undertaking industry space communications founded 28 september 1992 ; 24 years ago 1992 09 28 headquarters antariksh bhavan campus near new bel road bangalore karnataka india key people v. s. hegde cmd services transponder provisioning satellite launch remote sensing spacecraft and subsystems mission support ground infrastructure for space based needs revenue 1 860.71 crore us 280 million 2014 15 1 operating income 325.4 crore us 48 million 2014 15 profit 205.10 crore us 30 million 2014 15 total assets 2 992.75 crore us 440 million 2014 15 total equity 2 992.75 crore us 440 million 2014 15 owner government of india parent department of space website www.antrix.gov.in antrix corporation limited is the commercial arm of the indian space research organisation isro . contents 1 etymology 2 history 3 achievements 4 business agreement 5 satellite launches 6 controversies 6.1 s band spectrum scam 7 references 8 external links etymology edit the name antrix is an anglicised version of antariksha from the sanskrit word for space . history edit its objective is to promote the isro s products services and technologies . 2 3 it was incorporated as a private limited company owned by the indian government on 28 september 1992 . the company is a public sector undertaking psu wholly owned by the government of india . it is administered by the department of space dos . 4 it had dealings with eads astrium intelsat avanti group worldspace inmarsat and other space institutions in europe middle east and south east asia . 2 it was awarded miniratna status by the government in 2008 2 and achieved a turnover of rs . 18 billion in 2014 15 . achievements edit successful launch of w2m satellite . successful supply of reliable satellite systems and sub systems . some of antrix s better known customers are hughes matra marconi world space etc. successful commercial satellite launches of kitsat korea tubsat dlr germany bird dlr germany proba verhaert belgium aboard the isro s polar satellite launch vehicle pslv . execution of many iot ttc support services to international space agencies . some of the customers using antrix services are world space panamsat ge americom afristat etc. leop support iot ttc . successful launch of tecsar israel . two satellites ; one from france and another from japan were launched in september 2012 . successful launch of five satellites including french spot 7 satellite on 30 june 2014 uk based satellite launch uk dmc 3 on 10 july 2015 . 5 business agreement edit 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 . 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 . 6 on september 29 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 . 7 during the year eight pslv launch services agreements were signed for launching 16 international customer satellites as co passengers . these are with skybos imaging inc usa ; dlr germany ; comdev canada university of toronto institute of aerospace studies canada cosmos international germany ; space fight inc. usa and algerian space agency . with these the company had signed agreements for launching 33 satellites . satellite launches edit main article list of foreign satellites launched by india india has launched 57 satellites for 21 different countries . 8 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 . 9 controversies edit s band spectrum scam edit 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 1 400 crore us 210 million a huge amount lower than market price to be paid over a period of 12 years . 10 11 12 isro committed to spending 766 crore us 110 million of public money on building launching and operating two satellites which were leased out for devas . 13 devas shares were sold at a premium of 12.26 lakh us 18 000 taking the accumulated share premium to 578 crore us 86 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 . 11 13 14 in late 2009 some isro insiders exposed information about the devas antrix deal 12 15 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 . 16 government of india s department of revenue and ministry of corporate affairs initiated an inquiry into devas shareholding . 13 the cbi 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 march 18 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 . 17 18 references edit isro s commercial arm antrix revenue up 17 % in fy15 . business standard . a b c antrix responsible for marketing isro tech . times of india . retrieved 24 february 2013 . isro s commercial arm antrix gets new chief . the hindu . 9 june 2011 . retrieved 24 february 2013 . about us . antrix . retrieved june 3 2016 . http www.dnaindia.com scitech report isro launches five british satellites india s heaviest commercial launch ever 2103531 http isro.gov.in scripts news 6 2 14 . aspx antrix to launch canadian satellite . retrieved 5 october 2014 . international customer satellites launched . www.antrix.gov.in . retrieved 25 april 2016 . india says pslv launches generated 101 million in commercial launch fees 2013 2015 spacenews.com . spacenews.com . retrieved 25 april 2016 . sharma dinesh 6 february 2012 . space age scam the media tracked this antrix devas deal was equated to the telecommunication scam which was taking place in india around the same time . daily mail . retrieved 6 february 2015 . a b thakur pradeep 8 february 2011 . another spectrum scam hits govt this time from isro . the times of india . new delhi . retrieved 6 february 2015 . a b behind the s band spectrum scandal . the hindu . 28 september 2011 . retrieved 6 february 2015 . a b c sharma dinesh 6 february 2012 . space age scam the murky plot behind antrix devas deal revealed . daily mail . retrieved 6 february 2015 . the story of a rs 4 400 crore fiasco at isro . the indian express . 2015 10 08 . retrieved 2015 12 13 . the asian age jethmalani ram 22 august 2013 . antrix devas and the second generation scam . new delhi the new indian express . retrieved 6 february 2015 . cbi registers case in the huge antrix devas scam . newsroom24x7.com . retrieved 16 may 2015 . newsroom24x7 external links edit official website v t e indian space programme indian space research organisation isro organisations department of space dos antrix corporation indian institute of space science and technology iist indian institute of remote sensing iirs laboratory for electro optics systems leos national atmospheric research laboratory narl physical research laboratory prl physical research laboratory decu programmes bhaskara gagan gsat insat irnss irs cartosat risat rohini sross chandrayaan human spaceflight programme orbital vehicle spacecraft one off missions apple aditya aryabhata astrosat hamsat ims 1 megha tropiques nisar saral saarc satellite sre sre ii kalpana 1 care planetary missions chandrayaan 1 chandrayaan 2 mars orbiter mission mangalyaan 2 venus orbiter mission rockets orbital slv aslv pslv gslv gslv mk.iii suborbital rohini atv concepts ulv under development rlv td facilities indian deep space network idsn isro satellite centre isac isro telemetry tracking and command network istrac master control facility mcf satish dhawan space centre sdsc thumba equatorial rocket launching station terls see also saga 220 list of indian satellites list of satish dhawan space centre launches list of isro missions v t e public sector space agencies africa north africa asal narrs cnct crts sub saharan gsstc nasrda sansa americas north america csa aem nasa afspc nro smdc usstratcom south america conae aeb dcta inpe ita cce abae ivic asia east asia cnsa calt cast ccf cgwic costind jaxa isas nal nasda nict usef nrsc nada kari satrec nspo southeast asia lapan mnsa pagasa ssta in.genius gistda south asia sparrso isro antrix corp dos suparco southwest asia maka1 iaio isa saha isa ncsr gors t bi tak uzay uaesa central asia kazcosmos tnsa europe asa bsa1 bisa srti cso dtu space ecss esa eumetsat eusc cnes dlr isars hso asi luxinnovation sron nsc cbk rosa rka1 sri1 vko ssp inta snsb sso t bi tak uzay uksa ssau1 oceania csiro world apsco cospar iaa intelsat interkosmos intersputnik uncopuos unoosa see also timeline of first orbital launches by country 1 preceded by the soviet space program v t e public sector undertakings in india list maharatna bharat heavy electricals coal india gas authority of india indian oil corporation national thermal power corporation oil and natural gas corporation steel authority of india navratna bharat electronics bharat petroleum corporation container corporation of india engineers india hindustan aeronautics hindustan petroleum corporation mahanagar telephone nigam national aluminium company national buildings construction corporation national mineral development corporation neyveli lignite corporation oil india power finance corporation power grid corporation of india rashtriya ispat nigam rural electrification corporation shipping corporation of india miniratna i airports authority of india antrix corporation balmer lawrie bharat coking coal bharat dynamics bharat earth movers bharat sanchar nigam bridge & roof company india central warehousing corporation central coalfields chennai petroleum corporation cochin shipyard dredging corporation of india kamarajar port garden reach shipbuilders and engineers goa shipyard hindustan copper hindustan newsprint hindustan paper corporation hll lifecare housing and urban development corporation indian railway catering and tourism corporation indian rare earths indian renewable energy development agency ircon international india tourism development corporation india trade promotion organisation kudremukh iron ore company mazagaon dock mahanadi coalfields mangalore refinery and petrochemical mishra dhatu nigam metals and minerals trading corporation of india moil mstc national fertilizers national seeds corporation nathpa jhakri dam national hydroelectric power corporation north eastern electric power corporation northern coalfields numaligarh refinery oil and natural gas corporation pawan hans projects and development india rail vikas nigam railtel corporation of india rashtriya chemicals & fertilizers rites security printing and minting corporation of india south eastern coalfields state trading corporation of india telecommunications consultants india thdc india water and power consultancy services western coalfields miniratna ii bharat pumps & compressors broadcast