Mumbai-based mobile games studio Nazara Games has announced revenues of nearly $32.6 million for the 2015-2016 financial year.
And it appears to have paid off, with 47% of its top-line revenue coming from the Indian market.
On the rise
"We have seen an explosive growth of 40% [Compound Annual Growth Rate] in the past 4 years," said Nazara Founder Nitish Mittersain.
He goes on to explain that much of this can be attributed to partnerships with handset manufacturers to have Nazara games pre-loaded on millions of devices.
Then there's the firm's subscription-based Games Club service, which allows customers to collect points that can be used across games. It is pushing into 20 new markets soon, and Agarwal says it "could be a huge growth driver."
Other initiatives include investments in international studios, starting with TrulySocial and Mastermind Sports.
[Source: The Economic Times India]