Gaming firm Nazara Technologies COO Sudhir Kamath resigns to spend more time with his family

Nazara Technologies said that Sudhir Kamath, its chief operating officer (COO), will step down effective April 1, 2025, to relocate to Delhi and spend more time with his family.

Kamath’s departure after a two-and-a-half-year tenure follows a dynamic period for the Mumbai-based gaming firm, known for esports, early learning, and casual gaming products through brands like NODWIN Gaming, Sportskeeda, Kiddopia, and others.

The resignation comes as Nazara steps up efforts to consolidate offerings, raise capital for strategic acquisitions, and streamline its portfolio.

Who is Sudhir Kamath?

Kamath is an alumnus of the Indian Institute of Management, Ahmedabad. He joined Nazara as the company navigated a leadership transition. In October 2022, former CEO Manish Agarwal resigned, prompting founder Nitish Mittersain to return to the chief executive position. Before joining Nazara, Kamath co-founded online poker platform 9Stacks and had stints at McKinsey, Sun Group Private Equity, and Suntera Energy.

“The last two and a half years have been a great experience for me,” Kamath wrote in his resignation letter.

“I request you to relieve me from my responsibilities with effect from April 1, 2025. I will ensure an orderly transfer of responsibilities to colleagues.”

His exit unfolds during a critical phase for the listed gaming giant. Nazara recently sold a 94.85% stake in OpenPlay Technologies—operator of the Classic Rummy platform—to Moonshine Technologies, the parent company of PokerBaazi, for Rs 104.3 crore in a share swap deal.

Earlier, Nazara had secured Rs 495 crore in January through a preferential equity issue, which was followed by an even larger Rs 855 crore funding round in November 2024. These rounds aimed at fueling strategic acquisitions and bolstering the company’s push into new markets.

Despite robust expansions, Nazara’s Q3 FY25 financials showed a 52.89% dip in consolidated net profit from continuing operations, landing at Rs 13.68 crore, even though revenue from operations jumped 66.88% to Rs 534.69 crore.