Cheapest smartphone | Pixr8 News

The hype around India's cheapest smartphone Freedom 251 looking to near end. According to news update, Mohit Goel and Dharna Goel (Mohit's wife), the managing director of the Noida-based Ringing Bells which launched the Freedom 251 smartphone priced at Rs 250, resigned from their positions. According to sources, just 10 days back Ringing Bells closed its operations and a new company named MDM Electronics has been formed by the founders. The company's dealers too seem to have no clue about its plans. The much-hyped launch at an event in New Delhi, of smartphone indulge in controversies, with some people terming it a ponzy scheme. There were also several cheating cases filed against the company. The company's sector 62 office in Noida has been shut now. We were tried to calling Mohi...

Ringing Bells,the company that promised the world's cheapest smartphone for a price of just Rs.251 seems to run into troubles managing its expenses even before delivering its first handset! Despite the huge success and being received heavy booking in the month of February, the company has not been able to source phones at the promised sale price, thus being forced to sell them at a heavy loss of over Rs 900 per unit. This goes against the management's earlier stance of making a profit of Rs 31 per phone. Sources said Chadha -who was introduced as the president of the company - had a "massive showdown" with promoter Mohit Goel "over financial matters". "It is now Goel who now runs the company and Chadha does not play an active role," an official said. Chadha said he was never employed ...

Tag: Cheapest smartphone

Mohit Goel, Founder & MD of Freedom 251 Smartphone Quits

Freedom-251, A Very Costly Affair For The Company!