New Delhi: SpiceCorp Ltd, a new economy enterprise and part of MCorp, has announced the appointment of Dilip Modi as the new chairman of SpiceCorp at the board meeting held in New Delhi.

Modi previously as the CEO has been responsible for consolidating a leadership for SpiceCorp in the cellular industry. With this move, SpiceCorp has brought in a proven leader and endeavours to re-enforce its leadership in the telecommunication and information technology arena.

Veena Modi, who quit as the chairman of SpiceCorp, has taken over as executive vice-chairman, MCorp.

Under the leadership of Dilip Modi, SpiceCorp has evolved as a highly dynamic, yet focused organisation, vigorous in the creation and development of new businesses and effective governance of existing ones. He has been immensely successful in building Spice into one of the most valuable and enduring brands.

With this strategic development, Modi as the chairman of SpiceCorp will be responsible for commissioning strategic decisions and drive growth and vision of the enterprise to reiterate its premium image as the business leader.

Says Modi: "I feel delighted and proud to take over my new responsibility at SpiceCorp. This provides me an opportunity to re-enforce the vision of SpiceCorp as the frontrunner in the business of telecommunications and IT. Post our launch of First Cellular network in India, we have established SpiceCorp as a significant player in the express converging arena of telecom, information and communication.

"SpiceCorp has demonstrated a pioneering and daring attitude in bringing new initiatives and technologies to India. One such initiative has been the formation of the biggest-ever national alliance of cellular operators, Mobile First, which offers home network services to the subscribers across all roaming circles. Also, we have been a zero borrowing company with sufficient financial and technology muscle to move forward.

"I strongly believe that we at SpiceCorp along with our eminent board of professionals with extensive intellect and experience will aspire to accomplish the vision of SpiceCorp in not only sustaining itself as a pioneering corporate but also create new benchmarks in the IT and telecommunication space."

SpiceCorp is a over-Rs 200-crore net worth company having subsidiaries with a turnover of over Rs 1,000 crore. It focuses on businesses that create value through knowledge and global connectivity. Telecommunications, IT and the Internet form the strategic thrust areas of SpiceCorp and it focuses on businesses such as telecommunications and comprehensive IT solutions.

The present SpiceCorp business portfolios are SpiceNet, Spice Systems, Spice Communications, Xerox and Cellebrum. Spice Communications, a part of SpiceCorp, operates under two significant cellular circles: Punjab and Karnataka.