Loop Mobile, is an 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’s full profile here.
About the 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 that offers multiple choice of networks to its subscriber while roaming across India.
- About the Loop Mobile
| Company Name | Loop Mobile India Ltd |
| Founder | Sandip Basu |
| Founded | 1994 |
| End Services | 2014(November 24) |
| Official Website | www.loopmobile.in(Not Working) |
| Head Office | Mumbai, India |
| Current Address | Mahim, Mumbai, Maharashtra, India |
- Company Logo
- Details of the owner of Loop Mobile(Wiki)
The Khaitan Holdings Group purchased a 99% stake in the company at a cost of ₹700 crores (equivalent to ₹17 billion or US$260 million in 2016) in 2005. A Chennai-based Information Technology Company, Zeesta IT Services MD Hemanth Raj, was 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
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 were available. Many VAS features were also provided. The company made the rebranding from BPL to Loop mobiles after 22 years of service.
In a letter dated September 30, Trai asked Loop Mobile to inform the date of the 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 a waiver on the period till October 31st to rectify.
In June 2014, the company made an agreement with Airtel to sell all its assets for Rs. 700 crores. The company license expired in November 2014. To re-establish the company, spectrum had to buy brought afresh. In 2014, Loop mobiles owe Rs 808 crores to the Department of Telecom(DoT).
Later Bharti Airtel dropped the plan of buying the Loop mobiles.
CBI had probed Loop Mobiles for violations in foreign exchange and also on the scam of the 2G spectrum. In 2011, the company was issued notices by the Telecom Regulatory Authority of India (TRAI) for violation of Mobile number portability (MNP) Regulations.
People are also searching for the loop mobile 4g services, SIM card, customer or service care Number, and contact details, But now the company has closed all facilities on the market. When the phone company is providing services to customers, that time price of products was very cheap.