(Please see the top 10 list below)

The Indian mobile handset market revenues declined 5
percent in FY 2011-12.

The revenues dropped to Rs 31,215 crore from Rs 33,031
crore a year back

The drop in sales is due to de-growth in the feature
phones sales and lower average selling values (ASVs).

Barring Karbonn and Lava, none of the Indian handset players could face intense competition. Their main stay – feature phones – saw negative growth while the entry level smartphones of various companies saw marginal rise.           
                   

Nokia remained the No.1 player in the handset business in FY 2011-12 with revenue of Rs 11,925 crore, despite 8 percent drop over Rs 12,929 crore revenues posted in FY11. The Finnish company lost market share in smartphones and multi-media segment to Samsung, HTC and Apple, among others.

Nokia that caters to all mobile segments saw its absence in the Android ecosystem dent its performance. Nokia however, made a head way in the dual SIM phones category but lost out in the smartphone market. Nokia ended FY12, with a market share of 38.2 percent

Samsung grew its revenues 38 percent to Rs 7,891 crore with a share of 25.3 percent.