I used my income so he could focus on Zoho, now he says I own just 5% of it: Vembu’s wife
The world of tech and entrepreneurship is often glamorized, with stories of founders turning their passions into billion-dollar companies. However, behind every successful entrepreneur, there is often a story of sacrifice and support from loved ones. For Pramila Srinivasan, the wife of billionaire Sridhar Vembu, her story is one of shock and betrayal. As the co-founder of Zoho, a successful software company, Vembu’s journey to success was not solo. His wife, Pramila, played a significant role in supporting him, using her own income to help him build the company from the ground up.
According to Pramila, after Vembu quit his job to focus on Zoho, she used her income to support the family, allowing him to dedicate himself to building the company. This sacrifice was not just financial; it was also emotional, as Pramila put her own career and aspirations on hold to support her husband’s dreams. The couple’s marriage was built on a foundation of trust, love, and mutual support. However, this foundation was shaken when Vembu filed for divorce, revealing a shocking truth about the ownership of Zoho.
Pramila claimed that she was shocked to learn that Vembu had stated he owned just 5% of the company in the divorce proceedings. This revelation was not only surprising but also felt like a betrayal. After all, Pramila had used her income to support Vembu’s vision, and the couple had built Zoho together. The fact that Vembu’s sister, Radha, is the largest shareholder of Zoho, with a 47.8% stake, only added to Pramila’s sense of injustice.
The news of Vembu’s divorce and the subsequent revelation about Zoho’s ownership has sent shockwaves through the tech community. Many are left wondering how a couple that had built a successful company together could end up in such a bitter and contentious divorce. The fact that Vembu’s sister is the largest shareholder of the company has raised questions about the role of family in business and the importance of clear communication and agreements in relationships.
As the divorce proceedings continue, Pramila’s story serves as a reminder of the importance of recognizing the contributions of all individuals involved in building a successful company. It is not just the founders who deserve credit; it is also the spouses, family members, and friends who provide emotional, financial, and practical support. The story of Pramila and Vembu is a cautionary tale about the importance of clear communication, trust, and respect in relationships, both personal and professional.
The case has also highlighted the complexities of divorce and the importance of having clear agreements in place, especially when it comes to business ownership. As the court navigates the complex web of Zoho’s ownership and the couple’s finances, one thing is clear: the outcome of this case will have significant implications for the tech community and beyond.
In recent news, a US court has ordered Sridhar Vembu to post a $1.7 billion bond in the divorce case, a move that is seen as a significant development in the proceedings. As the case continues to unfold, it will be interesting to see how the court navigates the complex issues of business ownership, marital property, and the role of family in business.
In conclusion, the story of Pramila Srinivasan and Sridhar Vembu serves as a reminder of the importance of recognizing the contributions of all individuals involved in building a successful company. It is a cautionary tale about the importance of clear communication, trust, and respect in relationships, both personal and professional. As the divorce proceedings continue, one thing is clear: the outcome of this case will have significant implications for the tech community and beyond.
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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