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

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

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

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 will continue to provide strategic guidance to the board. 

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. Sacheti will now assume a new position to oversee strategic initiatives and take on some operational responsibilities. 

“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. Sharma joined the company’s board as an advisor in January 2025 and was later roped in as executive director in August.

Additionally, Nazara’s CFO Rakesh Shah has also resigned to pursue external opportunities and will be replaced by Arun Agrawal, former global CFO at Ness Digital Engineering. Shah, who has been with the gaming major since 2010, will exit the company on October 15 though he will assist with transition duties for 90 days. 

The change at the top of Nazara’s hierarchy comes shortly after Mittersain exited as CEO amid a turning point in the listed company’s journey.


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