 | |
| Type of business | Public |
|---|---|
Type of site | Web portal |
| Available in | English |
| Founded | January 1996; 29 years ago (1996-01) |
| 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 (28 years ago) (1997-02-08) |
| Current status | Active |
Rediff.com, stylized asrediff.com, is an Indian news, information, entertainment, andshopping website. Founded byAjit Balakrishnan in 1996, it was the first Indian website to become a mainstream news media organization.[4][5] It is headquartered inMumbai with offices inBengaluru,New Delhi, andNew 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 Indianweb portals andemail providers.[8]
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.[11]
In 2001, Rediff.com was alleged to be in violation of theSecurities Act of 1933 for filing a materially falseprospectus in relation to anIPO of itsAmerican depositary shares.[12] The case was resolved by settlement in 2009.[13]
In April 2001, Rediff.com acquired theIndia Abroad newspaper.[14]
In 2007, Rediff iShare, a multimedia platform, was released.[15] In 2010, Rediffmail NG was launched, an email service for mobile platforms.[16] In 2012, Rediff launched its Android App for Rediff News.[17]
In April 2016, the company decided to delist fromNASDAQ, citing the high cost of reporting requirements, given its financial condition.[18]
In 2024, Rediff.com became a subsidiary ofInfibeam Avenues, which acquired a 54.1 per cent stake in Rediff.com India Ltd.[19] Infibeam founder Vishal Mehta became Rediff's new Chairman and Managing Director, succeedingAjit Balakrishnan, who had led the company since its founding in 1996.[2]
