The launch of PUBG in India has created a lot of hype among gamers. PUBG was banned by the Indian Government recently due to the user privacy issue. It is now back with a new publisher. Earlier, the publishing rights were with Tencent, which has been removed completely.
PUBG Corporation, the company that owns PUBG, PUBG Mobile, PUBG Mobile India, and PUBG Mobile Lite titles, has set up its Indian subsidiary, called PUBG Mobile India, as a registered Indian company which will manage the game exclusively for India.
The company has been registered with the Ministry of Corporate Affairs with Rs 5 lakhs' paid-up investment. The registration took place on November 21, which means that the company is closer to launching the PUBG Mobile India than before. The company will also form an Indian subsidiary, into which an investment of as large as $100 million (roughly Rs 739.72 crore) would go in.
The new company headquarters has been set up in Bengaluru, which will take control of all the operations of the game in India. Krafton's head of corporate development, Sean (Hyunil) Sohn, has been appointed as one of the two directors of PUBG Mobile India. Krafton, the South Korean company, is the original creator of the game. The other director is Kuma Krishnan Iyer. The names of both the directors have been officially registered with the registration of the company.
Earlier, there were many speculations regarding Indian companies like Paytm, Reliance Jio, and Airtel publishing the app. But PUBG Mobile India has gone solo by directly collaborating with Krafton and registering as an altogether independent entity. With this latest development, PUBG is on the verge of launching in the app store in India.
Honor smartphones will soon support Google Mobile Services
Huawei App Gallery gets a major redesign and a Featured tab
Amazon Launches Amazon Academy in India
Google Pulls Several Loan Apps From Play Store In India
Tesla Makes Entry In India, Registers R&D Unit In Bengaluru
© 2021 CIO Bulletin. All rights reserved.