Micromax has announced that it has appointed Sanjay Kapoor Chairman of the board and a part of Micromax’s promoter group. The company recently appointed former Samsung India Mobile business head Vineet Taneja as its Chief Executive Officer. He was the Chief Executive Officer for Airtel India and South Asia from March 2010 till May 2013.
He joined Airtel in July 1998. He has also been Board & Executive committee member of GSMA and Indus Towers. He is an active member on the board of Bennett, Coleman & Co. Ltd and PVR Limited currently.
According a recent IDC report, Micromax holds about 15% market share in India in the first quarter of 2014. Last year the company roped in Hugh Jackman as its brand ambassador to expand the brand globally. It sells more than 3 million mobility devices every month, with a presence in more than 560 districts through 1,50,000 retail outlets in India, says the company. It aims to become India’s number one smartphone player.
Commenting on the new appointment, Rahul Sharma, Co-founder of Micromax Informatics Limited said,
We are glad to have Sanjay to be a part of Micromax’s promoter group and on our board as the new Chairman. Sanjay’s strategic and inspirational leadership skills will certainly provide strong impetus to Micromax as we pursue our aim to be the first Indian hardware brand driving success globally. He will be instrumental in building synergies for our existing international businesses and spearhead our foray into other international markets in the near future.
Commenting on his appointment, Sanjay Kapoor, Chairman, Micromax Informatics Limited said,
I am excited as an entrepreneur to be a part of the promoter group and as a professional to lead the Micromax board & management. I look forward to adding value to all stakeholders leveraging my strengths in building scale, developing brands and understanding consumers. There is a tremendous potential for Micromax, a vibrant youth brand that has led the democratization of technology for masses, offering affordable innovations to the consumers.