DigiSpice Technologies Limited was formerly incorporated as 'Spice Mobility Limited' on December 23, 1986. The Company's name was changed to 'DigiSpice Technologies Limited' from 'Spice Mobility Limited' w.e.f. August 08, 2019.
The Company is primarily engaged into the Information and Communication Technology business providing Value Added Services, and Mobile Content Services to the domestic/international Telecom Operators. Also, the Company undertakes development and sale of telecom related software.
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 March 24, 2004, the company acquired 50.11% shares in Graphtech India Ltd, an unlisted public limited company in the similar line of business. Thus, Graphtech India Ltd became a subsidiary company.
During the year 2004-05, the company their business avenues and diversified their activities to include Mobile Handsets business. For that, they established industrial undertaking at Baddi, Himachal Pradesh.
During the year 2005-06, the company divested their entire stake in their subsidiary Graphtech India Ltd. Thus, Graphtech India Ltd ceased t ...o be a subsidiary company.
During the year 2008-09, the company introduced 3G handsets and plants to introduce more handsets once the operators start the service. They also launched innovative products for CDMA customers. They started their operations in Nepal. Also, as a part their global strategy, they will shortly be expanding to other markets like Bangladesh & Africa.
During the year 2009-10, the Company commenced manufacturing of Mobile Handsets at the factory premises of the Company situated at Baddi, Himachal Pradesh. With this, the Company became the first Indian Mobile Phone brand to commence local manufacturing and tap a larger share of Mobile Handsets in India. Spice Televentures Private Limited (STPL) made an open offer to the equity shareholders of the Company, and post closure of the open offer by STPL and d acquisition of entire shareholding of other promoters, STPL held 63.25% of the paid up capital of the Company and consequently, became the Holding Company of the Company w.e.f. 11th July 2009.
The Scheme of Amalgamation entailing merger between Spice Televentures Pvt. Ltd.(the Holding Company) and DigiSpice Technologies Ltd (Earlier known Spice Mobility Limited) (the Company) was made effective from 1st January 2010, the Appointed Date. On becoming effective the Scheme of Amalgamation of STPL with Company, all the subsidiaries of STPL i.e. Spice Digital Limited (and its subsidiaries namely Mobisoc Technology Pvt Ltd., Spice Labs Pvt Ltd., Spice Mobile VAS Pte. Ltd., Spice VAS (Africa) Pte. Ltd., and Spice Digital Nigeria Ltd.), Spice Distribution Limited and Hindustan Retail Private Limited (and its subsidiaries namely Spice Retail Limited and Cellucom Retail India (P) Ltd.) became subsidiaries of the Company. Consequent to the merger, the Company launched smart phones and integrating business of Mobility offering Devices, Mobile VAS, Digital lifestyle, Retail and Mobile Internet Applications under one umbrella of S Mobility Limited in 2011.
Since then, the Company acquired 100% stake in Kimman Exports Pvt. Ltd. and incorporated a wholly owned subsidiary in the name of S Mobility (HK) Ltd. in Hongkong. The Company sold 90% stake in Spice Distribution Limited to Hindustan Retail Private Limited, another 100% subsidiary of the Company. Spice Digital Ltd., a subsidiary of the Company, acquired 100% stake in Beoworld Sdn. Bhd. through its subsidiary Spice Mobile VAS Pte. Ltd and 80% stake in Spice VAS Kenya Limited through Spice VAS Africa Pte. Ltd., a step down subsidiary of Spice Digital Limited. Spice VAS Africa Pte Limited incorporated Spice VAS Uganda Ltd. with 75% stake and Spice VAS Ghana Ltd. as 100% wholly owned subsidiary in 2011.
During year 2012, Spice Global Investments Private Limited transferred entire shareholding in the Company to wholly owned subsidiary Company 'S i2i Mobility Private Limited' and accordingly 'S i2i Mobility Private Limited' became the holding Company of Company. The Company incorporated a wholly owned subsidiary in the name of S Mobility Pte. Limited in Singapore. Spice VAS (Africa) Pte. Limited, a step down subsidiary of the Company, acquired Spice VAS Zambia Limited, Spice VAS Tanzania Limited and Spice Digital South Africa Pty Limited as its subsidiaries and accordingly these three Companies became step down subsidiaries of the Company. Hindustan Retail Private Limited, a Subsidiary of the Company, incorporated a wholly owned subsidiary in the name of S Retail Middle East FZE. Further, Hindustan Retail Private Limited acquired entire share capital of Spice Online Retail Private Limited and consequently this Company was made a step down subsidiary of Company. On 10th July, 2012 the Scheme of Amalgamation for merger of Spice Distribution Limited with Spice Retail Limited (both subsidiaries of the Company) was made effective from 31st July, 2012.
During the year 2012-13, Spice Digital Limited, a Subsidiary of the Company, subscribed for 100% equity (except one share) in Spice Digital Bangladesh Limited. Accordingly this Company became a step down subsidiary of the Company. The Mobile Handset business of the Company was transferred to Spice Retail Limited (SRL), a Wholly Owned Subsidiary of the Company, as a going concern w.e.f. 1st July, 2013 through slump sale during 2013-14.
Spice Digital Limited, a subsidiary of the Company, acquired 26% stake in Vavia Technologies Private Limited, 38.53% stake in Anytime Learning Private Limited and 26% stake in Creative Functionapps Labs Private Limited. Consequent to the said acquisitions,these companies became Associate Companies of Spice Digital Limited during 2014-15.
The Board of directors had approved the proposals received from Spice Retail Limited, a step down subsidiary company, and its subsidiary Cellucom Retail India Private Limited for the sale/ transfer of their Retail business and operations as a going concern by way of slump sale or otherwise to another subsidiary of the Company. Accordingly, the said businesses and operation were transferred as a going concern to Hotspot Sales & Solutions Private Limited, another subsidiary company, by way of slump sale effective from 1st June, 2016.
During the year 2015-16, S Mobile Devices Limited ceased to be a subsidiary of the Company consequent to a Joint Venture Agreement entered into among the Company, Itel Mobile Limited and Cloud Ranger Limited. Pursuant to the said JV Agreement, Itel Mobile Limited and Cloud Ranger Limited acquired 75% and 5% stake respectively in that company. Spice Digital Limited (SDL), a subsidiary of the Company, acquired 26% stake in Creative Functionapps Labs Private Limited and 22.54% stake in Sunstone Eduversity Private Limited. Consequent to the said acquisitions, these Companies became Associate Companies of SDL. Further, SDL acquired additional 0.01% stake in SpiceVAS (Africa) Pte. Limited, Singapore through one of its subsidiaries S GIC Pte Limited, Singapore taking its total stake to 69.63% in that Company.
During 2016-17, the Company incorporated Spice IOT Solutions Private Limited as a wholly owned subsidiary, transferred its entire stake in S Mobility Pte. Limited, a wholly owned foreign subsidiary to S Global Services Pte. Limited, Singapore, a step down foreign subsidiary of SDL. Consequent to the said transfer, S Mobility Pte. Limited, became a step down foreign subsidiary of the Company. Spice Digital Limited (SDL), a subsidiary of the Company, acquired additional 3.07% stake in Sunstone Learning Private Limited, an associate Company, taking its total stake to 41.61% in that Company. Further, SDL divested its entire stake in Vavia Technologies Private Limited and resultant the stake decreased to 14.18% in Sunstone Eduversity Private Limited. Consequently, both of them ceased to be associates of the Company. Spice Labs Private Limited, a step down subsidiary, made a strategic investment in Exponentially I Mobility LLP and became a partner with a profit sharing ratio of 28.47% in the said LLP. FZE had a subsidiary viz. S Retail General Trading LLC (LLC). Consequently, both FZE and LLC have ceased to be subsidiaries of the Company. Spice VAS (Africa) Pte. Limited (SVA), a step down foreign subsidiary of SDL acquired 100% stake in SVA (Mauritius) Private Limited and S Global Services Pte. Limited (SGS) incorporated Omnia Pte. Limited. Consequently, SVA (Mauritius) Private Limited and Omnia Pte. Limited became subsidiaries of the Company. SGS also incorporated a 100% subsidiary company i.e. Spice Digital FZCO in Dubai.
Omniventures Private Limited (OVPL) was a wholly owned subsidiary of the Company and had two subsidiaries namely Spice Online Private Limited (SOPL) and Hotspot Sales & Solutions Private Limited (HSSPL) through which the Retail Business was being operated. The Board of Directors in December, 2017 approved the sale of entire stake in OVPL and after obtaining the approval from the shareholders, the Company exited from Retail Business. Consequently, OVPL, SOPL and HSSPL ceased to be the subsidiaries of the Company.
During the year 2017-18, the Company acquired additional 10.78% stake in Spice Digital Limited (SDL), a subsidiary of the Company, taking its total stake to 99.98% in that Company. The entire stake in Kimaan Exports Private Limited (KEPL) was sold to SDL and resultant, KEPL became a step down subsidiary of the Company. SDL, a subsidiary of the Company, acquired the balance 0.10% stake in Mobisoc Technology Private Limited, making it a 100% subsidiary of SDL and also acquired 30% stake in Luharia Technologies Private Limited, which, subsequent to the closure of Financial Year was sold by it. Further, SDL divested its entire stake in Sunstone Eduversity Private Limited and Spice Labs Private Limited, a step down subsidiary of the Company, divested its entire stake in Exponentially I Mobility, a Limited Liability Partnership (LLP).
In 2018-19, through Comprehensive Scheme of Arrangement between Spice Mobility Limited (SML), Spice Digital Limited (SDL), Spice IOT Solutions Private Limited, Mobisoc Technology Private Limited and Spice Labs Private Limited and their respective Shareholders and Creditors, as approved by the Hon'ble National Company Law Tribunal, New Delhi, Principal Bench, the assets and liabilities of Digital Technology Services (DTS) Business of SDL and the amalgamating companies, Spice IOT Solutions Private Limited, Mobisoc Technology Private Limited and Spice Labs Private Limited were transferred to and vested with the Company effective from June 01, 2019. The implementation of the said Scheme resulted into consolidation of similar businesses into SML making it a Digital Technology Service Business Company. Consequently, two step down subsidiary companies, S Global Services Pte. Limited, Singapore (SGS) and Spice Digital Bangladesh Limited, which were earlier subsidiaries of SDL and associates of SDL, accordingly became direct subsidiaries/associates of the Company. After the implementation of the Scheme of Arrangement, the DTS Business of SDL was demerged into the Company, through which it launched digital initiatives under the 'DiGiSPICE' brand.
Through Scheme of Arrangement, Spice IOT Solutions Private Limited, the wholly owned Subsidiary Company of the Company & Mobisoc Technology Private Limited and Spice Labs Private Limited, the step down subsidiaries of Company through Spice Digital Limited (SDL), were amalgamated with Company. After allotment of shares to the shareholders of SDL as provided in the said Scheme, SDL became a wholly owned subsidiary of Company w.e.f. June 14, 2019. The Company incorporated Digispice Nepal Private Limited', a wholly owned subsidiary company in Nepal effective on January 21, 2019. Spice Digital Limited, a subsidiary of Company, divested its entire equity stake of 49% in Adgyde Solutions Private Limited (Adgyde). Consequently, Adgyde ceased to be a joint venture and associate of Spice Digital Limited. Consequent to issue of shares by Ziiki Media SA (Pty) Ltd (formerly known as Spice Digital South Africa (Pty) Limited), the stake of Spice VAS (Africa) Pte. Limited (SVA), the step down subsidiary of Company, in Ziiki has gone down to 49% and accordingly Ziiki ceased to be a subsidiary of SVA and has become an Associate. Spice VAS (Africa) Pte. Ltd. (SVA), a step down subsidiary of Company, transferred its 100% stake in SVA (Mauritius) Pvt. Limited (SVAM). Accordingly, SVAM has ceased to be a subsidiary of the Company.
Spice Money Limited (SML) issued and allotted 8,69,030 Class B Equity Shares of Rs. 10/- each (Approx. 2% of its share capital) and consequently SML ceased to be a wholly owned subsidiary in 2020-21. Digispice Ghana Limited, a step down subsidiary of the Company allotted additional 32,200 shares in Digispice Ghana Limited on 31st May, 2021. Consequent to above allotment Digispice Ghana Limited ceased to be a 100% subsidiary of Spice VAS (Africa) Pte. Ltd., another step down subsidiary of the Company. The Company along with its subsidiary Spice Money Limited acquired entire share capital of ETSPL. Consequently, ETSPL became a Subsidiary of the Company. The Company along with its material subsidiary, SML acquired 15,000 equity shares of E-Arth Travel Solutions Private Limited (ETSPL) in ratio of 2:1. Consequently, ETSPL became a Subsidiary of the Company with effect from 6th August, 2021.
In FY 2022-23, Hindustan Retail Private Limited (HRPL), a direct wholly owned subsidiary of the Company, acquired from New Spice Sales and Solutions Limited (NSSSL), a direct wholly owned subsidiary of HRPL, 100% equity stake in Cellucom Retail India Private Limited (CRPL). Consequent to above, CRPL became a direct wholly owned subsidiary of HRPL, and an indirect wholly owned subsidiary on the Company.
During FY 2023-24, entire investment of the Company in Hindustan Retail Private Limited (HRPL) was sold by Company. Consequently, HRPL along with its two subsidiaries viz. New Spice Sales and Solutions Limited and Cellucom Retail India Private Limited have ceased to be subsidiaries of the Company with effect from June 1, 2023.
Spice VAS Africa Limited (SVA), a wholly owned step down subsidiary of the Company transferred its entire shareholding in its wholly owned subsidiary, Spice VAS RDC SARLU (RDC), a company incorporated in Democratic Republic of Congo, whereby RDC ceased to be a subsidiary of the Company with effect from 16 February, 2024.
The Company shifted the business operations from Digital Technology Services (DTS) to financial technology services through its subsidiary, Spice Money Limited (SML) in FY 2025.
FAQs on DigiSpice Technologies Ltd
1. Can I buy DigiSpice Technologies Ltd from PL Capital? ›
Yes, you can invest in DigiSpice Technologies Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track DigiSpice Technologies Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade DigiSpice Technologies Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does DigiSpice Technologies Ltd pay dividends? ›
DigiSpice Technologies Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of DigiSpice Technologies Ltd ? ›
As of
18-Feb-2026 , 15:45:03 the share price for DigiSpice Technologies Ltd. is ₹ 19.38 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of DigiSpice Technologies Ltd ? ›
The 52-week high and low of DigiSpice Technologies Ltd share price is ₹ 17.09 - ₹ 35.5 as of
18-Feb-2026 , 15:45:03 .
