Antrix Corporation Explained

Antrix Corporation Limited
Type:Public Sector Undertaking
Founders:-->
Hq Location:Antariksh Bhavan Campus, Near New BEL Road
Hq Location City:Bangalore, Karnataka
Hq Location Country:India
Areas Served:-->
Key People:Sanjay Kumar Agarwal (CMD)
Revenue: [1]
Revenue Year:2020-21
Operating Income: [2]
Income Year:2020-21
Profit Year:2020-21
Assets: [3]
Assets Year:2020-21
Equity Year:2020-21
Owner:Department of Space[4]

Antrix Corporation Limited (ISO 15919:) is an Indian government-owned company under the administrative control of the Department of Space. It was incorporated in September 1992, as a commercial and marketing arm of ISRO by prompting, commercially delivering and marketing products and services emanating from ISRO.[5] It provides major technical consultancy services and transfers technologies to industry.[6]

History

Antrix Corporation was incorporated on 28 September 1992 as a private limited company owned by the Indian government.Its objective is to promote the ISRO's products, services and technologies.[7] [8] The company is a Public Sector Undertaking (PSU), wholly owned by the Government of India. It is administered by the Department of Space (DoS).[9]

It had dealings with EADS Astrium,[10] Intelsat, Avanti Group, WorldSpace, Inmarsat, SES World Skies, Measat, Singtel and other space institutions in Europe, Middle East and South East Asia.

It was awarded 'Miniratna Category-I' status by the government in 2008.

Achievements

See main article: List of PSLV launches.

Business agreement

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.[12] On 29 September 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.[13]

Satellite launches

See main article: List of foreign satellites launched by India. ISRO has launched 343 foreign satellites for 36 different countries.[14] [15] 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.[16]

Antrix launched 239 satellites between 2016 and 2019 earning a total revenue of .[17] [18]

Controversies

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, a huge amount lower than market price, to be paid over a period of 12 years.[19] [20] Devas shares were sold at a premium of, taking the accumulated share premium to, 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.[21]

In late 2009, some ISRO insiders exposed information about the Devas-Antrix deal,[22] 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.[23]

The Central Bureau of Investigation 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 18 March 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.[24] [25]

Notes and References

  1. Web site: Annual Report 2020-21 . 8–9 . Antrix Corp. Ltd. . 16 April 2022 . 11 February 2022 . https://web.archive.org/web/20220211055239/https://www.antrix.co.in/sites/default/files/Antrix%20Annual%20Report%20English.pdf . live .
  2. Web site: Annual Report 2020-21 . 9 . Antrix Corp. Ltd. . 16 April 2022 . 11 February 2022 . https://web.archive.org/web/20220211055239/https://www.antrix.co.in/sites/default/files/Antrix%20Annual%20Report%20English.pdf . live .
  3. Web site: Annual Report 2020-21 . 55 . Antrix Corp. Ltd. . 16 April 2022 . 11 February 2022 . https://web.archive.org/web/20220211055239/https://www.antrix.co.in/sites/default/files/Antrix%20Annual%20Report%20English.pdf . live .
  4. Web site: Annual Report 2017-18 . Antrix . 25 July 2019 . 25 July 2019 . https://web.archive.org/web/20190725062629/http://www.antrix.co.in/sites/default/files/article-attachments/ar-2017-18-eng_0.pdf . live .
  5. Web site: Antrix Corporation Limited Official . live . https://web.archive.org/web/20220416032027/https://www.antrix.co.in/company-profile . 16 April 2022 . 16 April 2022.
  6. Web site: Antrix Corporation Limited . isro.gov.in . ISRO . 12 August 2019 . 5 November 2021 . https://web.archive.org/web/20211105142457/https://www.isro.gov.in/about-isro/antrix-corporation-limited . dead .
  7. Web site: Antrix responsible for marketing ISRO tech. https://archive.today/20130426170804/http://articles.timesofindia.indiatimes.com/2011-02-09/india/28547101_1_isro-eads-astrium-antrix-corporation. dead. 26 April 2013. The Times of India. 24 February 2013.
  8. News: ISRO's commercial arm Antrix gets new chief. 9 June 2011. The Hindu. 24 February 2013. 30 May 2022. https://web.archive.org/web/20220530200912/https://www.thehindubusinessline.com/economy/. live.
  9. Web site: About Us. Antrix. 3 June 2016. https://web.archive.org/web/20160604053849/http://www.antrix.gov.in/about-us. 4 June 2016. dead.
  10. News: Successful launch for ISRO-EADS Astrium built satellite. 2008-12-21. The Economic Times. 2018-01-24. 25 January 2018. https://web.archive.org/web/20180125022151/https://economictimes.indiatimes.com/successful-launch-for-isro-eads-astrium-built-satellite/articleshow/3869985.cms. live.
  11. Web site: In launch business. www.frontline.in. 2018-01-24.
  12. Web site: Welcome to ISRO :: Latest News . 6 February 2014 . 6 October 2014 . https://web.archive.org/web/20141006125406/http://isro.gov.in/scripts/news-6-2-14.aspx . dead .
  13. News: Antrix to launch Canadian Satellite . . 4 October 2014 . 5 October 2014 . Dikshit . Sandeep . 5 November 2021 . https://web.archive.org/web/20211105143218/https://www.thehindu.com/todays-paper/isro-to-launch-canadian-satellite/article6472308.ece . live .
  14. Web site: International Customer Satellites Launched. www.antrix.gov.in. 25 April 2016. https://web.archive.org/web/20160425094629/http://www.antrix.gov.in/business/international-customer-satellites-launched. 25 April 2016. dead.
  15. Web site: International Customer Satellites Launched. antrix.gov.in. 25 April 2016. https://web.archive.org/web/20160425094629/http://www.antrix.gov.in/business/international-customer-satellites-launched. 25 April 2016. dead.
  16. Web site: India says PSLV launches generated $101 million in commercial launch fees 2013-2015 . 30 March 2016 . SpaceNews.com. 25 April 2016. en-US.
  17. Web site: ISRO's commercial arm launched 239 satellites in last 3 years, earned ₹6,289 crore: Govt . The Hindu . 25 July 2019 . en-IN . 24 July 2019 . 5 November 2021 . https://web.archive.org/web/20211105142455/https://www.thehindu.com/news/national/isros-commercial-arm-launched-239-satellites-in-last-3-years-earned-6289-crore-govt/article28698093.ece . live .
  18. Web site: Narasimhan . T. E. . Isro's commercial arm Antrix Corp clocked Rs 6,289 cr in last three years . Business Standard India . 25 July 2019 . 24 July 2019 . 5 November 2021 . https://web.archive.org/web/20211105142455/https://www.business-standard.com/article/companies/isro-s-commercial-arm-antrix-corp-clocked-rs-6-289-cr-in-last-three-years-119072401244_1.html . live .
  19. News: Another spectrum scam hits govt, this time from ISRO . The Times of India . 8 February 2011 . 6 February 2015 . Thakur, Pradeep . New Delhi . 6 November 2021 . https://web.archive.org/web/20211106031416/https://timesofindia.indiatimes.com/india/Another-spectrum-scam-hits-govt-this-time-from-ISRO/articleshow/7445139.cms . live .
  20. News: Behind the S-band spectrum scandal . The Hindu . 28 September 2011 . 6 February 2015 . 19 February 2014 . https://web.archive.org/web/20140219053426/http://www.thehindu.com/opinion/editorial/behind-the-sband-spectrum-scandal/article1200374.ece . live .
  21. Web site: The story of a Rs 4,400 crore fiasco at ISRO. The Indian Express. 8 October 2015. 13 December 2015. 7 November 2021. https://web.archive.org/web/20211107155700/https://indianexpress.com/article/explained/antrix-devas-the-story-of-a-rs-4400-cr-fiasco-at-isro/. live.
  22. Web site: The Asian Age . 16 May 2015 . 19 May 2015 . https://web.archive.org/web/20150519214523/http://newsroom24x7.com/2015/03/20/2862/antrix-devas-news-lalit-shastri/#main . live .
  23. Web site: Antrix Devas and the second generation scam . The New Indian Express . 22 August 2013 . 6 February 2015 . Jethmalani, Ram . New Delhi . 6 February 2015 . https://web.archive.org/web/20150206055725/http://www.newindianexpress.com/nation/Antrix-Devas-and-the-second-generation-scam/2013/08/22/article1745659.ece . dead .
  24. News: CBI registers case in the huge Antrix-Devas scam. 16 May 2015. Newsroom24x7.com. 18 May 2015. https://web.archive.org/web/20150518104746/http://newsroom24x7.com/2015/03/18/cbi-registers-case-in-the-huge-antrix-devas-scam/. live.
  25. Web site: Newsroom24x7 . 16 May 2015 . 3 May 2016 . https://web.archive.org/web/20160503054604/https://newsroom24x7.com/2015/03/20/antrix-devas-agreement-national-security-and-cbi/ . live .

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