Who is the owner of Loop Mobile | wiki

What Is Loop Mobile
 Loop Mobile, Indian telecommunications Company. Know about the owner of Loop mobile and Company information. Loop Mobile, earlier known as BPL Mobile came into existence in 1995. An Indian mobile network company. Also know who was the CEO, MD and Founder full profile here.

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  • About the owner of Loop Mobile

Owner of Loop Mobile

BPL mobiles or India’s first mobile network came into existence in 1994. But commercially was available from 1995. Loop Mobile operates mainly in Mumbai, with 3 million happy and satisfied subscribers. The company had consistently met and exceeded TRAI benchmarks. Loop Mobile is the only operator offers multiple choice of network to its subscriber while roaming across India.

  • About the Loop Mobile

Some Information About The Company / Company Wiki

Company NameLoop Mobile India Ltd
Founder Sandip Basu
Founded 1994
End Services2014(November 29)
Official Websitewww.loopmobile.in(Not Working)
Head OfficeMumbai, India
Current AddressMahim, Mumbai, Maharashtra, India

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  • Company Logo

Company Official Logo
Who is the owner of Loop mobile India - Wiki and Logo

Who is the owner of Loop mobile India – Wiki and Logo

  • Details of the owner of Loop Mobile(Wiki)

Full Information about the owner of Loop Mobile
Sandip Basu, MD & CEO,owner of Loop Mobile India - Wiki and profile

Sandip Basu, MD & CEO Loop Mobile India

The Khaitan Holdings Group purchased a 99% stake in the company at a cost of ₹700 crore (equivalent to ₹17 billion or US$260 million in 2016) in 2005. A Chennai-based Information Technology Company, Zeesta IT Services MD Hemanth Raj, evaluated to acquire, however, the deal did not materialize.

The Essar group-owned company’s agreement with the Bangalore-based BPL group for using the brand was being renewed on a yearly basis.

Sanjeev Chachondia was the director and CEO of Loop Mobile (India). After Sanjeev Chachondia Sandip Basu taked the position of MD and CEO.

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  • Details of the Company

Full Information about the Loop Mobile Limited

Loop mobiles, a defuncted network provider in India. They provided mobile network products and services to individuals and business places in India. Both Postpaid and Prepaid plans where available. Many VAS features were also provided.  The company made the rebranding from BPL to Loop mobiles after 22 years of services.

In a letter dated September 30, Trai asked Loop Mobile to inform the date of closure of its services in Mumbai to all subscribers either in writing or by sending an SMS or e-mail within 10 days. But the company has requested for a waive on the period till October 31st to rectify.

In June 2014, the company made an agreement with Airtel to sell all its assets fro Rs. 700 crores.  Company license expired by November of 2014. To reestablish the company, spectrum had to buy brought afresh. During 2014, Loop mobiles owe Rs 808 crores to Department of Telecom(DoT).

Who is the owner of Loop mobile India - Wiki and Logo

Airtel dropped the plan of buying

Later Bharti Airtel dropped the plan of buying the Loop mobiles.

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CBI had probed on Loop Mobiles for violations in foreign exchange and also on the scam of the 2G spectrum.  During 2011, the company issued notices by Telecom Regulatory Authority of India (TRAI) for violation of Mobile number portability (MNP) Regulations.

Peoples are also searching for the loop mobile 4g services, SIM card, customer or service care Number and contact details, But now the company is closed all facilitiesonm the market. When the phone company is providing services to customers, that time price of products was very cheap.

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