Nazara Top Deck Shuffle: Founder Mittersain Steps Down As MD; Caratlane’s Sacheti Takes Executive Role

What happened

Listed gaming major Nazara Technologies announced a major leadership reshuffle today, highlighted by founder Nitish Mittersain stepping down as the company’s managing director. Meanwhile, CaratLane founder Mithun Sacheti, who joined the board as an additional director earlier this year, has been elevated to an executive whole-time director role for a period of five years.

Mittersain, who founded the company in 1999 and took it public in 2021, has assumed a new role as “Founder and Non-Executive Director”. “He understands the consumer business space, digital consumer ecosystems … He brings extensive entrepreneurial,consumer and brand building experience,” the gaming major said in its disclosures to the bourses earlier today. Besides, the board also noted the resignation of Rohit Sharma as Whole-time Director, effective from January 1, 2027, onwards, as he decided to pursue entrepreneurial opportunities.

Key facts

• Listed gaming major Nazara Technologies — announced: a major leadership reshuffle today, highlighted by founder Nitish Mittersain stepping down as the company’s managing director