NewSpace India, also known as NSIL, is a wholly-owned Government of India company under the Department of Space, headquartered in India. Established in 2019, the company employs approximately 10 individuals and reported $804,220 in revenue as of 2023. Functioning as the commercial arm of the Indian Space Research Organization (ISRO), NSIL specializes in enterprise connectivity services. Its responsibilities include undertaking commercial launches of satellites, providing space-based services, and promoting space-related industries in India. NSIL is also involved in the development and launch of small satellites, space exploration missions, and other related activities.
On June 25, 2026, India prepared to transfer Polar Satellite Launch Vehicle (PSLV) technology to private companies through the Indian National Space Promotion and Authorisation Centre (IN-SPACe). This initiative outlines eligibility criteria, technical support from the Indian Space Research Organisation (ISRO), and provisions for commercializing launch vehicle technology within the domestic space industry. Earlier on the same day, NewSpace India Limited (NSIL) was set to award a ₹6.75 crore contract to Noida-based startup Suhora Technologies for satellite imagery services. This contract highlights NSIL's approach to outsourcing specialized technical tasks and the expanding role of private Indian startups in the national space ecosystem.
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NewSpace India (NSIL) offers products in the media tech and connectivity and cloud 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 2024. 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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