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Mohit Goel, Founder & MD of Freedom 251 Smartphone Quits

29Dec By PriyankaNo Comments

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Mohit Goel, Founder & MD of Freedom 251 Smartphone Quits

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...

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

2Jul By RishabhNo Comments

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

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 ...

Two lakh ‘Freedom 251’ handsets are ready, says Ringing Bells

24Jun By NitishNo Comments

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Two lakh ‘Freedom 251’ handsets are ready, says Ringing Bells

IANS: The world's cheapest smartphone at Rs 251 (less than $4) is here, finally. Its makers, the Noida-based startup Ringing Bells Pvt Ltd, say they have made it possible despite allegations from various quarters that such a phone would not see the light of the day. Even an FIR was lodged against the company. According to Ringing Bells' Founder and CEO Mohit Goel -- sitting comfortably in his Sector 62 office here, the company has been able to keep its promise to consumers. "We are ready with nearly two lakh 'Freedom 251' handsets. We will start delivery from June 30," Goel told, adding that once he is done with this first phase of delivery (of two lakh phones), he will open registration again for those who wish to buy the handset. The company had in mid-February this year planned to ...

5Mar By AdityaNo Comments

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Adcom To Sue Ringing Bells

Domestic feature phone brand Advantage Computers' (Adcom) has said it may consider a legal action against Ringing Bells, the Noida-based start-up, which claimed to manufacture the world's cheapest smartphone. Adcom founder and chairman Sanjeev Bhatia said the manufacturer of Rs. 251 (less than USD 4) smartphone, distributed the Adcom handsets to the media during the launch last month. "We are deeply grieved by this incident where our mobile phone has been presented to masses for Rs.251, and therefore, would not hesitate from taking any legal actions against the company, in case the entire fiasco impacts Adcom's brand name or subsequently we face any other kind of losses," Bhatia said in a statement. "Yes, it is true that although we sold the handsets to Ringing Bells earlier, like we ...