Info Edge (India) Ltd. has been identified amongst the Top 100 Mid Sized Companies in India. In a survey conducted by Business World Info Edge emerged at no. 43 on an overall performance rank, and was ranked 7 on total average returns in the Rs 50-100 crore category. In this bracket, 256 companies had made it to the final assessment.
“It feels good to be recognized as one of the best performing companies by Business World this year (a watershed year for the company in which we crossed Rs. 100 Crores and also listed on the stock exchanges). Info Edge has been consistently striving to deliver on the highest standards of professional governance and value creation through high growth and margin expansion. This recognition underscores our commitment to being the best in the industry.” Sanjeev Bikhchandani, Founder and CEO, Info Edge (India) Ltd said.
The rankings were based on the holistic performance of a company. The survey included both public and private companies whose net sales was between Rs. 50 crore- 1,000 crore in the recent accounting year. Performance of a company over the past three years on five key parameters was taken in to account i.e. size, growth in net sales, growth in net profits, profitability and average returns. The companies included in the survey were those that ensured consistent performance throughout the year
The recent ranking by the Business World survey 2006 is a further reiteration of the fact that Info Edge has consistently delivered superior products and performance for its stake holders – customers, employees and investors.
Info Edge (India) Ltd is one of the largest and fastest growing internet company in India. The company owns an assortment of portals which include Naukri.com – India’s No. 1 job site, Naukri Gulf.com –- its recent foray into the Middle East market, Jeevansathi.com – India’s fastest growing matrimonial site and 99acres.com – India’s No.1 real estate portal. Quadrangle, an executive search firm was acquired in the year 2000.
Info Edge has ventured into newer businesses and territories and attracted investments from leading venture capitalists. Formerly an ICICI Ventures investee company, Kleiner, Perkins, Caufield & Byers and Sherpalo Ventures have also invested in the company. Info Edge raised Rs. 1,703 million by way of an IPO in November 2006.
With its headquarters in Noida (NCR), the company employs over 1200 people and operates through 48 offices in 31 cities in India and overseas offices in Dubai catering to the Middle East market.