July 21, 2017 1:22 AM ET

Specialty Retail

Company Overview of Spice Retail Limited

Company Overview

Spice Retail Limited retails mobile phones and other technology products. The company was formerly known as Hotspot Retails Ltd. The company was incorporated in 1988 and is based in Baddi, India. Spice Retail Ltd. operates as a subsidiary of Spice Mobility Limited.

Village Billanwali Labana

Post Office - Baddi

Tehsil Nalagarh Baddi

Baddi,  173205

India

Founded in 1988

Key Executives for Spice Retail Limited

Spice Retail Limited does not have any Key Executives recorded.

Spice Retail Limited Key Developments

Jumbo Electronics Seeks To Exit India

Jumbo Electronics Company Limited (LLC) seeks to exit India. Jumbo Electronics Company Limited (LLC), Dubai’s largest consumer electronics retailer, has decided to exit India due to mounting losses, and is in talks with Hotspot, the cellphone retail chain Spice Retail Limited of Spice Mobility Limited, to sell off its assets. Jumbo, which has already informed its 145-odd staff in India to look for a change, will move out by March 2017 this year, shutting its 16 stores. A team from Dubai is undertaking the closure procedure. An email sent to Jumbo Group in Dubai did not elicit any response. Hotspot’s Director Subhasish Mohanty confirmed that the group had initiated talks with Jumbo and was keen to acquire the stores with its fixtures.

Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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