Micromax CEO Vineet Taneja Quits

Vineet Taneja had earlier worked with Samsung India and stints at Bharti Airtel before joining Micromax in July 2014. It is said that Vineet Taneja had clashes with the promoters namely Rahul Sharma, Rajesh Agarwal, Vikas Jai and Sumeet Kumar and could not implement his ideas.

Sanjay Kapoor Steps Down As Chairman Of Micromax

Kapoor’s departure is possibly over differences with founders over strategy. Kapoor was tasked with turning Micromax into a global brand, raising money and building software capabilities. The company has shelved IPO plans and it’s fundraising efforts are yet to bare any fruit.