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| Type | Public, Listed on BSE |
|---|---|
| Founded | 1997 |
| Headquarters | Mohali, India |
| Key people | Dilip Modi |
| Industry | Telecom |
| Revenue |  INR 14,738,840,000.00 [1] |
| Website | Spice Telecom |
Spice Telecom is the brand name of Spice Communications Limited, a mobile phone service provider in India. Spice Telecom is currently operating in the states of Punjab (India) and Karnataka i.e., in 2 circles of 23 Telecom Circles of India. Spice Communications Limited was promoted by Dilip Modi of Modi Wellvest Private Limited, which owns 40.80% of the company. Mod is promoted by Mr. Dilip Modi and Super Infosys. Telekom Malaysia Berhad owns 39.20% through TMI India Limited, Mauritius. TMI India Limited is a wholly owned subsidiary of TM's international investment holding company TM International Sdn Bhd (TMI).[2]
Spice Telecom is a flagship company of MCorp Global (www.mcorpglobal.com) a cellular mobile telephone services provider in India[citation needed].
Launched over ten years ago, Spice’s cellular services have a customer base of over 4 million as on December 2008 in Punjab and Karnataka.
Recently Aditya Birla Group owned Idea Cellular took over the ownership of Spice Telecom for over Rs.270 million. They plan to improve the coverage, customer friendliness and good service
The market share of Spice had fallen down in Karnataka, after their competitors weaned away many of its customers with good service. In spite of lower tariffs Spice could not regain the market share. Now it is hoped that Idea would change it all
Now Spice Telecom have a customer base of 4.4 Million subscribers in both circles.
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