1.  The Company was converted to a public limited company and its name
 was changed to Info Edge (India) Limited with effect from April 27,
 2006.
 
 2.  As on March 31, 2011 there is an advance of Rs.154,236 Thousand
 (Previous Year Rs.69,260 Thousand) outstanding against capital account
 contracts. This primarily includes the following:
 
 (i) Rs.149,997 Thousand (Previous year Rs.62,286 Thousand) relating to
 the project for construction of office building on leasehold land in
 respect of which the project for construction has commenced with an
 estimated value of contract of Rs.782,000 Thousand to be executed on
 capital account.
 
 (ii) Rs.3,358 Thousand (Previous year Rs.6,089 Thousand) relating to
 ERP implementation project with an estimated value of contract of
 Rs.4,570 Thousand (Previous year Rs.8,682 Thousand) to be executed on
 capital account.
 
 (iii) Rs.881 Thousand (Previous year Rs.885 Thousand) advanced against
 multiple contracts with total estimated value of contracts of Rs.1,370
 Thousand (gross) (Previous year Rs.1,281 Thousand) (gross)to be
 executed on capital account.
 
 3.  Based on information available with the Company, there are no dues
 to micro, small and medium enterprises, as defined in Micro, Small and
 Medium Enterprises Development Act, 2006 as on March 31, 2011.
 
 4.  Operating Leases where the company is a lessee:
 
 The company has entered into lease transactions mainly for leasing of
 office premises for periods between 1 to 9 years. The terms of leas
 include terms of renewal, increase in rents in future periods and terms
 of cancellation. The operating lease payments recognized in the Profit
 & Loss Account amount to Rs.107,796 Thousand (included in Schedule 14 –
 Administration and Other Expenses Rs.106,654 Thousand and in Schedule
 15 – Personnel Expenses Rs.1,142 Thousand [(Previous Year Rs.113,487
 Thousand) (included in Schedule 14 – Administratio and Other Expenses
 Rs.112,123 Thousand and in Schedule 15 – Personnel Expenses Rs.1,364
 Thousand)].
 
 5.  The Company is not engaged in either manufacturing or trading of
 goods. Accordingly disclosures relating to Quantitative information as
 required under Part II of Schedule VI to the Act, with regard to
 finished goods / raw materials and components consumed are not
 applicable.
 
 6.  (1) Related Party Disclosures
 
 A) names of related parties with whom transactions were carried out and
 description of relationship as identified and certified by the Company
 as per the requirements of Accounting Standard – 18 specified in
 Companies (Accounting Standard) Rules, 2006 and where control exists
 for the year ended march 31, 2011:
 
 Subsidiaries
 
 Jeevansathi Internet Services Private Limited ( JISPL)
 
 Naukri Internet Services Private Limited (NISPL)
 
 Info Edge (India) Mauritius Limited (IEIML)
 
 Allcheckdeals India Pvt. Ltd. (ACDIPL)
 
 Applect Learning Systems Pvt. Ltd. (ALSPL)
 
 Info Edge USA Inc. (IEUI)
 
 eTechAces Marketing & Consulting Pvt. Ltd. (EMCPL)
 
 Associates
 
 DC Foodiebay Online Services Private Limited (DCFOSPL) 
 
 Nogle Technologies Private Limited (NTPL)
 
 Key management Personnel (KmP) & Relatives
 
 Mr Sanjeev Bikhchandani
 
 Ms Surabhi Bikhchandani (Spouse of Mr. Sanjeev Bikhchandani)
 
 Mr Sushil Bikhchandani (Brother of Mr Sanjeev Bikhchandani)
 
 Mr Hitesh Oberoi
 
 Ms. Rimy Oberoi (Spouse of Mr. Hitesh Oberoi)
 
 Ms. Divya Batra (Sister of Mr. Hitesh Oberoi)
 
 Mr Ambarish Raghuvanshi
 
 Enterprises over which KMP & Relatives have significant influence
 
 Minik Enterprises (Proprietorship concern of Mr. Sushil Bikhchandani)
 
 Oyster Learning ( Proprietorship concern of Ms. Rimy Oberoi)
 
 Independent Directors- Non Executive
 
 Arun Duggal 
 
 Ashish Gupta 
 
 Bala Deshpande 
 
 Naresh Gupta 
 
 Saurabh Srivastava
 
 Non-Executive Directors
 
 Sandeep Murthy (resigned w.e.f April 30, 2010) 
 
 Kapil Kapoor
 
 7 (2) Related Party Transactions for the year ended march 31, 2010
 
 A) names of related parties with whom transactions were carried out and
 description of relationship as identified and certified by the Company
 as per the requirements of Accounting Standard – 18 specified in
 Companies (Accounting Standard) Rules, 2006 and where control exists
 for the year ended march 31, 2010:
 
 Subsidiaries
 
 Jeevansathi Internet Services Private Limited ( JISPL) 
 
 Naukri Internet Services Private Limited (NISPL) 
 
 Info Edge (India) Mauritius Limited (IEIML) 
 
 Allcheckdeals India Pvt. Ltd. (ACDIPL) 
 
 Info Edge USA Inc.
 
 Associates
 
 eTechAces Marketing & Consulting Pvt. Ltd. (EMCPL) 
 
 Applect Learning Systems Pvt. Ltd. (ALSPL)
 
 Key management Personnel (KMP) & Relatives
 
 Mr Sanjeev Bikhchandani
 
 Ms Surabhi Bikhchandani (Spouse of Mr. Sanjeev Bikhchandani)
 
 Mr Sushil Bikhchandani (Brother of Mr Sanjeev Bikhchandani)
 
 Mr Hitesh Oberoi
 
 Ms. Rimy Oberoi (Spouse of Mr. Hitesh Oberoi)
 
 Mr Ambarish Raghuvanshi
 
 Enterprises over which KMP & Relatives have significant influence
 
 Minik Enterprises (Proprietorship concern of Mr. Sushil Bikhchandani)
 
 Oyster Learning (Proprietorship concern of Ms. Rimy Oberoi)
 
 Independent Directors- Non Executive
 
 Arun Duggal 
 
 Ashish Gupta 
 
 Bala Deshpande 
 
 Naresh Gupta 
 
 Saurabh Srivastava
 
 Non-Executive Directors
 
 Sandeep Murthy 
 
 Kapil Kapoor
 
 8.  Employee Stock Option Scheme
 
 The company has set up a trust to administer the ESOP scheme under
 which options have been granted to employees. Under this scheme the
 employees can purchase equity shares by exercising the options as
 vested at the price specified in the grant. The options granted till
 March 31, 2011 have a vesting period of maximum of 3 years from the
 date of grant.
 
 9.  (A) In respect of options vested during the year, had the fair
 value method been used, the profit for the year would be lower by
 Rs.74,224 Thousand (Previous year 76,939 Thousand) and the EPS would be
 Rs.14.02 (Previous year 9.02).
 
 10.  The Company has received legal notices of claims/lawsuits filed
 against it relating to infringement of Intellectual Property Rights
 (IPR) in relation to the business activities carried on by it. In the
 opinion of the management, no material liability is likely to arise on
 account of such claims/law suits.
 
 11.  The company is primarily in the business of internet based service
 delivery operating in four service verticals through web portals in
 respective vertical namely Naukri.com for recruitment related services,
 Jeevansathi.com for matrimony related services, 99acres.com for real
 estate related services and Shiksha.com for education related services.
 The other activities comprise of placement search services and real
 estate broking services. The segment revenues, results and assets of
 the other activities do not constitute reportable segment under
 Accounting Standard 17 on Segment Reporting and accordingly no
 disclosure is required.
 
 12.  The Company had raised Rs.1,703,632 Thousand through Initial
 Public Offer of Shares (IPO) in the month of November, 2006 by issuance
 of 5,323,851 equity shares of Rs.10/- each at a premium of Rs.310/- per
 share. The utilisation out of such gross proceeds till March 31, 2011
 is as given below. The balance amount of IPO proceeds remains invested
 in debt based mutual funds and fixed deposits in banks.
 
 13. As at March 31, 2011 the company had Rs.122 Thousand (Previous Year
 Rs.122 Thousand) outstanding with ICICI bank towards unpaid application
 money received by the company for allotment of securities and due for
 refund and Rs.62 Thousand (Previous Year Rs.46 Thousand) as unclaimed
 dividend outstanding with Kotak Mahindra Bank. These amounts are not
 available for use by the company and will be credited to Investor
 Education & Protection Fund as and when due.
 
 14.  Employee benefits
 
 The Company has classified the various benefits provided to employees
 as under:
 
 b. State Plans
 
 a) Employers Contribution to Employee State Insurance
 
 C. Defined benefit Plans
 
 a) Contribution to Gratuity Funds – Life Insurance Corporation of
 India, Group Gratuity Scheme
 
 b) Leave Encashment/ Compensated Absences for Employees
 
 21 (b) Employee benefits for the previous financial year 2009-10:
 
 The Company has classified the various benefits provided to employees
 as under:
 
 A. Defined Contribution Plans
 
 a) Provident Fund
 
 b. State Plans
 
 a) Employers Contribution to Employee State Insurance
 
 C. Defined benefit Plans
 
 a) Contribution to Gratuity Funds – Life Insurance Corporation of India
 
 b) Leave Encashment/ Compensated Absences for Employees
 
 15.  Exceptional item in Profit & Loss Account represents provision for
 permanent diminution in carrying value of long term investment in Info
 Edge (India) Mauritius Limited and the capital gains of Rs.55,487
 Thousand (Net of Tax Rs.37,055 Thousand) on account of sale of
 investment in equity shares of MakemyTrip, Mauritius.
 
 16.  The company has made long term strategic investments in certain
 subsidiaries/associate companies, which are in their initial stage of
 operation and would generate growth and returns over a period of time.
 These subsidiaries/associates have incurred significant expenses for
 building the brand and market share which have added to the losses of
 these entities, thereby resulting in erosion of their net worth as at
 March 31, 2011. Based on the potential of the business model of these
 entities to generate profits, coupled with recent third party
 valuations, management is of the opinion that considering the nature of
 the industry and the stage of operations of these entities the
 diminution in carrying value of the investments as compared to their
 current net worth, is considered to be temporary in nature and
 therefore no provision is required at this stage (other than the
 investments referred in Note 23 above).
 
 17.  Previous years figures have been regrouped / recast to confirm to
 current years presentation.