Nitish Mittersain

10 statements across 1 episodes · 3 bullish · 0 bearish · 1 people on the record · first statement Jul 12, 2021 by Nitish Mittersain · said 1 times in 1 episodes since 2022 · across every show →

On the record as a speaker too: Nitish Mittersain's record, appearances and statements → this page counts the times other people say the name.

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Everything said about Nitish Mittersain, oldest first

Jul 12, 2021 neutral
Disclosure
Mittersain: Raised 3 to 4 crores from family to launch Nazara
“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.”
Nitish Mittersain Jul 12, 2021 ▶ 4:20 Nazara Technologies founder on IPO and future of the Company @NazaraGames
Jul 12, 2021
Disclosure
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…”
Nitish Mittersain Jul 12, 2021 ▶ 33:36 Nazara Technologies founder on IPO and future of the Company @NazaraGames
Jul 12, 2021
Insight
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…”
Nitish Mittersain Jul 12, 2021 ▶ 32:45 Nazara Technologies founder on IPO and future of the Company @NazaraGames
Jul 12, 2021
Assertion Supported
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.”
Nitish Mittersain Jul 12, 2021 ▶ 6:59 Nazara Technologies founder on IPO and future of the Company @NazaraGames
Jul 12, 2021
Assertion Supported
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.”
Nitish Mittersain Jul 12, 2021 ▶ 32:19 Nazara Technologies founder on IPO and future of the Company @NazaraGames
Jul 12, 2021
Assertion Supported
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.”
Nitish Mittersain Jul 12, 2021 ▶ 6:38 Nazara Technologies founder on IPO and future of the Company @NazaraGames
Jul 12, 2021 bullish
Assertion Supported
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.”
Nitish Mittersain Jul 12, 2021 ▶ 14:46 Nazara Technologies founder on IPO and future of the Company @NazaraGames
Jul 12, 2021 bullish
Prediction Not checkable as stated
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…”
Nitish Mittersain Jul 12, 2021 ▶ 17:49 Nazara Technologies founder on IPO and future of the Company @NazaraGames
Jul 12, 2021 neutral
Insight
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…”
Nitish Mittersain Jul 12, 2021 ▶ 12:58 Nazara Technologies founder on IPO and future of the Company @NazaraGames
Jul 12, 2021 positive
Assertion Supported
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.”
Nitish Mittersain Jul 12, 2021 ▶ 13:56 Nazara Technologies founder on IPO and future of the Company @NazaraGames
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