Private equity investors have quit Micromax as the company witnessed over 93% decline in valuation from ₹21,000 crore in 2015 to ₹1,357 crore. According to RoC filings, TA Associates and Sandstone Investment have sold their stakes, close to 6.9%, for ₹93.65 crore to promoters. In 2014-15, Micromax posted revenue of ₹11,041 crore, which declined to ₹4,345 crore in 2017-18.