Gaming
Anuj Tandon announces departure from JetSynthesys as gaming CEO
MUMBAI: He’s game to get a move on Anuj Tandon, the CEO and investor of gaming at JetSynthesys has decided to hang up his boots at the company. As CEO of gaming, Anuj led and managed various gaming assets of JetSynthesys including its game studio, investments and global partnerships, esports (Skyesports), Nautilus Mobile, Jetapult, Nodwin and Web3 ventures.
He spent two years at India’s foremost gaming firm as its CEO, also being a board observer at Nautilus and Jetapul. Prior to that, he was head (India & Mena regions) of corporate development & investments at Krafton where he led its investments in Pratilipi, FRND, Nautilus Mobile, KukuFM, Nodwin, Loco, One Impression, among others.
A hard core software enthusiast Anuj began his career at Infosys working as a developer, then a solution designer for four years before jumping to Tech Mahindra for a short stint of six months in end-2009. He then co-founded his own studio Rolocule Games which he ran for five years before it was acquired by Dream 11. Nazara Games was his next stop for a year where he headed mobile game publishing & marketing till 2016. He then helped Chinese company Yozu Interactive to set up Yoozoo Games as its CEO and stayed there for four years. And then came his Krafton shift where he oversaw its investments in various companies.
Anuj is a well-known figure in the games industry and observers are all eager to know what his next initiative will be.
However, he was effusive in his praise while posting his departure from JetSynthesys on Linkedin this morning. Said he: “.. I would like to thank Rajan Navani for being the visionary to create one of the most important companies in digital media and gaming in India and offering me the opportunity to work as CEO gaming.”
He then went on to thank the rest of his colleagues at the various studios and companies he oversaw.
Gaming
Bluestone FY26 revenue rises to Rs 2,436 crore, turns profitable
Q4 profit at Rs 31 crore, full-year profit at Rs 13 crore vs loss last year.
MUMBAI: From sparkle to numbers, Bluestone seems to be polishing more than just jewellery this year. Bluestone Jewellery and Lifestyle Limited reported a sharp turnaround in FY26, with revenue from operations rising to Rs 2,436 crore (Rs 24,364 million), up from Rs 1,770 crore (Rs 17,700 million) in FY25. The company posted a full-year profit of Rs 13 crore (Rs 131.79 million), a significant recovery from a loss of Rs 222 crore (Rs 2,218 million) a year ago.
Total income for the year stood at Rs 2,486 crore (Rs 24,860 million), compared to Rs 1,830 crore (Rs 18,300 million) in the previous year, reflecting both topline growth and improved operational momentum.
The March quarter, however, told a more nuanced story. Revenue from operations came in at Rs 681 crore (Rs 6,814 million), down from Rs 748 crore (Rs 7,486 million) in the year-ago period, though higher than Rs 461 crore (Rs 4,613 million) in the preceding December quarter. Net profit for Q4 stood at Rs 31 crore (Rs 311.81 million), compared to Rs 68 crore (Rs 688 million) a year earlier, but a clear reversal from a loss of Rs 51 crore (Rs 512 million) in Q3.
Margins were shaped by higher input costs, with raw material consumption rising to Rs 2,204 crore (Rs 22,043 million) for the full year, alongside employee benefit expenses of Rs 282 crore (Rs 2,824 million) and finance costs of Rs 210 crore (Rs 2,104 million). Other expenses came in at Rs 371 crore (Rs 3,715 million), slightly lower than Rs 393 crore (Rs 3,938 million) in FY25.
On the balance sheet front, total assets expanded to Rs 4,961 crore (Rs 49,610 million) as of March 31, 2026, from Rs 3,532 crore (Rs 35,322 million) a year earlier, driven largely by a surge in inventories to Rs 2,672 crore (Rs 26,718 million). Equity also strengthened to Rs 1,803 crore (Rs 18,030 million), nearly doubling from Rs 911 crore (Rs 9,107 million).
Cash flows reflected the cost of growth. Net cash used in operating activities stood at Rs 199 crore (Rs 1,990 million), while investing activities saw an outflow of Rs 239 crore (Rs 2,392 million). Financing activities, however, generated Rs 497 crore (Rs 4,971 million), helping the company end the year with cash and cash equivalents of Rs 108 crore (Rs 1,075 million), up from Rs 49 crore (Rs 487 million).
Earnings per share for FY26 came in at Rs 1.10, a sharp improvement from a negative Rs 79.74 in FY25, underlining the shift from losses to profitability.
With revenue scaling up, costs still glittering on the higher side, and profitability finally back in the black, BlueStone’s FY26 performance suggests a business mid-transition less about shine alone, and more about sustaining it.
