NODWIN Gaming has appointed Manish Agarwal as a Non-Executive Director on its Board, as the company sharpens its focus on governance and prepares for a potential public listing.
According to a press release, Agarwal’s appointment comes at a crucial stage in NODWIN’s growth journey, with the company accelerating its IPO plans. Having played a key role in scaling and taking public India’s only listed gaming company, he brings deep expertise in public market readiness, institutional frameworks, and long-term value creation. He has also been associated with NODWIN since its early days, having led Nazara Technologies’ investment into the company.
Agarwal is currently Co-founder of KGeN, a platform focused on building verified micro-communities across the Global South, backed by investors such as Accel and Prosus. He is also the Founder of Humyn Labs, which works on transforming real-world community signals into structured human intelligence systems for AI.
In his role as Non-Executive Director, Agarwal will work closely with the board and leadership team to strengthen governance, strategic oversight, and institutional depth as the company scales across markets. He said that having witnessed NODWIN’s journey from its early stages, he looks forward to contributing to its next phase, particularly as it moves towards public markets.
Akshat Rathee, Managing Director and Co-Founder of NODWIN Gaming, highlighted Agarwal’s long association with the company and his role in leading Nazara Technologies’ investment. He noted that Agarwal’s blend of entrepreneurial insight and public market experience would be critical as NODWIN advances its pre-IPO round and builds long-term stakeholder value.
The appointment is part of a broader strategic push by NODWIN Gaming, which has been expanding its presence across gaming, creator ecosystems, and youth culture. The company has also recently brought back Sidharth Kedia to lead strategy, capital planning, and M&A, while adding Arnd Benninghoff to its board and initiating a $100 million pre-IPO fundraise.
Financially, NODWIN has shown strong momentum. After reporting INR 524 crore in FY25, driven by a consistent 50 per cent CAGR since 2018, the company has already surpassed that mark in FY26. In the first three quarters alone, it reported revenue of INR 530.3 crore while maintaining EBITDA-positive operations, indicating a potentially record-breaking year.
With strengthened leadership, improved governance structures, and sustained financial growth, NODWIN Gaming appears to be positioning itself firmly for its next phase as it moves closer to the public markets.
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