Antrix Corporation Limited
Company typePublic Sector Undertaking
Industry
Founded28 September 1992; 31 years ago (1992-09-28)
HeadquartersAntariksh Bhavan Campus, Near New BEL Road,
Bangalore, Karnataka
,
India
Key people
Sanjay Kumar Agarwal (CMD)
Services
RevenueDecrease ₹65,438.12 lakh (US$82 million)[1] (2020-21)
Decrease ₹7,898.08 lakh (US$9.9 million)[2] (2020-21)
Decrease ₹5,571.12 lakh (US$7.0 million) (2020-21)
Total assetsDecrease ₹190,556.18 lakh (US$240 million)[3] (2020-21)
Total equityDecrease ₹156,731.45 lakh (US$200 million) (2020-21)
OwnerDepartment of Space[4]
WebsiteOfficial Website

Antrix Corporation Limited (ISO 15919: Ēnṭriks) is an Indian government-owned company under the administrative control of the Department of Space. It was incorporated in September 1992, as a commercial and marketing arm of ISRO by prompting, commercially delivering and marketing products and services emanating from ISRO.[5] It provides major technical consultancy services and transfers technologies to industry.[6]

History

Antrix Corporation was incorporated on 28 September 1992 as a private limited company owned by the Indian government. Its objective is to promote the ISRO's products, services and technologies.[7][8] The company is a Public Sector Undertaking (PSU), wholly owned by the Government of India. It is administered by the Department of Space (DoS).[9]

It had dealings with EADS Astrium,[10] Intelsat, Avanti Group, WorldSpace, Inmarsat, SES World Skies, Measat, Singtel and other space institutions in Europe, Middle East and South East Asia.[7]

It was awarded 'Miniratna Category-I' status by the government in 2008.[7]

Achievements

Main article: List of PSLV launches

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).[citation needed]

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.[12] 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.[13]

Satellite launches

Main article: List of foreign satellites launched by India

As of February 2022 ISRO has launched 343 foreign satellites for 36 different countries.[14][15] 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.[16]

Antrix launched 239 satellites between 2016 and 2019 earning a total revenue of ₹6,289 crore (US$790 million).[17][18]

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$180 million), a huge amount lower than market price, to be paid over a period of 12 years.[19][20] Devas shares were sold at a premium of ₹1,226,000 (US$15,000), taking the accumulated share premium to ₹5.78 billion (US$72 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.[19][21]

In late 2009, some ISRO insiders exposed information about the Devas-Antrix deal,[20][22] 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.[23]

The Central Bureau of Investigation 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.[24][25]

References

  1. ^ "Annual Report 2020-21" (PDF). Antrix Corp. Ltd. pp. 8–9. Archived (PDF) from the original on 11 February 2022. Retrieved 16 April 2022.
  2. ^ "Annual Report 2020-21" (PDF). Antrix Corp. Ltd. p. 9. Archived (PDF) from the original on 11 February 2022. Retrieved 16 April 2022.
  3. ^ "Annual Report 2020-21" (PDF). Antrix Corp. Ltd. p. 55. Archived (PDF) from the original on 11 February 2022. Retrieved 16 April 2022.
  4. ^ "Annual Report 2017-18" (PDF). Antrix. Archived (PDF) from the original on 25 July 2019. Retrieved 25 July 2019.
  5. ^ "Antrix Corporation Limited Official". Archived from the original on 16 April 2022. Retrieved 16 April 2022.
  6. ^ "Antrix Corporation Limited". isro.gov.in. ISRO. Archived from the original on 5 November 2021. Retrieved 12 August 2019.
  7. ^ a b c "Antrix responsible for marketing ISRO tech". The Times of India. Archived from the original on 26 April 2013. Retrieved 24 February 2013.
  8. ^ "ISRO's commercial arm Antrix gets new chief". The Hindu. 9 June 2011. Archived from the original on 30 May 2022. Retrieved 24 February 2013.
  9. ^ "About Us". Antrix. Archived from the original on 4 June 2016. Retrieved 3 June 2016.
  10. ^ "Successful launch for ISRO-EADS Astrium built satellite". The Economic Times. 21 December 2008. Archived from the original on 25 January 2018. Retrieved 24 January 2018.
  11. ^ "In launch business". www.frontline.in. Retrieved 24 January 2018.
  12. ^ "Welcome to ISRO :: Latest News". Archived from the original on 6 October 2014. Retrieved 6 February 2014.
  13. ^ Dikshit, Sandeep (4 October 2014). "Antrix to launch Canadian Satellite". The Hindu. Archived from the original on 5 November 2021. Retrieved 5 October 2014.
  14. ^ "International Customer Satellites Launched". www.antrix.gov.in. Archived from the original on 25 April 2016. Retrieved 25 April 2016.
  15. ^ "International Customer Satellites Launched". antrix.gov.in. Archived from the original on 25 April 2016. Retrieved 25 April 2016.
  16. ^ "India says PSLV launches generated $101 million in commercial launch fees 2013-2015". SpaceNews.com. 30 March 2016. Retrieved 25 April 2016.
  17. ^ "ISRO's commercial arm launched 239 satellites in last 3 years, earned ₹6,289 crore: Govt". The Hindu. 24 July 2019. Archived from the original on 5 November 2021. Retrieved 25 July 2019.
  18. ^ Narasimhan, T. E. (24 July 2019). "Isro's commercial arm Antrix Corp clocked Rs 6,289 cr in last three years". Business Standard India. Archived from the original on 5 November 2021. Retrieved 25 July 2019.
  19. ^ a b Thakur, Pradeep (8 February 2011). "Another spectrum scam hits govt, this time from ISRO". The Times of India. New Delhi. Archived from the original on 6 November 2021. Retrieved 6 February 2015.
  20. ^ a b "Behind the S-band spectrum scandal". The Hindu. 28 September 2011. Archived from the original on 19 February 2014. Retrieved 6 February 2015.
  21. ^ "The story of a Rs 4,400 crore fiasco at ISRO". The Indian Express. 8 October 2015. Archived from the original on 7 November 2021. Retrieved 13 December 2015.
  22. ^ "The Asian Age". Archived from the original on 19 May 2015. Retrieved 16 May 2015.
  23. ^ Jethmalani, Ram (22 August 2013). "Antrix Devas and the second generation scam". The New Indian Express. New Delhi. Archived from the original on 6 February 2015. Retrieved 6 February 2015.
  24. ^ "CBI registers case in the huge Antrix-Devas scam". Newsroom24x7.com. Archived from the original on 18 May 2015. Retrieved 16 May 2015.
  25. ^ "Newsroom24x7". Archived from the original on 3 May 2016. Retrieved 16 May 2015.

External links

Indian space programme
Public-sector space agencies
Public sector undertakings in India (List)
Categories