Raghu Reddy resigns as Xiaomi India’s Chief Business Officer
By MYBRANDBOOK
Xiaomi India’s Chief Business Officer Raghu Reddy has resigned from the company “to pursue different growth opportunities externally”. He was elevated as Chief Business Officer for its India operations in early 2020.
Before this, he headed the Categories and Online Sales for Xiaomi India. Raghu Reddy played a key role in driving the company’s exponential sales growth. He has worked with Wipro Technologies as a software engineer, Ernst & Young as a senior consultant, followed by Snapdeal as a senior director.
The company’s spokesperson said, “He has played an influential and significant role in Xiaomi becoming the No 1 smartphone and Smart TV brand in India. As he moves on to pursue different growth opportunities externally, we wish him all the best for his journey.”
Raghu Reddy’s departure comes at a time when Xiaomi India’s business is growing steadily in the country. The company sold more than 11 million smartphones in the country during the Diwali festive sales. In the third quarter (Q3), Xiaomi led the India market with a 21 percent shipment share. In the sub-Rs 20,000 price band, Xiaomi was the top 5G smartphone brand in Q3 2022.
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