May 28, 2017 11:14 PM ET

Technology Hardware, Storage and Peripherals

Company Overview of Micromax Informatics Limited

Company Overview

Micromax Informatics Limited, a consumer electronics company, manufactures and supplies mobile handsets worldwide. The company offers dual-SIM phones, 3G Android smartphones, tablets, laptops, datacards, consumer electronics, and LED televisions. It sells its products through mobile stores and retail outlets in India. Micromax Informatics Limited has a strategic collaboration with MediaTek Inc. The company was founded in 1991 and is based in Gurgaon, India with operations across the Russian Federation and SAARC markets.

Micromax House

90B,Sector-18

Gurgaon,  122015

India

Founded in 1991

273 Employees

Phone:

91 12 4481 1000

Fax:

91 12 4481 1099

Key Executives for Micromax Informatics Limited

Co-Founder, Chief Executive Officer and Executive Director
Age: 40
Co-Founder, Business Director and Executive Director
Age: 41
Co Founder and Director
Age: 41
Co- Founder
Age: 51
National Sales Head
Age: 50
Compensation as of Fiscal Year 2016.

Micromax Informatics Limited Key Developments

Micromax Launches Latest Smartphone, Featuring Touch Sensor FPC1035

Fingerprint Cards AB announced that Micromax launched its latest smartphone, featuring the company's touch sensor FPC1035. Financial details of this deal were not available. The company said this is the first time that one of Fingerprint Card's solutions has been integrated by an Indian OEM.

Micromax Rolls Out Products in Major MENA Markets

Micromax Informatics has announced the roll out of four new handsets across major MENA markets. The new product line include the Micromax Q465, a powerful yet affordable smartphone fully loaded with 4G connectivity, fingerprint sensor and long battery life, the Micromax Q301, an entry level smartphone and two feature phones - the Micromax X406 and the Micromax X704. All the handsets target the fast growing segments of the regional mobile phone user base which comprise of first time mobile users, consumers upgrading to smartphones and consumers looking for a high quality smartphone experience at an optimal cost. Targeting users who want power packed budget friendly smartphones that last all day long, the new Micromax Q465 product offers a 3900 mAh marathon battery, finger print sensor, 5 inch HD screen and more, to meet the ever increasing need of consumers on the move. Exquisitely crafted with a metal back cover, the device is equipped with 5-inch HD (1280720) display offering superior image and high quality graphics. Driven by a 1.3 GHz Quad core processor, and 2 GB RAM, one can enjoy seamless multi-tasking on the go. The new smartphone is equipped with a fingerprint sensor making the smartphone highly personal and protected. The smartphone also sports an 8MP rear camera and a 5MP front camera that will help users capture their moments perfectly. With 4G internet experience, the smartphone gives the users a window to heavy web downloading, hard-core gaming, and high-quality premium video viewing without any lag.

Micromax Mulls Acquisitions

Micromax Informatics Limited is looking for acquisitions. The company is setting up an independent fund which will raise up to $100 million, aimed at investing in consumer Internet companies across the world that have relevance to the Indian market. The fund will look to invest in 10-12 startups with a ticket size of $3-5 million each. “Our investments into the 10 companies that were made from the first fund have been very successful, the IRR (rate of return) has been in triple digits, which is why we want to expand the horizon,” said Co-founder Rahul Sharma.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 18, 2016
--
Private Placement
October 3, 2016
WishPoint Tech Pvt Ltd.
 

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