The company’s co-founder Vikas Jain told a financial daily that Micromax is trying to finalise product specifications for the end consumer. “We’re also talking on the operating system level on what can be done differentially to get the consumer excited and bring out a package that can shake up the market,” Jain told ET.
The company which is looking to close FY2014 with $1 bn in revenues is also evaluating an IPO after the general elections. Note that it had tried to go public (with a Rs 426 cr IPO) in 2011 but pulled out.
Recently, Nokia launched its new Android based Nokia X in India. Nokia which was acquired by Microsoft used make Windows OS smartphones ever since it decided to ditch Symbian. Earlier news reports said that Microsoft is planning to give free Windows phone licence to some Indian companies.