Rediff.com

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Rediff.com
Rediff.com.Logo.gif
Rediff.png
Main page as of 24 July 2009
Type of business Public company
Type of site
Web Portal
Available in English
Founded 1996; 21 years ago (1996)
Headquarters Mumbai, India
Key people Ajit Balakrishnan, Chairman and CEO
Industry Internet Services
Revenue 729 million (2016)[1]
Net income -653 million (2016)
Employees 316 (Dec 2009)
Website rediff.com
Alexa rank Decrease 414 (October 2016) [2]
Registration Optional
Launched February 8, 1997 (20 years ago) (1997-02-08)

Rediff.com is an Indian news, information, entertainment and shopping web portal, founded in 1996[3] as "Rediff On The NeT".[4] It is headquartered in Mumbai, with offices in Bangalore, New Delhi and New York City.[5]

According to Alexa,[6] Rediff.com is the No. 24 Indian web portal.[7] It has more than 300 employees.[8] Most of the visitors to Rediff.com are from India, while the rest come primarily from the US and China.[9] In April 2001, Rediff.com acquired and began offering India Abroad.[10] As of February 2011, it ranked 295 on Alexa.[11] Rediff.com was the first[citation needed]website domain name registered in India in 1996.;[12] however according to the records of Network Solutions, the registrar of Rediff.com, the domain was registered in 1997.

In 2001, Rediff.com was alleged to be in violation of the Securities Act for filing materially false prospectus in relation to an IPO of its American depositary shares.[13]

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

History[edit]

  • Rediffmail – Web based and app-based e-mail which has around 95 million registered usernames.[15]
  • Rediff Shopping – An online and app-based marketplace, headquartered in Mumbai, India, selling mobile phones, shopping, apparel and accessories, valentine gifts and home utility and electronics.
  • Rediff News App – On 14 September 2012, Rediff launched its Android App for Rediff News.[16]
  • Rediff iShare – From 10 July 2007, Rediff users were able to upload their videos, music and pictures to the Rediff iShare multimedia platform.[17]

References[edit]

  1. ^ "Annual Report 31st March 2016" (PDF). Rediff.com. Rediff.com India Limited. Retrieved 4 March 2017. 
  2. ^ "Rediff.com Site Info". Alexa Internet. Retrieved 2016-10-12. 
  3. ^ "Rediff.Com reports Q1 results: India revenue up 42%". Financialexpress.com. 2008-07-24. Retrieved 2010-07-16. 
  4. ^ "Internet Archive Wayback Machine rediffonthenet.com". Archived from the original on 9 August 2000. Retrieved 15 October 2016. 
  5. ^ "Rediff.com India Ltd, Business Wire India, Press Releases, Hindi, Tamil, Telugu, Marathi, Bengali, Kannada, Gujarati, Malayal". Businesswireindia.com. 2009-12-14. Retrieved 2010-07-16. 
  6. ^ Alexa Ranking
  7. ^ "Top Sites in India". Alexa. Retrieved 2016-04-30. 
  8. ^ "REDF : Rediff.com India Limited FAQs". Investor.rediff.com. Retrieved 2010-07-16. 
  9. ^ At least 66 per cent of the visitors come from India
  10. ^ "Pioneering publisher Gopal Raju passes away". India Abroad. 2008-04-10. Retrieved 2008-05-04. 
  11. ^ "Rediff.com Site Info". Alexa.com. Retrieved 2014-03-15. 
  12. ^ "India completes 20 years of commercial internet". Indian Digitel Review. Retrieved 15 March 2014. 
  13. ^ "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". May 25, 2001. Retrieved Jul 17, 2013. 
  14. ^ "Announcement to delist". April 27, 2016. Retrieved March 4, 2017. 
  15. ^ "Rediff records 15 percent growth in registered user base". Medianewsline.com. Retrieved 2010-12-12. 
  16. ^ "Rediff News Android App". Rediff.com. Retrieved 2012-09-14. 
  17. ^ "Now share videos, music on Rediff's iShare". Livemint.com. 2007-07-10. Retrieved 2014-11-17. 

External links[edit]