Micromax a New entrant in the mobile handset space, is ramping up its operations in the indian market by investing over Rs.125 crore over a period of one year. It has plans to launch an IPO next year to fund its expansion plans, its COO Rahul Sharma said. The company is also close to tie-up with a Bollywood actor for endorsement. Micromax ventured in the mobile handset space 8 months back and has about 12 models available in the market.
10.5 lakh (Delhi)
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