Xiaomi India has appointed Manu Jain, the company’s current India head, with additional responsibility as Vice President and India Managing Director, according to this ET report. Jain will now take care of Xiaomi’s India business operations, with additional charge as Vice President.
MediaNama has written to Xiaomi for a confirmation and will update the story once they respond.
Jain has confirmed his appointment via a tweet:
— Manu Kumar Jain (@manukumarjain) February 17, 2017
According to his Linkedin profile, Jain has been with Xiaomi for more than 2 years heading the India unit. He took the additional charge as VP in January 2017. Prior to joining Xiaomi, he was the co-founder and Managing Director of fashion ecommerce portal Jabaong. He has also held managerial and executive roles with companies like McKinsey & Company and Genpact. Jain’s appointment comes just a month after Hugo Barra’s exit from the company, who earlier held the role of Global Vice President. Barra’s stint with XIaomi lasted for 3.5 years and has currently moved on to Facebook to head its Virtual Reality segment.
In India, Xiaomi reportedly crossed $1 billion in revenue from its India operations. During Q2 2016, Xiaomi’s Mi Band shipments accounted for 10.3% of overall Indian wearable market. In Q3 2016, the company debuted among the top 5 smartphone vendors list (in terms of shipments) according to IDC, and a quarter later in Q4 2016, it took the second place holding 10.7% market share. Apart from this, Xiaomi introduced two new flagship products (other than smartphones) in India during Barra’s stint with the company: the Mi VR, and Air Purifier 2.
Corrigendum: A spokesperson for Xiaomi told MediaNama that Manu Jain will lead the company’s India operations with additional charge as VP, and not Global operations. The story has been updated to reflect the changes.