Nazara Technologies is steering its leadership story with a clear tilt toward professionalization and growth. In a move fans of the company will watch closely, Arun Agrawal has been appointed Chief Financial Officer and Key Managerial Personnel, with effect from October 16, 2026. The announcement follows the board’s acceptance of CFO Rakesh Shah’s resignation, with Shah agreeing to provide transition support for 90 days. The finance helm start signals Nazara’s intent to sharpen its financial strategy as it scales its gaming-and-entertainment platforms across geographies.
Concurrently, the board approved a broader governance reshuffle. Mithun Padam Sacheti is redesignated from Non-Executive Director to Whole-time Director and Key Managerial Personnel, taking on an Executive Director role. Sacheti, known for his entrepreneurial lineage as the founder of CaratLane, is tasked with overseeing strategic initiatives and selected operational responsibilities as the Board assigns. In a related transition, Nitish Mittersain will move from Managing Director to Founder and Non-Executive Director, continuing to provide high‑level guidance while enabling a professional leadership team to steer Nazara’s next growth phase.
The leadership changes sit alongside Nazara’s broader strategic moves, including Rohit Sharma’s decision to resign from the role of Whole-time Director, effective January 11, 2027, with appreciation for his contributions. The Board’s deliberations also touched on the capital-raise and expansion plans front, from a significant preferential issue to bolster equity to Nazara’s ongoing investments abroad, including strengthening Nazara Technologies UK Limited. Taken together, the shifts sketch a path toward a more formalized governance framework that supports an extended international growth trajectory while preserving the founder’s strategic stewardship.