Manu Jain

Device maker accused of violating Foreign Exchange Management Act

The move follows recent transition of Manu Kumar Jain to a global role as Group Vice President responsible for international strategy including international marketing and PR

Infosys' revenue grew 22.7 per cent to Rs 32,276 crore in the quarter from Rs 26,311 crore in the year-ago period

In an interview with Business Standard's Surajeet Das Gupta, Xiaomi India head Manu Kumar Jain tells about the challenges the company faced in India and how it dealt with the supply chain constraints

Will India's real GDP growth be mellower than projected? What's Manu Kr Jain's game plan for Xiaomi's growth? Will sell-off in mid, small-caps bottom out soon? What is sin tax? All answers here

Xiaomi which become India's second largest smartphone manufacturer largely focusing only on the online market, is now looking to push into the offline space. The move will be led by opening brand-owned Mi Home stores says Manu Jain, Managing Director at Xiaomi India and will help the company reach its goal of $2 billion in revenues in 2017.Edited Excerpts of an interviewWhat is the sort of investment Xiaomi has chalked out for setting up brand-owned stores in India?From an investment point of view we're making pretty significant investments, but more important than that is experience and profitability. Like all other businesses, we would want Mi Home standalone to be profitable. Unlike many technology startups which raise money and incur losses and fund their losses with the VC money or PE money, we are operationally profitable. We would want Mi Homes to also be profitable.Have you set any targets of how soon a store will become profitable?There is no particular figure of how many ...