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Nazara Technologies CEO Manish Agarwal to step down, Sudhir Kamath named new COO

Nazara Technologies CEO Manish Agarwal will be stepping down on December 1, 2022. He resigned as CEO effective December 1, 2022 to pursue an entrepreneurial journey, the company said. He will continue to be associated with the firm as a Nazara nominee on the boards of material subsidiaries of Nazara.

Nazara founder and joint MD Nitish Mittersain mentioned in Linkedin post that Manish  worked closely together over the last 7 years to build a strong foundation on which Nazara will continue to grow rapidly in the years to come. “I wish him all the best in his future endeavors.

He also announced the appointment of Sudhir Kamath as new Chief Operating Officer (COO) of Nazara effective October 20th, 2022. An alumnus of Delhi University and IIM Ahmedabad, Kamath has 20-plus years of experience in strategy consulting, private equity investing, operations and entrepreneurship.

Throughout his career, Kamath has handled strategy, asset acquisitions, exits, regulatory matters, fund-raising, and operations, including as a CEO and entrepreneur, the company said. Most recently, as the CEO and founder of Sparskills Technologies, Kamath developed and scaled the 9stacks gaming brand. He started his corporate career at strategy consulting firm McKinsey & Co, where he worked in their India, Dubai, and London offices.

He also mentioned  “I will be back as Nazara’s CEO effective December 1st, 2022. It’s a role I had served for nearly 15 years earlier & now it comes with a lot more responsibility given our large shareholder base.”

I would like to thank the Nazara board for its faith in me and am very excited about the opportunity ahead for Nazara and the Indian gaming industry.

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