Key Points
The company will look to tap Indian game developers, while events subsidiary Nodwin continues to be a significant revenue generator...
NEW DELHI : Nazara Technologies, India's only publicly-listed gaming company, aims to scale its game development division's annual revenue from approximately 350 crore in FY23 to 1,000 crore by the end of FY25, by leveraging an 850 crore fund allocated for mergers and acquisitions..
As part of its acquisition strategy, Nazara's game development and publishing arm will target both Indian and global gaming platforms, and increase its contribution to the group's overall revenue, Nitish Mittersain, chief executive, said in an interview..
In FY23, Nazara group companies crossed the 1,000-crore revenue milestone for the first time to reach 1,091 crore, up 21% from a year ago..
As part of its efforts to scale up the gaming division, Nazara is in talks to acquire mixed reality brick and mortar gaming chain Smaaash through the National Companies Law Tribunal (NCLT)s insolvency and bankruptcy process, Mint had reported on 7 March..
