Mehul Telecom, a multi-brand mobile retail chain based, has opened 3 franchise stores in Gujarat, stregthening the retail footprint in region. The three stores are located at in Gariadhar (Bhavnagar), Rajula (Amreli), and Narol (Ahmedabad).
The mobile retail chain started its journey with a single mall store in Rajkot, Gujarat, specializing in the trading and retail distribution of smartphones, lifestyle gadgets,and mobile peripherals. Today, the company manages 80 operational stores in India via FOCO (franchise-owned company operated) ad COCO (company-owned, company operated) model. The company's goal is to provide the latest smartphones, accessories, and gadgets affordable to our customers.
Recently in April 2026, Mehul Telecom entered public listing in April 2026 via an IPO of INR 27.73 crore.
India’s smartphone market has witnessed strong growth, driven by the increasing digital landscape, higher penetration of the internet, and the increasingly technology-savvy citizens, which demands the best features offered by these smart devices. The India smartphone market size reached 163.72 Million Units in 2025 and is projected to reach 295.92 Million Units by 2034, growing at a compound annual growth rate of 6.53% from 2026-2034.
The rapid development of fifth-generation technology infrastructure, the increasing availability of affordable smart devices, and the support of the government have all contributed to the growth of the India smartphone market. The increasing features of these smart devices, coupled with the development of the digital landscape, have boosted the growth of the India smartphone market.
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Meta has announced a major leadership change at WhatsApp, appointing CRED founder Kunal Shah as the new head of the messaging platform. Shah will succeed Will Cathcart, who is stepping down after leading WhatsApp for nearly seven years and helping scale the platform into one of the world's largest communication services.
The transition marks a significant moment for both Meta and India's technology ecosystem, with Shah becoming one of the few Indian startup founders to take charge of a global consumer technology platform of WhatsApp's scale. The leadership change comes as Meta continues to expand its focus on messaging, commerce, payments and artificial intelligence across its platforms.
Announcing the move, Meta CEO Mark Zuckerberg said Cathcart would remain with the company in a new capacity focused on building products from the ground up. Cathcart has played a key role in WhatsApp's growth since taking charge, overseeing the platform's expansion to more than three billion monthly active users worldwide while championing privacy-focused communication.
In a social media post, Cathcart said WhatsApp "is in the strongest position it's ever been and that felt like the right moment to step back." The executive will continue working within Meta as the company develops new products and services.
Explaining the appointment, Zuckerberg highlighted Shah's entrepreneurial background and experience building one of India's leading fintech companies. He said Shah's "builder mentality and global perspective" make him well suited to lead the world's largest messaging platform into its next phase of growth.
Shah founded CRED in 2018 as a rewards-based credit card payments platform and has since grown it into one of India's most prominent fintech businesses. The company currently serves millions of users and has expanded beyond payments into lending, insurance and wealth management services.
The leadership announcement coincides with a significant strategic investment by Meta in CRED. The social media giant is investing $900 million in the Bengaluru-based startup, valuing the company at approximately $4.5 billion post-money. Meta will hold a minority stake in the fintech company as part of the transaction.
Following Shah's transition to Meta, CRED's Head of Strategy and Finance, Miten Sampat, will serve as interim CEO while the company works on its longer-term leadership structure. The fresh capital is expected to support CRED's future growth initiatives and strengthen its position ahead of a potential public market debut.
The appointment comes at a time when WhatsApp is becoming increasingly important to Meta's long-term business strategy. The company has recently expanded monetization efforts through subscriptions, business messaging solutions and AI-powered services, while continuing to strengthen its position in key markets such as India, WhatsApp's largest user base globally.
With Shah taking the helm, Meta is signaling a stronger focus on innovation, digital commerce and business-led growth opportunities for WhatsApp. The move also underscores the growing influence of Indian entrepreneurs on the global technology stage as Meta looks to shape the next chapter of the messaging platform's evolution.
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