Earlier today (3rd June 2022), Xiaomi has announced that it has made various organization changes in India. The company has shuffled its top management, ahead of its plans for a new growth phase in the region.

The Chinese tech giant has announced that Alvin Tse is now the brand’s new General Managed, replacing Manu Kumar Jain who was the previous managing director in India. On the other hand, Manu has been the global Vice President of Xiaomi and is also heading the International Marketing and PR since last year. Notably, the new announcement has also confirmed that POCO India’s Anuj Sharma will be joining Xiaomi as the Chief Marketing Officer (CMO).

Interestingly, Alvin Tse was previously the company’s Global founding team member and even the former General Manager of Xiaomi Indonesia. Tse has also helped the brand expand successfully in the global market as well, working in four of the largest smartphone and internet markets in the world. Now, he is joining the Indian leadership team to support the brand’s plans for the next phase of growth.

Interestingly, the news also arrives as Xiaomi is facing scrutiny in India by the local government. The company’s former MD, Manu Kumar Kain, was recently accused for committing tax fraud, meanwhile, the government had also seized the company’s assets that were worth 5,550 crores INR (roughly 708 million US Dollars). Although, these were released later on.

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There are indications that Xiaomi India is being investigated by the country’s financial crimes agency on suspicion of foreign exchange (FX) infractions. In furtherance of the ongoing investigation, the former head of Xiaomi India, Manu Kumar Jain was allegedly summoned by the financial watchdog.

The investigations relate to whether Xiaomi’s business practices in India conformed with Indian FX regulations. The probe reportedly began in February and Jain is expected to help in the investigation by the Enforcement Directorate. It is unclear whether Jain, who is reportedly in India, came specifically in response to the summons. Manu Kumar Jain is currently a global vice president of Xiaomi with his office domiciled in Dubai.

Sources that are privy to the investigation say the financial crimes watchdog is scrutinizing transactions and the existing business structure between the parent company, Xiaomi in India, and contract manufacturers. It has already collected details from Xiaomi India.

Xiaomi says it is fully compliant with the extant laws governing its business in India. It says it is cooperating with authorities on the investigation. Last December, the offices of Xiaomi were raided on allegations of income tax evasion. The Enforcement Directorate has not put out any official statement relating to the investigation.

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(via)

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