InfoEdge

Overview

Info Edge (India) Limited is a premier technology company based in India, notable for its contributions in the internet industry. Founded in 1995 by Sanjeev Bikhchandani, the company is headquartered in Noida, India. Info Edge has developed an impressive portfolio of businesses, including popular platforms like Naukri.com, 99acres.com, Jeevansathi.com, and Shiksha.com. The company has raised significant capital over the years and has maintained a strong presence in online recruitment, real estate classifieds, matrimony, and education sectors.

Recent Developments

  • November 2024: Info Edge declared an interim dividend of ₹12 per share for the fiscal year 2024-25, reflecting its commitment to shareholder value. The dividend is scheduled for payment in December 2024.
  • October 2024: The company reported a profit of ₹84.73 crore on a total income of ₹1,079.70 crore for the quarter ending September 2024.
  • September 2024: Info Edge completed the divestiture of its 34.93% stake in Wishbook Infoservices Private Limited through its subsidiary Startup Investments (Holding) Limited.
  • August 2024: Info Edge hosted the Info Edge Ventures AI Hackathon 2024, showcasing its commitment to innovation and investment in tech-based startups.
  • April 2024: Info Edge's stock performance reflected significant volatility, reaching a 52-week high of ₹8,259.85 in September 2024 and a low of ₹3,973.15 in October 2023.
  • June 2023: It was reported that Info Edge planned to divest certain holdings in its portfolio as part of strategic re-alignment.

Company Information

AttributeInformation
Founding Date1995
HeadquartersNoida, India
FoundersSanjeev Bikhchandani
Revenue₹1,079.70 crore (as of September 2024)
Profits₹84.73 crore (as of September 2024)
Key InvestorsIncludes entities like Temasek
IndustryInternet Services
Number of EmployeesNot explicitly stated

Early History

Info Edge was established in 1995 by Sanjeev Bikhchandani, originally as an information service provider but soon diversified into online recruitment services. The launch of Naukri.com in 1997 marked a significant milestone, positioning it as one of India's largest job portals. Over the next few years, Info Edge expanded its operations by adding services in real estate, matrimony, and education sectors, establishing a robust multi-platform business model. This diversification helped propel its growth and laid a solid foundation for future success.

Company Profile and Achievements

Info Edge operates on a multi-faceted business model, offering services across various internet platforms in India. The company is primarily known for:

  • Naukri.com: India’s leading job portal, which significantly impacts the recruitment industry by connecting job seekers with potential employers.
  • 99acres.com: A prominent real estate portal that facilitates property transactions and offers diverse real estate services.
  • Jeevansathi.com: A dedicated matrimony service catering to matchmaking needs in India.
  • Shiksha.com: An educational portal providing insights and information for higher education.

Over the years, Info Edge's strategic investments in companies like Zomato and PolicyBazaar have led to substantial valuations, benefitting from the success of these ventures. The establishment of Info Edge Ventures in 2019 further solidified its commitment to investing in tech-driven startups.

Current Operations and Market Position

Info Edge’s current operations are marked by its strong participation in India's digital landscape. It maintains robust market positions in online recruitment through Naukri.com and in real estate services via 99acres.com. The company also enjoys considerable traction in the matrimony and educational space, leveraging its established platforms.

  • Market Share: Naukri.com holds a significant share in the online job recruitment sector.
  • Competitive Advantages: Its diversified service offerings, strategic acquisitions, and investments in high-growth potential startups set it apart from competitors. Recent strategic initiatives include further diversification and capital investment into AI and technology sectors, reflecting its long-term vision of sustaining and enhancing competitive positioning.

Conclusion

Info Edge stands as a beacon of innovation and entrepreneurship within India’s internet industry. With a diversified portfolio and strategic investments, it has solidified its role as a leader in online classifieds. The company's continuous growth and adaptation to new market trends position it uniquely for ongoing success. As it pushes boundaries in digital transformation and tech investments, Info Edge is well-placed to capitalize on emerging opportunities in the digital economy, showcasing a trajectory poised for future growth.