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.
On March 27, 2025, NSIL signed a memorandum of understanding with the Indian Army and ADRIN to design and develop precision targeting software called LAKSHYA-PT. Parliament received notification on Wednesday that NSIL recorded revenue of Rs 3026.09 crore in FY25, a 43% increase from Rs 2116.12 crore in FY24. This revenue growth was also reported by NSIL as a 43% increase from the previous fiscal year. The total revenue generated by NSIL since its inception in March 2019 was also reported to Parliament.
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NewSpace India (NSIL) offers products in the media tech industry. NewSpace India (NSIL)'s product portfolio comprises of connectivity and distribution services.
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NewSpace India (NSIL)'s revenues were less than $1M in 2023. All the revenue comes from media and broadcast satellite connectivity.
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