Noida Uttar Pradesh -based company Ringing Bells on 18th February 2016. opened bookings for the phone for Rs 251 and said the delivery of all handsets will be completed by June 30.
But hours later, the firm stopped taking orders after its servers crashed owing to a huge rush to book the device online on www.freedom251.com.
The 3G handset, Freedom 251, features a 4-inch display, Qualcomm 1.3-GHz quad-core processor and 1 GB RAM, according to details shared by the company.
According to many telecom experts , The minimum cost of such smart phones can’t be below Rs 2700.
Dubbed by many as the world’s cheapest phone – a ‘ponzi bogus company scam’.
“This is a huge scam. That is why I went through all the papers of the company. The government has informed the Uttar Pradesh government to check the bonafide of the promoter. This is a ponzi bogus company scam,” Somaiya told ANI.
The Member of parliament said he has approached the telecom ministry, telecom regulator, consumer ministry, market regulator Sebi, corporate ministry, finance ministry and Reserve Bank of India to check various concerns he has over the company offering mobile phone for Rs 251. ( Credit : Hindustan times)
I personally checked details of website , company and promoters. Here is my analysis
1.Website : freedom251.com is new website registered on 10th February 2016 . It seems Rs99 .com domain . with no private registry . If you are going to launch such big venture you must register your domain for atleast 5 years. The company website (ringing bell) was created in the month of august 2015.
You are going to sell World’s sensational cheapest smart phone and you can’t spend good money on website?
Freedom251.com is loosly based on CodeIgniter is a powerful PHP framework with a very small footprint. with AWS server.
So website seems suspicious . Domain is registered for only 01 year.
Website is not very informative. They are charging Rs 251+ 40 ( SHIPPING CHARGES) . They claim they are getting 6 lakh hits per minute.
Their website was crashed in first hours. But company claims to received 30,000 booking.
Now about company :
Ringing bells private limited is the owner company of freedom251.com . Company is hardly 6 month old. Formed with capital of 10 million rupees .
Company has 3 directors . All are relatives . Mohit kumar Goel is CEO of the company. His linkedIn profile looks suspicious. He worked in Shaw for 9 years. He is MBA from Amity University Noida. He has 0 connection on LinkedIn.
Conclusion: Please don’t buy it. Wait for good time. Govt is working on verification of the company. I think company will give smartphones for Rs 251 to first few hundred customers and then they will charge around 3000-3500 for this handset.
But this is my opinion. Wait and watch .