Micromax CEO of Informatics Limited Vineet Taneja resigned

On 1st March 2016 Vineet Taneja resigned as the Chief Executive Officer (CEO) of Micromax Informatics Ltd. 
•    Taneja’s departure was the second high-profile exit from the company with a span of one year.
•    Earlier, in October 2015, Bharti Airtel CEO Sanjay Kapoor resigned as the chairman of the company.
•    Taneja joined Micromax from Samsung Electronics’ Indian business arm in 2014. 
•    His appointment came in the backdrop of company’s plans to expand its operations abroad.
•    At present it is India’s second-largest phone manufacturer and the 10th largest mobile phone player in the world.
•    The Gurgaon-based company is the first to introduce many features in mobile handsets in India.
•    The features include the 30-day battery backup, Dual SIM Dual Standby phones, QWERTY keypads, universal remote control mobile phones and first quad-core budget smart phone.This is a major setback for the company specially when it has planned to launch itself in genera other than mobiles.