There were reports about the Ringing Bells company shutting down, that however turned out to be false. Ringing Bells spokesperson confirmed that the company is still operational and that the earlier reports were false, the companies official website ringingbells.co.in however is down.
Ringing Bells made headlines when they first announced the Rs. 251 smartphone called the Freedom 251. That eventually launched into a lot of controversies. As per the company they did deliver about 70K Freedom 251 handsets in many states across India.
Latest news is that Dharna Goel CEO of Ringing Bells has resigned and Anmol Goel is now looking after the company. They say they are still in business but their official website has been down for quite some time.