Reuters Photo Credit: Sanjay Kapoor

Sanjay Kapoor steps down as Micromax chairman

By PTI
31 August, 2015

Sanjay Kapoor has stepped down as Chairman of Micromax, a little over a year after joining India’s second-largest handset vendor.

“Sanjay Kapoor has decided to move on. Appropriate announcements will be made in due course. We would like to thank him for his contribution and wish him luck for all his future endeavours,” a Micromax spokesperson said.

Kapoor’s next assignment could not be ascertained. The spokesperson also did not disclose the reason for Kapoor’s exit from the firm.

The former Airtel CEO had taken over as Micromax’s Chairman in June last year. He was tasked with making Micromax a global brand.

Under Kapoor, Micromax has maintained its grip in the booming Indian smartphone market.

Even as the feature phone market in India has shrunk, smartphone sales have surged, helping the likes of domestic handset makers like Micromax and Intex.

According to research firm IDC, some 26.5 million smartphones were shipped to India in the second quarter of 2015, up 44 per cent from 18.4 million units for the same period last year.

Samsung is the leader in the tally with 23 per cent, followed by Micromax (17 per cent), Intex (11 per cent), Lava (7 per cent) and Lenovo (6 per cent).

The overall Indian mobile phone market shrank six per cent to 59.4 million units in the June quarter compared with 63.2 million units shipped in the second quarter of 2014.


Leave Your Comment
Micromax CEO Vineet Taneja resigns

Micromax CEO Vineet Taneja resigns

Arti Singh 1 year ago
Vineet Taneja, CEO of India’s largest homegrown handset maker Micromax Informatics Ltd, has put in his papers. A company spokesperson confirmed the development to VCCircle....
Sanjay Kapoor mulls legal action against Micromax

Sanjay Kapoor mulls legal action against Micromax

Binu Paul 2 years ago
Sanjay Kapoor, who resigned as the chairman of Micromax Informatics Ltd in August, is considering legal action against the handset maker and its directors, a...
Micromax appoints former Airtel CEO Sanjay Kapoor as chairman

Micromax appoints former Airtel CEO Sanjay Kapoor as chairman

Ritika Pradhan 3 years ago
Home-grown handset and tablet manufacturer Micromax Informatics Ltd has appointed Sanjay Kapoor, former CEO of Bharti Airtel, as chairman of its board. Kapoor’s induction comes barely...
No Comments

Sanjay Kapoor steps down as Micromax chairman

Powered by WordPress.com VIP