Nazara Technologies unveiled a leadership reshuffle that tightens the company’s finance leadership while reshaping its governance frame. The board approved the resignation of Rakesh Shah as Chief Financial Officer and Key Managerial Personnel, effective at the close of business hours on October 15, 2026, with Shah agreeing to provide transition support for 90 days. In parallel, Nazara named Arun Agrawal as the new Chief Financial Officer, with his appointment taking effect from October 16, 2026, signaling a planned handover of financial stewardship as the company navigates an evolving growth agenda.
On the boardroom front, Mithun Padam Sacheti was redesignated from Non-Executive Director to Whole-time Director and Key Managerial Personnel, designated as an Executive Director, effective from the close of business hours on October 12, 2026. Sacheti—whose multifaceted background includes leading CaratLane and driving consumer-tech innovation—will oversee strategic initiatives and assume additional operational responsibilities as assigned by the Board, subject to shareholder approvals and applicable laws.
In a broader governance shift, founder Nitish Mittersain will transition from Managing Director to Founder and Non-Executive Director, effective October 12, 2026 (with requisite shareholder approvals). Mittersain, who established Nazara in 1999 and steered it to India’s first publicly listed gaming company, will continue to provide strategic guidance while stepping back from executive duties to empower the professional leadership team to drive the next phase of growth. The Board also noted Rohit Sharma’s decision to resign from the position of Whole-time Director, with his cessation of duties scheduled for January 11, 2027, as he pursues entrepreneurial opportunities; the board expressed appreciation for his contributions during his tenure.