Rediff.com

Rediff.com, stylized as rediff.com, is an Indian news, information, entertainment and shopping web portal. It was founded in 1996[2][3] and was the first Indian website to become a mainstream new media company. Rediff.com is headquartered out of Mumbai with offices in Bangalore, New Delhi and New York City.

Not to be confused with Rediffusion or Reddit.
Rediff.com India Limited
Main page as of 24 July 2009
Type of businessPublic
Type of site
Web portal
Available inEnglish
Founded1996 (1996)
HeadquartersMumbai, India
Key peopleAjit Balakrishnan
(Chairman & CEO)
IndustryInternet
Revenue₹37.2 crores (2021)[1]
Net income₹80 lakh (2021)
Employees316 (Dec 2009)
URLwww.rediff.com
CommercialYes
RegistrationOptional
LaunchedFebruary 8, 1997 (1997-02-08)
Current statusActive

As of 2009, it had more than 300 employees.[4] 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.[5]

History

The Rediff.com domain was registered in India in 1996.[6] Early products included the email service Rediffmail[7] 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.[8] The case was resolved by settlement in 2009.[9]

In April 2001, Rediff.com acquired the India Abroad newspaper.[10]

In 2007, Rediff iShare, a multimedia platform, was released.[11] In 2010, Rediffmail NG was launched, an email service for mobile platforms.[12] In 2012, Rediff launched its Android App for Rediff News.[13]

In April 2016, the company decided to delist from NASDAQ, citing the high cost of reporting requirements, given its financial condition.[14]

References
  1. "Annual Report 2020-21 Rediff" (PDF). Rediff.com. Retrieved 2 March 2023.
  2. "Rediff.Com reports Q1 results: India revenue up 42%". The Financial Express. 2 July 2008. Retrieved 16 July 2010.
  3. 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.
  4. "Investor FAQs". Rediff.com. Archived from the original on 23 July 2010. Retrieved 16 July 2010.
  5. "For Rediff boss, early success meant ignoring sceptics, self-learning tools". Hindustan Times. 13 August 2020. Retrieved 23 July 2021.
  6. "India completes 20 years of commercial internet". India Digital Review. Retrieved 15 March 2014.
  7. Anubhuti (2 October 2010). "Rediff records 15 percent growth in registered user base". Media Newsline. Retrieved 12 December 2010.
  8. "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.
  9. "Case Summary Rediff.com India Ltd. Securities Litigation". Stanford Law School. Retrieved 8 November 2018.
  10. "Pioneering publisher Gopal Raju passes away". India Abroad. 1 April 2008. Retrieved 4 May 2008.
  11. Mehra, Priyanka (1 July 2007). "Now share videos, music on Rediff's iShare". Mint. Retrieved 17 November 2014.
  12. "Mobile email service from Rediff.com". The Hindu. 2 October 2010. Archived from the original on 28 October 2010. Retrieved 25 June 2019.
  13. "Rediff News app for Android OS launched". Tech2. 18 September 2012. Retrieved 2 March 2023.
  14. Chathurvedula, Sadhana (28 April 2016). "Rediff.com delists its shares on Nasdaq". mint. Retrieved 2 March 2023.

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