December 03, 2016 12:21 AM 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, Executive Director and Member of Shareholders/Investors Grievance Committee
Age: 41
Co Founder, Director and Member of Audit Committee
Age: 41
Co- Founder
Age: 51
National Sales Head
Age: 50
Compensation as of Fiscal Year 2016.

Micromax Informatics Limited Key Developments

Micromax Informatics Limited Announces Sales Results for the Year 2016; Provides Sales Guidance for the Fiscal Year 2017

Micromax Informatics Limited announced sales results for the year 2016. For the year, the company closed fiscal 2016 with a revenue of about $2 billion. The company provided sales guidance for the fiscal year 2017. For the year, the company expects a growth of 25%-30%.

Micromax Mulls Listing

Micromax Informatics Limited intends to list its shares. Micromax is seeking for listing within two years. Vikas Jain, Micromax joint founder, declared target for the company to become global number five smart phone maker by 2020 through luring Chinese customers and financing through listing.

Micromax Informatics Mulls Acquisitions

Micromax Informatics Limited is seeking acquisitions. Rajesh Agarwal, Co-founder said that the company is open to inorganic growth through acquisitions and joint ventures in the electronics components manufacturing

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 18, 2016
--
Private Placement
October 3, 2016
WishPoint Tech Pvt Ltd.
Private Placement
April 22, 2016
TranServ Private Limited
 

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