We would like to thank him for his contribution and wish him good luck," said Mircomax in a statement.

It said that the business is as usual in the company."The co-founders and senior leadership are very well entrenched into the operations and the business is as usual," the statement added.Micromax was founded in 2000 by Rahul Sharma, Sumeet Arora, Vikas Jain and Rajesh Agarwal.