Justdial.com
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| Type of business | Public |
|---|---|
| Founded | 1996 |
| Headquarters | Mumbai, Maharashtra, India |
| Area served | India, United States of America, Canada, United Kingdom, United Arab Emirates |
| Founder(s) | V.S.S. Mani |
| Key people | V.S.S Mani (MD) Ramkumar Krishnamachari (CFO) Ramani Iyer (Director) |
| Industry | Consumer Services |
| Services | Local search (Internet) |
| Revenue | ₹690.83 crore (US$110 million) (March 2016) |
| Employees | 10,198 |
| Website | www |
| Current status | Online |
Justdial is an Indian based company founded by V.S.S. Mani. It provides search services and is made available on Website and Mobile. The company's headquarters is in Mumbai, Maharashtra, India. It has offices in Ahmedabad, Bangalore, Chandigarh, Chennai, Coimbatore, Delhi, Hyderabad, Jaipur, Kolkata and Pune. The customers are required to call a hotline number and ask the operator what service they are looking for (e.g. restaurants, hospitals, banks etc.) and in which area. In turn the operator will send them an email and an SMS with the information. Apart from this, customers can search for the information of any specific business on the Website and Mobile A
Founded in the year 1996, Justdial was founded by Managing Director and Chief Executive Officer, V.S.S. Mani N.B, M.B. He started the company with 6 employees, some rented computers and borrowed furniture in a hired garage space. The idea was conceived by Mr. Mani while working for United Database India (UDI), a yellow pages company in the year 1987. The number 888 8888 initially belonged to Mumbai's Kandivali Exchange but was later acquired by Mani. He initiated this concept after understanding the convenience in delivering such information over a call instead of it being stored in a book. However the official establishment of the company was on standby as Mani was unable to make an investment of Rs. 15,000 for a land line service. The company later began with a seed capital of Rs. 50,000. With the reach of the internet increasing, Mani decided to go online with Justdial.com in 2007.
As of December 2015 Justdial had 10,198 employees. Justdial has a database of approximately 15.3 million listings and 346,000 paid listings as of June, 2015. Justdial's total revenue was Rs 171.33 crore at the end of the quarter ended December, 2015
On March 20, 2012, Justdial had obtained approval from Securities and Exchange Board of India (SEBI) for its proposed Initial public offering (IPO). Justdial had initially filed its draft red herring prospectus with SEBI to raise Rs 360 crore in August 2011,. However the company shelved its plans in June 2012, due to a sharp fall in the markets and raised Rs 327 crore from its existing private equity investors, Sequoia Capital and SAP Ventures, with Sequoia Capital leading the funding round with a Rs 305 crore investment.
In August 2012, Justdial had re-filed its DRHP with SEBI and was looking to sell 9.55 million shares of face value Rs 10 each, in return for 13.53% stake in the company. This includes 4.03 million shares held by SAIF Partners, 2.51 million shares held by Tiger Global Four JD Holdings, 1.55 million shares held by Tiger Global Five Indian Holdings, 1.04 million shares held by Sequoia Capital, 347,142 shares held by EGCS and 64,779 shares held by SAP Ventures.
In May 2013, Justdial went public on May 20 at a price between Rs. 897-898. Out of 17.5 million shares, 13.5 million shares were offered to the public and 3,936,925 shares have been subscribed to by 15 Anchor Investors at Rs 530 per equity share, for a total of around Rs 208.65 crore. Justdial has reserved 75% of its IPO for institutional investors,15% for high-net-worth individuals (HNIs) and remaining 10% for retail investors. CRISIL has been assigned grade 5/5 to the proposed IPO of Justdial. This grade indicates that the fundamentals of the IPO are strong relative to other listed equity securities in India.
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