Sudhir Kamath, the Chief Operating Officer (COO) of Nazara Technologies, has announced his resignation from the company. He will officially step down from his role on April 1, 2025, to relocate to Delhi and spend more time with his family.
His decision to leave comes after two and a half years with the gaming firm, during which Nazara expanded its gaming and esports business. Kamath played a significant role in strengthening Nazara’s operations, as the company focused on early learning, casual gaming, and esports through its brands like NODWIN Gaming, Sportskeeda, and Kiddopia.
Nazara Technologies at a Critical Growth Phase
Nazara Technologies, a leading gaming company in India, has been undergoing a transformation, with efforts to consolidate its gaming portfolio, secure funding, and pursue strategic acquisitions. Kamath’s resignation comes at a time when the company is making key business decisions to expand its presence in the gaming industry.
Nazara recently sold a 94.85% stake in OpenPlay Technologies, the company that operates Classic Rummy, to Moonshine Technologies, the parent company of PokerBaazi, in a share swap deal worth Rs 104.3 crore. This move is part of Nazara’s strategy to refine its business focus and allocate resources efficiently.
Who is Sudhir Kamath?
Sudhir Kamath is a graduate of the Indian Institute of Management (IIM) Ahmedabad. He joined Nazara Technologies during a leadership transition in 2022. At that time, Manish Agarwal stepped down as CEO, leading to the return of founder Nitish Mittersain as the head of the company.
Before his role at Nazara, Kamath co-founded 9Stacks, an online poker platform, and worked with leading firms like McKinsey, Sun Group Private Equity, and Suntera Energy. His experience in strategy, business growth, and investment played an essential role in guiding Nazara during its expansion phase.
A Reflection on His Tenure at Nazara
In his resignation letter, Kamath expressed his appreciation for the opportunities and experiences he gained at Nazara Technologies. He confirmed that he will work closely with the team to ensure a smooth transition of his responsibilities before leaving in April 2025.
Nazara Technologies has experienced rapid growth and major investments in the last year. In January 2025, the company secured Rs 495 crore through a preferential equity issue, followed by a larger funding round of Rs 855 crore in November 2024. These funds were used to support new acquisitions and expansion into different gaming markets.
Nazara Technologies Financial Performance
Despite the company’s expansion and strategic investments, Nazara reported a 52.89% drop in consolidated net profit in its Q3 FY25 financial results. The net profit from continuing operations stood at Rs 13.68 crore, even though the company’s revenue increased by 66.88% to Rs 534.69 crore.
With Kamath’s departure, Nazara Technologies will continue focusing on growth, restructuring, and securing more investment. As the company moves forward, the leadership team will aim to strengthen its position in India’s booming gaming industry.
