Magnesite is an economically important mineral commonly found in ultramafic complexes worldwide, primarily in Archean to Proterozoic ultramafic complexes. This study focuses on the chemical and spectral characterization of magnesite found in the Neoarchean ultramafic rocks in the Attappadi region in the Southern Granulite Terrane of southern India. The research utilizes x‐ray diffraction analysis, hyperspectral, laser Raman, Fourier Transform Infrared, and Isotope Ratio Mass Spectrometry. The studied ultramafic rocks are part of a well‐exposed ophiolitic suite known as the Agali ophiolitic complex. Magnesite primarily occurs as veins, veinlets, and lenses within weathered ultramafic rocks. The hyperspectral analysis of the magnesite samples shows absorption bands in the shortwave infrared region, particularly around 2.3 and 2.5 μm, which correspond to the stretching and bending of the CO bond in the (CO3)2− ion in MgCO3. The laser Raman spectra show intensity peaks at 1095, 738, and 330 cm−1, which may be attributed to the translational and librational vibrations. The Fourier transform infrared data reveal transmittance at 1434, 880, and 747 cm−1, corresponding to MgO bond stretching and asymmetrical CO stretching. The x‐ray powder diffraction spectra exhibit diffraction peaks at 32°, 35°, 42°, 46° and 53°, characteristic of pure magnesite. The spectroscopic parameters derived from various analyses indicate that the magnesite is high quality and free from gangue minerals. Stable isotope analysis of the magnesite samples yielded δ13C values ranging from −5‰ to −9‰ and δ18O values in the range of 21‰–25‰. The estimated water temperature from which the magnesite has been precipitated is ~59 ± 3.9°C. Based on the field relations, mode of occurrence and isotopic signatures, the mineralization is considered to have been formed by the low‐temperature alteration of ultramafic rocks facilitated by CO2‐rich fluids in the near‐surface environment. This study compares the characteristics of magnesite from the study area with a few Neoproterozoic serpentinite‐hosted magnesite veins in the ophiolitic sequence of the Egyptian Eastern Desert, which is part of the Arabian Nubian shield. The research aims to contribute to understanding magnesite formation in Archaean to Proterozoic mafic–ultramafic rocks on the Earth's crust. It also provides insights into the geological processes that govern the genesis of ultramafic‐hosted magnesite globally, particularly in East Gondwana fragments. This information can enhance mineral exploration and resource evaluation in these regions, helping to identify economic prospects and assess the feasibility of magnesite resource extraction and utilization in East Gondwana fragments.