- Business
- Rediff.com India Limited (REDFY) operates as an India-based internet company that delivers news and information services, enterprise email solutions including Rediffmail, online shopping marketplace offerings, and an internet-based local TV advertising platform across PCs, tablets, and mobile devices; it provides editorial content such as latest news, interviews, opinion articles, Get Ahead career advice, videos, movie reviews, live cricket scores, and live stock quotes, alongside free email and business email hosting. Founded in 1996 and headquartered in Mumbai with additional offices in Bengaluru, New Delhi, and New York City, the company targets Indian consumers and enterprises through its web portals and digital platforms. In 2024, Infibeam Avenues Limited acquires a 54.1% stake, making Rediff.com its subsidiary and appointing Infibeam founder Vishal Mehta as Chairman and Managing Director, succeeding founder Ajit Balakrishnan; the company proposes expansions including a material related party transaction to acquire Infibeam’s platform business undertaking for Rs 800.39 crore via share issuance, increases to authorized share capital from Rs 100 crore to Rs 350 crore, enhanced borrowing and investment limits to Rs 1,500 crore each, alterations to memorandum object clauses for new ventures in digital marketing, fintech, payments, and streaming services, and launch of the Rediff.com Employee Stock Option Plan 2025-26.