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2 clusters · 5 sources · 4 days · First seen · Last updated

Lava International leadership transition

Overview

Noida-based smartphone manufacturer Lava is undergoing a significant leadership transition. Managing Director Sunil Raina, who led the company for 16 years, has announced his decision to step down. He is expected to remain with the company to provide transition support until December 31, 2026.

In addition to Raina, Chief Financial Officer Rajesh Sethi is also departing the company and is currently serving his notice period. These changes follow the recent exit of Chief Manufacturing Officer Sanjeev Agarwal.

The leadership shifts occur as Lava attempts to capitalize on the entry-level smartphone market, specifically targeting the sub-Rs 20,000 category. Reports indicate the company may seek to reinstate co-founder Hari Om Rai as Managing Director and is reportedly looking for fresh capital to support a business revival.

Entities

Sunil Raina · Rajesh Sethi · Hari Om Rai · Micron Technology · Lava International Limited

Timeline

  1. [BUSINESS] 3 sources
    Lava International Managing Director Sunil Raina to step down

    Sunil Raina, Managing Director of Lava International Limited, will step down after 16 years, staying on to support the company's transition until late 2026.

  2. [BUSINESS] 2 sources
    Lava executives Sunil Raina and Rajesh Sethi to depart

    Indian smartphone maker Lava faces a leadership shakeup as MD Sunil Raina and CFO Rajesh Sethi resign amid efforts to expand in the budget handset market.

Sources

fonearena.com · indiantelevision.com · itvoice.in · mobilityindia.com · timesnownews.com