Sanjay Kapoor steps down as Chairman of Micromax

• Sanjay Kapoor is stepping down as chairman of Micromax after joining the country’s No. 2 handset maker.
• Kapoor, a former Bharti Airtel chief executive for India and South Asia and also a director at PVR and Bennett Coleman & Company Ltd, which publishes ET.
• At the time Kapoor joined, Micromax also hired Samsung India mobile head Vineet Taneja and another Bharti Airtel veteran Badal Bagri to power growth and build a bigger brand before an initial public offering (IPO).
• Samsung is the leader in the tally with 23 per cent, followed by Micromax (17 per cent), Intex (11 per cent), Lava (7 per cent) and Lenovo (6 per cent).
• Co-founder of Micromax Informatics Ltd – Rahul Sharma .
• Founder of Samsung – Lee Byung-chul