Micromax and Karbonn had never had it so good. Built on Android platforms and using China as a manufacturing base, both these companies have grown exponentially in the last few years.
Micromax today is the second player in the smart phones market with almost 22 % market share. They have recently shipped 2 million phones and plan to ship out 2.5 million by the end of the year.
Karbonn also have grown almost 75 % this year to capture 7 % of the phone market.