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.
| Company type | Private |
|---|---|
| Industry | Conglomerate |
| Predecessor | Modi Corp MCorp Global Spice Corp |
| Founded | 1980 |
| Founder | Bhupendra Kumar Modi |
| Defunct | 2018 |
| Headquarters | , |
Area served | Worldwide |
Key people | Ozi Amanat (CIO) |
| Total assets | US$ 2 billion (2011) |
Number of employees | 10,000 |
| Website | Spice Global |
In 2014, the company's aggregated assets totalled US$2 billion with over 10,000 employees worldwide.
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.
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. 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.