Ringing Bells, the makers of Freedom 251 smartphone, has turned down reports that the company has shut down. It also rejected speculation that it has shifted its operations to a new company called MDM Electronics. The company claims that it is very well in the market and is operating as earlier. Also, it said MDM is a separate entity with its own objective. Also Read - World's cheapest smartphone 'Freedom 251' maker Mohit Goel arrested by Delhi policeAlso Read - Ringing Bells Freedom 251 headlines again, MD claims can still deliver phones by early 2018
The company also provided information on the status of Freedom 251 smartphone. “Delivery of Freedom 251 will be made by retailers who will get the products in turn from the distributors and they in turn from the company as is the standard practice in trade. In addition, as has been underpinned and re-clarified on several occasions, the sales are only on cash on delivery basis. The company is making efforts to deliver more Freedom 251 in recent months, Ringing Bells said in a detailed statement. DON T MISS: Ringing Bells Freedom 251: Hands-on with the world s cheapest smartphone Also Read - Two arrested for cheating Ringing Bell of Rs 3 crore
Ringing Bells further said that the company has so far delivered around 70,000 units. It claims to have delivered the units in various 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 who fancy the chances to own a smartphone. We wish to fulfill their dreams soon, a company spokesperson said.
Earlier today, a report claimed that Ringing Bells has quietly shut down, and opened a new one with the name of MDM Electronics Private Limited. MDM s board of directors of the new company include Mohit Goel, who is also MD of Ringing Bells, and Shashank Goel and Ashok Chaddha, both associated with Ringing Bells as well. The report further said that the company MDM Electronics Pvt Ltd was set up on December 7 along with its registered office in New Delhi.
Ringing Bells had created a worldwide buzz by announcing a smartphone that costs just Rs 251. After a lot of hype and buzz, the company found itself surrounded itself in several controversies ranging from allegations of being a ponzy scheme to multiple delays in meeting the deadline. Currently, the company has been summoned by a Delhi court in a Rs 2 crore cheque bounce case. The company has been accused of issuing a cheque in favor of AIPL, the complainant, towards discharge of their liability. But the cheque bounced due to insufficient funds. READ: Where has Freedom 251 , world s cheapest smartphone, disappeared?