I used my income so he could focus on Zoho, now he says I own just 5% of it: Vembu’s wife
The story of Sridhar Vembu, the billionaire founder of Zoho, is one of rags-to-riches success. However, a recent court filing in the United States has shed light on a bitter divorce battle between Vembu and his wife, Pramila Srinivasan. In a shocking revelation, Srinivasan has come forward to claim that she used her income to support Vembu’s entrepreneurial ventures, including Zoho, after he quit his job to pursue his passion. However, she was left stunned when Vembu claimed that she owns only 5% of the company, despite her significant contributions to its growth.
According to Srinivasan, she had been the primary breadwinner in the family, working hard to support Vembu’s dreams of building a successful technology company. She recalls the early days of Zoho, when Vembu would spend long hours working on the product, often for little to no pay. Srinivasan would use her income to support the family, allowing Vembu to focus on building the company. She thought that her contributions would be recognized and valued, but little did she know that Vembu had other plans.
The couple’s marriage began to unravel, and they eventually decided to go their separate ways. It was during the divorce proceedings that Srinivasan discovered the shocking truth about Vembu’s claims of ownership. Despite being the driving force behind Zoho’s success, Srinivasan was told that she owns only 5% of the company. This revelation left her feeling betrayed and shocked, as she had expected a more equitable distribution of the company’s assets.
But what’s even more surprising is that Vembu’s sister, Radha, is the largest shareholder of Zoho, with a staggering 47.8% stake. This has raised questions about the ownership structure of the company and how Vembu’s family members have benefited from its success. Srinivasan’s claims have sparked a debate about the role of family members in business and how they can impact the distribution of wealth and assets.
The court battle between Vembu and Srinivasan has been intense, with both parties presenting their arguments and evidence. Recently, a US court ordered Vembu to post a $1.7 billion bond in the divorce case, a move that is seen as a significant victory for Srinivasan. The court’s decision is a testament to the fact that Srinivasan’s contributions to Zoho’s success are being recognized and valued.
As the divorce case continues to unfold, it will be interesting to see how the ownership structure of Zoho is ultimately decided. Will Srinivasan’s claims of ownership be recognized, or will Vembu’s family members continue to hold significant stakes in the company? One thing is certain, however: the story of Sridhar Vembu and Pramila Srinivasan serves as a reminder that the journey to success is often paved with sacrifices, and it’s essential to recognize and value the contributions of all individuals involved.
The case also raises important questions about the rights of spouses in business and how they can protect their interests. Srinivasan’s story is a cautionary tale for anyone who is considering supporting their partner’s entrepreneurial ventures. It’s essential to have open and honest discussions about ownership and contributions, as well as to have a clear understanding of the financial implications of such decisions.
In conclusion, the story of Sridhar Vembu and Pramila Srinivasan is a complex and intriguing one, filled with twists and turns. As the divorce case continues to unfold, it will be interesting to see how the ownership structure of Zoho is ultimately decided. One thing is certain, however: Srinivasan’s contributions to Zoho’s success will not be forgotten, and her story will serve as a reminder of the importance of recognizing and valuing the contributions of all individuals involved in building a successful business.
News Source: https://www.thenewsminute.com/news/exclusive-us-court-orders-sridhar-vembu-to-post-17-billion-bond-in-divorce-case
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