NewSpace India Limited (NSIL), a privately owned Indian company founded in 2019, serves as the commercial arm of the Indian Space Research Organisation (ISRO). Headquartered in India and employing approximately 10 people, NSIL's primary function is providing connectivity and distribution services related to space. Its activities include commercial satellite launches, offering space-based services, and fostering the growth of India's space industry. In 2023, NSIL's revenue was less than $1 million. The company is also involved in developing and launching small satellites and pursuing other space exploration endeavors.
NSIL signed a launch agreement with Astroscale Japan Inc. for the launch of the ISSA-J1 mission. On September 10, NSIL, ISRO, IN-SPACe, and Hindustan Aeronautics Limited (HAL) formalized a technology transfer agreement for the Small Satellite Launch Vehicle (SSLV). This agreement, also involving ISRO, IN-SPACe, and HAL, concerns the production of the SSLV. A 100th Technology Transfer Agreement, facilitated by IN-SPACe, was signed between ISRO, NSIL, and IN-SPACe with HAL for SSLV production. The agreement, signed in Bengaluru, focuses on the production of the Small Satellite Launch Vehicle (SSLV).
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NewSpace India (NSIL) offers products in the connectivity and cloud and media tech industries. NewSpace India (NSIL)'s product portfolio comprises of connectivity and distribution services and enterprise connectivity services.
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NewSpace India (NSIL)'s revenues were less than $1M in 2023. Caretta Research has split NewSpace India (NSIL)'s revenue into 2 different product categories, the largest of which is satellite data connectivity. For full access to NewSpace India (NSIL)'s revenue breakdown subscribe to Caretta Portal.
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