An emergency conference call was held by the cofounder of Micromax Informatics, Rahul Sharma, with his private equity investors in the year 2014. Micromax, the largest Indian mobile handset company, had increased revenue from $54M to $1B over the last six years. But the company compete with the challenge to keep up their employees and executives with this rapid pace. As this expedite brought the company near to a calamity by some of their missteps in 2010.
Ultimately, investors gave the proposal to the cofounder of the company, to appoint the CEO outside the company executives, Deepak Mehrotra and some experienced professionals were hired by Sharma and other cofounders after the convincing proposal. Following this hiring, number of conflicts raised between professionals and founders while working alongside which also caused the overlaps and ultimately the head of the smartphone division and Mehrotra resigned.
To find an alternative Sharma assesses his all available choices such as, is there any center ground to work in the business for both parties including the professionals and founders? Or would the founder need to rethink their inclusion in the organization they formed?
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