(Interactive, gaming & Internet) is a relatively new business for UTV, and it has grown through acquisitions. In 2007, it bought out UK-based Ignition Entertainment and the India-based Indiagames. Ignition develops and publishes games for leading consoles, whereas Indiagames is a mobile and online gaming player. More recently, the company picked up a majority stake in US-based True Games Interactive.
...Analysts say UTV’s presence across many segments de-risks its business model, but it can expect competition as big Indian players seek foreign partners and new markets. Screwvala is not perturbed: “We are not looking at a competitive market because we believe that today everyone is challenged to grow the market… Before we start talking of serious competition we need to first grow the market.”
Arun Natarajan is the Founder & CEO of Venture Intelligence, the leading provider of information and networking services to the private equity and venture capital ecosystem in India. View free samples of Venture Intelligence newsletters and reports. Email the author at email@example.com