Nazara Technologies' COO Sudhir Kamath resigns

Entrackr · 22d

Nazara Technologies' COO Sudhir Kamath resigns According to the company’s statement, Kamath has decided to resign to relocate to his native city and spend more time with his family. Nazara Technologies Limited has announced the resignation of its Chief Operating Officer (COO), Sudhir Kamath, who will step down from his role effective April 1, 2025. The company disclosed this development in an official filing with BSE Limited and the National Stock Exchange of India Limited (NSE). In his resignation letter addressed to Nazara Technologies’ Managing Director, Nitish Mittersain, Kamath expressed gratitude for his tenure at the company, highlighting his experiences working with the leadership team and subsidiaries. Before joining Nazara in October 2022, Kamath co-founded 9stacks and led it as CEO for over five years. Following Kamath’s resignation, Nazara is expected to announce his successor in due course. Meanwhile, Nazara’s operating revenue rose by 67% to Rs 535 crore in Q3 FY25 from Rs 320 crore in Q3 FY24. However, despite the increased scale, the company’s profit declined by 53.6% year-on-year to Rs 13.7 crore in Q3 FY25 from Rs 29.5 crore in Q3 FY24.