Vineet Taneja on 1 March 2016 resigned as the Chief Executive Officer (CEO) of Micromax Informatics Ltd. Taneja’s departure was the second high-profile exit from the company with a span of one year.
Earlier, in October 2015, Bharti Airtel CEO Sanjay Kapoor resigned as the chairman of the company.
Taneja joined Micromax from Samsung Electronics’ Indian business arm in 2014. His appointment came in the backdrop of company’s plans to expand its operations abroad.
About Micromax Informatics Limited
• At present it is India’s second-largest phone manufacturer and the 10th largest mobile phone player in the world.
• The Gurgaon-based company is the first to introduce many features in mobile handsets in India.
• The features include the 30-day battery backup, Dual SIM Dual Standby phones, QWERTY keypads, universal remote control mobile phones and first quad-core budget smart phone.
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Who: Vineet Taneja
When: 1 March 2016