Micromax is an Indian consumer electronics company based in Gurugram, Haryana. The company was established as an IT software company operating in the domain of embedded devices; He later entered the mobile phone business. In 2010, it was one of the largest domestic companies manufacturing phones in the low-cost handset segment in India. As of Q3 2014, Micromax was the 10th largest smartphone provider in the world. In the fourth quarter of 2015, shipments of Micromax fell 12.1%, compared to growth of 15.4% for the mobile sector. Micromax's share of the smartphone market fell to 13% in the fourth quarter of 2015 from its 22% peak in 2014. The company faces stiff competition from Chinese companies that have entered the Indian market.
Micromax was incorporated as Micromax Informatics Ltd. on March 29, 2000. It started selling mobile phones in 2008, focusing on low prices to compete with international brands. Micromax co-founder Rahul Sharma once saw a public call office being powered by a truck battery because of frequent power outages in his area. It prompted him to launch a feature phone with an extended battery life. Micromax launched X1i, its first phone with a one-month battery backup. By 2014, Micromax sales surpassed Samsung's to become the maker of mobile phones that shipped most phones in a quarter in India. On January 24, 2014, Micromax became the first Indian mobile company to begin sales in Russia. As of April 10, 2016, Micromax announced a strategic alliance with digital payment company TranServ and Visa global payment technology to deliver next-generation payment solutions in India.
Micromax products have become an extension of the lifestyle and dynamism of young Indians. The company has many first to its credit when it comes to the mobile phone market; Including 30-day backup battery, Dual SIM Dual Standby phones, QWERTY keyboards, universal remote control mobile phones and the first quad-core smartphone. The brand's product portfolio spans more than 60 models today, ranging from feature rich handsets, dual-SIM phones, Android 3G smartphones, tablets, LED TVs and data cards.
Micromax sells about 2.3 million Mobility Devices every month, with presence in more than 560 districts through 1, 25,000 outlets in India.