Madhav Sheth, the head of Realme India, is reported to have resigned from his position as the company prepares to appoint a new leader. Michael Gut is expected to replace Sheth as the new Realme India head. In addition to his role as CEO of Realme India, Sheth is also currently the Vice-President of Realme and the President of the Realme International Business Group. It is not yet known if Sheth will step down from his other positions. Realme has not yet confirmed the reports of his resignation. It was reported earlier via IANS that the company plans to appoint a new business head from China for the India division as soon as Sheth’s resignation is confirmed. Sheth previously held multiple positions at Realme and has been the face of Realme India for years, leading the company’s overseas business operations and reporting directly to the Founder and CEO, Sky Li.
Realme has been successful in India, not just in terms of smartphone sales, but also in other electronic devices and home appliances. The company, along with other Chinese companies like TP-Link and Hikvision, dominated India’s surveillance camera market in 2022 with a 77% share. Realme was also among the top five companies in terms of smartphone shipments in India in the July-November 2022 quarter with a 14.2% share, according to IDC. Realme has already entered the 5G-enabled smartphone market in India with devices available across various price ranges.
It is unclear who will be appointed as the next business head for Realme India. Despite Sheth’s resignation not being officially announced, it remains to be seen who will lead the brand in India following his departure.