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.[citation needed]
 | |
 Main page as of 24 July 2009 | |
| Type of business | Public |
|---|---|
Type of site | Web portal |
| Available in | English |
| Founded | 1996 |
| 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 |
| Current status | Active |
As of 2009[update], 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.[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]
