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| foundation      = {{start date and age|1996}}
| foundation      = {{start date and age|1996}}
| location        = [[Mumbai]], India
| location        = [[Mumbai]], India
| key_people      = [[Ajit Balakrishnan]], Chairman and CEO
| key_people      = [[Ajit Balakrishnan]]<br />{{small|(Chairman & CEO)}}
| industry        = [[Internet]]
| industry        = [[Internet]]
| revenue          = {{INR}}481&nbsp;million (2019)<ref>{{cite web | url=http://investor.rediff.com/investor/sites/default/files/2019-09/Annual_Report_18-19_Rediff_0.pdf | title=Annual Report 18-19 Rediff | publisher=Rediff.com| access-date=16 October 2019 }}</ref>
| revenue          = {{INR}}481&nbsp;million (2019)<ref>{{cite web | url=http://investor.rediff.com/investor/sites/default/files/2019-09/Annual_Report_18-19_Rediff_0.pdf | title=Annual Report 18-19 Rediff | publisher=Rediff.com| access-date=16 October 2019 }}</ref>
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| launch_date      = {{launch date and age|1997|2|8|p=y}}
| launch_date      = {{launch date and age|1997|2|8|p=y}}
}}
}}
'''Rediff.com''' is an Indian news, information, entertainment and [[shopping]] web portal. It was founded in 1996.<ref>{{cite news| url=http://www.financialexpress.com/news/rediff.com-reports-q1-results-india-revenue-up-42/339965/ |title=Rediff.Com reports Q1 results: India revenue up 42% |work=[[The Financial Express (India)|The Financial Express]] |date=2 July 2008|access-date=16 July 2010}}</ref><ref>{{cite web|url=http://rediffonthenet.com/about/index.html|title=About Rediff.com|website=RediffOnTheNet.com|access-date=25 June 2019|archive-url=https://web.archive.org/web/20000118122756/http://rediffonthenet.com/about/index.html|archive-date=18 January 2000}}</ref> It is headquartered in [[Mumbai]], with offices in [[Bangalore]], New Delhi and New York City.<ref>{{cite press release|url=http://www.businesswireindia.com/PressRelease.asp?b2mid=20976 |title=Rediff Launches All New Blogs Platform in 9 Languages |publisher=Rediff.com India Ltd|via=''Business Wire India''|date=1 December 2009|access-date=25 June 2019|archive-url=https://web.archive.org/web/20100113142032/http://www.businesswireindia.com/PressRelease.asp?b2mid=20976|archive-date=13 January 2010}}</ref>
'''Rediff.com''' (stylized as ''rediff.com'') is an Indian news, information, entertainment and [[shopping]] web portal. It was founded in 1996.<ref>{{cite news| url=http://www.financialexpress.com/news/rediff.com-reports-q1-results-india-revenue-up-42/339965/ |title=Rediff.Com reports Q1 results: India revenue up 42% |work=[[The Financial Express (India)|The Financial Express]] |date=2 July 2008|access-date=16 July 2010}}</ref><ref>{{cite web|url=http://rediffonthenet.com/about/index.html|title=About Rediff.com|website=RediffOnTheNet.com|access-date=25 June 2019|archive-url=https://web.archive.org/web/20000118122756/http://rediffonthenet.com/about/index.html|archive-date=18 January 2000}}</ref> It is headquartered in [[Mumbai]], with offices in [[Bangalore]], New Delhi and New York City.<ref>{{cite press release|url=http://www.businesswireindia.com/PressRelease.asp?b2mid=20976 |title=Rediff Launches All New Blogs Platform in 9 Languages |publisher=Rediff.com India Ltd|via=''Business Wire India''|date=1 December 2009|access-date=25 June 2019|archive-url=https://web.archive.org/web/20100113142032/http://www.businesswireindia.com/PressRelease.asp?b2mid=20976|archive-date=13 January 2010}}</ref>


As of 2009 it had more than 300 employees.<ref>{{cite web |url=http://investor.rediff.com/faq.asp |title=Investor FAQs |publisher=Rediff.com |access-date=16 July 2010 |archive-url=https://web.archive.org/web/20100723125017/http://investor.rediff.com/faq.asp |archive-date=23 July 2010 |url-status=dead  }}</ref>
As of 2009 it had more than 300 employees.<ref>{{cite web |url=http://investor.rediff.com/faq.asp |title=Investor FAQs |publisher=Rediff.com |access-date=16 July 2010 |archive-url=https://web.archive.org/web/20100723125017/http://investor.rediff.com/faq.asp |archive-date=23 July 2010 |url-status=dead  }}</ref> 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.<ref>{{Cite web|date=2020-08-13|title=For Rediff boss, early success meant ignoring sceptics, self-learning tools|url=https://www.hindustantimes.com/india-news/for-rediff-boss-early-success-meant-ignoring-sceptics-self-learning-tools/story-GKXgHtRAtKiaX1PedQUTxL.html|access-date=2021-07-23|website=Hindustan Times|language=en}}</ref>


== History ==
== History ==
The Rediff.com domain was registered in India in 1996.<ref name=IDR>{{cite web|title=India completes 20 years of commercial internet|url=http://www.indiadigitalreview.com/news/india-completes-15-years-of-commercial-internet|website=India Digital Review|access-date=15 March 2014}}</ref> Early products included the email service Rediffmail<ref>{{cite web|author=Anubhuti|url= http://www.medianewsline.com/news/122/ARTICLE/6876/2010-10-28.html |title=Rediff records 15 percent growth in registered user base |website=Media Newsline |date=2 October 2010|access-date=12 December 2010}}</ref>{{Better source|date=May 2019|reason=The source doesn't support the claim – it does not mention the Rediffmail service.}} and Rediff Shopping, an online marketplace selling electronics and peripherals.
The Rediff.com domain was registered in India in 1996.<ref name=IDR>{{cite web|title=India completes 20 years of commercial internet|url=http://www.indiadigitalreview.com/news/india-completes-15-years-of-commercial-internet|website=India Digital Review|access-date=15 March 2014}}</ref> Early products included the email service Rediffmail<ref>{{cite web|author=Anubhuti|url= http://www.medianewsline.com/news/122/ARTICLE/6876/2010-10-28.html |title=Rediff records 15 percent growth in registered user base |website=Media Newsline |date=2 October 2010|access-date=12 December 2010}}</ref> 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 (finance)|prospectus]] in relation to an [[IPO]] of its [[American depositary share]]s.<ref>{{cite web|url=http://globenewswire.com/news-release/2001/05/25/281272/17393/en/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.html|title=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|website=GlobeNewswire|date=25 May 2001|access-date=17 July 2013}}</ref> The case was resolved by settlement in 2009.<ref>{{cite web|url=http://securities.stanford.edu/filings-case.html?id=101787|title=Case Summary Rediff.com India Ltd. Securities Litigation|publisher=Stanford Law School|access-date=8 November 2018}}</ref>
In 2001, Rediff.com was alleged to be in violation of the [[Securities Act of 1933]] for filing a materially false [[Prospectus (finance)|prospectus]] in relation to an [[IPO]] of its [[American depositary share]]s.<ref>{{cite web|url=http://globenewswire.com/news-release/2001/05/25/281272/17393/en/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.html|title=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|website=GlobeNewswire|date=25 May 2001|access-date=17 July 2013}}</ref> The case was resolved by settlement in 2009.<ref>{{cite web|url=http://securities.stanford.edu/filings-case.html?id=101787|title=Case Summary Rediff.com India Ltd. Securities Litigation|publisher=Stanford Law School|access-date=8 November 2018}}</ref>
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In April 2001, Rediff.com acquired the ''[[India Abroad]]'' newspaper.<ref name="ia">{{cite news|url=http://www.rediff.com/news/2008/apr/10mrraju.htm|title=Pioneering publisher Gopal Raju passes away|date=1 April 2008|work=[[India Abroad]]|access-date=4 May 2008}}</ref>
In April 2001, Rediff.com acquired the ''[[India Abroad]]'' newspaper.<ref name="ia">{{cite news|url=http://www.rediff.com/news/2008/apr/10mrraju.htm|title=Pioneering publisher Gopal Raju passes away|date=1 April 2008|work=[[India Abroad]]|access-date=4 May 2008}}</ref>


In 2007, Rediff iShare, a multimedia platform, was released.<ref>{{cite news|url=http://www.livemint.com/Industry/LmTno8d9USWKV5ddqJW2sM/Now-share-videos-music-on-Rediffs-iShare.html|title= Now share videos, music on Rediff’s iShare |last=Mehra|first=Priyanka |work=[[Mint (newspaper)|Mint]]|date=1 July 2007|access-date=17 November 2014}}</ref> In 2010, Rediffmail NG was launched, an email service for mobile platforms.<ref>{{cite web|url=http://www.hindu.com/2010/10/21/stories/2010102151751800.htm |title=Mobile email service from Rediff.com |work=The Hindu |date=2 October 2010|access-date=25 June 2019|archive-url=https://web.archive.org/web/20101028223147/http://www.hindu.com/2010/10/21/stories/2010102151751800.htm|archive-date=28 October 2010}}</ref> In 2012, Rediff launched its Android App for Rediff News.<ref>{{cite web|url=https://play.google.com/store/apps/details?id=com.rediff.android.news |title= Rediff News Android App |publisher=Rediff.com |via=Google Play|access-date=14 September 2012}}</ref>{{Better source|date=May 2019|reason=The provided link goes to the Rediff app page on Google, but does not confirm the date on which the service was launched.}}
In 2007, Rediff iShare, a multimedia platform, was released.<ref>{{cite news|url=http://www.livemint.com/Industry/LmTno8d9USWKV5ddqJW2sM/Now-share-videos-music-on-Rediffs-iShare.html|title= Now share videos, music on Rediff’s iShare |last=Mehra|first=Priyanka |work=[[Mint (newspaper)|Mint]]|date=1 July 2007|access-date=17 November 2014}}</ref> In 2010, Rediffmail NG was launched, an email service for mobile platforms.<ref>{{cite web|url=http://www.hindu.com/2010/10/21/stories/2010102151751800.htm |title=Mobile email service from Rediff.com |date=2 October 2010|access-date=25 June 2019|url-status=dead |archive-url=https://web.archive.org/web/20101028223147/http://www.hindu.com/2010/10/21/stories/2010102151751800.htm|work=[[The Hindu]] |archive-date=28 October 2010}}</ref> In 2012, Rediff launched its Android App for Rediff News.<ref>{{cite web|url=https://play.google.com/store/apps/details?id=com.rediff.android.news |title= Rediff News Android App |publisher=Rediff.com |via=Google Play|access-date=14 September 2012}}</ref>{{Better source|date=May 2019|reason=The provided link goes to the Rediff app page on Google, but does not confirm the date on which the service was launched.}}


In April 2016, the company decided to delist from [[NASDAQ]], citing the high cost of reporting requirements, given its financial condition.<ref>{{Cite web|url=https://www.prnewswire.com/news-releases/rediffcom-informs-nasdaq-of-intent-to-withdraw-american-depository-shares-from-listing-and-registration-300258335.html|title=Rediff.com Informs Nasdaq Of Intent To Withdraw American Depository Shares From Listing And Registration|publisher=Rediff India Limited|date=27 April 2016|agency=PR Newswire|access-date=7 May 2019}}</ref>
In April 2016, the company decided to delist from [[NASDAQ]], citing the high cost of reporting requirements, given its financial condition.<ref>{{Cite web|url=https://www.prnewswire.com/news-releases/rediffcom-informs-nasdaq-of-intent-to-withdraw-american-depository-shares-from-listing-and-registration-300258335.html|title=Rediff.com Informs Nasdaq Of Intent To Withdraw American Depository Shares From Listing And Registration|publisher=Rediff India Limited|date=27 April 2016|agency=PR Newswire|access-date=7 May 2019}}</ref>
Rediffmail is still famous in India, USA, Japan and China.


== References ==
== References ==
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[[Category:Companies based in Mumbai]]
[[Category:Companies based in Mumbai]]
[[Category:Companies formerly listed on NASDAQ]]
[[Category:Companies formerly listed on the Nasdaq]]
[[Category:Indian companies established in 1996]]
[[Category:Indian companies established in 1996]]
[[Category:Online companies of India]]
[[Category:Online companies of India]]
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[[Category:Web portals]]
[[Category:Web portals]]
[[Category:Webmail]]
[[Category:Webmail]]
[[Category:1996 establishments in Maharashtra]]

Latest revision as of 18:07, 2 January 2022


Rediff.com (stylized as rediff.com) is an Indian news, information, entertainment and shopping web portal. It was founded in 1996.[2][3] It is headquartered in Mumbai, with offices in Bangalore, New Delhi and New York City.[4]

Rediff.com
Rediff-logo.png
File:Rediff.png
Main page as of 24 July 2009
Type of businessPublic company
Type of site
Web portal
Available inEnglish
Founded1996; 29 years ago (1996)
HeadquartersMumbai, India
Key peopleAjit Balakrishnan
(Chairman & CEO)
IndustryInternet
Revenue₹481 million (2019)[1]
Net income₹26 million (2019)
Employees316 (Dec 2009)
Websitewww.rediff.com
RegistrationOptional
LaunchedFebruary 8, 1997 (28 years ago) (1997-02-08)

As of 2009 it had more than 300 employees.[5] 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.[6]

HistoryEdit

The Rediff.com domain was registered in India in 1996.[7] Early products included the email service Rediffmail[8] 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.[9] The case was resolved by settlement in 2009.[10]

In April 2001, Rediff.com acquired the India Abroad newspaper.[11]

In 2007, Rediff iShare, a multimedia platform, was released.[12] In 2010, Rediffmail NG was launched, an email service for mobile platforms.[13] In 2012, Rediff launched its Android App for Rediff News.[14][better source needed]

In April 2016, the company decided to delist from NASDAQ, citing the high cost of reporting requirements, given its financial condition.[15]

ReferencesEdit

  1. ↑ "Annual Report 18-19 Rediff" (PDF). Rediff.com. Retrieved 16 October 2019.
  2. ↑ "Rediff.Com reports Q1 results: India revenue up 42%". The Financial Express. 2 July 2008. Retrieved 16 July 2010.
  3. ↑ "About Rediff.com". RediffOnTheNet.com. Archived from the original on 18 January 2000. Retrieved 25 June 2019.
  4. ↑ "Rediff Launches All New Blogs Platform in 9 Languages" (Press release). Rediff.com India Ltd. 1 December 2009. Archived from the original on 13 January 2010. Retrieved 25 June 2019 – via Business Wire India.
  5. ↑ "Investor FAQs". Rediff.com. Archived from the original on 23 July 2010. Retrieved 16 July 2010.
  6. ↑ "For Rediff boss, early success meant ignoring sceptics, self-learning tools". Hindustan Times. 13 August 2020. Retrieved 23 July 2021.
  7. ↑ "India completes 20 years of commercial internet". India Digital Review. Retrieved 15 March 2014.
  8. ↑ Anubhuti (2 October 2010). "Rediff records 15 percent growth in registered user base". Media Newsline. Retrieved 12 December 2010.
  9. ↑ "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. 25 May 2001. Retrieved 17 July 2013.
  10. ↑ "Case Summary Rediff.com India Ltd. Securities Litigation". Stanford Law School. Retrieved 8 November 2018.
  11. ↑ "Pioneering publisher Gopal Raju passes away". India Abroad. 1 April 2008. Retrieved 4 May 2008.
  12. ↑ Mehra, Priyanka (1 July 2007). "Now share videos, music on Rediff's iShare". Mint. Retrieved 17 November 2014.
  13. ↑ "Mobile email service from Rediff.com". The Hindu. 2 October 2010. Archived from the original on 28 October 2010. Retrieved 25 June 2019.
  14. ↑ "Rediff News Android App". Rediff.com. Retrieved 14 September 2012 – via Google Play.
  15. ↑ "Rediff.com Informs Nasdaq Of Intent To Withdraw American Depository Shares From Listing And Registration". Rediff India Limited. PR Newswire. 27 April 2016. Retrieved 7 May 2019.

External linksEdit

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