Nitish Mittersain
Founder & Managing Director, Nazara Technologies. On 2 shows, 2 appearances. The Shows tab opens the full record on each.
founderexecutiveinvestorLinkedIn ↗nazara.com ↗
He founded Nazara Technologies in 1999, subsequently steering it to become India's first publicly listed gaming, esports, and sports media conglomerate. Beyond operating Nazara, he is an active angel investor who has backed dozens of early-stage startups across India's technology ecosystem.
2shows
2appearances
25statements
13resolved
12supported
0contradicted
92%fully supported
2said about them ↓ Everything Nitish Mittersain said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Mittersain: India gaming GST moved to 28% on deposits versus 18% on rake
“Now the latest tax on the GST is 28% on deposits, which was earlier 20. I mean, gaming companies were paying 18% on their rake, right?”
Mittersain: In-app purchases will dominate Indian gaming revenue by 2026
“So I think in the next three to five years, you will see in-app being the predominant source of revenues for gaming in India.”
Mittersain: A 19-year-old's Roblox game generates $60M in annual revenue
“I just did a Zoom call recently with a 19 year old kid who has a game called Blocks Roots. And it makes something like sixty million dollars a year or something. In revenue.”
Mittersain: Banning real-money gaming in Indian states drives the market underground
“When you ban, you've seen in many states, for example, in India, where games have been banned. The online real money games have been banned. The business has usually gone underground. To more irresponsible players. Which completely exposes the users.”
Mittersain: Bootstrapping via slow profit accumulation is no longer the ideal strategy
“So I think strategies may need to change and just trying to run a profitable business today may not be good enough. If the opportunity to scale and create a massive business exists, it was you have investors who are willing to back you. And therefore I think w…”
Mittersain: Indian tech company IPOs will accelerate significantly by 2024
“And in the next two, three years, you will see that accelerate significantly. So I think that bell has been rung, and now you're going to see a long queue of quality companies. And also a lot of groundwork has happened, right, over the last decade. Investors h…”
Mittersain: Ludo King surpassed 1B downloads but struggles to monetize
“It's a, we recently crossed a billion downloads, I think. In India. Yeah, but I. Yeah, monetization is a is a challenge.”
Mittersain: Nazara gives acquired companies 100% operational autonomy
“The structure that we follow in the friends of Nazara is where we give a hundred percent operational freedom to, you know, the investee companies. And their original founders and management teams should run it as if you know, they own a hundred percent of the …”
Mittersain: PlaySimple exit will kickstart a boom in Indian gaming startups
“Similarly, I think the Play Simple deal will show a lot of Indian entrepreneurs That gaming is coming of age in India. Also, Indian gaming companies can tackle global opportunities, scale globally, and also create immense value over a fairly short period of ti…”
Mittersain: Resolving disputes face-to-face beats fighting to preserve mental energy
“So it's always better to meet up face to face, sort the problem out.
Even if you need to leave something on the table, leave it, but move on.
Because the amount of time you will save on that negative energy and convert it into positive energy will make a world…”
Mittersain: Nazara avoids entering contracts with large future commitments
“For example, we rarely enter into contracts that have large future commitments that we have made.
Because
We know what we can commit today, right?
In present moment, we don't know what we can commit three years later.
So that's kind of a philosophy that we ha…”
Mittersain: Nazara pays corporate data analysts 20-30 lakhs INR annually
“I mean, we, for, at least at a corporate team where we have a few people looking at data of a lot of our studios, maybe 20, 30 lakhs a year.”
Mittersain: Nazara Technologies is India's only listed gaming company, worth 5,000 crores
“As India's only listed gaming company, it's worth 5000 crores.”
Mittersain: WestBridge Capital invested $3M total across 2005 and 2007
“Westbridge Capital had invested in 2005 and 2007 small amounts of money, 1.5 million dollars each. It raised a total of three million dollars, and by then the company had become profitable.”
Mittersain: Nazara Accumulated ₹200–250 Crore in Profits from 2007 to 2015
“So from 2007 to about 2015, we raised, I mean, not raised, we kind of accumulated profits of about 202 150 crores. And hadn't raised any more capital.”
Mittersain details Nazara's portfolio acquisitions across gaming verticals
“We acquired Nodwin Gaming, which is the leader in e-sports in India. A majority stake in that company. We acquired Nextwave Multimedia, which is the producers of World Cricket Championship. Then later on, we did Paperboat Apps, which have extremely popular kit…”
Mittersain: Nazara generated 460 crore INR in FY21 revenue
“Now in 2021, we've done, I mean, we closed this year with four 60 crores in revenue which was a good growth over the previous year as well.”
Mittersain: Nazara holds 480 crore INR in deployable cash reserves
“The company today has close to 480 crores of reserves that we can deploy to invest in companies.”
Mittersain: Nazara is India's only listed gaming company
“Now also one big advantage we have is that we are the only listed gaming company today in our market.”
Mittersain: Nazara Technologies is valued at around 5,000 crores post-IPO
“We today priced at about 5000 crores.”
Mittersain: Rakesh Jhunjhunwala invested in Nazara after a single meeting
“And he really, we just had one meeting before he decided to invest in the company.”
Mittersain: Jhunjhunwala sold zero Nazara shares in the IPO
“No, he hasn't. He hasn't sold any shares, and at least in my conversations with him, he generally says, you know, he's invested for the long run with a seven to 10 years you know, annual, because that's the kind of trend he really looks at in terms of gaming b…”
Mittersain: Nazara has faced almost no litigation over two decades
“Nazara in its two decades journey has had
Very little to no litigation, either by us or on us, right?
And in over two periods of two decades of journey, that's a long period of time.”
The other half of the tape: Nitish Mittersain's own voice is left out of every number here. Other people bring the name up 1 time in 1 episode across the shows. 1 statement on the record names them. every mention, with the transcript →
Who brings them up most Siddhartha Ahluwalia 1
Statements about Nitish Mittersain, by other people (1)
Every mention by year
tap a year for its mentions
the Neon Show 1
One line per show, most statements first. The link opens Nitish's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
| NEON SHOWLEDGER | Founder & Managing Director, Nazara Technologies | 1 | 19 | 100% 9/9 | full record on the Neon Show → |
 WTFLEDGER | Founder & Managing Director, Nazara Technologies | 1 | 6 | 75% 3/4 | full record on WTF is with Nikhil Kamath → |