Smartphone sales in the country grew almost 3-fold to over 44 mn in 2013. Micromax had 15% market share
New Delhi : A week after hiring Samsung India’s mobile chief, handset maker Micromax today appointed former Bharti Airtel CEO Sanjay Kapoor as Chairman, gearing up to become the country’s top smartphone player, reports PTI.
Kapoor, who resigned from India’s largest private telecom operator in May last year, also joined the promoter group of the nation’s second-largest smartphone maker. “Sanjay brings with him a global experience, something which we at Micromax are looking forward to as we see the new age of high data usage and better technically equipped smart devices explode around us,” Micromax co-founder Rahul Sharma told PTI.
“I am excited as an entrepreneur to be a part of the promoter group and as a professional to lead the Micromax board and management. I look forward to adding value to all stakeholders leveraging my strengths in building scale, developing brands and understanding consumers,” Kapoor said.
“Proliferation in data services and cutting-edge devices that make technology affordable for masses will be critical for next phase of growth and I am confident that Micromax will lead this transition,” he said.
Micromax last week roped in Samsung India’s mobile and IT business chief Vineet Taneja as Chief Executive Officer. In May, it appointed senior Bharti Airtel executive Badal Bagri as Chief Financial Officer. The firm expects the moves to help it strengthen its position in the segment, which is witnessing explosive growth.
According to International Data Corporation, smartphone sales in the country grew almost three-fold to over 44 million in 2013, buoyed by affordable devices made by local firms such as Micromax and Karbonn.