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Spice Global
Company type
Private
Industry
Conglomerate
Predecessor
Modi Corp MCorp Global Spice Corp
Founded
1980; 44 years ago (1980)
Founder
Bhupendra Kumar Modi
Defunct
2018; 6 years ago (2018)
Headquarters
Singapore
,
India
Area served
Worldwide
Key people
Ozi Amanat (CIO)[1]
Total assets
US$ 2 billion (2011)[2]
Number of employees
10,000
Website
Spice Global
DigiSpice (aka Spice Global) was an Indian conglomerate headquartered in Singapore. The company operates in the sectors of telecom, finance, entertainment and technology. They operate internationally in Los Angeles, New York, Kuala Lumpur, London, Dubai, Nepal, Bangladesh, Uganda, Tanzania, Zimbabwe, Sri Lanka and Shenzhen.
In 2014, the company's aggregated assets totalled US$2 billion with over 10,000 employees worldwide.[2]
Spice Global is planning to offer full-fledged banking service, with focus on smart banking, which is showing a 227% annual growth, to its customers. It has applied to the Reserve Bank of India (RBI) for a license. The company is already offering financial services through Wall Street Finance, which has 6,000 sub-agents across India, including Vijaya Bank, ICICI Bank and Kotak.[3]
In 2014 the company made an aggressive bid to acquire the American business magazine Forbes Media, from the Forbes family and the private equity group Elevation Partners. Ozi Amanat valued the company and acquisition at $300–$500m and quoted it as one of the world’s most brilliant brands.[4]
The bid for Forbes was short listed as the 3 top bidders for acquisition, beating Time Inc, Fox, Bloomberg, Warren Buffett and other major investors.
^Vikas SN (Jan 3, 2013). "Spice Global Appoints Ozi Amanat As Its Chief Investment Officer". Medianama.com. Retrieved 8 January 2013.
^ ab"Spice Retail acquires Global Access". The Hindu. January 22, 2010. Retrieved 8 January 2013.
^"Spice Global plans to approach RBI for bank licence". NDTV. PTI. 14 March 2013. Retrieved 23 August 2013.
^"Spice Global's BK Modi among top bidders for Forbes". The Economic Times. ET Bureau. 16 January 2014.
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Global Information
US$ 2 billion (2011)[2]