Nazara Technologies

“First from my parents helped fund it, then from friends and family. So I put in three, four pros right at the start to get the business started in the early years.”

“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…”

“And he really, we just had one meeting before he decided to invest in the company.”

“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…”

“Now also one big advantage we have is that we are the only listed gaming company today in our market.”

“We today priced at about 5000 crores.”

“Now I think, you know, we probably in 1908, 1909 when we started from India gaming perspective, we were maybe a decade too early. You didn't have proper internet. You didn't have the devices.”

“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.”

“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.”

“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.”

“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…”

“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 …”

“The company today has close to 480 crores of reserves that we can deploy to invest in companies.”

“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.”