Sanjay Kapoor, Chairman of Micromax resigns, reason for resignation unknown

Shedding light into the internal turmoil of top management in telecom companies, Sanjay Kapoor, Chairman, Micromax Informatics Ltd has resigned from his post yesterday. It has been a little more than a year he joined.

Sanjay Kapoor

Sanjay Kapoor

The company has not revealed the reason for his resignation and also, the further plans of Sanjay Kapoor remains unknown. Kapoor was responsible for the expansion of company to international front and was helping in raising funds to diversify the company into other businesses.

Kapoor also maintained a stake in the company, the share of which is unknown. The four founders of Micromax – Rahul Sharma, Rajesh Agarwal, Sumeet Kumar and Vikas Jain—own nearly 80 percent of the company.

Sources say that there were difference of opinions existing between the founders and Kapoor, on matters like pricing of the products, valuation of company for the purpose of fund raising, online retailing etc.

Kapoor was the former CEO of Bharti Airtel and is known for his contribution to make Airtel from a traditional voice provider to data service provider.

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16 Comments on "Sanjay Kapoor, Chairman of Micromax resigns, reason for resignation unknown"

 

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Shreyas
August 30, 2015 9:31 am 9:31 AM

NO NO NO he resigned because he got a call a day before yesterday from Fraudtels Mittal to come back and to take charge and formulate strategy before Mukesh bhai arrives with his big bang(RJIO)

Shashikant Mane
August 29, 2015 10:59 pm 10:59 PM

he was resigned due to management problem . Its between chairman’s and MD’s

Madhan Kumar
August 29, 2015 10:44 pm 10:44 PM

Sanjay Kapoor would hav said let’s price our products price in near with Samsung prices and loot Indian customers,that’s why Rahul Sharma should hav thrown him out of their company.Not to mention Sanjay Kapoor is the reason for Airtel becoming a big greedy looting company!

August 29, 2015 10:48 pm 10:48 PM

Speak with facts, BSNL fan boi

Mohit
August 30, 2015 12:45 pm 12:45 PM

The fact is Duane is a Airtel fan boy. Or he is getting lifetime free calls and 4G internet from Airtel.

Madhan Kumar
August 30, 2015 5:11 pm 5:11 PM

@Mohit: He is not only AirTel’s BlindFold fan but also working as FraudTel’s chief marketing officer & even he is one of the moderator of T.T.There is proof that Duane is working for FraudTel which someone even posted the proof few months back in previous T T articles.

gaurav
August 30, 2015 5:27 am 5:27 AM

are you a judge that we need to present proof. what facts are you moron. even if god comes before you you’ll say he does not exist! paid stooges and psychopants can never see facts and live in reality!

Madhan Kumar
August 30, 2015 5:01 pm 5:01 PM

@Gaurav: Don’t get tensed Bro just ignore Duane’s cmts!

Sayantan
August 30, 2015 11:41 am 11:41 AM

Ignore him.Who cares about him.We all know he is a bot spamming here.

Madhan Kumar
August 30, 2015 5:04 pm 5:04 PM

@Sayantan: He is not only a bot but also a Moderater in T.T who makes sure of… … I won’t say any further if I say anything then T.T won’t post my comment!

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