B K Modi Group owned, Spice Televentures launched a new business venture, Mobisoc Technology Pvt Ltd. It would deliver internet enabled valued added services to the mobile users. The company would open IPO for listing the company after the recovery of normal market conditions.

The chairman of Spice Televentures, Mr Dilip Modi said that people prefer GPRS-enabled mobile phones and the new venture would offer assistance in value added services at economical rates. The company has set a target to capture 10 per cent market share by December 2009. It would also start a BPO operation by hiring 15000 people by the end of financial year.

Company’s flagship product, Mitr would provide services for various mobile applications such as Java, Symbian, Android, Windows Mobile and Blackberry.

Naukri.com, Jeevansathi.com, makeMytrip.com, FinancialExpress.com and Sulekha.com would also launch their application on Mobisoc platform. The owners of these websites expressed happiness to cooperate with Mobisoc as it would help them to expand their network through mobile phones.

A user can access mobile services from the company’s website or by sending SMS to 56300 in proper format.