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Ringing Bells, the most controversial company of the year is in the news again. This time around, the company is not promising to launch any smartphone with dirt cheap price tag, but the company itself had been shutdown for good.
Reportedly, the founders of the company had shutdown Ringing Bells and established a new company called MDM Electronics Private Limited. As reported by TeleAnalysis, the new board of directors include Mohit Goel, the previous MD of Ringing Bells along with Shashank Goel and Ashok Chadha both of whom were associated with Ringing Bells.
According to the report, MDM Electronics was set up earlier this month, December 7 to be precise and is headquartered in New Delhi. The objective of the company still remains to be seen, though. Akin to the Ringing Bells, the company may sell electronic products like smartphones and TVs or it may do something else.
As far as Ringing Bells is concerned, the company’s website is currently inactive with its CEO, Dharma Goal and a bunch of other directors have resigned from the board.
To recall, the Noida-based company earlier promised to ship the Freedom 251 smartphone at just Rs. 251 by June leading to a huge controversy. But clearly, those were just words.