YES Bank board member Rekha Murthy joins Rediff board as IPO plans take shape
The appointment comes at a time when the company is considering options to raise capital, including a possible IPO, according to company information. Rediff may file its Draft Red Herring Prospectus in the coming months and the IPO is likely to happen before Diwali 2026, according to sources familiar with the matter.
Murthy has nearly 35 years of global technology leadership experience, having held senior roles at IBM, Oracle, SAP and Digital Equipment Corporation. A graduate of Harvard Business School, he currently serves as an independent director at Yes Bank and sits on the boards of directors of many international companies.
“This appointment marks a significant milestone in Rediff’s journey,” said an investor in the company on condition of anonymity. Ms. Murthy has deep expertise in enterprise technology and strategic consulting, closely aligning with Rediff’s vision to evolve into a homegrown global technology multinational.
Confirming the development, a Rediff spokesperson said in response to an email query: “Yes, the decision on the appointment was made at the board meeting.” The company declined to comment further on any fundraising plans. Industry sources said Murthy’s appointment is part of Rediff’s IPO preparation efforts and the company is expected to appoint merchant bankers in due course.
Infibeam Avenues Limited, which acquired a majority stake in Rediff in 2024, recently increased its stake to 82% following the strategic transfer of the platform business to Rediff.com India Limited for Rs 800 million.
As part of a wider leadership realignment across the group, Infibeam Avenues has announced plans to rebrand itself as AvenuesAI Limited, subject to regulatory approvals. Under the new structure, Mr. Vishwas Patel will be elevated as Managing Director and Chief Executive Officer and will oversee day-to-day operations with a focus on execution, scale and efficiency. Vishal Mehta will continue as Chairman and Managing Director and lead long-term strategic initiatives across both Infibeam Avenues (AvenuesAI Limited) and Rediff. The separation of operational leadership and strategic management is expected to strengthen execution while ensuring sustainable growth. In the next phase, Rediff is being repositioned as an AI-first platform company. Key initiatives include RediffPay, a UPI-based digital payment app; RediffOne, an integrated enterprise suite offering productivity tools, email, e-commerce and related services; and Rediffmail Enterprise, a secure email solution for businesses.
According to company information, Rediff operates one of India’s largest consumer digital ecosystems through its flagship Rediffmail platform, which has millions of registered users worldwide. The company also operates the Rediff.com portal, covering RediffTV news, finance and entertainment, and recently launched the Rediff Super App, which brings together its services under a unified mobile-focused interface. Artificial intelligence is being gradually deployed into platforms to improve user experience, security and operational efficiency.
The board appointment comes at a time when investor appetite for tech-focused IPOs has revived in India following several high-profile listings in 2025, including Meesho, Urban Company, Pine Labs, Groww and Physics Wallah.
