Rediff.com assigns Vishal Mehta as Chairman and MD

Vishal Mehta has been appointed as the new Chairman and Managing Director of Rediff.com. This change in leadership took place after Infibeam Avenues acquired a majority stake in Rediff.com.

Mehta has succeeded Ajit Balakrishnan, who has been at the helm since Rediff’s inception in 1996. Also, Mehta will continue to serve as Chairman and Managing Director of Infibeam Avenues. Balakrishnan played an important role in establishing Rediff.com as a household name in India’s digital ecosystem. He will ensure a seamless transition.

Balakrishnan said, “I am confident that the best is yet to come and under Vishal’s leadership Rediff.com will undoubtedly drive into new realms of growth and innovation."

Mehta holds a graduate degree from the Massachusetts Institute of Technology (MIT) and Cornell University. He brings with him an expertise in digital innovation and strategic business development. He is an ex-Amazon executive, who had worked at Amazon’s corporate headquarter, playing a pivotal role in advancing the company’s technology, and corporate development functions during his five year stint.

Mehta's appointment as Chairman and Managing Director of Rediff.com will steer Rediff.com into new areas of growth, particularly in consumer facing digital payments and financial services.

Infibeam Avenues has taken over 54.01% equity stake in Rediff.com, making Rediff a subsidiary. This acquisition marks a major milestone for both companies.