|We are incorporated on May 1, 1995 under the companies Act, as Info Edge (India)
Private Limited. We amended our Memorandum of Association by means of a resolution
of Our sharesholders on February 14, 2006 to convert into a public company with effect
therefrom; and consequently the word ' Private ' was, upon the issuance on April 27,
2006 of a fresh certificate of corporation consequent upon change of name on conversion
to a public company, deleted from our name.
Our Registered Office is at A-6, Swasthya Vihar, New Delhi-110092, India.
Acquistion of Quadrangle
On November 1, 2000 we acquired the business of our Quadrangle division from Mr. Jeyadev
Parthasarathy, who wasat that time the sole proprietor of the business, for a consideration of
1546 Equity Shares of our Company. The transfer of these Equity Shares to Mr. Parthasarathy
was contingent upon him remaining in employment with us for a certain period, which he failed
to do, and therefore these Equity Shares were never transferred to him.
Acquisition of JISPL
On september 13, 2004, we acquired 6500 equity shares, being 65% of the share capital,
of Jeevansathi Internet Services Private Limited from its existing shareholdes for a consideration
of Rs. 4250 per equity share. As a result of such acquisition, JISPL became our wholly-owned Subsidiary.
Some Key Events:
Date Key Events, Milestones and Achievements
March 1997 The internet portal www.naukri.com was launched
Dec. 1998 The internet portal www.jeevansathi.com was launched
April 8, 2000 ICICI Information Technology Fund made a private equity investment Of Rs. 72908748
into us. (This investment was subsequently novated in favour of ICICI Emerging sectors Fund)
Nov 1, 2000 We acquired the business of our Quadrangle division
Sept. 13, 2004 We became 100% owners of Jeevansathi Internet Services Private Limited
Sept 15, 2005 The internet portal www. 99 acres.com was launched
April 27, 2006 Private equity investors Kleiner Perkins Caufield and Byers and Sherpalo LLC
agreed to acquire through Murugan Capital and Sherpalo Mauritius LLC, respectively, 5% of
our pre-Issue Equity Share capital by means of a secondary purchase