Explanation:

All statements are incorrect.
NewSpace India Limited (NSIL)

• It's located in Bengaluru not in Hyderabad.
• It's under the administrative control of the Department of Space and is not under PMO (Prime Minister Office). 

The mission of NSIL is as follows:

• Owning satellites for Earth Observation and Communication applications and providing space-based services,
• Building satellites and launching them as per demand,
• Providing Launch Services for satellite belonging to customer,
• Building launch vehicles through Indian Industry and launch as per satellite customer requirement. 

Hence option 4th is correct.