Rediff.com
Rediff-logo.png
Rediff.png

Main page as of 24 July 2009

Type of businessPublic company

Type of site

Web portal
Available inEnglish
Founded1996; 25 years ago
HeadquartersMumbai, India
Key peopleAjit Balakrishnan, Chairman and CEO
IndustryInternet
Revenue481 million (2019)[1]
Net income26 million (2019)
Employees316 (Dec 2009)
URLwww.rediff.com
RegistrationOptional
LaunchedFebruary 8, 1997 (24 years ago)

Rediff.com is an Indian news, information, entertainment and shopping web portal. It was founded in 1996.[2][3] It is headquartered in Mumbai, with offices in Bangalore, New Delhi and New York City.[4]

As of 2009 it had more than 300 employees.[5] It is one of the earliest web portals and email providers in India. When its founder Ajit Balakrishnan launched Rediff on the NeT, the internet was barely five months old in the country, and had a total of about 18,000 users.[6]

History[edit]

The Rediff.com domain was registered in India in 1996.[7] Early products included the email service Rediffmail[8] and Rediff Shopping, an online marketplace selling electronics and peripherals.

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.[9] The case was resolved by settlement in 2009.[10]

In April 2001, Rediff.com acquired the India Abroad newspaper.[11]

In 2007, Rediff iShare, a multimedia platform, was released.[12] In 2010, Rediffmail NG was launched, an email service for mobile platforms.[13] In 2012, Rediff launched its Android App for Rediff News.[14][better source needed]

In April 2016, the company decided to delist from NASDAQ, citing the high cost of reporting requirements, given its financial condition.[15]

References[edit]

  1. ^ Annual Report 18-19 Rediff (PDF). Rediff.com. Retrieved 16 October 2019.
  2. ^ Rediff.Com reports Q1 results: India revenue up 42%. The Financial Express. 2 July 2008. Retrieved 16 July 2010.
  3. ^ About Rediff.com. RediffOnTheNet.com. Archived from the original on 18 January 2000. Retrieved 25 June 2019.
  4. ^ Rediff Launches All New Blogs Platform in 9 Languages (Press release). Rediff.com India Ltd. 1 December 2009. Archived from the original on 13 January 2010. Retrieved 25 June 2019 – via Business Wire India.
  5. ^ Investor FAQs. Rediff.com. Archived from the original on 23 July 2010. Retrieved 16 July 2010.
  6. ^ For Rediff boss, early success meant ignoring sceptics, self-learning tools. Hindustan Times. 13 August 2020. Retrieved 23 July 2021.
  7. ^ India completes 20 years of commercial internet. India Digital Review. Retrieved 15 March 2014.
  8. ^ Anubhuti (2 October 2010). Rediff records 15 percent growth in registered user base. Media Newsline. Retrieved 12 December 2010.
  9. ^ 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. 25 May 2001. Retrieved 17 July 2013.
  10. ^ Case Summary Rediff.com India Ltd. Securities Litigation. Stanford Law School. Retrieved 8 November 2018.
  11. ^ Pioneering publisher Gopal Raju passes away. India Abroad. 1 April 2008. Retrieved 4 May 2008.
  12. ^ Mehra, Priyanka (1 July 2007). Now share videos, music on Rediffs iShare. Mint. Retrieved 17 November 2014.
  13. ^ Mobile email service from Rediff.com. The Hindu. 2 October 2010. Archived from the original on 28 October 2010. Retrieved 25 June 2019.
  14. ^ Rediff News Android App. Rediff.com. Retrieved 14 September 2012 – via Google Play.
  15. ^ Rediff.com Informs Nasdaq Of Intent To Withdraw American Depository Shares From Listing And Registration. Rediff India Limited. PR Newswire. 27 April 2016. Retrieved 7 May 2019.

External links[edit]

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