | 0.90 | 1.24 |
| Profit before tax | 60.19 | 66.30 | 88.73 | 86.80 | 69.90 | 16.72 | (20.81) |
| Tax | (21.75) | 15.34 | 13.98 | 25.42 | 19.20 | 3.07 | 5.80 |
| Net profit | 970 | 49.56 | 51.97 | 37.46 | 27.18 | 8.83 | (3.70) |
| Net profit margin | +53.0% | +3.1% | +4.6% | +3.4% | +4.4% | +1.9% | -1.5% |
| EPS (₹) | 2.59 | 8.65 | 7.39 | 5.95 | 8.74 | 3.03 | (0.76) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 74.10 | 35.05 | 30.62 | 26.47 | 13.00 | 12.18 | 11.20 |
| Reserves & surplus | 3,399 | 2,828 | 1,968 | 1,078 | 1,028 | 646 | 496 |
| Shareholders' funds (net worth) | 3,473 | 2,863 | 1,999 | 1,105 | 1,041 | 658 | 507 |
| Minority interest | 78.21 | 374 | 336 | 212 | 157 | 121 | 82.97 |
| Secured loans | 3.81 | 0.00 | 0.00 | 19.64 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 211 | 219 | 27.70 | 18.50 | 4.30 | 1.31 | 8.04 |
| Total debt | 215 | 219 | 27.70 | 38.14 | 4.30 | 1.31 | 8.04 |
| Total liabilities | 3,775 | 3,477 | 2,368 | 1,360 | 1,208 | 784 | 601 |
| Assets | |||||||
| Gross block | 1,870 | 2,087 | 861 | 755 | 549 | 383 | 398 |
| Net block | 1,431 | 1,731 | 608 | 583 | 424 | 296 | 348 |
| Capital work in progress | 42.40 | 13.92 | 0.00 | 0.19 | 1.10 | 2.35 | 6.32 |
| Investments | 2,064 | 1,312 | 439 | 332 | 442 | 118 | 58.30 |
| Inventories | 3.43 | 2.52 | 2.11 | 24.55 | 1.30 | 0.00 | 0.00 |
| Sundry debtors | 376 | 576 | 275 | 186 | 84.70 | 68.56 | 68.11 |
| Cash & bank balances | 255 | 458 | 1,210 | 329 | 323 | 372 | 187 |
| Loans & advances | 124 | 177 | 186 | 191 | 97.30 | 134 | 88.22 |
| Total current assets | 759 | 1,213 | 1,673 | 731 | 506 | 575 | 343 |
| Total current liabilities | 510 | 856 | 367 | 301 | 170 | 213 | 137 |
| Net working capital | 249 | 357 | 1,306 | 429 | 336 | 363 | 206 |
| Total assets | 3,775 | 3,477 | 2,368 | 1,360 | 1,208 | 784 | 601 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 299 | 567 | 142 | 208 | 140 | 72.10 | 53.26 |
| Net cash from operating activities | 149 | 65.50 | 90.79 | 8.10 | 62.10 | 67.90 | (2.20) |
| Net cash from investing activities | (634) | (1,139) | (612) | (88.90) | (329) | (271) | 17.66 |
| Net cash from financing activities | 361 | 805 | 946 | 14.80 | 335 | 217 | 3.37 |
| Net change in cash | (124) | (268) | 425 | (66.00) | 68.10 | 14.30 | 18.83 |
| Closing cash | 255 | 458 | 1,210 | 329 | 323 | 372 | 187 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +12.6% | +42.7% | +4.3% | +75.5% | +36.9% | +83.5% | - |
| EBITDA growth | -1012.8% | +23.2% | -16.4% | +16.8% | +121.8% | +628.9% | - |
| PBT growth | -9.2% | -25.3% | +2.2% | +24.2% | +318.1% | +9998.0% | - |
| Net income growth | +1856.9% | -4.6% | +38.7% | +37.8% | +207.8% | +338.7% | - |
| Revenue CAGR (3Y) | +18.8% | +37.7% | +35.8% | +64.0% | +54.2% | +38.2% | +9.2% |
| EBITDA CAGR (3Y) | - | +6.3% | +29.4% | - | +77.5% | +44.2% | - |
| Profitability & leverage | |||||||
| Net income margin | +4.5% | +3.1% | +6.6% | +5.6% | +8.2% | +3.0% | -10.8% |
| Return on capital employed | +28.8% | +3.0% | +6.1% | +8.4% | +8.3% | +3.0% | -4.2% |
| Return on net worth | +30.2% | +2.1% | +4.8% | +5.7% | +6.0% | +2.3% | -5.8% |
| Debt / equity | 0.07 | 0.05 | 0.02 | 0.02 | 0.00 | 0.01 | 0.02 |
| Long-term debt / equity | 0.04 | 0.03 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 |
| Interest cover | -2.03 | -76.68 | 46.38 | 13.77 | 2.55 | 27.36 | -3.62 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.92 | 1.10 | 1.41 | 1.67 | 1.34 | 1.16 | 0.87 |
| Inventory turnover | 614.78 | 701.47 | 85.39 | 84.41 | 956.46 | 0.00 | 0.00 |
| Debtors turnover | 3.84 | 3.82 | 4.94 | 8.06 | 8.11 | 6.65 | 4.39 |
| EPS (₹) | 2.59 | 8.65 | 7.39 | 5.95 | 8.74 | 3.03 | (0.76) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 93.75 | 326.74 | 261.08 | 166.96 | 320.40 | 216.13 | 181.14 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17.39 | 18.44 | 17.06 | 18.02 | 20.32 | 12.68 | 7.03 | 6.72 |
| Revenue growth (YoY) | -14.4% | +45.4% | +142.7% | +168.2% | +154.3% | - | - | - |
| Other income | 21.06 | 50.71 | 15.53 | 15.98 | 26.20 | 14.26 | 15.31 | 17.83 |
| Total expenses | 94.05 | 52.88 | 26.47 | 1,000 | 21.22 | 16.86 | 20.22 | 12.12 |
| EBITDA | (76.66) | (34.44) | (9.41) | (982) | (0.90) | (4.18) | (13.19) | (5.40) |
| EBITDA margin | -440.8% | -186.8% | -55.2% | -5449.1% | -4.4% | -33.0% | -187.6% | -80.4% |
| Depreciation | 5.43 | 4.95 | 5.14 | 5.72 | 5.51 | 3.14 | 0.61 | 0.62 |
| Interest | 0.48 | 1.10 | 0.71 | 0.86 | 0.96 | 0.57 | 0.11 | 0.13 |
| Profit before tax | (61.51) | 10.22 | 0.27 | (973) | 18.83 | 6.37 | 1.40 | 11.68 |
| Tax | 1.64 | 6.31 | (0.19) | (5.58) | (8.78) | 2.33 | (0.24) | (1.05) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 73.84 | 34.42 | 23.31 | 23.00 | 20.40 | 32.93 | 46.12 |
| Revenue growth | +114.5% | +47.7% | +1.4% | +12.8% | -38.1% | -28.6% | - |
| Other income | 108 | 66.44 | 44.56 | 26.70 | 12.60 | 9.01 | 6.63 |
| Total expenses | 1,101 | 63.20 | 156 | 68.10 | 63.50 | 37.19 | 36.66 |
| Employee cost | 26.34 | 22.99 | 20.41 | 21.10 | 20.60 | 17.36 | 14.02 |
| EBITDA | (1,027) | (28.78) | (133) | (45.10) | (43.10) | (4.26) | 9.46 |
| EBITDA margin | -1390.4% | -83.6% | -568.9% | -196.1% | -211.3% | -12.9% | +20.5% |
| Depreciation | 21.32 | 4.96 | 2.40 | 2.70 | 3.80 | 5.45 | 5.11 |
| Interest | 3.63 | 0.95 | 1.52 | 0.10 | 0.30 | 0.15 | 0.52 |
| Profit before tax | (943) | 31.75 | (91.98) | (21.20) | (34.60) | (0.85) | 10.46 |
| Tax | (8.24) | 3.71 | 5.52 | 2.80 | (0.80) | (1.67) | 3.51 |
| Net profit | 46.77 | 14.71 | (106) | (27.00) | (35.30) | 0.98 | 5.95 |
| Net profit margin | +63.3% | +42.7% | -453.5% | -117.4% | -173.0% | +3.0% | +12.9% |
| EPS (₹) | (25.24) | 3.20 | (12.74) | (3.62) | (10.40) | 0.27 | 2.49 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 74.10 | 35.05 | 30.62 | 26.50 | 13.00 | 12.18 | 11.20 |
| Reserves & surplus | 2,168 | 2,646 | 1,572 | 889 | 886 | 458 | 332 |
| Shareholders' funds (net worth) | 2,242 | 2,681 | 1,603 | 916 | 899 | 470 | 343 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 31.41 | 19.73 | 5.14 | 0.00 | 2.60 | 0.00 | 3.99 |
| Total debt | 31.41 | 19.73 | 5.14 | 0.00 | 2.60 | 0.00 | 3.99 |
| Total liabilities | 2,276 | 2,703 | 1,609 | 917 | 903 | 471 | 348 |
| Assets | |||||||
| Gross block | 124 | 93.70 | 11.00 | 108 | 23.30 | 17.93 | 16.62 |
| Net block | 94.75 | 84.01 | 4.85 | 0.90 | 2.70 | 0.96 | 5.09 |
| Capital work in progress | 0.00 | 5.17 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 1,800 | 2,234 | 685 | 806 | 870 | 444 | 336 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 19.81 | 17.00 | 5.04 | 3.00 | 0.50 | 4.19 | 8.46 |
| Cash & bank balances | 71.31 | 74.48 | 873 | 101 | 28.50 | 56.19 | 3.90 |
| Loans & advances | 173 | 317 | 56.94 | 10.40 | 5.30 | 54.82 | 7.73 |
| Total current assets | 264 | 408 | 935 | 114 | 34.30 | 115 | 20.09 |
| Total current liabilities | 24.47 | 35.03 | 18.35 | 8.70 | 16.00 | 100 | 23.90 |
| Net working capital | 240 | 373 | 917 | 105 | 18.30 | 15.18 | (3.81) |
| Total assets | 2,276 | 2,703 | 1,609 | 917 | 903 | 471 | 348 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 28.89 | 368 | 0.65 | 3.60 | 56.20 | 3.90 | 2.70 |
| Net cash from operating activities | (30.12) | (43.71) | (17.92) | (17.60) | (48.00) | 48.82 | 8.10 |
| Net cash from investing activities | (460) | (1,145) | (362) | (24.20) | (321) | (158) | (4.29) |
| Net cash from financing activities | 485 | 850 | 750 | 38.90 | 314 | 108 | (2.60) |
| Net change in cash | (4.77) | (339) | 369 | (2.90) | (54.50) | (1.27) | 1.21 |
| Closing cash | 71.31 | 74.48 | 873 | 101 | 28.50 | 56.19 | 3.90 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +114.5% | +47.7% | +1.4% | +12.8% | -38.1% | -28.6% | - |
| EBITDA growth | -3467.3% | +78.3% | -194.1% | -4.6% | -911.7% | -145.0% | - |
| PBT growth | - | +9998.0% | -333.9% | +38.7% | -3970.6% | - | +234.2% |
| Net income growth | +218.0% | +113.9% | -291.6% | +23.5% | -3702.0% | -83.5% | - |
| Revenue CAGR (3Y) | +47.5% | +19.1% | -10.9% | -20.7% | -22.3% | -20.8% | -15.8% |
| EBITDA CAGR (3Y) | +183.4% | -12.6% | +214.6% | - | +74.8% | -51.5% | +5.7% |
| Profitability & leverage | |||||||
| Net income margin | -1266.2% | +81.5% | -418.3% | -104.4% | -165.7% | +2.5% | +15.1% |
| Return on capital employed | 0.0% | +1.0% | 0.0% | 0.0% | -5.0% | -0.5% | +3.2% |
| Return on net worth | 0.0% | +0.7% | 0.0% | 0.0% | -4.9% | +0.2% | +2.0% |
| Debt / equity | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Long-term debt / equity | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -0.35 | -2.82 | -1.13 | -0.21 | -0.64 | -1.54 | 11.95 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.68 | 0.66 | 0.39 | 0.35 | 0.99 | 1.91 | 3.91 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 4.01 | 3.12 | 5.80 | 13.14 | 8.70 | 5.21 | 5.91 |
| EPS (₹) | (25.24) | 3.20 | (12.74) | (3.62) | (10.40) | 0.27 | 2.49 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 60.51 | 305.98 | 209.41 | 138.25 | 276.52 | 154.31 | 122.43 |
To see the full year-wise statements and ratios of Nazara Technologies Limited, buy the company report.
Board of directors of Nazara Technologies Limited
Nazara Technologies has 10 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shobha Haresh Jagtiani | Director | 04 Jan 2018 | 8 Years 9 Months | Current |
| Vikash Pratapchand Mittersain | Director | 08 Dec 1999 | 26 Years 10 Months | Current |
| Probir Kumar Roy | Director | 04 Jan 2018 | 8 Years 9 Months | Current |
| Sasha Gulu Mirchandani Also directs: Kavya Advisory Services LLP, Startup Diaries LLP, Kine Advisory Services LLP and 5 more | Director | 04 Jan 2018 | 8 Years 9 Months | Current |
| Nitish Vikash Mittersain | Managing Director | 08 Dec 1999 | 26 Years 10 Months | Current |
| Rohit Sharma Also directs: Datawrkz Business Solutions Private Limited | Whole-Time Director | 13 Aug 2025 | 1 Years 2 Months | Current |
Showing 6 of 10 current directors. View all directors
Auditor
Nazara Technologies Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2023 | 001076N/N500013 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 34.20%, foreign institutional investors hold 13.20%, domestic institutional investors hold 2.40% and retail and other public shareholders hold 50.20%.
Sep 2026
QUARTER
34.20% Promoters
2.40% DII (Domestic Institutional)
13.20% FII (Foreign Institutional)
50.20% Retail & Others
Promoter holding - history
Now 34.20% · Sep 2026High 35.50% · Dec 2025Low 34.20% · Sep 2026
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 34.20% | 35.50% | 35.50% | 35.50% |
| Public | 65.80% | 64.50% | 64.50% | 64.50% |
Charges & borrowings
Open charges
₹25 Cr
Satisfied charges
₹34.6 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Aug 2024 | 100971562 | Standard Chartered Bank | ₹20 Cr | Open | |
| 02 Apr 2024 | 100905695 | Standard Chartered Bank | ₹5 Cr | Open | |
| 24 Mar 2021 | 100454676 | Standard Chartered Bank | ₹3 Cr | Satisfied | |
| 10 May 2018 | 100182684 | Standard Chartered Bank | ₹1.6 Cr | Satisfied | |
| 22 Dec 2017 | 100148244 | Others | ₹30 Cr | Satisfied |
To see the full charge records of Nazara Technologies Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Nazara Technologies Limited has 80 deals on record (44 market trades, 18 funding rounds, 16 secondary share transfers), with disclosed funding of ₹3,802.16 Cr; the latest was in August 2026.
Total deals
80
Market trades
44
Funding rounds
18
Secondary share transfers
16
IPO
1
Disclosed funding
₹3,802.16 Cr
Deals on record (5 of 80)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2026 | Secondary share transfer | Undisclosed | Buyer: Zerodha Broking Limited , Share India Securities Limited., Microcurves Trading Private Limited Seller: Mitter Infotech LLP , Share India Securities Limited., Microcurves Trading Private Limited |
| May 2026 | Market trade | ₹400.23 Cr | Buyer: Axana Estates LLP Seller: Mitter Infotech LLP |
| May 2026 | Market trade | ₹350.07 Cr | Buyer: Zerodha Broking Limited , Share India Securities Limited, Microcurves Trading Private Limited Seller: Mitter Infotech LLP , Share India Securities Limited, Microcurves Trading Private Limited |
| Aug 2025 | Market trade | ₹182.44 Cr | Buyer: Graviton Research Capital LLP , Hrti Private Limited Seller: Graviton Research Capital LLP , Hrti Private Limited |
| Aug 2025 | Market trade | ₹152.88 Cr | Buyer: Graviton Research Capital LLP , Hrti Private Limited Seller: Graviton Research Capital LLP , Hrti Private Limited |
To see the full deal history of Nazara Technologies Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nazara Technologies Limited has 33 court cases on record: 4 filed by Nazara Technologies, 29 filed against it. 3 cases are pending and 30 are disposed.
Total cases
33
Filed by the company
4
Filed against the company
29
Pending
3
Disposed
30
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 22 | 3 |
| High courts | 5 | 2 | 0 |
| NCLAT | 5 | 5 | 0 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ernakulam, Kerala | Criminal case | Filed against the company by M/S Muthoot Capital Services Ltd | Disposed |
| District court, Ernakulam, Kerala | Execution petition | Filed against the company by HDFC Bank Ltd. | Disposed |
| District court, Thiruvananthapuram, Kerala | Criminal complaint | Filed against the company by Ms. HDFC Bank Ltd. Represented by Mohammed Moosakutty | Disposed |
| Bombay High Court | Arbitration matter | Filed by the company against Ca Media Digital (India) Pvt.Ltd | Disposed |
| District court, Ernakulam, Kerala | Court case (AOP) | Filed against the company by Muthoot Vehicle Asset Finance Ltd | Disposed |
To see the full case history of Nazara Technologies Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Nazara Technologies Limited has 3 MSME Form 1 returns on record between 2022 and 2024, listing 58 overdue payments to 8 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| VPD Consultants Pvt Ltd | |||
| Moong Labs Technologies Private Limited | |||
| Mufg Intime India Private Limited | |||
| an individual supplier | |||
| Tech 4 Logic Private Limited |
To see the full MSME payment records of Nazara Technologies Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Nazara Technologies has 14 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
14
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Openplay Technologies Private Limited | U45203WB2016PTC217543 | |
| Brandscale Innovations Private Limited | U51909MH2021PTC369514 | |
| Next Wave Multimedia Private Limited | U72300TN1995PTC030106 | |
| Sports Unity Private Limited | U72900DL2016PTC299842 | |
| Paperboat Apps Private Limited | U74120MH2013PTC246788 | |
| Crimzoncode Technologies Limited | U74120MH2015PTC267935 |
To see the full group structure of Nazara Technologies Limited, buy the company report.
Employees & EPFO
Nazara Technologies Limited has a workforce of 75 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
75
Active EPFO establishments
1
Employee growth
4.17%
GST
Nazara Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCN0730A1Z7 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nazara Technologies Limited, buy the company report.
Recent activity
Nazara Technologies Limited has 30 board changes on record since 1999: 20 appointments and 10 cessations. The latest: Con Anthony Conlon was appointed as Director on 03 Aug 2026.
Appointed
Con Anthony Conlon was appointed as Director.
Appointed
Mithun Padam Sacheti was appointed as Director.
Appointed
Muraarie Rajan was appointed as Director.
Filing
Nazara Technologies Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Charges
A charge registered on 24 Mar 2021 via Charge ID 100454676 with Standard Chartered Bank was fully satisfied on 06 Jan 2026.
Charges
A charge registered on 10 May 2018 via Charge ID 100182684 with Standard Chartered Bank was fully satisfied on 06 Jan 2026.
AGM
Nazara Technologies Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Ceased
Rajiv Ambrish Agarwal ceased to be Director.
Appointed
Rohit Sharma was appointed as Whole-Time Director.
Ceased
Kuldeep Jain ceased to be Director.
Charges
A charge with Standard Chartered Bank amounted to Rs. 20.00 Cr with Charge ID 100971562 was registered on 29 Aug 2024.
Appointed
Vivek Chopra was appointed as Director.
30 earlier events are in the company report.
News
NAZARA: Rs. 22.24 Crores BSE Block Trade; for ~ 576,180 Shares, at Rs. 386.00
Nazara Technologies: Names Arun Agrawal As CFO Starting October 16, 2026.
From our blog
Frequently asked questions
Nazara Technologies is an active public limited company based in Mumbai, Maharashtra, India. The company works in online gaming platforms, within the internet industry. It was incorporated on 08 December 1999 (27+ years old) and is registered under CIN L72900MH1999PLC122970. Listed on BSE: 543280 and NSE: NAZARA.
Nazara Technologies reported revenue of ₹1,828.98 Cr for FY 2025-26 (up 12.6% YoY) based on consolidated financials.
Nazara Technologies has 10 current directors:
- Nitish Vikash Mittersain - Managing Director
- Rohit Sharma - Whole-Time Director
- Shobha Haresh Jagtiani - Director
- Vikash Pratapchand Mittersain - Director
- Probir Kumar Roy - Director
- Sasha Gulu Mirchandani - Director
- Vivek Chopra - Director
- Con Anthony Conlon - Director
- Muraarie Rajan - Director
- Mithun Padam Sacheti - Director
The latest financial statements of Nazara Technologies on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nazara Technologies is 27AABCN0730A1Z7, registered in Maharashtra.
The CIN (Corporate Identification Number) of Nazara Technologies is L72900MH1999PLC122970. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Nazara Technologies is a listed company as per MCA records. Its shares are listed on both BSE (code: 543280) and NSE (symbol: NAZARA).
Nazara Technologies has 33 court cases on record: 4 filed by the company and 29 filed against it. 3 are pending. Most are in the district courts.
Nazara Technologies was incorporated on 08 December 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
Nazara Technologies has 80 deals on record (44 market trades, 18 funding rounds, 16 secondary share transfers), with disclosed funding of ₹3,802.16 Cr; the latest was in August 2026.
Con Anthony Conlon was appointed as Director on 03 Aug 2026. Mithun Padam Sacheti was appointed as Director on 12 May 2026. Muraarie Rajan was appointed as Director on 12 May 2026. Nazara Technologies has 30 board changes on record in total.