The gaming industry in India is growing at an unprecedented pace, driven by increasing smartphone penetration, affordable internet, and the rising popularity of esports and mobile gaming. The sector has attracted significant investments and regulatory focus, making gaming stocks an attractive proposition for investors. In this article, we explore the top five gaming stocks in India for 2025 and highlight the best stock to invest in.
1. Nazara Technologies Ltd.
Nazara Technologies is a leading gaming and sports media platform in India, with diversified offerings across mobile games, esports, and gamified learning. Its flagship brands, such as Nodwin Gaming and Kiddopia, cater to a broad audience.
Key Highlights
- Esports Leadership: Nazara is a market leader in the rapidly growing esports industry in India.
- Global Presence: Operations in over 60 countries, contributing to a diversified revenue base.
- Growth Drivers: Increasing focus on gamified early learning platforms like Kiddopia.
- Partnerships: Strategic alliances with global gaming brands to enhance offerings.
With its strong presence in esports and mobile gaming, Nazara is well-positioned to benefit from India’s booming gaming industry and expanding global footprint.
2. Delta Corp Ltd.
Delta Corp is India’s leading player in the casino and gaming segment, with operations in both physical casinos and online gaming platforms. Its online gaming arm, Adda52, is a prominent name in online poker and rummy.
Key Highlights
- Diverse Portfolio: Includes physical casinos, online gaming platforms, and hospitality.
- Online Gaming Growth: Strong performance in online poker, rummy, and fantasy sports.
- Regulatory Support: Beneficiary of increasing clarity in gaming regulations in India.
- Revenue Growth: Significant contribution from online gaming amid rising digital adoption.
Delta Corp’s strong brand in both physical and digital gaming segments positions it as a key player in India’s evolving gaming landscape.
3. Zensar Technologies Ltd.
Zensar Technologies, while primarily an IT services company, has diversified into the gaming sector through partnerships with global gaming companies. The company provides game development and design services.
Key Highlights
- Gaming Services: Offers end-to-end game development solutions to international clients.
- Technological Expertise: Leverages cutting-edge technologies like AI and AR/VR for immersive gaming experiences.
- Client Base: Serves top-tier gaming companies globally.
- Growth Focus: Increasing investments in gaming-focused technologies and partnerships.
Zensar’s focus on providing tech solutions to gaming companies aligns with the industry’s shift toward immersive and interactive gaming experiences, making it a promising indirect play on the gaming sector.
4. OnMobile Global Ltd.
OnMobile Global is a leading provider of mobile gaming and entertainment services. Its subscription-based mobile gaming platform, ONMO, caters to a growing base of casual gamers.
Key Highlights
- Gamification Platform: Innovative gaming solutions, including cloud gaming and social esports.
- Global Reach: Operations in over 50 countries, ensuring a diversified revenue stream.
- Recurring Revenue Model: Subscription-based revenue model ensures steady income.
- Technological Innovation: Focus on gamified content and AI-powered gaming experiences.
OnMobile Global’s investments in gamification and cloud gaming position it as a key player in the mobile gaming segment, especially as cloud gaming adoption grows in India.
5. Games24x7
Games24x7 is a private gaming company known for its popular platforms, including RummyCircle and My11Circle. It operates in skill-based gaming, a rapidly growing segment in India.
Key Highlights
- Skill-Based Gaming: Focuses on rummy, fantasy sports, and casual games.
- User Base: Large and growing base of loyal players across platforms.
- Marketing Success: Effective marketing strategies, including partnerships with celebrities, enhance visibility.
- Revenue Growth: High profitability driven by in-app purchases and monetization strategies.
Games24x7’s dominance in skill-based gaming and its ability to attract and retain users make it a strong contender in the Indian gaming market.
Which is the Best Stock to Invest in 2025?
Among the five stocks discussed, Nazara Technologies Ltd. stands out as the best stock to invest in for 2025. Here’s why:
1. Diversified Revenue Streams
Nazara Technologies has a well-diversified business model that spans esports, mobile gaming, and gamified learning. This reduces dependency on any single segment and ensures steady revenue growth.
2. Leadership in Esports
As a market leader in esports through Nodwin Gaming, Nazara is capitalizing on the growing popularity of competitive gaming in India. With esports expected to become a $1 billion industry in India by 2025, Nazara is well-positioned to benefit.
3. Global Expansion
Nazara’s presence in over 60 countries provides it with a diversified revenue base and reduces exposure to local market risks. The company’s international strategy ensures sustained growth.
4. High Growth Potential
Segments like gamified learning (through Kiddopia) and mobile gaming are experiencing rapid adoption, driven by increasing smartphone penetration and digital literacy.
5. Strong Financial Performance
Nazara has demonstrated consistent revenue growth and profitability. Its asset-light model and strategic acquisitions further enhance its long-term potential.
Risk Considerations for Nazara Technologies
While Nazara Technologies is a promising investment, potential risks include:
- Regulatory challenges in the gaming industry.
- Intense competition from local and international gaming companies.
- Dependency on third-party platforms for distribution.
However, Nazara’s strong brand presence, diversified portfolio, and strategic initiatives effectively mitigate these risks.
Conclusion
The gaming industry in India is entering a golden age, driven by technological advancements, regulatory clarity, and evolving consumer preferences. Each of the five stocks discussed offers unique opportunities to tap into this growth story.
Nazara Technologies Ltd. emerges as the best stock to invest in for 2025 due to its market leadership, diversified business model, and strong growth potential in esports and mobile gaming. For investors seeking exposure to India’s burgeoning gaming sector, Nazara provides an attractive blend of stability and growth. As always, conduct thorough research and consult a financial advisor before making investment decisions.
Anantha Nageswaran is the chief editor and writer at TheBusinessBlaze.com. He specialises in business, finance, insurance, loan investment topics. With a strong background in business-finance and a passion for demystifying complex concepts, Anantha brings a unique perspective to his writing.
