Space Incubatrics Technologies Limited (SITL), established on June 29, 2016, focuses on developing data communications services, incubation facilities, and offering training and added value services in app development. Following a sanctioned Composite Scheme of Arrangement by the NCLT, Allahabad on February 22, 2018, which became effective on March 03, 2018, SITL expanded its investment portfolio, integrating assets from Sybly Industries Limited and gaining M/s Sybly International FZE, Sharjah (UAE) as a subsidiary.
SITL is involved in software imports and exports, prioritizing startup units within the software industry. The company is diversifying its operations to include activities in the textile sector and trading across various goods. This strategic shift allows SITL to leverage its expertise in technology while exploring new market opportunities in textiles and trading.
