It was back on March 23, when the news broke about Realme’s Madhav Sheth resigning from the position of India’s head. The news about Sheth’s resignation spread like wildfire across the internet causing speculations about what caused this sudden change. Madhav is known as the face of the Realme brand this development came as a shocker for many Realme purists. However, the fire was quickly put out when it was revealed that Realme had actually elevated its India head to a global strategy role.
Madhav Sheth takes on a global role
Sheth, who served as Realme India CEO for five years, took to Twitter last week and announced the next big move in his career. Madhav tweeted, “Exciting news! I’m thrilled to announce that I’ve accepted a new role as VP for Business and Corporate Strategy (Global). Excited to take this opportunity and contribute to the company’s success.”
It was also rumoured that the Chinese smartphone manufacturer is looking to bring in a top Chinese executive to look over the India business of the company. However, no official confirmation has been made about it.
For the unversed, Madhav Sheth is a graduate of Harvard Business School. He was the sales director at OPPO before joining Realme. Under Sheth’s leadership, Realme was able to penetrate the Indian market with a diversified product portfolio of smart wearables, Smart TVs, and more all while also increasing the brand’s offline presence in India. Realme is among the top five smartphone brands in the country having a market share of 14.5% as of 2022.
On the other hand, Realme has now launched its latest budget offering in India named Realme C55. The device sold like hotcakes when it launched on March 28, clocking in 100,000 units sold in under a couple of hours.