How it started
History
In 1999, Vishal Gondal founded Indiagames, then a five-member team. Indiagames primarily engaged in publishing and developing games across various platforms such as Internet, PC, broadband, mobile phones, PDAs, handheld gaming devices and consoles.
In 2005, TOM online Games, a subsidiary of TOM Online Inc took major stakes in the company. Vishal Gondal kept his position as CEO.
In 2007, the Indian company UTV Software Communications acquired a majority stake in Indiagames.
In June 2010, Indiagames was re-branded as UTV Indiagames. In 2011, the remaining stake in Indiagames was acquired by Disney for around $100 million. At the time of acquisition, Indiagames was making a profit of $400,000 per year on revenues of $11 million as reported by various publications. In April 2013, Vishal Gondal stepped down from control of the company and was replaced by Sameer Ganapathy.
From Wikipedia’s article on UTV Indiagames, shared under CC BY-SA 4.0.2