MAM
iQOO appoints 25-year-old as chief gaming officer; offers Rs 10 lakh
MUMBAI: iQOO appointed Vedang Vikas Chavan, a 25-year-old eSports coach and gamer from Mumbai, has been named as iQOO’s new chief gaming officer, emerging victorious in a three-month-long search that drew over 80,000 participants from 400+ Indian cities and towns. Vedang has been tested on his gameplay skills, gaming knowledge, personality, and communication along with the other participants. As part of this role, he will take home a remuneration of Rs 10 lakh.
Hailing from Navi Mumbai, Vedang’s journey is a story of relentless passion and perseverance. A chess prodigy in his early years, Vedang discovered gaming at age 10 and soon found himself captivated by esports. From sneaking into gaming cafés during college to representing India at international PUBG PC tournaments in Japan, Malaysia, Singapore, the Philippines, and Australia, his hustle never stopped. When he transitioned to coaching, he set out to give aspiring gamers a real shot at experiencing competitive esports. He handpicked grassroots talent and built teams from scratch, coaching them to podium finishes at top esports events. From being told he wasn’t good enough to become a sought-after leader, Vedang carved his space in a tough industry and helped others rise alongside him.
Expressing his excitement, Vedang said, “I’m genuinely overwhelmed and grateful to be named iQOO’s new Chief Gaming Officer. When I first came across this opportunity on LinkedIn, I saw it as the perfect way to challenge myself, a chance to grow, upgrade my skills, and do something meaningful in the esports space. And the fact that it was coming from a brand like iQOO made it even more exciting. I knew I had to give it my all. I never imagined it would take me all the way here. The competition rounds were intense, and the finalists I met along the way were all incredibly talented. I’ll never forget the video call with Nipun sir congratulating me, that’s a moment I’ll always treasure. This journey has been surreal, and I’m thankful to iQOO, the jury, and everyone who believed in me. I’m excited to now take this passion forward with iQOO and give back to the community that shaped me.
Welcoming Vedang, iQOO CEO Nipun Marya said, “This is yet another iconic moment for the Indian smartphone industry, and we are proud to welcome Vedang as our new Chief Gaming Officer. Vedang perfectly embodies the spirit of ‘I Quest On and On’. His journey from grassroots gaming to leading top teams reflects the passion and perseverance we value at iQOO. With his experience as a player, coach, and mentor, we believe he will bring a sharper understanding of the gaming community and a fresh perspective to our gaming initiatives. All of us at iQOO are excited to have him join the family, and we are confident he will make a meaningful impact in this role.”
From competing against 80,000+ passionate gamers to impressing a power-packed jury panel featuring Nipun Marya, Rannvijay Singha, Payal Gaming (Payal Dhare), and 8bit Thug (Animesh Agarwal), Vedang has emerged as the winner of CGO 2.0. As CGO, Vedang will work closely with iQOO’s leadership, offering insights to enhance the smartphone gaming experience and connect with the esports ecosystem. The position will also give him the opportunity to collaborate with top gamers across India and earn a prize of Rs 10 lakhs.
In addition to strengthening its presence in the esports space, iQOO has appointed Harshvardhan as its official caster. A passionate storyteller and presenter, Harshvardhan began his casting journey two years ago and quickly made a mark by winning the Nodwin Gaming Talent Hunt three times, including during BGIS 2024. Beyond the mic, he brings a well-rounded understanding of the esports ecosystem, skilled in production, match analysis, editing, and design. With his deep connection to the gaming community and evolving expertise, Harshvardhan will serve as a strong voice for iQOO’s gaming initiatives across platforms.
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.
