Rediff.com
 | |
| Type of business | Public |
|---|---|
Type of site | Web portal |
| Available in | English |
| Founded | January 1996 |
| Headquarters | Mumbai, India |
| Owner | Infibeam Avenues Limited (since October 2024)[1] |
| Key people | Vishal Mehta (Chairman & MD)[2] |
| Industry | Internet |
| Revenue | ₹36 crores (FY23-24)[3] |
| Net income | ₹80 lakh (2021) |
| Employees | 316 (Dec 2009) |
| URL | rediff |
| Commercial | Yes |
| Registration | Optional |
| Launched | February 8, 1997 |
| Current status | Active |
Rediff.com, stylized as rediff.com, is an Indian news, information, entertainment, and shopping website. Founded by Ajit Balakrishnan in 1996, it was the first Indian website to become a mainstream news media organization.[4][5] It is headquartered in Mumbai with offices in Bangalore, New Delhi, and New York City.[6]
As of 2009[update], it had more than 300 employees.[7] At the time of its founding, internet access had only been available in India for five months with a mere 18,000 users, leaving Rediff.com as one of the earliest Indian web portals and email providers.[8]
History
[edit]The Rediff.com domain was registered in India in 1996.[9] Early products included the email service Rediffmail[10] and Rediff Shopping, an online marketplace selling electronics and peripherals.[citation needed]
In 2001, Rediff.com was alleged to be in violation of the Securities Act of 1933 for filing a materially false prospectus in relation to an IPO of its American depositary shares.[11] The case was resolved by settlement in 2009.[12]
In April 2001, Rediff.com acquired the India Abroad newspaper.[13]
In 2007, Rediff iShare, a multimedia platform, was released.[14] In 2010, Rediffmail NG was launched, an email service for mobile platforms.[15] In 2012, Rediff launched its Android App for Rediff News.[16]
In April 2016, the company decided to delist from NASDAQ, citing the high cost of reporting requirements, given its financial condition.[17]
Infibeam Avenues Limited’s era
[edit]In 2024, Rediff.com became a subsidiary of Infibeam Avenues, which acquired a 54.1 per cent stake in Rediff.com India Ltd.[18] Infibeam founder Vishal Mehta became Rediff’s new Chairman and Managing Director, succeeding Ajit Balakrishnan, who had led the company since its founding in 1996.[2]
See also
[edit]
References
[edit]- ^ Singh, Navdeep (2 August 2024). "Infibeam Avenues acquires majority stake in Rediff.com, shares jump over 8%". The Economic Times.
- ^ a b "Infibeam founder Vishal Mehta becomes Rediff's new Chairman and Managing Director". Business Today. 4 October 2024.
- ^ "Rediff.com Appoints Vishal Mehta as Chairman and MD Following Infibeam Acquisition". Entrepreneur. 3 October 2024.
- ^ "Rediff.Com reports Q1 results: India revenue up 42%". The Financial Express. 2 July 2008. Retrieved 16 July 2010.
- ^ Chopra, Rohit (15 December 2019). "How Rediff On The NeT first created a template for the Hindu Right online in the 1990s". ThePrint. Retrieved 2 March 2023.
- ^ www.ETHRWorld.com. "Rediff.com appoints Vishal Mehta as Chairman and Managing Director - ETHRWorld". ETHRWorld.com. Retrieved 3 December 2024.
- ^ "Investor FAQs". Rediff.com. Archived from the original on 23 July 2010. Retrieved 16 July 2010.
- ^ "For Rediff boss, early success meant ignoring sceptics, self-learning tools". Hindustan Times. 13 August 2020. Retrieved 23 July 2021.
- ^ "India completes 20 years of commercial internet". India Digital Review. Retrieved 15 March 2014.
- ^ Anubhuti (2 October 2010). "Rediff records 15 percent growth in registered user base". Media Newsline. Retrieved 12 December 2010.
- ^ "Cauley Geller Bowman & Coates, LLP Announces Class Action Lawsuit Against Rediff.com India Ltd. Seeking Damages on Behalf of Purchasers of Rediff American Depository Shares – REDF". GlobeNewswire (Press release). 25 May 2001. Retrieved 17 July 2013.
- ^ "Case Summary Rediff.com India Ltd. Securities Litigation". Stanford Law School. Retrieved 8 November 2018.
- ^ "Pioneering publisher Gopal Raju passes away". India Abroad. 1 April 2008. Retrieved 4 May 2008.
- ^ Mehra, Priyanka (1 July 2007). "Now share videos, music on Rediff's iShare". Mint. Retrieved 17 November 2014.
- ^ "Mobile email service from Rediff.com". The Hindu. 2 October 2010. Archived from the original on 28 October 2010. Retrieved 25 June 2019.
- ^ "Rediff News app for Android OS launched". Tech2. 18 September 2012. Retrieved 2 March 2023.
- ^ Chathurvedula, Sadhana (28 April 2016). "Rediff.com delists its shares on Nasdaq". mint. Retrieved 2 March 2023.
- ^ "Infibeam Avenues acquires 54.1% stake in Rediff.com for ₹50 crore". BusinessLine. 2 August 2024.
External links
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