Nazara Technologies Unlisted Shares Details:
Pan No:
AABCN0730A
Face Value:
₹ 4 Per Equity Share
ISIN:
INE418L01021
Paid Up Equity Capital:
Rs.10.98 Cr
About Nazara Technologies
It is one of the leading mobile games company headquartered in Mumbai, which is engaged in the acquisition of, value addition to and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America. The Company operations comprise of a Subscription business, Freemium business, and Esports business. The Company independent subsidiaries are Next Wave Multimedia, NODWIN GAMING and their investee companies include Hashcube Inc., Mastermind Sports Limited, Moonglabs Technologies Private Limited and HalaPlay Technologies Private Limited. It also claim to have over 4.08 million paid users.
The company is preparing to launch its IPO through which it is expected to raise Rs. 1,000 crore.
The company has been focused on acquisitions for growth, buying stakes game studios in the UK and India. Earlier in June, it expanded its operations to Kenya through its subsidiary NZ World Kenya Ltd where it holds a 70% stake.
Business Line
For the Financial Year Ended March 31,
2019
2018
% Growth
Subscription**
939.85
1517.01
(38.05%)
Freemium*
240.38
152.06
58.08%
Esports*
491.66
36.4
1250.71%
Total
1671.89
1705.47
Other Income***
163.08
98.18
66.10%
Esports is a new concept in a gaming - We all watch a live cricket match on TV or OTT platforms like Hotstar. The company like Star Sports buys live streaming rights of a cricket match from the company/board who is organizing cricket. This is how the company/board who is organizing cricket earns revenue. Star Sports then earn from ads etc.
Now imagine, a game like PUBG, played by professionals in the indoor stadium and live streaming is shown on television or the OTT platform. Imagine you are sitting at home watching live games. This is the new concept that is picking up with a lot of pace in India. The company like Nazara will organize such games and sell media rights to players like Star Sports and earn revenue.
Nazara Tech is aiming to make a battery of these games which can be played by professionals. eSports is the fastest growing sports entertainment format among competitive gamers and Nazara has over 80% share of the Indian market through its majority stake in Nodwin.
Key Strengths and Growth in Future:
a) The company believes their ability to understand local gamer behavior in designing games and innovatively incorporating local, licensed, intellectual property to drive the growth of our network of games is one of our key strengths.
b) Their localized gamer insights are reflected in the popularity of some of their mobile games on the Google Play Store, such as, ‘World Cricket Championship 2’, ‘Chhota Bheem Race’, and ‘Motu Patlu Game’.
c) They believe that Nodwin Gaming is one of the leading enablers in the Indian Esports market with a first-mover advantage. In addition to hosting and managing IP based gaming events such as the ESL India Premiership and Dew Arena by ESL, Nodwin Gaming also partners with other brands to create multiple gaming events intellectual
properties in India, such as Mountain Dew Arena, Indian Gaming Show and Asus ROG Masters.
Financials of Nazara Technologies Unlisted Shares:
Consolidated Financial Results of Nazara Tech (Fig. in Crores)
Year
Revenue
Expense
Share of net (loss)
OPM(%)
PAT
NPM(%)
Shares
EPS
2017
202
130.4
0
36%
61
30%
0.1989
24
180
131.1
35.7
1.2
1%
2.69725
1.08
183
173
13.40%
4.2
2.20%
2.74725
1.53
Shareholding Pattern as on 31.03.2019
Name of the Shareholder
No. of Shares
% of Holding
Westbridge Venture II Investments Holding
6,121,210
22.69
Rakesh Jhunjhunwala
3,294,310
12.21
IIFL Special Opportunity Fund
1,748,185
6.48
Promoters And Management:
Promoters of Nazara Technologies Limited Company are:
1. Mr.Vikash Mittersain is the Chairman and Managing Director of our Company. He has been associated as Director of the Company since its incorporation. He holds a diploma in industrial electronics from Walchand College of Engineering, Sangli. He has 38 years of experience in multiple business sectors. He is a member of Advisory Board on Dr. APJ Abdul Kalam Centre, Lucknow. He is also the founder and president of India Business Group. He has been part of various panel discussions and conferences including the sessions at VESIM Literati and Innovators Pitching Session at Maker Mela 2018.
2. Mr.Nitish Mittersain is the Joint Managing Director of our company. He holds a bachelor of commerce degree from the University of Mumbai. He founded our Company in 1999 and has been associated in the promotion of our Company for the last 18 years. He was selected as a member of the Young Presidents’ Organization in 2014 and he has been the recipient of many awards including the Visionary Award from the Vision Foundation in 2012, the Young Achievers Award from the Indo American Society in 2000 and the Outstanding Young Person Award from Junior Chamber International, Marine Lines in 2017. He is also a member of the MEF Asia Board.
3. Mitter Infotech LLP
