Meet Rahul Sharma, husband of Asin, started with Rs 20 crore built business of Rs 120000000000, his company is…
Actor Asin's husband, Rahul Sharma was a big figure in the mobile phone industry in India. He was the co-founders of Micromax and once a competitor of Nokia and Samsung. Micromax became one of the biggest players in the mobile industry. But Rahul faced a huge competition from various Chinese mobile companies who were selling their cell phones at a much cheaper rate.
Rahul participated in Nikhil Kamath's podcast and shared from where he got an idea to make mobile phones. It came to him while travelling in remote areas of India.
He noticed that the entire village had to pay huge amounts to one vendor to charge their phones. So he thought of making a phone with long lasting battery life. He worked on the GSM technology. He had to fight a lot with his co-founders to convince them about manufacturing of mobile phones in India.
He decided to make only 10000 phones initially so his founders agreed to give him Rs 20 crores. This is how the first Micromax phone was made. But they couldn't find distributors for the same. He narrated, '''We went back to our fixed wireless guys, and asked if they'd be willing to distribute it. We left some of our inventory with them, and within 10 days, they were sold out. Repeat orders started coming in, and things became crazy.'
Rahul added that at its peak, Micromax was making more than Rs 12,000 crore. They were in talks with Alibaba for Rs 6,700 crore funding but didn't raise it because they had so good operating income. Rahul said that they regretted this decision later. His company is earning more money now than Micromax used to get. Rahul and Asin married in 2016, after being introduced by Akshay Kumar.
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