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Info Edge (India) Ltd.

BSE: 532777 Sector: Others
NSE: NAUKRI ISIN Code: INE663F01024
BSE 00:00 | 21 Aug 1515.45 28.45
(1.91%)
OPEN

1473.65

HIGH

1540.10

LOW

1456.40

NSE 00:00 | 21 Aug 1515.35 34.45
(2.33%)
OPEN

1489.80

HIGH

1535.00

LOW

1453.00

OPEN 1473.65
PREVIOUS CLOSE 1487.00
VOLUME 4468
52-Week high 1540.10
52-Week low 919.00
P/E 71.99
Mkt Cap.(Rs cr) 18,476
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1473.65
CLOSE 1487.00
VOLUME 4468
52-Week high 1540.10
52-Week low 919.00
P/E 71.99
Mkt Cap.(Rs cr) 18,476
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Info Edge (India) Ltd. (NAUKRI) - Company History

Info Edge (India) Ltd. is one of India's premier internet based business. Over a period of more than two decades it has steadily developed a portfolio of brands across different domains that primarily provide online classified services. The company operates online recruitment business through its flagship brand - naukri. The online recruitment portfolio is supported by the offline executive search business Quadrangle and its associated portal qauadranglesearch.com. The company operates online real estate classified business through its portal 99acres.com online matrimonial classified business through its portal jeevansathi.com and online educational classified business through its portal shiksha.com. Info Edge (India) Ltd. has a network of 62 offices located in 43 cities throughout India. It has also made forays abroad into the Gulf market with the website www.naukrigulf.com and currently has offices Dubai Bahrain Riyadh and Abu Dhabi.In the last decade Info Edge has also expanded by investing in businesses that have been conceptualized and initially developed by separate entrepreneurially oriented management teams. Each of these businesses are managed externally with inputs from Info Edge. Essentially these are part of an investment portfolio of the company. Some of these investee companies include zomato.com (online restaurant classifieds and food delivery business) and policybazaar.com (online insurance).Info Edge India Ltd was incorporated on May 1 1995 as Info Edge India Pvt Ltd and they went public on April 27 2006. In March 1997 the internet portal naukri.com was launched and in December 1998 jeevansathi.com was launched.In November 2000 the company acquired the business of Quadrangle division. In September 2004 the company acquired Jeevansathi Internet Services Pvt Ltd and they became the wholly owned subsidiary company. The internet portal 99acres.com was launched on September 15 2005.In July 2006 the company launched the internet portal naukrigulf.com and in July 2007 they launched the internet portal asknaukri.com. In August 2007 the company entered the domain of professional networking services by launching the internet portal brijj.com and in May 2008 they forayed into the online education by launching the internet portal shiksha.com.During 2010-2011 the company invested in Nogle Technologies Pvt Ltd Kinobeo Software Pvt Ltd Ninety Nine Labels Pvt Ltd Zomato.com etc. During 2011-2012 the company invested in Canvera Digital Technologies Pvt Ltd Zomato Media Pvt Ltd Happily Unmarried Marketing Pvt Ltd. The company also acquired the business of Tootstep consultancy private Ltd during the year under review. During 2012-2013 the company acquired Makesence Technologies Pvt Ltd. During the 2014-2015 the company gets RBI nod to raise FII investment limit. The company also made investment in Canvera Digital Technologies Pvt Ltd and also transfered Policybazar shareholding during the year under review. In August 2015 the company made investment in Mint Bird Technologies Private Limited. The website www.vacationlabs.com is a web-based booking system for tour operators providing services such as processing bookings collecting payments sending confirmation emails reminder emails feedback requests accounting and more.On 13 October 2015 Info Edge (India) announced that it has transferred its entire shareholding in Etechaces Marketing and Consulting Private Limited (Etechaces or Policybazaar to its wholly owned subsidiary MakeSense Technologies Limited (Makesense) for a total consideration of about Rs 101.30 crore. Makesense has entered into a definitive agreement with MacRitchie Investments Pte. Ltd. (MacRitchie) an indirect wholly owned subsidiary of Temasek an investment company based in Singapore enabling MacRitchie to subscribe to the shares of Makesense to extent of 49.99% of its share capital (on a fully converted and diluted basis) for a total consideration of about Rs 134.10 crore. Out of the above funds Makesense will invest an amount of about Rs 31.10 crore in Policybazaar and this is part of the fund raising undertaken by Policybazaar in March 2015 wherein funding from Makesense was subject to approval from FIPB. Funds aggregating to about Rs 101.30 crore would be used by Makesense to retire its payable to Info Edge (India). Consequent to the aforesaid transaction Info Edge (India) will own 50.01% of MakeSense and Makesense will hold about 19.65% of Policybazaar.On 30 January 2016 Info Edge (India) announced that the company has through its wholly-owned subsidiary invested an additional amount of Rs 5 crore through optionally convertible cumulative redeemable preference shares in Happily Unmarried Marketing Private Limited which is engaged in the business of sale of fun & creative products. It owns and operates the site www.happilyunmarried.com. Accordingly the aggregate investment including the above is now Rs16.4 crore in Happily Unmarried Private Limited which translates to about 44% stake in the company on a fully converted and diluted basis.On 22 November 2017 Info Edge (India) announced that pursuant to the acquisition of Cathero Technologies Pvt. Ltd. (Runnr) an on-demand logistics and delivery company and other restructuring by Zomato Media Pvt. Ltd. Info Edge (India) along with its wholly owned subsidiary holds about 44.74% in Zomato on fully converted and diluted basis. On 19 December 2017 Info Edge (India) announced that the company has invested through its wholly owned subsidiary about Rs 12.50 crore in International Educational Gateway Private Ltd. (Univariety). The aggregate shareholding of the company post this initial investment in the said entity would be 29.62% on fully converted and diluted basis. Univariety is engaged in the educational business of providing products and services and counseling to students schools colleges and educators.The Board of Directors of Info Edge (India) at its meeting held on 1 February 2018 accorded its approval to allow divestment of 32629 equity shares of Zomato Media Private Ltd. (Zomato) being 6.66% of the paid-up share capital of Zomato on fully converted and diluted basis either directly or through its wholly owned subsidiary - Naukri Internet Services (NISL) as may be deemed fit in the best interests of the company at a consideration of rupee equivalent of USD 50 million.On 1 March 2018 Info Edge (India) announced that the company has invested through its wholly owned subsidiary about Rs 6.40 crore in Agstack Technologies Private Limited. (Gramophone). The aggregating shareholding of the company post this initial investment in the said entity would be 25% on fully converted and diluted basis. Gramophone is a technology enabled marketplace for enabling efficient farm management.Info Edge (India) crossed the total income figure of Rs 1000 crore for the first time in Financial Year 2017-2018..On 19 April 2018 Info Edge (India) announced that the company has invested through its wholly-owned subsidiary about Rs 3 crore in Bizcrum lnfotech Private Ltd. (ShoeKonnect). The aggregate shareholding of the company post this initial investment in the said entity would be 20% on fully converted and diluted basis. ShoeKonnect is a B2B marketplace that enables footwear brands manufacturers wholesalers and retailers to connect communicate and transact with each other for conducting and expanding their business. On 3 May 2018 Info Edge (India) announced that the company has invested through its wholly-owned subsidiary about Rs 3.43 crore in Rare Media Company Private Ltd. It is a follow up round of investment in Rare Media which is already an associate of the company. The aggregate shareholding of the company post this investment in the said entity would be 43.86% on fully converted and diluted basis. Rare Media is engaged in building the future of work using pioneering technology.On 25 June 2018 Info Edge (India) announced that subject to requisite regulatory and other approvals as may be applicable including that of Foreign Investment Facilitation Portal (FIFP) the company has entered into an agreement with SVF India Holdings (Cayman) Limited (Soft Bank) a wholly owned subsidiary of SoftBank Vision Fund L.P. of which SoftBank Group Corp. is a limited partner whereby Soft Bank has agreed to invest an amount equivalent to about USD 45 million for 49.99% stake (on a fully diluted basis) in Diphda Internet Services Ltd. (Diphda) a wholly owned-subsidiary of the company for the time being. Info Edge (India) has also agreed to invest an amount equivalent to about USD 45 million in Diphda for 50.01% stake (on a fully diluted basis) and to jointly invest through Diphda an amount equivalent to about USD 90 million in Etechaces Marketing & Consulting Pvt. Ltd. (Etechaces) for 8.93% stake (on a fully diluted basis post completion of fund raise exercise with other investors).On 5 July 2018 Info Edge (India) announced that the company has agreed to jointly invest with MacRitchie Investments Pte. Ltd. (MacRitchie) a wholly-owned subsidiary of Temasek an amount of about Rs190.51 crore in Etechaces Marketing & Consulting Pvt. Ltd. (Etechaces) for 3.5% stake (subject to change consequent to completion of primary investment in Etechaces announced by the company on 25 June 2018) by purchasing the shares held by PI Opportunities Fund I (PIOF) through its subsidiary MakeSense Technologies Ltd. Consequent to the aforesaid transaction Info Edge (India) will own 50.01% of MakeSense and MakeSense will hold about 19.92% (including existing stake of 16.42%) of Etechaces on fully converted & diluted basis.On 6 July 2018 Info Edge (India) announced that the company has invested through its wholly-owned subsidiary about Rs 3 crore in Ideacficks Infolabs Private Limited (Zippserv). The aggregate shareholding of the company post this initial investment in the said entity would be 45.31% (subject to change pursuant to milestones agreed in the relevant Investment Agreement) on fully converted & diluted basis. Zippserv (www.zerv.corn) is an online platform which provides data-driven real estate intelligence to enable smart property purchase. The company's two flagship products are 'CleanProperties' and 'PricePoint'. CleanProperties provides instant access to land titles conversion records building approvals liens and litigations for thousands of ongoing apartment projects. PricePoint's analytics engine tracks lakhs of recently registered sale transactions and gives granular actionable insights for buyers at a project level so that buyers get a leg up in negotiations.