Founder of Micromax, Rahul Sharma’s success story is unbelievable

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Well-known company Micromax may be championing the evolving needs of consumers in the smartphone industry at the moment, but little has been said about its founder’s comically awkward climb up the entrepreneurial ladder.

Mr. Rahul Sharma, co-founder, and MD of the homegrown smartphone manufacturer stated, “We were fresh out of college and quite raw when we first started off back in 1999. It was around the time when the dot-com boom was taking off and all I could think of was software – in fact, the company initially went by the name ‘Micromax Software’.”

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Mr. Rahul narrated a journey back from a biz meeting in New Orleans around that time.

He stated, “An airline staff with a thick accent wanted to know if I preferred window over the aisle. All I could make out from his speech was the word ‘window’ and I immediately responded saying Windows 2000.”

The left the people at the TiEcon Delhi occasion in splits. “All I could think of during that time was software,” he grinned.

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Making humble starts as an M2M associate for Nokia (under Micromax Software), Rahul was introduced to the idea of permanent wireless workstations from a Finnish managerial of the mobile producing firm. This shortly carried to power payphones in the country, which utilized SIM cards in regions without landline connections.

“With one SIM card essentially being used by multiple people, it increased accessibility for users. We started supplying it everywhere and this took the M2M business to the second spot in the world,” he added.

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But, Nokia shortly sold off this biz, but Rahul carried on milking its perspective.

“We started off by making Micromax branded terminals and installed it in payphones in Vaishno Devi. We strongly felt that if payphones could work there, then it will do well anywhere else in the country,” he added.

After an irresistible reaction, the firm signed deals with telecom firms crosswise India, shortly after taking their Rs 10-crore twelve-monthly income to Rs 100-crore a year.

However, one of the most enthralling tales was one, which inspired the software firm to turn to making and selling mobile handsets in its place.

Rahul Sharma’s Achievements:

  • Named in Fortune Magazine’s Global Power List of 2014
  • Fortune Magazine’s ’40 under 40’ list of 2014
  • GQ Man of the Year (Excellence in Business)’ in 2013
  • Micromax named as the ‘Emerging Company of the Year 2011’
  • Awarded as Forbes Person of the Year 2010
Published by Mamatha on 14 Apr 2018

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