CEO of itel and Spice Devices quits despite growing smartphone market share

Sudhir Kumar, Chief Executive Officer of itel and Spice Devices, has quit, informed industry sources told IANS on 14 January. [caption id=“attachment_4267127” align=“alignleft” width=“380”] iTel A20[/caption] **itel Mobile** is one of the leading mobile phone brands in the country that launches budget smartphones with great features. Recently, the company launched its latest **4G smartphone itel A40** for Rs 3,099 in association with Bharti Airtel. Launched by its parent company Transsion Holdings, itel forayed into the Indian market in April 2016, and has 13 smartphones and 19 feature phones in its product portfolio. The company also has more than 900 service touch points. itel registered an increase in its overall market share from nine percent in the January-March quarter last year to 12.42 percent in second quarter. According to Cybermedia Research, it witnessed 293 percent growth in smartphone category and grew its feature phone market share to 19 percent.