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, behind the scenes, a very different story is unfolding. Vembu’s wife, Pramila Srinivasan, has come forward with a shocking revelation that has left many stunned. According to Srinivasan, she used her own income to support Vembu while he was building Zoho, allowing him to focus on his entrepreneurial venture after he quit his job. However, in a shocking turn of events, Vembu has now claimed that he owns only 5% of the company, leaving Srinivasan feeling betrayed and shocked.
The news has sent shockwaves through the business world, with many questioning the ethics and integrity of Vembu’s actions. Srinivasan’s revelation has also raised important questions about the role of women in supporting their spouses’ entrepreneurial ventures and the lack of recognition they often receive for their contributions. In an exclusive interview, Srinivasan shared her side of the story, revealing the details of her marriage and her role in supporting Vembu’s journey to building Zoho.
According to Srinivasan, she and Vembu were married for many years, during which time she worked hard to support the family while Vembu pursued his passion for building Zoho. She said, “I was working full-time, and my income was used to support our family while Sridhar was building Zoho. I thought we were in this together, as a team.” However, when Vembu filed for divorce, Srinivasan was shocked to learn that he claimed to own only 5% of the company. She said, “I felt shocked to learn only after he filed for divorce that he claimed to own just 5% of the company he’d spent our marriage building.”
The news has also revealed that Vembu’s sister, Radha, is the largest shareholder of Zoho, with a staggering 47.8% stake in the company. This has raised questions about the ownership structure of the company and whether Vembu’s family members have been unfairly benefiting from the company’s success. Srinivasan’s revelation has also sparked a debate about the importance of recognizing the contributions of women in supporting their spouses’ entrepreneurial ventures.
The case has also taken a dramatic turn, with a US court ordering Vembu to post a $1.7 billion bond in the divorce case. The court’s decision is seen as a significant victory for Srinivasan, who has been fighting for her rights and recognition for her contributions to Zoho’s success. The case is ongoing, and it remains to be seen how it will unfold.
The story of Srinivasan and Vembu serves as a reminder of the importance of recognizing the contributions of all individuals, regardless of their gender or role, in building successful businesses. It also highlights the need for greater transparency and fairness in the ownership structure of companies, particularly when it comes to family-owned businesses.
In conclusion, the story of Srinivasan and Vembu is a complex and multifaceted one, with many twists and turns. While Vembu’s success in building Zoho is undoubtedly impressive, it is also important to recognize the contributions of those who have supported him along the way. Srinivasan’s revelation has sparked an important debate about the role of women in supporting their spouses’ entrepreneurial ventures and the need for greater recognition and fairness in the ownership structure of companies.
As the case continues to unfold, it will be interesting to see how it will impact the business world and the way companies recognize the contributions of all individuals, regardless of their gender or role. One thing is certain, however: Srinivasan’s story will serve as a reminder of the importance of fairness, transparency, and recognition in all aspects of business and personal life.
Read the full story here: https://www.thenewsminute.com/news/exclusive-us-court-orders-sridhar-vembu-to-post-17-billion-bond-in-divorce-case
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