Gaming
JetSynthesys recruits Surender Thakur as revenue head
MUMBAI: JetSynthesys, the Mumbai-based gaming and digital entertainment outfit, has snared Surender Thakur as its new revenue head. The appointment sees the former national sales head of Viacom18’s live entertainment arm jump ship to the next-generation tech company.
Thakur brings nearly two decades of media muscle to JetSynthesys, which crafts immersive experiences across gaming, esports, music and youth culture. At Viacom18, he spearheaded sales strategy for large-format properties including Vh1 Supersonic and bespoke brand integrations, leading sales teams nationwide.
His media pedigree runs deep: three years at HT Media’s Fever FM and Radio One, where he headed business operations and drove profitability. Before that, an eight-year stint at Radio One saw him climb from retail sales head to station chief. He cut his teeth at Radio City and Mid Day, handling everything from classified ads to consumer durables at the English daily’s Rs 100-crore operation.
The hire signals JetSynthesys’s intent to monetise India’s booming gaming and esports scene more aggressively. With digital entertainment revenues surging post-pandemic, the company appears keen to leverage his live events expertise to bridge traditional media and gaming cultures.
For Thakur, it’s a chance to apply his sponsorship and IP curation skills to India’s most dynamic entertainment sector. The move also reflects the blurring lines between conventional media and gaming, as brands chase younger audiences across platforms.
JetSynthesys now has a seasoned revenue warrior to navigate this brave new world of digital entertainment
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.
