Info Edge India limited has reached the milestone of 10 billion US dollars net worth even though the company has decreased profits for more than a financial year.
Here is the story behind the success of India's oldest internet business company.
Info Edge India limited was founded by Mr. Sanjeev Bikhchandani, a Padmashree Awardee, in 1995, headquartered in Delhi. Initially, the company was founded as an internet business but soon after its inception, it got into various companies, including recruitment, matrimony, real estate, and education.
The company's share price has given returns of 50.88 percent in a year to its stakeholders and shareholders.
- Info Edge owns one of India's top job search websites, Naukari.com.
- The leading matrimony website, Jeevansathi.com, is run by the company
- Popular property and real estate platform 99Acres.com is also owned by Info Edge.
- Its educational business includes a website called Shiksha.com.
The company has also funded some popular start-ups, including food delivery platform Zomato and insurance service provider Policy Bazar.
As company-funded Zomato has entered the Finance Market with a bang through its Public Offerings in July and Policy Bazar is planned to bring its IPO later this year, it has boosted share prices of Info Edge and helped the company reach a net worth of 10 billion dollars.
The efforts Mr. Sanjeev Bikhchandani, founder and Executive Vice-chairman of Info Edge, has put into India's Internet revolution have been recognized by the Government of India. He was awarded Padmashree (fourth highest Civilian Honour of the country) last year in January.
The company's businesses Nuakari.com and 99Acres were severely affected during the lockdown period, lowering its revenues. Despite this, investors on Dalal Street have found this company worth investing in. The reason is that the post-recovery company has made it into its all business and, of course, the bright future the company has in the digital world.
Thank you Suraj for your kind words. Looking forward to update your feed with latest and informative blogs.
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