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.[2][3] Rediff.com is headquartered in Mumbai with offices in Bangalore, New Delhi, and New York City.[citation needed]
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Main page as of 24 July 2009
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| Type of business | Public |
|---|---|
Type of site | Web portal |
| Available in | English |
| Founded | January 1996; 28 years ago (1996-01) |
| Headquarters | Mumbai, India |
| Key people | Ajit Balakrishnan (Chairman & CEO) |
| Industry | Internet |
| Revenue | ₹37.2 crores (2021)[1] |
| Net income | ₹80 lakh (2021) |
| Employees | 316 (Dec 2009) |
| URL | rediff |
| Commercial | Yes |
| Registration | Optional |
| Launched | February 8, 1997 (27 years ago) (1997-02-08) |
| Current status | Active |
As of 2009[update], it had more than 300 employees.[4] 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.[5]
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.[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.[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]
