- Madhav Sheth played a critical role in establishing Realme in India and globally and building it from the ground up.
- Madhav has confirmed that Ski Li will lead the Realme India business going forward.
- Media reports claim that Madhav Sheth will join the Honor India division.
After five years of building and making the brand Realme, Madhav Sheth has announced that he quit his position at Realme. This comes shortly after Madhav was internally transferred from his position of Realme India CEO to a new global role as Vice President for Business and Corporate Strategy (Global) in March this year.
The now-ex Realme India head announced his decision to resign and move forward in his career on Twitter. Madhav played a critical role in establishing the brand Realme and building it from the ground up. In his post, Madhav confirmed that Realme founder Ski Li will lead the Realme India business going forward.
Goodbye can be disheartening, but world is too small until we meet again.
— Madhav Sheth (@MadhavSheth1) June 14, 2023
Farewell for now, but our paths may cross again soon, and that’s something to look forward to building a better and bigger me. #Goodbye #UntilWeMeetAgain pic.twitter.com/sXSG06DFIR
Is Sheth joining Honor?
While Madhav hasn’t mentioned anything about where he will be going next, reports suggest that he will join Honor (once a sub-brand of Huawei) India division to bring back the brand to the limelight in India, where it’s currently not operating. In his announcement, Madhav has said he’d like to contribute to India’s export business, without giving any details whatsoever.
Realme started its journey with the Realme 1 budget phone, which remained a top seller back then and in no time, Madhav put Realme in the top-five smartphone brands list. Talking about Realme’s achievements during his time, Madhav stated:
- The company became the fastest-growing smartphone brand in the country with over 50 million sales.
- The brand established exclusive and flagship stores, thereby expanding its offline presence, and was committed to the ‘Make in India’ initiative.
- Launched a phone in a university alongside the youth.
- Popularised 5G-enabled phones and paved the way for a future-ready India.
“I am grateful to our fans, teams, partners, and each one of you who loved, supported, helped, and believed in me during these past five years. None of this would’ve been possible without you. After a fantastic journey, I am stepping down from my role at realme and I am ready to embark on new adventures,” said Madhav in his statement.
As he bids farewell to Realme, Madhav says that he is still a strong supporter of the brand and will continue to cheer and also help out as a strategic advisor to Realme for its development strategy, global product observations, market insights, and operating suggestions, in his own words.
Realme has issued a statement about Madhav’s exit
Realme India has issued a statement about Madhav’s exit and positively acknowledged his vision and work for the brand’s growth over the years.
“We would like to express our heartfelt gratitude to Madhav Sheth for his valuable contributions, passion, and dedication during his tenure at realme. Under his leadership, realme has achieved remarkable milestones, solidifying its position as one of the fastest-growing smartphone brands worldwide. We extend our warmest wishes to Madhav for a successful future ahead.
While we bid farewell to Madhav, we want to assure our customers, partners, and stakeholders that realme’s operations will continue seamlessly. Our commitment to providing high-quality products, exceptional user experiences, and innovative technologies remains unwavering. We will continue to drive the brand forward, delivering outstanding products and services to our customers worldwide.”
