Edited by Venk at 2017-02-20 11:06 PM |
Xiaomi announces promotion of Manu Jain to Vice President of Xiaomi and Managing Director of Xiaomi India.
Xiaomi has assigned Manu Kumar Jain to the position of Vice President. Jain has served as the head of India operations since the day the Chinese brand opened shop in India in 2014. Apart from serving as the VP, he will continue to oversee the India operations as Managing Director. Acknowledging India’s role and contribution to Xiaomi’s growth as a global organization, company is announcing Manu Jain’s promotion to Vice President. As Vice President of the company and Managing Director of Xiaomi India, Manu will continue to spearhead and lead all aspects of Xiaomi’s India business. Today, India is the company’s largest market outside of China surpassing USD $ 1 billion in annual revenue in 2016." said Xiaomi official, on February17, 2017.
They also stated about the Growth and Achievements made by Xiaomi in India Since its Entry into India like this "Entering India in July 2014, Xiaomi has now become the second largest smartphone vendor in the country with 10.7 percent market share, and the number one selling smartphone brand online with 29.3 percent market share in Q4CY16, as per IDC."
This Is How Manu Replied To This Surprising News On his Facebook page :
Thank You my phenomenal Xiaomi family! I am so glad I got the opportunity to work with the best team on the planet. This is a result of some of the great things our Mi Fans have done for Xiaomi in India.
About Manu Kumar Jain :
He was a co-founder of online fashion retailer Jabong, and has studied engineering at the Indian Institute of Technology (IIT), Delhi and management at the Indian Insitute of Management(IIM) Calcutta. After the highs of 2014, when Xiaomi entered India through massively hyped online flash sales, Jain has helped the Chinese smartphone maker settle down. Amid recent reports of a sales slowdown in China, India generated a lot of positive news. Mi phones were made available across e-commerce platforms and physical stores, the company launched a well-received fitness band.
Jain's promotion follows the exit of Hugo Barra from the company last month, who previously held the position of Global VP. Barra has since then announced plans of heading Oculus at Facebook back at Silicon Valley. Under the leadership of Jain, Xiaomi India flourished tremendously since its launch, with the company currently at the number one position for online smartphone sales in the country and carving a sizable slice of the pie even offline.
Others include, setting up Xiaomi’s first manufacturing plant in India in Sri City, Andhra Pradesh, in partnership with Foxconn India with more than 75 percent of devices sold being made in India under Make In India campaign started by the Prime Minister of India. Bringing craze towards mi.com and making it gain a place in top 10 shopping sites with nearly 1 million visitors everyday. From record selling 1 million devices in 18days (from October 1-8, 2016) to shipping more than 2 billion smartphones within a period of Q3 in 2016, which happened for the first time in Indian smartphone market. Selling high quantity of smartphones with more than 3.6 million Redmi 3S series in less than six months and more than 3.6 million Redmi Note 3 in 2016. Launching of Redmi Note 4 in India and thereby shattered all previous records by "Achieving the biggest smartphone sale in the history of India" on January 23rd 2017 by selling more than 250,000 units of Redmi Note 4 across mi.com and Flipkart, in 10 minutes.
Besides these, he was also responsible for Expanding Xiaomi’s presence in the country including setting up an R&D centre, warehouses, logistics centers, call centers support and over 250 service centers, and Many more.....
Congratulations to Manu sir on his success and promotion as Vice President of Xiaomi. With this Great News, We wish Xiaomi to have a huge success throughout the Global Market and More innovative products coming into play under the brand name "Xiaomi".