Light-emitting Mn-doped semiconductor nanocrystals have been extensively studied for the last three decades for their intense and stable Mn d-d emission. In principle, this emission should be fixed at 585 nm (yellow), but recent studies have shown that the emission can be widely tuned even to 650 nm (red). This is a spectacular achievement as this would make Mn-doped nanocrystals efficient and tunable light emitters. Keeping these developments in view, the chemistry of the synthesis of these materials, their photophysical processes and the expected origins of their red emission are summarized in this Minireview. All the related important studies from 1992 onwards are chronologically discussed, and one particular case is elaborated on in detail. As these materials are potentially important for biology, and photovoltaic, sensing and light-emitting devices, this Minireview is expected to help researchers investigating the chemistry, physics and applications of these materials.