April 27, 2018 3:30 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


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

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
Tax Management Inc United States
John F. Kennedy Center For The Performing Arts United States
NYC2012, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Spice Retail Limited, please visit --. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.