Antrix Corporation Limited

Antrix is the original commercial arm of ISRO, incorporated in 1992 to market ISRO launch services, satellite transponder capacity, remote-sensing imagery, and mission-support services to internationa

spaceindia-oemOperationalTier A
Country: IN

Last verified:

At a Glance

Headquarters
Bengaluru, Karnataka, India (ISRO HQ campus)
Type
Company (listed)
Founded
September 1992 (incorporated as the commercial and marketing arm of ISRO)
India entity
null
Listed
Not listed — wholly owned Government of India CPSE under Department of Space
Key India role
Antrix is the original commercial arm of ISRO, incorporated in 1992 to market ISRO launch services, satellite transponder capacity, remote-sensing imagery, and mission-support services to internationa
indicators
[]
key specs
[]

What It Is

Antrix is the original commercial arm of ISRO, incorporated in 1992 to market ISRO launch services, satellite transponder capacity, remote-sensing imagery, and mission-support services to international customers. It has enabled launches for satellites belonging to multiple countries (Israel TecSAR, Algeria AlSat, European SPOT series, etc.) and earned ~₹1,790 Cr revenue in 2015-16 through launch of commercial satellites and data products. From 2019 onward, Antrix's commercial launch-services mandate has been progressively transferred to NewSpace India Limited (NSIL), the new DOS PSU. Antrix is best known internationally for the Devas-Antrix S-band controversy: a fraudulent 2005 agreement to lease S-band spectrum to Devas Multimedia, annulled by Government of India in 2011; ICC arbitration (2015) ordered Antrix to pay $562.5M+interest to Devas (later set aside by Supreme Court of India in 2022 on grounds of fraud; upheld by US Supreme Court Jun 2025).

Sources: [1][2][3][4][5]

Deployments & Procurement

2 documented India deployment(s)/procurement(s).

AgencyContextYearQuantity / NoteSources
International customers (multiple)Commercial launch services — 319 customer satellites from 33 countries launched onboard PSLV (through Antrix, by Jun 2019). Revenue ~₹1,790 Cr in 2015-161999-2019319 satellites / 33 countries[1][2][3]
Devas Multimedia (controversial; annulled)Antrix-Devas S-band agreement (Jan 2005); annulled by GoI Feb 2011 on grounds of fraud. ICC arbitration 2015 awarded Devas $562.5M+interest. India Supreme Court (Jan 17, 2022) set aside award citing fraud and ordered Devas winding up. US Supreme Court (Jun 5, 2025) upheld Indian SC judgment2005-2025n/a (annulled contract)[1][2][3]

Import Dependencies

Not analysed in this dossier.

Intelligence Assessment

Methodology: /research/methodology/

India footprint
Documented/5

11 sources with India-specific evidence.

Sources: [1][2][3][4]

Indigenous content
Not disclosed/5

Indigenous percentage not publicly verified.

Sources: [1][2][3]

Operational status
Operational/5

Based on latest public sources as of 2026-08-30.

Sources: [1][2][3]

Source quality
High/5

6 official, 4 credible sources.

Sources: [1][2][3]

FAQ

When was Antrix Corporation incorporated?

Antrix is the original commercial arm of ISRO, incorporated in 1992 to market ISRO launch services, satellite transponder capacity, remote-sensing imagery, and mission-support services to international customers.

Sources: [1][2][3]

What is the relationship between Antrix and NSIL?

From 2019 onward, Antrix's commercial launch-services mandate has been progressively transferred to NewSpace India Limited (NSIL), the new DOS PSU.

Sources: [1][2][3]

What was the Devas-Antrix deal and how was it resolved?

Antrix is best known internationally for the Devas-Antrix S-band controversy: a fraudulent 2005 agreement to lease S-band spectrum to Devas Multimedia, annulled by Government of India in 2011; ICC arbitration (2015) ordered Antrix to pay $562.5M+interest to Devas (later set aside by Supreme Court of India in 2022 on grounds of fraud; upheld by US Supreme Court Jun 2025).

Sources: [1][2][3]

How many international satellites has Antrix launched onboard PSLV?

Antrix is the original commercial arm of ISRO, incorporated in 1992 to market ISRO launch services, satellite transponder capacity, remote-sensing imagery, and mission-support services to international customers.

Sources: [1][2][3]

What did the Supreme Court of India rule in the Devas v. Antrix case in January 2022?

Antrix is best known internationally for the Devas-Antrix S-band controversy: a fraudulent 2005 agreement to lease S-band spectrum to Devas Multimedia, annulled by Government of India in 2011; ICC arbitration (2015) ordered Antrix to pay $562.5M+interest to Devas (later set aside by Supreme Court of India in 2022 on grounds of fraud; upheld by US Supreme Court Jun 2025).

Sources: [1][2][3]

Sources

  1. src-01Indicative
    https://www.antrix.co.in
    Antrix Official·accessed 2026-08-30

    Domain root only; demoted to indicative per Atlas source-quality rule.

  2. src-02Official
    https://www.antrix.co.in/launch-service
    Antrix·accessed 2026-08-30
  3. src-03Official
    https://www.antrix.co.in/company-profile
    Antrix·accessed 2026-08-30
  4. src-04Official
    https://www.isro.gov.in/ANTRIX.html
    ISRO·accessed 2026-08-30
  5. src-05Credible
    https://en.wikipedia.org/wiki/Antrix_Corporation
    Wikipedia·accessed 2026-08-30
  6. src-06Official
    https://www.pib.gov.in/newsite/PrintRelease.aspx?relid=175312
    PIB India·accessed 2026-08-30
  7. src-07Official
    https://jusmundi.com/fr/document/decision/en-devas-multimedia-private-limited-v-antrix-corporation-limited-judgment-of-the-supreme-court-of-india-monday-17th-january-2022
    Jus Mundi·Jan 17, 2022·accessed 2026-08-30
  8. src-08Official
    https://supreme.justia.com/cases/federal/us/605/23-1201
    Justia (US Supreme Court)·Jun 5, 2025·accessed 2026-08-30
  9. src-09Credible
    https://nujs.edu/casl/devas-antrix-deal-when-will-the-ghosts-of-fraud-be-exorcised-from-the-aviation-sector
    NUJS Kolkata·Mar 18, 2022·accessed 2026-08-30
  10. src-10Credible
    https://www.deccanchronicle.com/business/companies/270916/antrix-corporation-has-orders-worth-rs-280-crore-to-launch-commercial-satellites.html
    Deccan Chronicle·Sep 27, 2016·accessed 2026-08-30
  11. src-11Credible
    https://www.thehindu.com/business/Industry/Antrix%E2%80%99s-major-revenues-will-come-from-satcom-business/article16723417.ece
    The Hindu·Nov 29, 2016·accessed 2026-08-30

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