Freedom 251: Ringing Bells' managing director Mohit Goel has quit the company, says report

Mohit Goel, the managing director of Ringing Bells, the company that offered to sell a smartphone in India for just Rs 251 has quit the company. His wife, Dharna Goel, a director in the company, has also quit. The company’s owners have apparently shut shop and have are heading another company called MDM Electronics. The Times of India (TOI) reports that the Ringing Bells offices have been closed for over two weeks now. Speaking to dealers, TOI also discovered that a number of them are still owed lakhs of rupees and that there has been no word from Ringing Bells’ owners regarding the same. Ringing Bells stirred India into a frenzy when it announced that it would sell a 4-inch smartphone for just Rs 251. However, there were problems from the very beginning, starting with the fact that the company could never satisfactorily explain how it would deliver on that promise. The company has since taken customers on a roller-coaster ride of sorts, claiming that phones will be sold on a lottery system and that it has already delivered 70,000 smartphones . In the middle of all this, the company even attempted to launch a range of budget televisions.