Saroj Panigrahi has been named chief operating officer of Play Games24x7 Private Limited, which operates RummyCircle and My11Circle. According to the company, he will be in charge of marketing and operations across all of its existing and upcoming platforms. Panigrahi has been with the company for 15 years, holding multiple positions and playing a critical role in shaping the company’s product strategy. In his most recent role, he was instrumental in the development of My11Circle, which has seen growth, according to the company.

“Panigrahi has been an invaluable team member over the years, and has consistently demonstrated exceptional leadership, strategic acumen, and deep understanding of the user,” said Trivikraman Thampy, co-founder and co-CEO of the company. His unwavering commitment to providing exceptional user experiences has elevated our platform and inspired our entire team. We are proud to have him in this new leadership position and we are excited about the endless possibilities for innovation and growth that lie ahead.”I have had the privilege to work closely with an exceptional team that embodies values of integrity, innovation, and customer-centricity,” Panigrahi added.

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My goal is to drive forward the next phase of growth for our businesses by building on our strong foundation and remarkable journey in the industry.”According to a Dentsu report titled ‘Gaming Report India 2022 – For the Game,’ the number of Indian gamers is growing at a CAGR of 12% and is expected to reach 700 million in FY25, up from 507 million in 2021. Women account for approximately 46% of gamers in India, and while ‘Real Money Game’ revenues currently account for 57% of the market size, future growth is expected to be driven by in-app purchases, which are expected to grow at a 34% CAGR. In FY22, there were 120 million paying users, representing a 24% conversion rate.

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