Manu Jain announced his decision to leave smartphone maker Xiaomi after nine years of services.
The global smartphone share of Xiaomi fell to 12.7 percent in 2022 as compared with 14 percent in 2021, according to IDC.
Xiaomi shipped 153 million smartphones in 2022 as against 191 million in 2021. Xiaomi faced significant erosion in market share as compared with smartphone market leaders Samsung and Apple.
“I joined the Xiaomi Group in 2014 to start its India journey. The first few years were full of ups and downs. We started as a one-person startup, working from a small office,” Manu Jain said in a tweet.
Xiaomi India said Manu Jain played an instrumental role in the company’s success leading it to be India’s most loved and trusted brand.
Manu Jain said Xiaomi became the No 1 smartphone brand in India within three years of his joining.
Manu Jain subsequently joined the Xiaomi international team. In June 2022, he was transitioned to the global role as Group Vice President.
“After nine years, I am moving on from the Xiaomi Group. I feel confident that now is the right time, as we have strong leadership teams across the world,” Manu Jain said.
Xiaomi held the top spot in India’s smartphone market in 2022. The year was a tough year for Xiaomi as it faced legal complications, component shortages, and intense competition, according to Counterpoint Research.
Canalys’ worldwide Smartphone Analysis service indicates that Xiaomi shipped 9.2 million smartphones in India grabbing 21 percent share in Q3 2022.
