Antrix Corporation - Wikipedia Antrix Corporation This article needs to be updated. Please update this article to reflect recent events or newly available information. ( March 2017 ) Antrix Corporation Limited Type Public Sector Undertaking Industry Space Communications Founded 28 September 1992 ; 26 years ago ( 1992 - 09 - 28 ) Headquarters Antariksh Bhavan Campus, Near New BEL Road, Bangalore, Karnataka, India Key people Rakesh Sasibhushan ( CMD ) Services Transponder provisioning Satellite launch Remote sensing Spacecraft and Subsystems Mission Support Ground Infrastructure for Space based Needs Revenue ₹ 18.61 billion ( US $260 million ) ( 2014 -- 15 ) Operating income ₹ 3.25 billion ( US $45 million ) ( 2014 -- 15 ) Net income ₹ 2.05 billion ( US $29 million ) ( 2014 -- 15 ) Total assets ₹ 29.93 billion ( US $420 million ) ( 2014 -- 15 ) Total equity ₹ 29.93 billion ( US $420 million ) ( 2014 -- 15 ) Owner Government of India Parent Department of Space Website Official Website Facebook Twitter Antrix Corporation Limited is the commercial arm of the Indian Space Research Organisation ( ISRO ). Contents 1 History 2 Achievements 3 Business agreement 4 Satellite launches 5 Controversies 5.1 S - band spectrum scam 6 References 7 External links History Its objective is to promote the ISRO 's products, services and technologies. It was incorporated as a private limited company owned by the Indian government on 28 September 1992. The company is a Public Sector Undertaking ( PSU ), wholly owned by the Government of India. It is administered by the Department of Space ( DoS ). It had dealings with EADS Astrium, Intelsat, Avanti Group, WorldSpace, Inmarsat, and other space institutions in Europe, Middle East and South East Asia. It was awarded ' Miniratna ' status by the government in 2008 and achieved a turnover of Rs. 18 billion in 2014 -- 15. Achievements Successful launch of W2M satellite for Eutelsat. Successful supply of reliable satellite systems and sub-systems. Some of Antrix 's better known customers are Hughes, Matra Marconi, World Space etc. Successful Commercial Satellite Launches of SPOT 687 ( France ), Pathfinder & Dove ( U.S ), Tecsar ( Israel ) Kitsat ( Korea ), Tubsat ( DLR -- Germany ), BIRD ( DLR -- Germany ), PROBA ( Verhaert, Belgium ) aboard the ISRO 's Polar Satellite Launch Vehicle ( PSLV ). Execution of many IOT / TTC support services to International Space Agencies. Some of the customers using Antrix services are World Space PANAMSAT, GE Americom, AFRISTAT etc., LEOP support, IOT, TTC. Successful launch of TecSar ( Israel ). Two satellites ; one from France and another from Japan were launched in September 2012. Successful launch of five satellites, including French SPOT 7 satellite on 30 June 2014 UK based satellite launch UK - DMC 3 on 10 July 2015. Business agreement On 29 January 2014, Antrix Corporation Limited ( Antrix ), the commercial arm of Indian Space Research Organization ( ISRO ), signed Launch Services Agreement with DMC International Imaging ( DMCii ), the wholly owned subsidiary of Surrey Satellite Technology Limited ( SSTL ), United Kingdom ( UK ), for launch of three DMC - 3 Earth Observation Satellites being built by SSTL, on - board ISRO 's Polar Satellite Launch Vehicle ( PSLV ). On 5 February 2014, Antrix signed another Launch Services Agreement with ST Electronics ( Satcom & Sensor Systems ) Pte Ltd, Singapore, for launch of TeLEOS - 1 Earth Observation Satellite, on - board PSLV. These launches are planned during end 2014 to end 2015. On 29 September 2014, Canada announced that it has decided to give the contract of the July 2015 launch of its M3M ( Maritime Monitoring and Messaging Micro-Satellite ) communications satellite to Antrix during the inauguration of the International Astronautical Congress at Toronto. During the year, eight PSLV launch services agreements were signed for launching 16 international customer satellites as co-passengers. These are with Skybos Imaging Inc, USA ; DLR, Germany ; COMDEV, Canada, University of Toronto, Institute of Aerospace Studies, Canada, COSMOS International Germany ; Space Fight Inc., USA and Algerian Space Agency. With these the company had signed agreements for launching 33 satellites. Satellite launches Main article : List of foreign satellites launched by India As of January 2018 ISRO has launched 209 foreign satellites for 23 different countries. All satellites were launched using the ISRO 's Polar Satellite Launch Vehicle ( PSLV ) expendable launch system. Between 2013 and 2015, India launched 28 foreign satellites for 13 different countries earning a total revenue of US $101 million. Controversies S - band spectrum scam Further information : Indian Space Research Organisation § S - band spectrum scam In January 2005, Antrix Corporation signed an agreement with Devas Multimedia ( a private company formed by former ISRO employees and Venture Capitalists from USA ) for lease of S band transponders on two ISRO satellites ( GSAT 6 and GSAT 6A ) for a price of ₹ 14 billion ( US $190 million ), a huge amount lower than market price, to be paid over a period of 12 years. ISRO committed to spending ₹ 7.66 billion ( US $110 million ) of public money on building, launching and operating two satellites which were leased out for Devas. Devas shares were sold at a premium of ₹ 1,226,000 ( US $17,000 ), taking the accumulated share premium to ₹ 5.78 billion ( US $80 million ), thus getting a high profit. In July 2008, Devas offloaded 17 % of its stake to German company Deutsche Telekom for US $75 million, and by 2010 had 17 investors, including former ISRO scientists. In late 2009, some ISRO insiders exposed information about the Devas - Antrix deal, and the ensuing investigations resulted in the deal being annulled. G. Madhavan Nair ( ISRO Chairperson when the agreement was signed ) was barred from holding any post under the Department of Space. Some former scientists were found guilty of `` acts of commission '' or `` acts of omission ''. Devas and Deutsche Telekom demanded US $2 billion and US $1 billion, respectively, in damages. Government of India 's Department of Revenue and Ministry of Corporate Affairs initiated an inquiry into Devas shareholding. The CBI concluded investigations into the Antrix - Devas scam and registered a case against the accused in the Antrix - Devas deal under Section 120 - B, besides Section 420 of IPC and Section 13 ( 2 ) read with 13 ( 1 ) ( d ) of PC Act, 1988 on 18 March 2015 against the then Executive Director, Antrix Corporation Limited, Bengaluru ; two officials of USA - based company ; Bengaluru based private multi media company and other unknown officials of Antrix Corporation Limited / ISRO / Department of Space. References Jump up ^ `` Isro 's commercial arm Antrix revenue up 17 % in FY15 ''. Business Standard. ^ Jump up to : `` Antrix responsible for marketing ISRO tech ''. The Times of India. Retrieved 24 February 2013. Jump up ^ `` ISRO 's commercial arm Antrix gets new chief ''. The Hindu. 9 June 2011. Retrieved 24 February 2013. Jump up ^ `` About Us ''. Antrix. Retrieved 3 June 2016. Jump up ^ `` Successful launch for ISRO - EADS Astrium built satellite ''. The Economic Times. 2008 - 12 - 21. Retrieved 2018 - 01 - 24. Jump up ^ `` In launch business ''. www.frontline.in. Retrieved 2018 - 01 - 24. Jump up ^ http://www.dnaindia.com/scitech/report-isro-launches-five-british-satellites-india-s-heaviest-commercial-launch-ever-2103531 Jump up ^ http://isro.gov.in/scripts/news-6-2-14.aspx Jump up ^ `` Antrix to launch Canadian Satellite ''. Retrieved 5 October 2014. Jump up ^ `` International Customer Satellites Launched ''. www.antrix.gov.in. Retrieved 25 April 2016. Jump up ^ `` International Customer Satellites Launched ''. antrix.gov.in. Retrieved 25 April 2016. Jump up ^ `` India says PSLV launches generated $101 million in commercial launch fees 2013 - 2015 ''. SpaceNews.com. Retrieved 25 April 2016. Jump up ^ Sharma, Dinesh ( 6 February 2012 ). `` Space - age scam : the media tracked this Antrix - Devas deal was equated to the Telecommunication Scam, which was taking place in India around the same time ''. Daily Mail. Retrieved 6 February 2015. ^ Jump up to : Thakur, Pradeep ( 8 February 2011 ). `` Another spectrum scam hits govt, this time from ISRO ''. The Times of India. New Delhi. Retrieved 6 February 2015. ^ Jump up to : `` Behind the S - band spectrum scandal ''. The Hindu. 28 September 2011. Retrieved 6 February 2015. ^ Jump up to : Sharma, Dinesh ( 6 February 2012 ). `` Space - age scam : the murky plot behind Antrix - Devas deal revealed ''. Daily Mail. Retrieved 6 February 2015. Jump up ^ `` The story of a Rs 4,400 crore fiasco at ISRO ''. The Indian Express. 8 October 2015. Retrieved 13 December 2015. Jump up ^ The Asian Age Jump up ^ Jethmalani, Ram ( 22 August 2013 ). `` Antrix Devas and the second generation scam ''. The New Indian Express. New Delhi. Retrieved 6 February 2015. Jump up ^ `` CBI registers case in the huge Antrix - Devas scam ''. Newsroom24x7.com. Retrieved 16 May 2015. Jump up ^ Newsroom24x7 External links Official website Indian space programme Indian Space Research Organisation ( ISRO ) Organisations Department of Space ( DoS ) Antrix Corporation Indian Institute of Space Science and Technology ( IIST ) Indian Institute of Remote Sensing ( IIRS ) Laboratory for Electro - Optics Systems ( LEOS ) National Atmospheric Research Laboratory ( NARL ) Physical Research Laboratory ( PRL ) Physical Research Laboratory ( DECU ) Programmes Bhaskara GAGAN GSAT INSAT IRNSS IRS Cartosat RISAT Rohini SROSS Chandrayaan Human Spaceflight Programme Satellites APPLE Aditya - L1 Aryabhata Astrosat AstroSat - 2 HAMSAT IMS - 1 Megha - Tropiques NISAR SARAL South Asia Satellite SRE SRE II Kalpana - 1 CARE Space probes Chandrayaan - 1 Moon Impact Probe Chandrayaan - 2 Mars Orbiter Mission Mars Orbiter Mission 2 Venus orbiter mission ( proposed ) Crewed spacecraft Gaganyaan ( Under development ) Rockets Engine CE - 7.5 CE - 20 Orbital SLV ASLV PSLV GSLV GSLV Mark III Suborbital Rohini ATV Concepts ULV Under development RLV Technology Demonstration Programme RLV - TD Facilities Indian Deep Space Network ( IDSN ) ISRO Satellite Centre ( ISAC ) ISRO Telemetry, Tracking and Command Network ( ISTRAC ) Master Control Facility ( MCF ) Satish Dhawan Space Centre ( SDSC ) Thumba Equatorial Rocket Launching Station ( TERLS ) ISRO Satellite Integration and Testing Establishment ( ISITE ) Vikram Sarabhai Space Center ( VSSC ) Liquid Propulsion Systems Centre ( LPSC ) ISRO Propulsion Complex See also SAGA - 220 ( supercomputer ) List of Indian satellites List of Satish Dhawan Space Centre launches List of ISRO missions Public - sector space agencies Africa ASAL GSSTC NARRS NASRDA SANSA Americas North America CSA AEM NASA AFSPC South America CONAE AEB DCTA INPE ITA CCE ABAE IVIC Asia East Asia CNSA CALT CAST CCF CGWIC COSTIND JAXA ISAS NAL NASDA NICT USEF NRSC NADA KARI SaTReC NSPO Southeast Asia LAPAN MNSA SSTA IN. Genius GISTDA South Asia SPARRSO ISRO Antrix Corp DoS SUPARCO Southwest Asia MAKA IAIO ISA SAHA ISA NCSR GORS TÜBİTAK UZAY UAESA Central Asia KazCosmos TNSA Europe ASA MAKA BSA BISA SRTI CSO DTU Space ECSS ESA EUMETSAT EUSC CNES DLR ISARS HSO ASI Luxinnovation SRON NSC CBK ROSA RKA SRI VKO SSP INTA SNSA SSO TÜBİTAK UZAY UKSA SSAU Oceania ASA CSIRO NZSA World APSCO COSPAR IAA INTELSAT Interkosmos Intersputnik UNCOPUOS UNOOSA European Space Agency See also : Timeline of first orbital launches by country Preceded by the Soviet space program Public sector undertakings in India ( List ) Maharatna Bharat Heavy Electricals Coal India Gas Authority of India Indian Oil Corporation National Thermal Power Corporation Oil and Natural Gas Corporation Steel Authority of India Bharat Petroleum Corporation Navratna Bharat Electronics Container Corporation of India Engineers India Hindustan Aeronautics Hindustan Petroleum Mahanagar Telephone Nigam National Aluminium Company National Buildings Construction Corporation National Mineral Development Corporation NLC India Limited Oil India Power Finance Corporation Power Grid Corporation of India Rashtriya Ispat Nigam Rural Electrification Corporation Shipping Corporation of India Miniratna - I Airports Authority of India Antrix Corporation Balmer Lawrie Bharat Coking Coal Bharat Dynamics Bharat Earth Movers Bharat Sanchar Nigam Bridge & Roof Company ( India ) Central Warehousing Corporation Central Coalfields Chennai Petroleum Corporation Cochin Shipyard Dredging Corporation of India Kamarajar Port Garden Reach Shipbuilders and Engineers Goa Shipyard Hindustan Copper HLL Lifecare Hindustan Newsprint Hindustan Paper Corporation Housing and Urban Development Corporation Indian Rare Earths Indian Railway Catering and Tourism Corporation Indian Renewable Energy Development Agency India Trade Promotion Organisation Ircon International India Tourism Development Corporation Kudremukh Iron Ore Company Mazagon Dock Limited Mahanadi Coalfields Mangalore Refinery and Petrochemical Mishra Dhatu Nigam Metals and Minerals Trading Corporation of India MOIL MSTC National Fertilizers National Seeds Corporation Nathpa Jhakri Dam National Hydroelectric Power Corporation Northern Coalfields North Eastern Electric Power Corporation Numaligarh Refinery ONGC Videsh Limited Pawan Hans Projects and Development India Rail Vikas Nigam RailTel Corporation of India Rail Vikas Nigam Limited Rashtriya Chemicals & Fertilizers RITES SJVN Limited Security Printing and Minting Corporation of India South Eastern Coalfields State Trading Corporation of India Telecommunications Consultants India THDC India WAPCOS Limited Western Coalfields Educational Consultants India HSCC ( India ) National Small Industries Corporation Miniratna - II Bharat Pumps & Compressors Broadcast Engineering Consultants India Central Mine Planning and Design Institute Central Railside Warehouse Company Engineering Projects ( India ) Limited FCI Aravali Gypsum and Minerals ( India ) Ferro Scrap Nigam HMT ( International ) Indian Medicines and Pharmaceuticals Corporation MECON Mineral Exploration Corporation National Film Development Corporation of India PEC Limited Rajasthan Electronics and Instruments Artificial Limbs Manufacturing Corporation of India Information updated as of 30 October, 2017 by Ministry of Heavy Industries and Public Enterprises See also Public sector banks in India Retrieved from `` https://en.wikipedia.org/w/index.php?title=Antrix_Corporation&oldid=863824541 '' Categories : Government - owned companies of India Public sector in India Space programme of India Commercial launch service providers Companies based in Bangalore Indian Space Research Organisation Indian companies established in 1992 Hidden categories : Use dmy dates from February 2017 EngvarB from February 2017 Wikipedia articles in need of updating from March 2017 All Wikipedia articles in need of updating Articles containing potentially dated statements from January 2018 All articles containing potentially dated statements Talk Contents About Wikipedia हिन्दी Bahasa Indonesia मराठी Português Suomi தமிழ் Edit links This page was last edited on 13 October 2018, at 09 : 00 ( UTC ). 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Question: what is the name of commerical wing of isro
Answer: Antrix Corporation Limited