Nazara Technologies, a company backed by Nikhil Kamath, is involved in developing interactive gaming platforms, esports, and digital content across global markets, and has established itself as a dominant player and holds a monopoly in the gaming industry.
India’s gaming market is expected to grow significantly, from an estimated USD 4.04 billion in 2025 to USD 8.36 billion by 2030, with an annual growth rate of 15.68 percent. The country already has 591 million active gamers, with 23 million new users joining in the financial year 2024 alone.
How is Nazara maintaining its stronghold? The company has strategically acquired multiple gaming firms, expanding its presence. With ace investors like Nikhil Kamath and the late Mr. Rakesh Jhunjhunwala believing it, Nazara is leveraging its acquisitions and market leadership to stay ahead in India’s rapidly growing gaming landscape.
Stock Price Movement:
With a market capitalization of Rs. 8,395.83 crores, the shares of Nazara Technologies Limited closed at Rs. 958.25 per equity share, up nearly around 0.01 percent from its previous day’s close price of Rs. 958.15.
Company Overview:
Nazara Technologies Limited was founded in 1999 by Nitish Mittersain. The company is based in Mumbai and is a leading name in the gaming and sports media industry. The company operates in India, Africa, and North America, focusing on gaming, eSports, ad tech, and educational games for kids.
Nazara offers popular games like Kiddopia, World Cricket Championship, and CarromClash, along with eSports platforms such as Sportskeeda and Nodwin. With partnerships with 52 telecom companies in 58 countries, Nazara is India’s largest listed gaming company and a key player in eSports and cricket simulation.
Recent Acquisitions and Investments Summary in 2025:
- January 03, 2025 – Nazara Technologies acquired 35.07 percent of Moonshine Technology Pvt Ltd for Rs. 608.32 crore, enhancing its strategic investment portfolio.
- January 10, 2025 – Nazara Technologies’ subsidiary Nodwin Gaming merged Ninja Turkey with Arrakis Turkey, restructuring its internal operations.
- January 14, 2025 – Nazara Technologies acquired an additional 9.09 percent in Absolute Sports Pvt Ltd for Rs. 72.73 crore, strengthening its majority stake.
- January 20, 2025 – Nazara Technologies raised Rs. 495 crore from Axana Estates LLP, enhancing expansion plans; acquired CATS: Crash Arena and King of Thieves IP rights.
- January 31, 2025 – NODWIN Gaming International acquired 100 percent of Starladder Ltd for USD 5.5 million, boosting esports event production capabilities.
- January 31, 2025 – Paper Boat Apps, a Nazara Group company, collaborated with Mattel to add Barbie-themed educational content to its Kiddopia app.
- February 11, 2025 – Nazara Technologies acquired 4.68 percent of BeNinja Solutions (LearnTube) for Rs. 4.17 crore, supporting ed-tech investments.
- February 18, 2025 – Nazara Technologies acquired an additional 22 percent stake in Datawrkz, increasing total equity to 55 percent for Rs. 21 crore to strengthen control.
- February 24, 2025 – Nazara Technologies acquired 60 percent of Funky Monkeys Play Centre Pvt Ltd for Rs. 43.7 crore, expanding its entertainment business.
- March 17, 2025 – Kiddopia collaborated with Hasbro to introduce PJ Masks-themed educational content, enhancing learning experiences for children.
Shareholding Pattern:
As of January 2025, ace investor Nikhil Kamath holds a 1.72 percent stake in Nazara Technologies Limited, valued at Rs. 140 crores, consisting of 15,04,782 shares. Meanwhile, the late Mr. Rakesh Jhunjhunwala holds 61,83,620 shares, which represent a 7.06 percent stake with a current value of Rs. 575.4 crore.
New Developments:
Nazara Technologies is planning to test G-commerce integration with ONDC to improve monetization in the Indian gaming market. The company also plans to launch a beta version of a new game under its Animal Jam brand, which is expected to start generating revenue in the next financial year.
Recent Partnerships:
Nazara Technologies has partnered with entertainment brands like Barbie and Little Angel through Kiddopia to enhance user engagement and drive growth. Additionally, Nazara is working with Big Brother and Bigg Boss to introduce interactive story games in multiple languages.
Management Guidance:
The company remains confident in achieving its FY27 EBITDA guidance of Rs. 300 crores, demonstrating resilience and strategic focus despite prevailing market challenges.
In conclusion, Nazara Technologies has become a leading force in the gaming industry by consistently acquiring various gaming companies. This strategic expansion has strengthened its market presence, giving it a competitive edge and establishing a near-monopoly. As a result, Nazara is well-positioned for continued growth and success in the industry.
Recent Quarter Results:
Nazara Technologies Limited increased its revenue from Rs. 320 crore in Q3 FY24 to Rs. 535 crore in Q3 FY25, a 67.19 percent rise. However, its net profit decreased by 53.33 percent, dropping from Rs. 30 crore in Q3 FY24 to Rs. 14 crore in Q3 FY25.
Written By – Nikhil Naik
