Antrix expects 15% rise in turnover

Antrix Corporation Limited, the commercial arm of the Indian Space Research Organisation (Isro), said it was expecting around 15 per cent growth in turnover as more countries were using Isro’s infrastructure and expertise to launch satellites.

V S Hegde, chairman and managing director, Antrix Corporation, said in 2012-13 the corporation clocked a revenue of Rs 1,300-crore and expects about 15 per cent growth in 2014-15.

He added, Spot 7 for France, its a 712 kg weighing advanced Earth observation satellite and four other small co-passengers.

Contracts have been signed to launch large satellites for France, Germany and the UK.

Antrix Corporation is a wholly owned Government of India Company under the administrative control of the Department of Space, Government of India. Incorporated as a private limited company in September 1992, it has been a Marketing arm of Isro for promotion and commercial exploitation of space products, technical consultancy services and transfer of technologies developed by ISRO. Another major objective of the company is to facilitate development of space related industrial capabilities in India.

As the commercial and marketing arm of Indian Space Research Organisation (ISRO), Antrix is engaged in providing Space products and services to international customers worldwide. It provides end to end solution for any of the space products, ranging from supply of hardware and software including simple subsystems to a complex spacecraft, for varied applications covering communications, earth observation, scientific missions and space related service including remote sensing data series, transponders lease service; launch services through the operational launch vehicles (PSLV and GSLV), Mission support services along with consultancy and training services are also offered by Antrix, according to the company officials.