CNBC-TV18 has picked Viaan Industries as the newsmaker of the day. The stock has gained nearly 150 percent in the last one year. They have signed 3 more companies for the next season on Indian Poker League in March. There would be 10 companies competing in the league.
Raj Kundra, MD, Viaan Industries said they plan to a lunch a new game Domestic Diva this month. In the animation segment they would be launching a show in March with Viacom, he said.
He said the level of interest for Poker in India is huge, he said.
On the business front he said in the last year they posted about Rs 128 crore in revenues with Rs 13 crore profits and the target for FY18 is Rs 250 crore with Rs 25 crore of profit after tax, said Kundar.
The future growth is very promising, he said adding that the pipeline is strong and that they have new games.
The poker industry is very big and will only get bigger and bigger. There are over a million active poker players in India and they are growing by 20-30 percent.