Summary

Spice Mobility Ltd, a part of Spice Group, is a multi-faceted group with an exclusive telecom eco-system in India. The company is engaged in the Telecommunications-Mobile business and Information Technology business. Telecommunications-Mobiles segment represents the business of trading in mobile handsets and Information Technology business represents the business of manufacturing, trading, installation/erection and networking of computer hardware including maintenance and servicing thereof. Spice Mobility Ltd was incorporated on December 1986 with the name Modi Olivetti Ltd. The company was established to manufacture minicomputers and microprocessors based system in collaboration with Ing C Olivetti & C., S.p.A of Italy. In October 1989, the company came out with their maiden public issue to part-finance their project to manufacture and market mini computers / microprocessor-based systems at Rampur, Uttar Pradesh. In January 1, 1990, they commenced commercial production at their Rampur Plant. In April 23, 1999, the joint venture agreement with Ing C Olivetti & C., S.p.A. was terminated and the name of the company was changed from Modi Olivetti Ltd to MOL India Ltd with effect from August 23, 1999. In the year 2000, the name of the company was further changed from MOL India Ltd to Spice Net Ltd with effect from December 5, 2000.In March 24, 2004, the company acquired 50.11% shares in Graphtech India Ltd, an unlisted public limited company in the similar line of business.... Read More