Meet owner of Micromax, who faced Rs 12000 crore fall, now built Rs 6,200 crore company, married to actress Asin, his name is...
Meet owner of Micromax, who faced Rs 12000 crore fall, now built Rs 6,200 crore company, married to actress Asin, his name is…
Success Story: Rahul Sharma is a tech genius and an entrepreneur who dethroned Samsung in smartphone war in India. His life is like a rollercoaster ride, from building a billion-dollar business with Rs 3 lakh loan to turning down Rs 6,700 crore funding. In the early 2000s, Rahul Sharma founded Micromax Informatics with his friends Rajesh Aggarwal, Vikas Jain, and Sumeet Arora. In 2008, things changed when they launched their mobile phone, starting the era of budget-friendly mobiles in India.
In 2014, Micromax actually shaken the budget-friendly phone market, decreasing Samsung's sales in India. Sharma didn't stop at India. He launched the brand in Russia, becoming the first Indian company to export phones in the country like Russia.
Micromax Crashed, But He Didn't: How Asin's Husband Rahul Sharma Rebooted His Fortune with a Rs 6,200 Crore Manufacturing Empire
When Engineer Meets Entrepreneur
Rahul Sharma was born on September 14,1975. He completed his bachelor's degree in mechanical engineering from Rashtrasant Tukadoji Maharaj Nagpur University and a B.Com degree from Saskatchewan in Canada.
How Akshay Kumar Played Cupid
During the shoot of Houseful 2 in 2012, Akshay Kumar, who was Asin's co-star introduced her to Sharma. Their bonding blossomed and in 2016, the duo tied knot in a private ceremony. Akshay was the best man in the wedding.
Rahul Sharma's Net Worth
Rahul Sharma's net worth is estimated at Rs 1,300 crore. He owns several luxury cars such as a Bentley Supersport Limited Edition, BMW X6, Mercedes GL450, and a Rolls-Royce Ghost Series 2. He also owns a luxury farmhouse in the national capital.
The Fall Of Micromax
From 2010 to 2015, Micromax dominated the mobile market. There was a time when the company held a 50 percent market share.
But when Chinese brands entered with cheap prices they cornered exclusive deals with suppliers.
One Pivotal Moment
In 2014, Sharma rejected USD 800 million funding from Alibaba. This decision was later regretted by him
The Silent Comeback
In 2017, Sharma launched Revolt Intellicorp – India's first AI-enabled electric bike. That not all, he silently repurposed Micromax's factories and built a manufacturing business. Today, his company Bhagwati Products Ltd (BPL) has a turnover of Rs 6,200 crore.
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