MAM
Federation of India Fantasy Sports welcomes Maj. Neil Castelino as its new CEO
Mumbai: The Federation of India Fantasy Sports (FIFS), India’s first and only self-regulatory industry body for fantasy sports, is pleased to announce the appointment of Maj. Neil Christopher Castelino as its new CEO.
A distinguished armed forces veteran, Maj. Neil Castelino brings a wealth of experience to FIFS. In his long career spanning over 20 years, he has worked in leadership roles across corporate affairs, public policy, stakeholder engagement & operations.
Maj. Castelino has successfully managed National, State and Regional operations & engagements at reputed organisations including the Confederation of Indian Industry (CII), Flipkart, and Bharti Infratel Ltd. He has played a key role in creating & influencing Public policies, driving partnerships in logistics and warehousing and developing the e-commerce industry as well. His detailed understanding of solving complex issues in compliance and regulatory matters has made it easier for businesses to operate in different sectors. Now, Maj. Castelino is prepared to guide FIFS in promoting the Online Fantasy sports industry in India.
As the new CEO of FIFS, he looks forward to creating collaborations, promoting partnership opportunities and working on the Policy & Regulatory framework for the Fantasy Sports industry working with the leaders of Online Fantasy Sports in India, Central, State governments and other important stakeholders.
Commenting on his appointment, Maj Neil Castelino said, “I am honoured and excited to lead the Federation of India Fantasy Sports (FIFS). The Fantasy sports industry is a Sunrise and burgeoning sector, I look forward to working closely with all stakeholders to promote innovation, a fair and transparent regulatory framework to ensure sustainable development in the sector.”
With Major Neil Castelino at the helm, the FIFS aims to strengthen its position as the premier industry body for fantasy sports in India, fostering a suitable ecosystem for all members and stakeholders.
Brands
Eternal posts Rs 54,364 crore revenue, up 168 per cent in FY26
Q4 profit rises to Rs 174 crore as firm streamlines District business
NEW DELHI: Eternal Limited reported a sharp surge in scale for FY26, with consolidated revenue rising 168 per cent year-on-year to Rs 54,364 crore, underscoring strong growth across its core businesses.
The company’s growth was mirrored in its bottom line, with a total annual profit of Rs 366 crore. The fourth quarter was particularly strong, contributing Rs 17,292 crore in revenue and Rs 174 crore in profit, a sharp rise compared to the Rs 39 crore profit recorded in the same period last year.
Key financial metrics from the report include:
- Total assets: Increased to Rs 40,736 crore from last year’s Rs 35,623 crore.
- Delivery charges: The company collected Rs 9,065 crore in delivery and related charges over the year.
- Employee costs: Staffing and benefit expenses amounted to Rs 3,536 crore.
- Liquidity: The firm maintains a cash balance of Rs 996 crore, supported by Rs 632 crore generated from operating activities.
On the strategic front, the company has approved the transfer of its District platform’s technology stack to its wholly owned subsidiary, Wasteland Entertainment Private Limited. The deal, valued at Rs 24.19 crore, will be completed in cash and is expected to close by May 1, 2026, along with the transition of select employees. The move is aimed at consolidating its entertainment and ticketing operations under a focused entity.
From a regulatory standpoint, statutory auditors Deloitte Haskins & Sells issued an unmodified opinion on the financial results. However, they flagged an ongoing show cause notice related to GST on delivery charges, which the company continues to contest, citing a strong legal position.
With robust revenue growth and ongoing structural tweaks, Eternal is clearly sharpening its playbook as it expands beyond its core into a broader consumer services ecosystem.
