NSIL

What NSIL does

NewSpace India Limited (NSIL) is the commercial arm of the Indian Space Research Organisation (ISRO), incorporated in March 2019 as a wholly-owned Central Public Sector Enterprise under India's Department of Space. The company is mandated to commercially exploit India's space programme technology stack and to scale up domestic high-technology manufacturing for space-related activities. NSIL offers an end-to-end portfolio spanning launch services (PSLV, SSLV, GSLV-Mk-II, and LVM3 vehicles with payload classes from 500 kg smallsats to 10-tonne class heavy-lift), satellite communication services operating a fleet of 11 INSAT/GSAT satellites providing approximately 10,000 MHz of transponder capacity in C, Ku, Ka, and S bands, earth observation data services for sub-5m GSD products, mission support services including LEOP, TTC, and in-orbit testing via ISRO's ISTRAC infrastructure, satellite building and subsystems across I-1K to I-6K platforms, ground infrastructure solutions, and a technology transfer program that has moved 100+ ISRO-developed technologies to Indian industry.

Revenue is generated through transaction-based launch service fees (both dedicated missions and ride-sharing), recurring transponder capacity subscriptions, one-time satellite build/delivery contracts, licensing royalties from technology transfer, professional service fees for mission support, and data monetization for EO products. NSIL serves a customer base spanning 33+ countries and four primary segments: communication and broadcasting service providers, international and domestic satellite operators, the Indian space industry, and government/mission operators. Notable customers include OneWeb (72 satellites across two LVM3 missions), AST SpaceMobile (BlueBird Block-2 at 6,100 kg on LVM3-M6), ESA (PROBA-3), MEASAT, Viasat, and major Indian DTH/VSAT operators. The company operates from a registered office at ISRO HQ Campus in Bengaluru and a corporate office at Brigade Rubix, Yeswanthpur, with a new international-facing office opened at GIFT City, Gandhinagar in February 2026. Strategic international partnerships include long-term agreements with Arianespace and MoUs with Viasat for small GEO satellite development and with MEASAT for DTH/broadcasting capacity distribution.

Name

NSIL

Legal name

NewSpace India Limited

Website

https://nsilindia.co.in

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

NSIL (NewSpace India Limited) is the commercial arm of ISRO, offering launch services on PSLV, SSLV, GSLV-Mk-II, and LVM3 vehicles, satellite communication capacity across an 11-satellite INSAT/GSAT fleet, satellite building, mission support, EO data, and technology transfer to Indian industry and global customers across 33+ countries.

Ownership category

akta.pro rank

Product category

Space Launch and Satellite Services

NAICS

Satellite Telecommunications (5174), Guided Missile and Space Vehicle Manufacturing (336414)

SIC

Guided Missiles & Space Vehicles & Parts (3760), Communications Services, Nec (4899)

akta.pro primary industry

Satellite Network Operations & Capacity Services (NOC, Capacity Leasing, Managed Payload Services) (HDAIAJAI)

akta.pro secondary industry

Enterprise Satellite Connectivity & Managed Services (VSAT, SD-WAN over Satcom) (HDAIAJAB)

Keywords

• Satellite launch services
• Satellite communication services
• Spacecraft manufacturing
• Mission support services
• Space technology transfer

Headquarters

HQ city

Bengaluru

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Launch Services: Providing launch services for customer satellites on PSLV, SSLV, GSLV-Mk-II, and LVM3. Offers both dedicated missions and ride-sharing opportunities. Till date, 124 international and 3 Indian customer satellites have been launched.
2. Satellite Communication Capacity: Providing transponder capacity in C, Ku, Ka, and S bands on INSAT/GSAT fleet for SATCOM-based broadcasting and telecom services including DTH, TV, DSNG, VSAT. Owns and operates 11 communication satellites.
3. Satellite Building: Building satellites and satellite subsystems for communication, earth observation, and meteorology applications. Configures, builds, and delivers satellites leveraging ISRO infrastructure and Indian industry capabilities.
4. Technology Transfer: Transferring ISRO-developed technologies to Indian industries. Over 100 technologies transferred to various companies including navigation sensors, communication systems, materials, and manufacturing processes.
5. Mission Support Services: Providing mission operations and support services including TTC support, LEOP operations, In Orbit Testing, and satellite health monitoring through ISRO's state-of-the-art facilities.
6. Remote Sensing Data and Services: Exclusive EO data disseminator for Indian Remote Sensing data finer than 5m GSD. Provides consultancy remote sensing application projects, EO data and value-added products, and training courses through IIRS.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

NSIL (NewSpace India Limited) is the commercial arm of ISRO, providing end-to-end space solutions including satellite launch services on PSLV, SSLV, GSLV-Mk-II, and LVM3 vehicles; satellite-based services such as transponder capacity (C, Ku, Ka, S bands) from a fleet of 11 INSAT/GSAT communication satellites, remote sensing data dissemination, and mission support (LEOP, TTC, IOT). It also builds satellites and subsystems, supplies payload separation systems, delivers ground infrastructure, and facilitates technology transfer of ISRO-developed technologies to Indian industry.

Product overview

NSIL (NewSpace India Limited) is India's commercial space company and the commercial arm of ISRO, offering a comprehensive portfolio of space-related products and services. The company provides end-to-end space solutions through three main categories: (1) Launch Vehicles - PSLV, SSLV, GSLV-Mk-II, and LVM-3 for launching satellites from 500kg to 4t class payloads; (2) Satellite Services - operating India's largest satellite fleet of 11 communication satellites providing transponder capacity in C/Ku/Ka bands, remote sensing data services, mission support operations (LEOP, TTC, IOT), and satellite building/AIT services; (3) Ground Systems - ground infrastructure solutions and payload separation systems. The company also manages technology transfer from ISRO to Indian industries. All launches are conducted from ISRO's Satish Dhawan Space Centre (SDSC-SHAR) at Sriharikota.

Differentiator

Problem solved

Functional benefit

Products and services

• PSLV (Polar Satellite Launch Vehicle) Launch Services Third-generation Indian launch vehicle and ISRO workhorse offering commercial launch services into LEO, SSO, Sub-GTO, and GTO orbits for international and domestic customer satellites. Capable of launching up to 1,750 kg payload to SSPO. NSIL is the nodal agency for PSLV production through Indian industry under consortium route.
• SSLV (Small Satellite Launch Vehicle) Launch Services Launch-on-demand small satellite launch service delivering up to 500 kg satellite mass into 500 km LEO orbit using a 3-stage all-solid vehicle with minimum launch infrastructure requirements and reduced turnaround time. Designed for the emerging global small satellite launch service market.
• GSLV-Mk-II Launch Services Fourth-generation launch vehicle with an indigenously developed cryogenic upper stage, providing commercial launch services for 2t class communication satellites to Geosynchronous Transfer Orbit.
• LVM3 Heavy-Lift Launch Services Heavy-lift commercial launch service capable of carrying 4t class satellites to GTO and approximately 10t to LEO. Three-stage vehicle with 5m heat shield providing improved payload accommodation volume for commercial constellation and large satellite customers.
• Satellite Communication (Satcom) Services Commercial satellite capacity service providing transponder capacity in C, Ext C, Ku, Ka, and S bands on NSIL's fleet of 11 INSAT/GSAT communication satellites for SATCOM-based broadcasting and telecom services including DTH, TV distribution, DSNG, VSAT, mobile satellite services, and IFMC. Approximately 10,000 MHz of capacity deployed over the Indian sub-continent.
• Remote Sensing Data Services Exclusive dissemination of Indian Remote Sensing data finer than 5m GSD, along with consultancy remote sensing application projects, EO data and value-added products, and training courses delivered through IIRS.
• Mission Support Services Comprehensive mission operations and support service for customer satellites, including Transfer Orbit Support Services (TOSS), LEOP mission operations, Telemetry Tracking and Command (TTC), In Orbit Testing (IOT), and In Orbit Support. Delivered via ISRO's ISTRAC facility across S, C, UHF, Ka, Ku, and VHF frequency bands.
• Satellite Building and Subsystems Satellite configuration, building, and delivery service for communication, earth observation, and meteorology applications. Includes ISRO satellite platforms (I-1K, I-2K, I-3K, I-4K, I-6K), the IMS small-satellite bus, satellite subsystems, and Assembly, Integration and Testing (AIT) services through ISRO facilities.
• Ground Infrastructure for Space-Based Needs Turnkey solution for designing, engineering, procurement, installation, commissioning, operationalization, hosting, and maintenance of satellite earth stations, TTC stations, and support systems including UPS, environmental control, safety systems, and integrated monitoring.
• Technology Transfer Program Licensed transfer of ISRO-developed technologies to Indian industries covering navigation sensors, communication equipment, RF systems, materials, processes, and satellite subsystems. Over 100 technologies transferred to date across navigation sensors, communication equipment, materials, and manufacturing processes.
• Payload Separation Systems Range of spacecraft separation systems including INLS CubeSat dispensers (1U, 2U, 3U), IWL150 (10 kg class), IBL230/298 (35-150 kg class), and 937IF/1194IF clamp band systems (up to 4,000 kg class). Proven flight heritage on PSLV and GSLV missions.
• Satellite Preparation and Launch Facilities Access to India's Satish Dhawan Space Centre (SDSC-SHAR) at Sriharikota, including a 100,000-class clean room with temperature (20-22°C) and humidity (50±5% RH) control for spacecraft integration, two launch complexes (First and Second Launch Pad), and satellite integration facilities (SP1B, SP2B, SP3).

Quantifiable outcome

• 124 international and 3 Indian customer satellites launched successfully
• +4 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

13 partnerships are on record, tiered core and flagship.

• Galaxeye SpacecoreChannel Partner/ Reseller/ Distributor · 12 February 2026NSIL signed reseller agreement with GalaxEye for reselling their satellite data and value-added solutions. This commercial agreement marks NSIL's first commercial activity from its new GIFT City office, enabling GalaxEye to reach broader markets through NSIL's distribution network.
• VIASATflagshipStrategic or Co-development Partner · 9 October 2024MoU signed to address high-bandwidth connectivity for India and international markets through potential development of small GEO stationary satellites.
• MEASATcoreChannel Partner/ Reseller/ Distributor · 27 September 2024Continued partnership to provide satellite capacity for DTH and broadcasting sectors in India, serving existing customer base.
• Space Machines CompanycoreStrategic or Co-development Partner · 26 June 2024Dedicated Launch Service Agreement signed for Optimus spacecraft launch onboard Small Satellite Launch Vehicle (SSLV).
• ARIANESPACEflagshipStrategic or Co-development Partner · 30 January 2024Long-term partnership agreement signed to support satellite launch missions, marking significant international collaboration in space launch services.
• IN-SPACe (Indian National Space Promotion and Authorization Centre)flagshipStrategic or Co-development Partner · 29 January 2024Joint technology transfer agreement with ICON Design Automation for Digital ASIC for IDU of SATCOM Terminal technology, in coordination with NSIL.
• Galaxeye SpacecoreStrategic or Co-development PartnerNSIL provides LEOP (Launch and Early Orbit Phase) and TTC (Telemetry, Tracking, and Command) support to GalaxEye for their Drishti satellite mission through ISRO's ISTRAC facility.
• Dhuruva SpacecoreStrategic or Co-development PartnerMoU signed for space technology collaboration, following NSIL's transfer of IMS-1 Satellite Bus Technology to Dhruva Space.
• KELTRON (Kerala State Electronics Development Corporation Ltd.)coreStrategic or Co-development PartnerMoU for technology transfer and handholding in space-related technologies, including Distress Alert Transmitter-Second Generation (DAT-SG) and Two-way MSS terminal.
• Hindustan Aeronautics Limited (HAL)coreOEM/ Whitelabel/ Licensing PartnerSSLV (Small Satellite Launch Vehicle) technology transferred to HAL for manufacturing through Indian Industry.
• Zetatek Technologies Pvt. Ltd.coreTechnology or IntegrationTechnology transfer recipient for ISRO Navigation Sensors including Laser Gyroscope (ILG) and Ceramic Servo Accelerometer (CSA) technologies developed by ISRO Inertial Systems Unit (IISU).
• ISRO (Indian Space Research Organisation)flagshipTechnology or IntegrationNSIL is the commercial arm of ISRO with access to all ISRO technology, infrastructure, and expertise for commercial space business activities.
• ISRO Telemetry, Tracking and Command Network (ISTRAC)flagshipTechnology or IntegrationISRO center responsible for mission operations and satellite tracking, providing LEOP and TTC support services to NSIL customers.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Regional players

• MEASAT: MEASAT is a Malaysian satellite operator focused on DTH, video distribution and connectivity across Southeast Asia and India. It is an existing NSIL partner for DTH capacity and is a regional satellite services peer operating in overlapping geographics and customer segments.

Direct peers

• Arianespace: Arianespace is the French/European commercial launch services arm of ESA and CNES, operating Ariane 6, Vega-C and Soyuz-at-Baikonur. Its structure as a state-affiliated commercial launcher packaging government-developed rockets and offering satellite services is the closest structural analog to NSIL as ISRO's commercial arm.
• SES: SES is a Luxembourg-based global satellite operator providing video, data and connectivity services across C, Ku, Ka and HTS fleets. It directly compares to NSIL's INSAT/GSAT transponder leasing business and has overlapping customers including MEASAT and Viasat in the Indian broadcast and connectivity markets.
• Rocket Lab: Rocket Lab is a publicly listed US/New Zealand launch and space systems company operating the Electron smallsat launcher and developing the Neutron medium-lift vehicle. It is the primary commercial competitor to NSIL's SSLV in the smallsat segment and also competes in spacecraft/space systems, mirroring NSIL's combined launch + satellite building business.
• Intelsat: Intelsat operates a global C- and Ku-band satellite fleet delivering media, network and government connectivity. Its transponder and managed service business is structurally comparable to NSIL's satellite communications capacity revenue across DTH, VSAT, broadcasting and DSNG applications.
• China Great Wall Industry Corporation (CGWIC): CGWIC is the commercial subsidiary of China Aerospace Science and Technology Corporation (CASC) and provides commercial launch services on Long March vehicles, satellite in-orbit delivery, and space technology cooperation. It is the most directly comparable state-owned commercial space arm to NSIL, operating in a parallel geopolitical ecosystem.

Broad incumbents

• Mitsubishi Heavy Industries: Mitsubishi Heavy Industries operates the H-IIA and H3 launch vehicles on behalf of JAXA and offers commercial launch services alongside its broader aerospace and industrial portfolio. It is a comparable state-affiliated commercial launcher with similar missions to PSLV/SSLV in the Asian and global markets.
• United Launch Alliance (ULA): ULA is a US joint venture of Boeing and Lockheed Martin providing government and commercial launch services via Atlas V, Vulcan and Delta IV Heavy. As a broad incumbent that combines state-affiliated contracts and commercial missions, ULA is a useful comparable for NSIL's mix of ISRO/government and commercial commercial launch activity.
• SpaceX: SpaceX is the dominant private commercial launch provider (Falcon 9, Falcon Heavy, Starship) and operates the Starlink LEO constellation. It competes with NSIL across heavy lift (AST SpaceMobile LEO), smallsat rideshare, and increasingly global satcom — and is the principal competitive benchmark for both launch and satellite services.

Others

• Antrix Corporation Limited: Antrix is the earlier commercial arm of India's Department of Space that historically handled ISRO's commercial marketing. Following NSIL's 2019 incorporation, Antrix now operates alongside NSIL with a different mandate, making it the most direct legacy/predecessor peer within the Indian ecosystem.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/newspace-india-limited-nsil

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NSIL