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March 31, 2015 7:35 AM ET

Technology Hardware, Storage and Peripherals

Company Overview of Micromax Informatics Limited

Company Overview

Micromax Informatics Limited, a consumer electronics company, provides handsets. Its product portfolio includes dual-SIM phones, 3G Android smartphones, tablets, LED and HD LED televisions, android smart televisions, and data cards. The company sells its products through retail outlets in India. It also has sales presence in the Russian Federation and SAARC markets. Micromax Informatics Limited has a strategic collaboration with Intel Corp. The company was founded in 1991 and is headquartered in Gurgaon, India.

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: 38
Chief Executive Officer
Age: 50
Co-Founder, Business Director, Executive Director and Member of Shareholders/Investors Grievance Committee
Age: 39
Co Founder, Director and Member of Audit Committee
Age: 39
Chief Financial Officer and Company Secretary
Age: 53
Compensation as of Fiscal Year 2014.

Micromax Informatics Limited Key Developments

Micromax Informatics Mulls Acquisitions

Micromax Informatics Limited is reportedly seeking acquisitions. Micromax Informatics has recently set up a merger and acquisition team to scout for start-ups working on new and interesting technology that could add value to its business. When contacted, a Micromax spokesperson said, "As a company policy, we do not comment on any market speculation.”

SoftBank Is Reportedly In talks To Acquire 20% Stake In Micromax

SoftBank Corp. (TSE:9984) and other investors are reportedly in talks to acquire 20% stake in Micromax Informatics Limited for up to $1 billion.

Micromax Plans to Expand to 10 More Countries

Micromax plans to launch products in up to 10 more countries. The company is moving from being an Indian smartphone brand to becoming an emerging markets devices and services provider. The goal is to add eight to 10 countries to the portfolio over the next two to three years. The company is also considering launching other connected devices such as wearables.

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