What happened to Xiaomi India’s Manu Jain?
The Chinese smartphone maker’s top executive in its second-largest market quietly left last year ahead of a government crackdown.
Why read this story?
Editor's note: Last week, a news report by Reuters took many in India by surprise. Xiaomi global vice president Manu Jain, the news agency reported, had been summoned by the Enforcement Directorate in an investigation into foreign exchange compliances. “The Enforcement Directorate has been probing the company since at least February, and in recent weeks asked Manu Kumar Jain, Xiaomi's former India managing director, to appear before its officers, the sources said,” the report added. While the summons itself is surprising, what stood out for most in the industry was that Jain is now the former managing director of Xiaomi India. At some point late last year, he stopped running the India office. And quietly moved out of the country, relocating to Dubai. For years now, Xiaomi in India has meant Manu Jain. He started as the head of operations for India, setting up a six-seater office in Bengaluru in 2014. His rise as he took the company on to become India’s largest smartphone maker has been fairly well documented While Jain had been promoted to global vice president in 2017, he …
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