predecessor modi corp mcorp global spice corp founded 1980 founder b. k. modi headquarters singapore india area served worldwide key people ozi amanat cio 1 total assets us 2 billion 2011 2 number of employees 10 000 website spice global spice global is an indian conglomerate headquartered in singapore . the company operates in the sectors of telecom finance entertainment and technology . they operate internationally in los angeles new york kuala lumpur london dubai nepal bangladesh uganda tanzania zimbabwe sri lanka and shenzen . in 2014 the company s aggregated assets totalled us 2 billion with over 10 000 employees worldwide . 2 spice global is planning to offer full fledged banking service with focus on smart banking which is showing a 227 % annual growth to its customers . it has applied to the reserve bank of india rbi for a license . the company is already offering financial services through wall street finance which has 6 000 sub agents across india including vijaya bank icici bank and kotak . 3 in 2014 the company made an aggressive bid to acquire the american business magazine forbes media from the forbes family and the private equity group elevation partners . ozi amanat valued the company and acquisition at 300 500m and quoted it as one of the world s most brilliant brands . 4 the bid for forbes was short listed as the 3 top bidders for acquisition beating time inc fox bloomberg warren buffett and other major investors . contents 1 history 2 proposed operations 3 awards and honors 4 subsidiaries 5 board of directors 6 references 7 external links history edit spice global was established in 1980 by b. k. modi under the name modi corp. later the company came to be known as mcorp global and spice corp before it finally became spice global . in 2009 a bid between virgin mobile and spice global was held for the 3g contract of mahanagar telephone nigam limited . 5 the deal was eventually called off due to regulation issues and a deal was not signed for the network . 6 spice telecom was sold to idea cellular in 2008 . 7 the company abandoned plans for a us 500 million ipo when the dubai financial market general index dropped 65 percent in 2009 . 8 the decision where to hold the ipo was withheld from the general public with singapore hong kong london and the us as strongly speculated possibilities . 9 10 however plans in 2012 revealed spice global would be listed in london . 11 12 modi expects to raise us 1 billion in the listing where london has agreed to the listing . 13 proposed operations edit spice global group plans to expand its footprint in malaysia . spice global has a presence in malaysia in the field of mobile software and hardware technology through spice csl . spice global had earlier taken over the malaysian mobile company csl . 14 the company did a business worth over us 100 million in malaysia in 2012 and hopes to breach us 200 million rm618 million by 2014 . this year spice csl will launch two new smartphones and one tablet in malaysia . the company is currently in talks with malayan banking bhd maybank and bank islam malaysia bhd for strategic partnerships for its proposed banking business . spice global is interested in entering the malaysian healthcare sector and is in talks with ihh healthcare bhd for a partnership . the company also plans to buy a property in putrajaya . awards and honors edit 2007 golden peacock certificates for innovative products services global premier of the world s first movie phone 15 2008 peoples phone at the world mobile congress barcelona 15 product of the year innovation award 2010 spice mobility ranked 10 in asia s 200 best under a billion 16 subsidiaries edit si2i mobility si2i representing mobility businesses outside india . listed in singapore stock exchange sgx m09 s mobility limited representing mobility businesses in india . listed in nse nse spicemobil and bse bse 517214 spice retail telecommunications retail and accessory chain 741 stores in 136 cities 17 spice digital business solutions for telecom operators spice csl global spice mobility and is based in malaysia . it enjoys a market share of 18 % in malaysia . spice enfotainment spice world mall in uttar pradesh . spice studios film production company spice investment and finance advisors a 62 % controlling stake in wall street finance limited india spice innovative technologies is headquartered in singapore provides voice data and computing services . spice bpo services operates in the domestic on shore bpo spice foundation varanasi and rampur dma schools saket city hospital south delhi board of directors edit b. k. modi chairman k. n. vangal ranganathan preeti malhotra chhavi leekha ozi amanat anitha reddy chadha references edit vikas sn jan 3 2013 . spice global appoints ozi amanat as its chief investment officer . medianama.com . retrieved 8 january 2013 . a b spice retail acquires global access . the hindu . january 22 2010 . retrieved 8 january 2013 . spice global plans to approach rbi for bank licence . ndtv . pti . 14 march 2013 . retrieved 23 august 2013 . spice global s bk modi among top bidders for forbes . the economic times . et bureau . 16 jan 2014 . virgin mobile spice group bid for 3g franchise deal of mtnl . new delhi the economic times . sep 3 2009 . retrieved 8 january 2013 . mtnl plans fresh tender for 3g partner . new delhi the economic times . may 26 2010 . retrieved 8 january 2013 . spice considers stake sale . new delhi the hindu . jun 4 2008 . retrieved 8 january 2013 . spice global to seek new exchange for i.p.o. . the new york times . june 22 2009 . retrieved 8 january 2013 . ismail netty june 22 2009 . indian billionaire modi plans 1 billion ipo scraps dubai plan . bloomberg businessweek . retrieved 8 january 2013 . k. v. kurmanath june 15 2012 . spice global listing likely this fiscal . hyderabad the hindu . retrieved 8 january 2013 . 52 bhupendra kumar modi . forbes . 2011 . retrieved 8 january 2013 . spice global s modi on developing markets planned ipo video . bloomberg businessweek . jan 13 2012 . retrieved 8 january 2013 . spice group plans 1 b london listing . london the hindu . may 26 2012 . retrieved 8 january 2013 . http www.s csl.my a b s mobility to handover handset business to s mobile device . news.indiamart.com . 2012 07 06 . retrieved 2013 01 08 . asia s 200 best under a billion . forbes . 27 2010 . retrieved 8 january 2013 . check date values in date help 65 bhupendra kumar modi . forbes . 2010 . retrieved 8 january 2013 . external links edit spice global retrieved from https en.wikipedia.org w index.php title spice global & oldid 653275178 categories companies of indiaconglomerate companies of singaporehidden categories cs1 errors dates navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia 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