A year after his appointment as chairman of Micromax, Sanjay Kapoor has exited the company. This was first reported by the Economic Times. Kapoor was hired to spearhead Micromax’s foray into other international markets in the near future and also handle their existing international business.
Micromax confirmed the development with multiple publications but offered no explanation for his departure from the company. “Sanjay Kapoor has decided to move on. Appropriate announcements will be made in due course. We would like to thank him for his contribution and wish him luck for all his future endeavours,” a PTI report read.
Prior to joining Micromax, Kapoor was the Chief Executive Officer for India and South Asia of Bharati Airtel between March 2010 till May 2013. He was with the company from July 1998 to May 2013. He has also been a Board & Executive committee member of GSMA and Board member of Indus Towers. Kapoor is also an active member on the board of Bennett, Coleman & Co. Ltd and PVR Limited.
Kapoor has also worked with Xerox India as Director-Operations Support. He has spent 14 years with the company, handling a range of key portfolios, ranging from Sales & Marketing to General management functions.
Top level changes
Kapoor’s appointment last year also came at time when Micromax was shuffling its top deck. Former Samsung India mobile head Vineet Taneja was appointed as the company’s Chief Executive Officer a week and a half after Kapoor. In November, Micromax had appointed Amarinder S Dhaliwal as the Chief Operating Officer for its newly launched online-only smartphone brand YU. Dhaliwal would be responsible for setting up the brand’s operations, leading its marketing initiatives and also driving revenues from product & services. Prior to joining YU, Dhaliwal was the co-founder and CEO of SeedFund-backed online women’s fashion brand Done By None.
In February, Micromax also roped in Asish Agrawal as its chief technology officer. Prior to his appointment with Micromax, Agrawal worked with as CTO with cloud services provider Sirqul and before that he worked with Internet giant Amazon primarily in the digital payments space and developing web services for game developers. The company also hired former GlaxoSmithKline Consumer Healthcare executive Shubhajit Sen as its Chief Marketing officer.
Micromax co-founder and then managing director Rajesh Aggarwal had quit after being arrested by the CBI, along with another company executive Manish Tuli, on bribery charges in August 2013. Deepak Mehrotra had resigned as the company CEO in October 2013 to join Pearson. Micromax smartphone business head Ajay Sharma had quit in January this year to join Obi Mobiles as its CEO.