Here’s how Realme’s Madhav Sheth built a true Xiaomi challenger: Report

New Delhi: Technology start-ups in the US have a favourite place to start the innings: garages. In India, garages are a luxury as they come with expensive bungalows so a tiny meeting room with a couple of chairs is considered a godsend among the fraternity.

This is exactly what Madhav Sheth — a distributor for Samsung mobile phones in the past , and now the CEO of Realme that is billed as the fastest growing tech-lifestyle brand in India – was given in May 2018 to create some ripples in an already crowded market.

Here is the report card for Realme’s first financial year: Revenue hit Rs 15,000 crore and smartphone shipments reached over 2.5 crore units in 2019 (year-on-year growth of a whopping 500 per cent from 2018).