Spacenet Enterprises India Ltd.
NNSE:SPCENET3.34
INR
+0.09
(+2.77%)
ISIN
INE970N01027
Return %
Stock
S&P 500
1Y
-66.63
14.20
3Y
-87.56
81.12
5Y
59.05
68.34
Capital Structure
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in mil. unless spec.Working Capital
INR
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Dasigi Venkata Surya Prakash Rao
- Full Time Employees
- 16
- Sector
- Commercial services
- Industry
- Advertising/Marketing services
- Address
- Plot No.114, Survey No.66/2 Hyderabad TS India 500008
- IPO Date
- Nov 12, 2013
- Website
- spacenetent.com
- Similar Companies
- Business
- Spacenet Enterprises India Limited is a global fintech company specializing in trade and trade finance solutions that empower traders, small and medium enterprises (SMEs), micro, small and medium enterprises (MSMEs), and trade channels. The company develops software tools and platforms focused on commodities trading, including gold, agricultural products, and other goods, alongside providing services in trade finance, FinTech, and trade technology sectors. Its product offerings include commodity trading software; trade finance services; global sourcing and supply of exotic fruits such as mangoes, oranges, cherries, and mandarins primarily from South Africa; and the import and distribution of agricultural and finished goods. Spacenet operates primarily in India and engages in international trade sourcing activities. Founded in 2010 and headquartered in Hyderabad, India, the company also encompasses subsidiaries and strategic partnerships that bolster its footprint in FinTech and commodity import-export markets. In recent developments, Spacenet has entered a joint venture with Modern Fuel Technologies, a Russian company, to execute Liquefied Natural Gas (LNG) projects across India. This partnership targets a phased rollout of LNG gas stations and fuel retail outlets nationwide to support India's clean energy transition. Spacenet holds a 15-25% stake in this venture, financed by a major Russian bank, positioning the company in the growing LNG infrastructure sector. Additionally, Spacenet announced a merger with Chennai-based Pathfinder Enterprise Solution Pvt Ltd through an equity swap deal, where Pathfinder will assume majority ownership at 75%, and Spacenet will retain a 25% stake. This merger aims to establish the combined entity as a leader in AI-driven retail solutions under the RetailGPT ecosystem, focusing on rapid expansion and technological innovation. Further, Spacenet’s board approved raising ₹100 crore through a preferential issue to invest in emerging technology sectors including FinTech, neo-banking, artificial intelligence, proptech, and GameFi, signaling a strategic commitment to diversifying into new-age technologies. Spacenet operates within the fintech, trade finance, commodity trade, and technology sectors, targeting traders, SMEs, MSMEs, and retail channels, with geographic operations focused primarily on India but with global sourcing activities. The company leverages its technology platforms to bridge trade finance gaps, while also expanding its presence into energy infrastructure and AI-driven retail technology markets. The firm remains listed on the NSE under the ticker SPCENET.NS. Its strategic initiatives and recent partnerships reflect an evolving business model aimed at integrating fintech with sustainable energy and advanced technology sectors to drive growth and innovation. This description incorporates Spacenet’s main product and service lines and highlights its recent significant strategic changes, including joint ventures, mergers, and capital raising for new technology investments.