Archive · 26 Jun 2025
From Micromax to Millions: Rahul Sharma's Business Comeback Story
Rahul Sharma started a phone company called Micromax that was really popular in India for a while, even beating Samsung.
However, cheaper phones from China made it struggle.
He turned down a lot of money from Alibaba and then changed his business.
Now, he has a new company called BPL that makes electronics for other brands, which makes a lot of money.
He's married to actress Asin, and they live a fancy life.
Even though he lost in the phone market, he built a new successful business.
Rahul Sharma co-founded Micromax, which once led the Indian smartphone market but faced challenges from Chinese brands.
Sharma rejected a Rs 6,700 crore funding offer from Alibaba in 2014.
Micromax's infrastructure was repurposed into Bhagwati Products Ltd (BPL), a manufacturing business.
BPL currently has a turnover of Rs 6,200 crore, producing consumer electronics for other brands.
Sharma is married to actress Asin Thottumkal; they have a daughter.
- Who
- Rahul Sharma, co-founder of Micromax and founder of Revolt Intellicorp and BPL, and his wife, actress Asin Thottumkal.
- What
- Rahul Sharma's journey from co-founding Micromax to rebuilding a manufacturing business and his personal life.
- When
- Sharma co-founded Micromax in 2000; the company's peak was between 2010 and 2015; he launched Revolt Intellicorp in 2017.
- Where
- Delhi, India.
- Why
- Sharma adapted his business strategy due to competition from Chinese smartphone brands and is now rebuilding the tech core by manufacturing electronics.
Business Challenges
Business Success
Market Competition
Business Challenges
Micromax faced challenges due to the rise of Chinese smartphone brands.
Business Success
Rahul Sharma overcame these challenges by pivoting the business towards manufacturing and electronics.
- Net Worth
- Rs 1,300 crore
- Micromax Peak Turnover
- Rs 12,000–15,000 crore
- Current Manufacturing Turnover
- Rs 6,200 crore
- Rejected Alibaba Funding (2014)
- Rs 6,700 crore
- Number of Factories
- 5
- Married to
- Asin (2016)
- Daughter
- Arin Rayn, born in 2017