Samsung India country head for mobile phones and digital imaging, Vineet Taneja has stepped down, according to media reports.
There has been talk in the industry for a few months that Taneja would resign. Taneja, who had come from Bharti Airtel, was in charge of mobile phones division for more than a year now.
"There's huge pressure on Vineet to continue with 30-40% growth rate despite the market growth rate slowing down," said the trade partner. In 2013, Samsung India posted revenue of Rs 38,000 crore, up 40% over previous year, driven largely by its mobile phone business, Reports, Times of India.
The report said Taneja was also unhappy with the management changes which Samsung India brought about early this year, which made him report to SK Kim who was made the managing director (sales) of the company. Earlier, Taneja was reporting directly to BD Park. SK. Kim as the new managing director of the India business, with a mandate to grow sales of televisions, home appliances and mobile phones divisions.
As per market tracker CyberMedia Research, Samsung leads the Indian smartphone market with 38.9% volume market share in the January-March quarter, followed by Micromax at 19.1%, Karbonn at 6.9%, Lava at 6.1 per cent and Nokia at 5.3%.