iWorld
MeitY seeks compliance details of new IT rules from large social media platforms
KOLKATA: Fears of social media platforms being switched off for not complying with the new Indian IT rules applicable to them from today (26 May) proved unfounded. However, they cannot rest easy as the ministry of electronics and information technology (MeitY) has written to “Significant Social Media Intermediaries” (SSMI) asking for details of compliance.
Under the new “the Information Technology (Intermediary Guidelines and Digital Ethics Code) Rules, 2021,” SSMIs have been defined as social media companies with more than 50 lakh registered users. Hence, Twitter, Facebook, Facebook-owned WhatsApp and Instagram fall under the SSMIs category.
The government has asked all SSMIs to provide name of app/ website/ service falling within the scope of significant social media intermediary, the details of chief compliance officer, nodal contact person, resident grievance officer and the contact details of all the officers. It has also sought details of compliance status of these rules.
MeitY has asked for a prompt reply, “preferably today itself.”
The new set of guidelines came against the backdrop of growing tensions between the government and the social media platforms. “The basic essence of these guidelines is a soft touch oversight mechanism, where we are insisting upon the platforms to develop a robust mechanism for timely redressal of grievances,” said union information technology minister Ravi Shankar Prasad.
According to the government data provided at that time, India has 53 crore WhatsApp users, 44.8 crores Youtube users, 41 users on Facebook, 21 crores users on Instagram and 1.75 crores on Twitter.
As part of new IT rules, the government also asked the significant social media intermediaries providing services primarily in the nature of messaging “to enable identification of the first originator of the information.”
This is something that has riled messaging service WhatsApp which has filed a lawsuit in the Delhi High Court on Tuesday against the rules that will require it to “trace” the origin of messages sent on the service, which it says is a violation of privacy.
Gaming
MTG gaming chief Benninghoff joins NODWIN board as esports firm primes for IPO
The Gurugram-based esports firm is pursuing a public listing, has returned to profitability and is growing revenues by 42 per cent
GURUGRAM: NODWIN Gaming is moving fast. The Gurugram-based gaming and esports company has launched a pre-IPO fundraising round, appointed UBS as lead adviser for both the round and a subsequent public listing, and landed a heavyweight board director, all in one go.
The new board member is Arnd Benninghoff, executive vice president of gaming at Stockholm-listed Modern Times Group (MTG), who has overseen the group’s strategic investments and portfolio growth since 2014. He is no stranger to building things: Benninghoff has founded and built fifteen companies, served as chief digital officer at ProSiebenSat.1 Media AG, managing director of SevenVentures, and chief executive of Holtzbrinck eLAB. He began his career as a journalist at Deutsche Presse Agentur and various TV networks, holds a Diplom-Kaufmann in business and administration from the University of Münster, and previously sat on the board of Edgeware AB.
The numbers back the ambition
NODWIN is not pitching a story without substance. The company has returned to EBITDA profitability and posted a 42 per cent year-on-year revenue surge, reaching $58.5m in the first nine months of FY2026. The pre-IPO round will combine a primary issuance to fund global expansion through organic growth and acquisitions, alongside a secondary sale to give existing shareholders some liquidity.
Akshat Rathee, co-founder and managing director of NODWIN Gaming, said Benninghoff understands “the entire lifecycle of the gaming and media ecosystem, from the boots-on-the-ground reality of building startups to the strategic complexity of managing multi-billion dollar global portfolios.”
Benninghoff, for his part, said the company “sits at the intersection of sports, entertainment, and technology, making it one of the most exciting players in the global gaming landscape today.”
A portfolio built for the global south
Founded in 2014 by Rathee and Gautam Virk, NODWIN has quietly assembled one of the more compelling esports portfolios outside the Western hemisphere. Its properties include DreamHack India and Comic Con India, and it recently acquired StarLadder, the Ukraine-based tournament organiser behind premier events in CS:GO and Dota 2. The company also serves as a long-term strategic marketing partner for the Evolution Championship Series (EVO), the world’s most prominent fighting game tournament, helping push it into new geographies.
Its geographic focus spans South Asia, Central Asia, Southeast Asia, the Middle East and Africa. Backers include Nazara Technologies, KRAFTON, Sony Group Corporation, JetSynthesys, and the founders’ investment vehicle Good Game Investments.
What comes next
With UBS running the books, a board freshly reinforced with European media and gaming expertise, and revenue heading in the right direction, NODWIN is laying the groundwork deliberately. The esports industry has burned investors before with big promises and thin margins. NODWIN’s return to profitability, combined with a real portfolio of owned intellectual properties across gaming, music and youth culture, gives it a more credible runway than most. The IPO clock is now ticking.
