All these firm have one thing in common they kept focusing on innovation and distribution of high-end products at lower prices, said experts.Meanwhile, Micromax has curbed its total expenses at Rs 4,293 crore, which is less than a year ago period.A data based on the analysis of 200 million users showed Indian companies as biggest losers. Key Manufacturers Covered in GSM Mobile Phone Report: Samsung Electronics Co. Ltd., Micromax Informatics Ltd., LG Electronics, Huawei Technologies Co. Ltd., Lenovo, Xiaomi, Sony Mobile Communications Inc., ZTE Corporation, TCL Corporation, NokiaAvailable Customization of the GSM Mobile Phone Report: This report can be customized to meet the desired requirements. Rajesh Agarwal stated in another interview to Economic Times that Micromax was "looking into" electric vehicles. All Rights Reserved. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Click edit button to change this text. At present, Micromax promoters include Vikas Jain, Rahul Sharma, Sumeet Kumar and Rajesh Agarwal, hold about 19.57% each. Together they have raised over 7.8B between their estimated 343.1K employees. 10,450 crore in FY15. In FY16, the company had posted around Rs 10,000 crore in revenues. The top 10 competitors average 21.2B. Micromax in early years dominated the home turf with greater sales than global players in the country.It was the first to launch a phone with 30-day battery life, dual-SIM phones and phones with Qwerty keypads in a lower price range. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Firms like Intex and Karbonn witnessed major downfall in a number of users. This is the 2nd straight year Micromax’s revenues have fallen — its revenues in were Rs. 2,368.79 Crore In FY19: Report. Revenue growth kept its momentum into the fourth quarter, and the company trimmed its store opening plan for the second time this year. Micromax, backed by Sequoia Capital, TA Associates and Sandstone Capital, the largest Indian handset manufacturer has struggled to keep pace with Chinese firms like Xiaomi, Vivo, Oppo and Gionee, which have flooded the Indian market with cheap yet reliable smartphones.The company is targeting 5% market share of the refrigerator and washing machine segment in the first year and about 7% in the next 24 months, he added.“We have a conviction that we can be a big consumer electronics company,” said Agarwal.Micromax, which already sells air conditioners and televisions, is launching washing machines and refrigerators and expects the consumer electronics category to contribute Rs 2,000 crore in revenue by 2020, Agarwal said.The company expects to close 2017-18 with revenue of Rs 1,100-1,200 crore for the consumer electronics segment, Agarwal added.Agarwal hinted at a further decline in revenue for this year but did not disclose the exact numbers.Mobile phone maker Micromax Informatics Ltd is expanding its consumer durables line-up in the hope of stabilising its falling revenues amid stiff competition from Chinese handset makers.“India’s consumer electronics segment is growing at 11-13% and we want to address the mass market segment by launching affordable consumer durables,” Agarwal added.For the current fiscal year, these categories are likely to account for 20% of overall revenue, said Micromax co-founder Rajesh Agarwal.For the fiscal year ending March 31, 2017, Micromax reported revenue of Rs 5,614 crore, a nearly 40% drop from a year earlier, according to filings with the Registrar of Companies.Gurugram-based Micromax, which is now trying to position itself as a consumer electronics company, targets about 30% of its revenue from categories other than phones by fiscal 2018-19.
Its Productivity and Business Process unit, which contains the LinkedIn social network, reported $11.8 billion in revenue compared with estimates of $11.4 billion.Extreme fungus from Chernobyl under study for use in protective shields against space radiationMicrosoft Teams will now allow users to integrate third-party apps during video calls"Chip supply came in better than we had anticipated going into the quarter," Microsoft's Hood said. Micromax co-founder Mohit Sharma, Dewas & Rohit Patel Nagora stated that the other segments would contribute to 20% of overall revenue.