iWorld
GodLike Esports partners with gaming agency Numen
Mumbai: GodLike Esports has joined hands with Numen Esports and Gaming for esports and gaming management services. The professional esports team, which has BGMI, Free Fire and CODR rosters, features top gamers from India including Jonathan Amaral, Arshpreet “Gill” Singh, Abhishek “ZGOD” Choudhary, Vivek “ClutchGod” Aabhas and Suraj “Neyoo” Majumdar to name a few. Through this association, Numen Esports will be managing the team’s tournament development, investment and consulting services, merchandise and more.
Founded by Chetan “Kronten” Chandgude, GodLike Esports has been making waves in the Indian and global gaming space for a few years now. Having won big at renowned tournaments like CODM India Challenge 2022, PUBG Mobile Global Championship 2021, LOCO War of Glory 2021, Skyesports Championship 3.0 and more, the members of the different rosters of GodLike Esports have managed to become established names in the esports industry in India. GodLike is among the few teams in the country with a Girls BGMI Roster, who have been creating a splash in various tournaments like BMOC, where they were semi-finalists, Truth N Fair, Rooter Underdog 1.0 and 2.0. The team also recently announced an exclusive streaming deal with Rooter, one of India’s largest gaming and esports streaming platforms.
Numen Esports & Gaming is a gaming and esports focused agency, with industry veterans, Manoj George, Sachin Parkale and Kaustubh Purohit at the helm. They bring their expertise and industry know-how to the table to provide a wide array of services from talent management, large gaming IPs, short/long format content & brand partnerships. Numen also has a host of talent, including other top creators like, Gaming Guru, Spike, Lolzzz, Novaking and more. Raking in a revenue of Rs 136 billion last year, and projected to hit Rs 290 crore by 2024-25 (as per a KPMG report), the gaming industry in India is scaling at a rapid pace and Numen Esports was founded to support this ecosystem by creating opportunities for talented gamers to pursue a viable career in it.
Talking about the partnership, Numen Esports and Gaming co-founder & CEO Manoj George said, “GodLike is undoubtedly one of the most recognized names in the Indian esports industry and we are happy to partner with them to take the team and the brand to unparalleled heights. The gaming industry in India is at a very exciting stage, with huge developments and incredible opportunities for the esports athletes and brands. We are excited to be the bridge between them and create extraordinary content and experiences for fans.”
Numen Esports and Gaming director Kaustubh Purohit said, “Our focus at Numen Esports has been to contribute to the growing Indian esports and gaming ecosystem by scouting and representing gamers and teams. GodLike is a huge phenomenon in the Indian gaming space, with all that they’ve managed to achieve in a short span of time and we are going to work together to accelerate this growth even further.”
Numen Esports and Gaming director Sachin Parkale said, “Numen and GodLike have a common vision to make India a superpower in the global gaming and esports industry. With the rapid growth the industry has been seeing recently, we are confident we can make a significant impact together.”
GodLike Esports founder Chetan ‘Kronten’ Chandgude, said, “We are ecstatic to partner with Numen Esports and are assured they will help us achieve great things. In the preliminary discussions itself, I saw the synergies and the shared passion to build something exceptional for GodLike and the Indian gaming industry and we’re looking forward to setting everything in motion.”
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.
