Reaserch

Bollywood, games and acquisitions: a look at Nitish Mittersain and Nazara’s journey to the IPO


Nitish Mittersain, founder and managing director, Nazara Technologies; illustration by Manali Ghosh

Synopsis

Nazara Technologies is set to become India’s first publicly traded gaming company. At 176x, its IPO is the third-highest ever subscribed issue with a size of over INR200 crore. This means now investors will be keeping a close watch on the company’s performance and profitability, and industry watchers feel Nazara will have to deliver at results time every quarter henceforth.

The year was 1995. The world had just got introduced to e-mails and websites, and only a few in India had Internet access — via dial-up connections. It was during this time that 16-year-old Nitish Mittersain became friends with Shammi Kapoor, the Bollywood icon of yesteryear. Kapoor was the chairman of The Internet Users Community of India, and Mittersain would often miss his college lectures to be at Kapoor’s house. He says those conversations

  • GIFT ARTICLE
  • FONT SIZE
  • SAVE
  • PRINT
  • COMMENT

Sign in to read the full article

You’ve got this Prime Story as a Free Gift

Already a Member?

Special Offer

Get Flat 20% Off

ON ET PRIME MEMBERSHIP

Get Offer

Why ?

  • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

  • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *