Manu Kumar Jain, who was the face of Xiaomi in India and played colourful places in the company for nearly a decade, has quit the Chinese establishment indicating that he’d be joining a new assistant after taking ‘some time- off ’. Opening on his exit, a Xiaomi India prophet said, “In a short span of 7 times at Xiaomi India, Manu Kumar Jain played part in the company’s success leading it to be India’s most loved and trusted brand. We’d like to thank him for his precious donation to the business, and the smartphone assistance in India and wish him success in his unborn trials and hobbies”. Jain was one of the foremost hires at Xiaomi India and helped gauge the company from an obscure Chinese smartphone manufacturer to one of the biggest players in the country. Prior to working at Xiaomi India, Jain also founded venture business Jabong, which was latterly acquired by Flipkart in 2016.
Jain was one of the foremost hires at Xiaomi India and helped gauge the company from an obscure Chinese smartphone manufacturer to one of the biggest players in the country. Still, over the last one time, since Jain had stepped down from India operations, the company has seen colourful others stepping down from the leadership positions. For case, Raghu Reddy, Chief Business Officer, abnegated in December, followed by Sumit Sonal, General Manager of Marketing, before this month. In May last time, Sunil Baby, Director of offline deals also had abnegated to join Unacademy. Over the last one time, Jain has been interrogated several times by the Enforcement Directorate( ED) against Xiaomi’s alleged violation of the foreign exchange rules.
The ED had initiated disquisition in connection with the illegal remittances made by the company February last time. According to the agency, Xiaomi India had remitted foreign currency to three foreign- grounded realities which include one Xiaomi group reality in the guise of kingliness.