Here’s another twist to what was once claimed to be the ‘biggest smartphone innovation’ of the year 2016 — Freedom 251. Mohit Goel, the managing director of the Noida-based Ringing Bells, which launched the Freedom 251 smartphone priced at Rs 250, has quit. His wife Dharna Goel, who was director of the company, too has resigned from her post.
The company’s sector 62 office in Noida has been shut for over two weeks now. TOI tried to reach Mohit Goel on phone, however, he did not respond to our requests for a telephonic conversation.
The company’s dealers too seem to have no clue about its plans. Noida-based dealer Prem Prakash, who has Freedom 251 dealership, said, “I have shut my shop as I didn’t know how to answer the people who gave us money.”
Another dealer in Ghaziabad Devdutta Malhotra said that Goel owes him Rs 16 lakh. The dealer added, “Initially he owed me Rs 25 lakh of which he returned some part claimimg that he would pay the remaining amount in sometime. However, now we hear that the company has been dissolved and a new company named MDM has been formed by the founders of the Ringing Bells.”
Ever since its much-hyped launch at an event in New Delhi, the Freedom 251’s maker Ringing Bells has been mired in controversies, with some people terming it a ponzy scheme. There were also several cheatimg cases filed against the company.
Owners of the company were recently summoned by a Delhi court for a cheque bounce case filed by Aryan Infratech Pvt Ltd, a private firm. Ringing Bells had issued a cheque worth Rs 2 crore which bounced due to ‘insufficient funds’.
More recently, there were reports that Mohit Goel has started a venture called MDM Electronics. The venture MDM Electronics was reportedly incorporated on December 7 with a share capital of Rs 25 lakh and paid up capital of Rs 20 lakh. It added that the company was looking to enter the same business as the previous company – selling smartphones, TVs etc. The company has its registered office at C-2, third floor, Kailash Colony, New Delhi.
The company, however, slammed the reports claiming that it is “very much in the market and is operating as earlier”. In an official statement it said that it is making all efforts to deliver Freedom 251 handsets and has so far delivered around 70,000 units in states like West Bengal, Haryana, Himachal, Bihar, Uttarakhand, New Delhi, Punjab, J&K, Maharashtra, Madhya Pradesh, Jharkhand, Rajasthan and Uttar Pradesh.
“We are still getting lot of interest in our product as we have proved that it is possible to arm each and everyone with the reality of digital world. Our target is the low income people,” the statement added.
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