View source for Antrix Corporation

{{short description|Commercial wing of the Indian Space Research Organization}}
{{Use dmy dates|date=February 2017}}
{{EngvarB|date=February 2017}}
{{update|date=March 2017}}
{{Infobox company
| name = Antrix Corporation Limited
| logo = Antrix Corporation.svg
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| image = 
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| type = [[Public Sector Undertaking]]
| industry = {{ublist |[[Aerospace]]|[[Telecommunication|Communication]]s}}
| founded = {{start date and age|df=yes|1992|09|28}}
| founder = <!-- or: | founders = -->
| hq_location = Antariksh Bhavan Campus, Near New BEL Road
| hq_location_city = [[Bangalore]], Karnataka
| hq_location_country = India
| num_locations = 
| num_locations_year = <!-- Year of num_locations data (when known) -->
| area_served = <!-- or: | areas_served = -->
| key_people = Rakesh Sasibhushan (CMD)
| products = 
| production = 
| production_year = <!-- Year of production data (when known) -->
| services = {{ublist |[[Transponder]] provisioning | [[Satellite|Satellite launch]] |[[Remote sensing]] |[[Spacecraft]] and [[Subsystems]] | Mission Support | Ground Infrastructure for Space based Needs }}
| revenue = {{decrease}} {{INRConvert|1700|c}}<ref>{{Cite web|url=https://www.newindianexpress.com/nation/2020/jan/12/antrix-eyes-rs-2000-crore-revenue-in-coming-fiscal-2088478.html|title=Antrix eyes Rs 2,000 crore revenue in coming fiscal|website=The New Indian Express|access-date=2020-01-17}}</ref>
| revenue_year = 2018–19
| operating_income = {{increase}} {{INRConvert|317.57|c}}
| income_year = 2017–18
| profit = {{increase}} {{INRConvert|211.51|c}}
| profit_year = 2017–18
| assets = {{increase}} {{INRConvert|3065.65|c}}
| assets_year = 2017–18
| equity = {{increase}} {{INRConvert|1293.68|c}}
| equity_year = 2017–18
| owner = [[Department of Space]]<ref name="Annual Report">{{cite web |title=Annual Report 2017-18 |url=http://www.antrix.co.in/sites/default/files/article-attachments/ar-2017-18-eng_0.pdf |website=Antrix |access-date=25 July 2019}}</ref>
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| module = <!-- Used to embed other templates -->
| website = {{URL|http://www.antrix.co.in/| Official Website}}
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}}

'''Antrix Corporation Limited''' ([[ISO 15919]]: {{transl|hi|Ēnṭriks}}) is an Indian government-owned company under the administrative control of the [[Department of Space]]. It was incorporated in September 1992 commercially exploiting space products of [[ISRO]], providing technical consultancy services and transferring technologies to industry.<ref>{{cite web |title=Antrix Corporation Limited |url=https://www.isro.gov.in/about-isro/antrix-corporation-limited |website=isro.gov.in |publisher=ISRO |access-date=12 August 2019}}</ref>{{update inline|date=October 2020}}

== History ==
Antrix Corporation was incorporated as a [[private limited company]] owned by the Indian government on 28 September 1992.
Its objective is to promote the ISRO's products, services and technologies.<ref name="AntrixISRO">{{cite web|url=http://articles.timesofindia.indiatimes.com/2011-02-09/india/28547101_1_isro-eads-astrium-antrix-corporation|archive-url=https://archive.today/20130426170804/http://articles.timesofindia.indiatimes.com/2011-02-09/india/28547101_1_isro-eads-astrium-antrix-corporation|url-status=dead|archive-date=26 April 2013|work=[[The Times of India]]|title=Antrix responsible for marketing ISRO tech|access-date=24 February 2013}}</ref><ref name="AntrixNewChief">{{cite news|url=http://www.thehindubusinessline.com/industry-and-economy/isros-commercial-arm-antrix-gets-new-chief/article2214210.ece|title=ISRO's commercial arm Antrix gets new chief|date=9 June 2011|newspaper=The Hindu|access-date=24 February 2013}}</ref> The company is a [[Public Sector Undertaking]] (PSU), wholly owned by the [[Government of India]]. It is administered by the [[Department of Space]] (DoS).<ref>{{cite web|url=http://www.antrix.gov.in/about-us|title=About Us|website=Antrix|access-date=3 June 2016|archive-url=https://web.archive.org/web/20160604053849/http://www.antrix.gov.in/about-us|archive-date=4 June 2016|url-status=dead}}</ref>

It had dealings with [[EADS Astrium Ltd|EADS Astrium]],<ref>{{Cite news|url=https://economictimes.indiatimes.com/successful-launch-for-isro-eads-astrium-built-satellite/articleshow/3869985.cms|title=Successful launch for ISRO-EADS Astrium built satellite|date=2008-12-21|work=The Economic Times|access-date=2018-01-24}}</ref> [[Intelsat]], Avanti Group, WorldSpace, [[Inmarsat]], and other space institutions in Europe, Middle East and South East Asia.<ref name="AntrixISRO" />

It was awarded '[[Miniratna]]' status by the government in 2008<ref name="AntrixISRO" /> and achieved a turnover of Rs. 18&nbsp;billion in 2014–15.

==Achievements==
*Successful launch of [[W2M]] satellite for Eutelsat.<ref>{{Cite web|url=http://www.frontline.in/static/html/fl2409/stories/20070518003003100.htm|title=In launch business|website=www.frontline.in|access-date=2018-01-24}}</ref>
* Successful supply of reliable satellite systems and sub-systems. Some of ''Antrix'''s better known customers are [[Hughes Communications|Hughes]], [[Matra Marconi]], [[World Space]] etc.
* Successful Commercial Satellite Launches of SPOT 687 (France), Pathfinder & Dove (U.S), Tecsar (Israel) [[Kitsat]] ([[Korea]]), [[Tubsat]] ([[German Aerospace Center|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 [[Polar Satellite Launch Vehicle#PSLV flight C23|launch of five satellites]], including French [[SPOT (satellite)|SPOT 7]] satellite on 30 June 2014
* UK based satellite launch [[UK-DMC 3]] on 10 July 2015.<ref>http://www.dnaindia.com/scitech/report-isro-launches-five-british-satellites-india-s-heaviest-commercial-launch-ever-2103531</ref>

== 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.<ref>http://isro.gov.in/scripts/news-6-2-14.aspx</ref> 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.<ref name="Antrix to launch">{{cite web | url=http://www.thehindu.com/todays-paper/isro-to-launch-canadian-satellite/article6472308.ece | title=Antrix to launch Canadian Satellite | access-date=5 October 2014}}</ref>

== Satellite launches ==
{{main|List of foreign satellites launched by India}}
{{As of|January 2018}} ISRO has launched 209 foreign satellites for 23 different countries.<ref>{{cite web|title=International Customer Satellites Launched|url=http://www.antrix.gov.in/business/international-customer-satellites-launched|website=www.antrix.gov.in|access-date=25 April 2016|archive-url=https://web.archive.org/web/20160425094629/http://www.antrix.gov.in/business/international-customer-satellites-launched|archive-date=25 April 2016|url-status=dead}}</ref><ref>{{cite web|title=International Customer Satellites Launched|url=http://www.antrix.gov.in/business/international-customer-satellites-launched|publisher=antrix.gov.in|access-date=25 April 2016|archive-url=https://web.archive.org/web/20160425094629/http://www.antrix.gov.in/business/international-customer-satellites-launched|archive-date=25 April 2016|url-status=dead}}</ref> 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&nbsp;million.<ref>{{cite web|title=India says PSLV launches generated $101&nbsp;million in commercial launch fees 2013-2015 |url=http://spacenews.com/indias-government-says-pslv-launches-generated-101-million-in-commercial-launch-fees-2013-2015/|publisher=SpaceNews.com|access-date=25 April 2016|language=en-US}}</ref>

Antrix launched 239 satellites between 2016 and 2019 earning a total revenue of {{INRConvert|6289|c}}.<ref>{{cite web |title=ISRO's commercial arm launched 239 satellites in last 3 years, earned ₹6,289 crore: Govt |url=https://www.thehindu.com/news/national/isros-commercial-arm-launched-239-satellites-in-last-3-years-earned-6289-crore-govt/article28698093.ece |website=The Hindu |access-date=25 July 2019 |language=en-IN |date=24 July 2019}}</ref><ref>{{cite web |last1=Narasimhan |first1=T. E. |title=Isro's commercial arm Antrix Corp clocked Rs 6,289 cr in last three years |url=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 |website=Business Standard India |access-date=25 July 2019 |date=24 July 2019}}</ref>

==Controversies==

===S-band spectrum scam===
{{further|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 {{INRConvert|14|b}}, a huge amount lower than market price, to be paid over a period of 12 years.<ref name="Thakur, Pradeep">{{cite news | url=http://timesofindia.indiatimes.com/india/Another-spectrum-scam-hits-govt-this-time-from-ISRO/articleshow/7445139.cms | title=Another spectrum scam hits govt, this time from ISRO | work=The Times of India | date=8 February 2011 | access-date=6 February 2015 | author=Thakur, Pradeep | location=New Delhi}}</ref><ref name="Behind the S-band spectrum scandal">{{cite news | url=http://www.thehindu.com/opinion/editorial/behind-the-sband-spectrum-scandal/article1200374.ece | title=Behind the S-band spectrum scandal | work=The Hindu | date=28 September 2011 | access-date=6 February 2015}}</ref> Devas shares were sold at a premium of {{INRConvert|1226000}}, taking the accumulated share premium to {{INRConvert|5.78|b}}, thus getting a high profit. In July 2008, Devas offloaded 17% of its stake to German company [[Deutsche Telekom]] for US$75&nbsp;million, and by 2010 had 17 investors, including former ISRO scientists.<ref name="Thakur, Pradeep" /><ref>{{Cite web|title = The story of a Rs 4,400 crore fiasco at ISRO|url = http://indianexpress.com/article/explained/antrix-devas-the-story-of-a-rs-4400-cr-fiasco-at-isro/|website = The Indian Express|date = 8 October 2015|access-date = 13 December 2015}}</ref>

In late 2009, some ISRO insiders exposed information about the Devas-Antrix deal,<ref name="Behind the S-band spectrum scandal" /><ref>[http://newsroom24x7.com/2015/03/20/2862/antrix-devas-news-lalit-shastri/#main The Asian Age]</ref> 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&nbsp;billion and US$1&nbsp;billion, respectively, in damages.<ref>{{cite web | url=http://www.newindianexpress.com/nation/Antrix-Devas-and-the-second-generation-scam/2013/08/22/article1745659.ece | title=Antrix Devas and the second generation scam | work=The New Indian Express | date=22 August 2013 | access-date=6 February 2015 | author=Jethmalani, Ram | location=New Delhi}}</ref> 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 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 [[Antrim Fortress Royal Engineers|Antrix]] Corporation Limited /ISRO/Department of Space.<ref>{{cite news|title=CBI registers case in the huge Antrix-Devas scam|url=http://newsroom24x7.com/2015/03/18/cbi-registers-case-in-the-huge-antrix-devas-scam/|access-date=16 May 2015|publisher=Newsroom24x7.com}}</ref><ref>[http://newsroom24x7.com/2015/03/20/antrix-devas-agreement-national-security-and-cbi/ Newsroom24x7]</ref>

==References==
{{reflist|30em}}

==External links==
* {{Official website|http://www.antrix.gov.in}}

{{Indian space programme}}
{{Public sector space agencies}}
{{Public Sector Undertakings in India}}
{{authority control}}

[[Category:Space programme of India]]
[[Category:Commercial launch service providers]]
[[Category:Government-owned companies of India]]
[[Category:Companies based in Bangalore]]
[[Category:Indian Space Research Organisation]]
[[Category:Indian companies established in 1992]]
[[Category:1992 establishments in Karnataka]]

[[mr:अंतरिक्ष]]