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Rediff.com
Indian news and entertainment website From Wikipedia, the free encyclopedia
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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]
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History
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]
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Infibeam Avenues Limited's era
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]
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