Rahul Sharma is the Chief Executive Officer (CEO) at Gurugram based mobile manufacturing company, Micromax Informatics. He co-founded the company along with Rohit Patel on 29 March 2000. He is widely known as a genius marketing architect. In the year 2014, Fortune magazine named Rahul among the 40 most influential people under the age of 40. He was named the Forbes Person of the Year (2010), and GQ Man of the Year (2013).
Rahul Sharma has a net worth of more than Rs.4070 crores as of 2021. Know Rahul Sharma's Biography, his educational background, how Rahul became the owner & CEO of Micromax, and more...
Rahul Sharma- Biography
|Born||14 September 1975|
|Birthplace||Mehrauli, Delhi, India|
|Education||Rashtrasant Tukadoji Maharaj Nagpur University; University of Saskatchewan, Canada|
|Position||CEO & Co-founder, Micromax|
|Net worth||~ Rs. 4070 crore|
|Marital Status||Married ( 19 January 2016)|
Here's the Amazing Biography of Rahul Sharma along with his Personal & Professional Life Story as a Micromax Owner and more.
Rahul Sharma - Personal Life
Rahul Sharma - Education
Rahul Sharma - Professional Life
How Rahul Sharma launched Micromax
Challenges faced by Rahul Sharma
Rahul Sharma as the CEO of Micromax
Rahul Sharma and YU Teleentures
Rahul Sharma - Honors & Awards
Rahul Sharma - FAQs
Rahul Sharma- Personal Life
Rahul was born in Delhi, India. He had a simple childhood, his father being a teacher and his mother, a homemaker.
He assiduously touched heights and started his professional career. Today, he is successful and has a luxurious house in the Mehrauli suburb and rides in a Rolls-Royce Ghost. He got married to a famous Bollywood celebrity, Asin Thottumkal on 19 January 2016, and the couple bears a daughter as well.
Rahul Sharma- Education
Rahul has two undergraduate degrees. He pursued Mechanical Engineering from Rashtrasant Tukadoji Maharaj Nagpur University.
He later did a Bachelors in Commerce from the University of Saskatchewan, Canada.
He also participated in the program for Owner\President Management (OPM) from the renowned Harvard Business School in Boston, Massachusetts.
Rahul Sharma- Professional Life
Rahul had a strong background in product goods and technology marketing. He holds extensive knowledge of building brands and launching new products. He eventually led a range of successful campaigns for global brands including, Microsoft Xbox, Procter & Gamble, Shaw Communication's television services, etc.
Moreover, he started working with Shaw Communications Inc as their Vice President for their On-Demand Television Services from February 2004. He led the Corporate Sales and Marketing, also examined the marketing and development of Shaw's On Demand products such as Pay Per View, Video On Demand, and Digital Pay Television.
Before joining Shaw, he worked on a range of Management-levels roles in Communications, Consumer Marketing, and Brand Management. He founded an Indian mobile manufacturing company, Micromax Informatics along with some of his friends in 2000. He worked in a manufacturing company for one and a half years before deciding to establish his own venture.
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Rahul Sharma- Startup
It all started when Rahul was gifted a computer by his father during the late 90s. He was highly impressed by the technology and finally decided to launch Micromax software with three of his friends.
Rahul along with one of his neighbors, Rajesh Aggarwal, and two of his friends, Vikas Jain and Sumeet Arora cordially founded Micromax Informatics in 2000. The company initially worked on low-end technology products. The venture was boosted when Nokia shook hands with the company and became its partner in 2001. Here are the Reasons Why Nokia failed After Enjoying Unrivaled dominance in the mobile segment for years!
Micromax eventually created a frequency-conversion tool for Bharti Airtel Limited, that allowed to set up a huge network of "payphones", a sector where BSNL and MTNL were enjoying a monopoly.
Micromax Informatics Company Details:
|Micromax Informatics Owners||Rahul Sharma, Rajesh Agarwal|
|Valuation||~ Rs 1,358 crore|
|Founded||March 29, 2000|
|Headquarters||Gurugram, Haryana, India|
|Revenue||INR 2,368.79 crores (2018–2019)|
|Subsidiaries||YU Televentures, Bhagwati Products Limited, Mobi Serve, YU Televentures Pvt. Ltd, Micromax Informatics FZE|
Rahul Sharma- Challenges
When Micromax started expanding its business, the company discovered a cellphone that would run for a whole month on just a single charge. Thereafter, the company was forced to come up with some other ideas, since no distributor was willing to buy the phones.
The company swayed its interest towards dual-sim phones. Consequently, Micromax became the first company to launch dual-sim phones with a "single baseband" in India. As of January 2014, Micromax sold around 2 million handsets and 80,000 tablets every month. Hugh Jackman is one of Rahul's favorite actors, was once the brand ambassador of Micromax.
Rahul Sharma- CEO of Micromax
Rahul is currently designated as the CEO of Micromax. Under his leadership, the company grew from $10,000 to $36 million. He examines the Product Strategy and serves as the Channel Sales Executive Director of Micromax as well.
Micromax revenue hit US$330 million in 2018-2019 and the company got Hugh Jackman as their brand ambassador. The company skyrocketed due to the exclusive sale of their exceptionally low-cost mobile handsets.
Eventually, the company has also started manufacturing electronic devices and appliances such as LED TVs and tablets at their factory in Rudrapur, Uttarakhand. While Akshay Kumar and Twinkle Khanna were among the first celebrities who endorsed Micromax phones.
Micromax's Valuation is around Rs 1,358 crore.
|Companies that invested in Micromax|
|Madison India Capital|
Rahul Sharma- YU Teleentures
The biggest gain that Rahul got from Micromax is YU Teleentures, which is a joint venture of Micromax Informatics and Cyanogen Inc. The OS was discontinued by the CyanogenMod developers as soon as YU officially took the Cyanogen Operating System in the country.
Rahul holds a 99% stake in the company, with the two co-founders of Micromax, Sumeet Arora, and Vikas Jain holding the remaining 1%. Mobile phones like YU Yureka and YU Yuphoria took over the market during their release since there was a rush to buy these mobile phones owing to their amazing features and low price.
Rahul Sharma- Honors & Awards
- He was bestowed with the IT Person of the Year in 2016 by DataQuest.
- He was named the Entrepreneur of the Year in 2016 at the Hello Hall of Fame program.
- He was conferred with the Hindustan Times Game Changer Award for excellence in his field and his contribution to society.
Rahul Sharma - FAQs
How much is Rahul Sharma Net worth?
Rahul Sharma has a net worth of more than Rs.4070 crores as of 2021.
Who is Rahul Sharma?
Rahul Sharma is the Chief Executive Officer (CEO) at Micromax Informatics. He co-founded Micromax along with Rohit Patel on 29 March 2000. He is widely known as a genius marketing architect.
What is Rahul Sharma's Education?
Rahul Sharma pursued Mechanical Engineering from Rashtrasant Tukadoji Maharaj Nagpur University and Bachelor's in Commerce from the University of Saskatchewan, Canada. He also participated in the program for Owner\President Management (OPM) from the renowned Harvard Business School in Boston, Massachusett.
Who is Micromax Owner?
Rahul Sharma is the Owner and CEO of Micromax.
What is Rahul Sharma's age?
Rahul Sharma was born on 14 September, 1975 in Delhi. He is 45 years old.