Nazara Technologies Founder Nitish Mittersain to Step Down as MD; Mithun Sacheti to Become Executive Director

12 October 2026, India –  Nazara Technologies founder Nitish Mittersain is stepping down as Managing Director (MD) and will be redesignated as Founder and Non-Executive Director, marking a significant leadership transition at one of India’s oldest gaming companies.

Mithun Sacheti, co-founder of jewellery retailer CaratLane and a co-promoter of Nazara Technologies, will take over as Executive Director with effect from October 12, 2026. In his new role, Sacheti will oversee strategic initiatives and operational responsibilities assigned by the company’s board, according to a report by Moneycontrol. <Cite refs={[“turn373657search0”]}/>

Nitish Mittersain to Continue Supporting Long-Term Strategy

Mittersain founded Nazara Technologies in 1999 and has played a central role in building the company’s gaming business and expanding its presence in digital entertainment.

Although he is stepping down as Managing Director, he will continue to contribute to the company as Founder and Non-Executive Director. His responsibilities will include providing strategic guidance and drawing on his industry experience, relationships and institutional knowledge to support Nazara’s long-term growth and international ambitions, the company said, according to the report. <Cite refs={[“turn373657search0”]}/>

The transition follows an earlier leadership change in which Mittersain stepped down as Chief Executive Officer. Raymond Stauffer, founder of Spain-based Bluetile Games, was appointed CEO as Nazara sought to strengthen operational leadership and expand its gaming portfolio. <Cite refs={[“turn373657search1”]}/>

Mithun Sacheti Takes on a Larger Leadership Role

Sacheti, known for co-founding CaratLane, became a co-promoter of Nazara Technologies in 2025. His elevation to Executive Director gives him a broader role in the company’s strategic and operational direction.

The appointment comes as Nazara focuses on expanding its gaming business and strengthening its position across mobile, PC, console and offline gaming, according to Moneycontrol. <Cite refs={[“turn373657search0”]}/>

The change also reflects the company’s evolving leadership structure as it pursues growth opportunities in gaming and digital entertainment.

Nazara Sharpens Its Focus on Global Gaming

Founded in 1999, Nazara Technologies has built a presence across gaming and related digital entertainment businesses. Its growth strategy has increasingly involved acquisitions and the expansion of its international portfolio.

The company’s acquisition of Bluetile Games and the associated BestPlay platform has been a key part of this strategy. Moneycontrol previously reported that Nazara revised the transaction structure to acquire full ownership of the businesses for a fixed cash consideration of $303 million. The deal is intended to strengthen its gaming portfolio and add capabilities in areas including AI-enabled development, product execution and user acquisition. <Cite refs={[“turn373657search1”]}/>

The leadership transition comes as the company works to integrate acquired businesses and focus on its core gaming operations.

What the Leadership Transition Means

The shift from Mittersain’s managing director role to a non-executive position separates his ongoing strategic contribution from the executive responsibilities assigned to the company’s leadership team.

For Nazara, the next phase will involve executing its growth strategy, managing acquisitions and building a broader global gaming platform. Sacheti’s expanded responsibilities will place him at the centre of those efforts, while Mittersain continues to provide strategic guidance.

The long-term impact of the change will depend on execution, the integration of acquired businesses and the company’s ability to grow its gaming portfolio in an increasingly competitive market.

Conclusion

Nazara Technologies’ leadership transition marks another stage in the evolution of a company founded nearly three decades ago. With Nitish Mittersain moving into a Founder and Non-Executive Director role and Mithun Sacheti becoming Executive Director, the company is reshaping executive responsibilities as it pursues its global gaming ambitions.

The coming quarters will offer a clearer indication of how the new structure supports Nazara’s strategy and operational priorities.

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