Its latest offering, which runs on both Windows 8 and Android 4.2.2 JellyBean, was unveiled at the International Consumer Electronics Show 2014 in Las Vegas.
"The Laptab will be priced under $500 for the Indian market and we expect to sell about 100,000 units in the domestic market in the first half of 2014," Micromax Co-founder Rahul Sharma told PTI.
Users need to reboot the device to switch from Windows to Android and vice versa, he added.
On technical specifications of of the tablet, Micromax Chief Marketing Officer Shubhodip Pal said it is powered by 1.46GHz Intel Celeron processor and has a 10.1-inch IPS display.
Laptab comes with 2GB RAM, 7400 mAh battery, 2-megapixel front camera with light sensor and wireless keyboard. With storage of 32GB expandable up to 64GB and supports Bluetooth v4.0 and Wi-Fi, he added.
"As Micromax looks to expand footprints across global markets, we would continue to fulfill our promise of democratising technology for people around the world by making it more affordable and accessible," Sharma said.
Micromax would be unveiling more products across international markets in next six months, he added.
According to analysts, the Laptab's specifications are not its highpoint, but the dual operating systems is.
However, Micromax is not the only company to launch a dual-OS tablet at CES 2014.
Computer components maker Asus unveiled its Transformer Book Duet TD300, which also runs on Windows 8 and Android 4.1 Jelly Bean operating system.
The 13.3-inch tablet from the Asus stable sports a quad-core Intel i7 processor, 4GB RAM and 128GB of internal storage.Besides, the detachable keyboard dock has a 1 terabyte of internal storage and various ports, including HDMI, LAN, one USB 3.0, and two USB 2.0.