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. From humble beginnings to building a software empire, Vembu’s journey is an inspiration to many. However, a recent revelation has thrown a shadow on his personal life, with his wife, Pramila Srinivasan, coming forward to claim that she played a crucial role in his success, only to be denied her rightful share in the company.
According to Srinivasan, she used her income to support Vembu when he quit his job to focus on building Zoho. “I was the sole breadwinner in the family, and I used my income to support Sridhar’s dreams,” she said. “I felt proud to be a part of his journey, and I thought we were in this together.” However, when Vembu filed for divorce, Srinivasan was shocked to learn that he claimed to own only 5% of the company. “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,” Srinivasan said.
This revelation has raised eyebrows, as Vembu’s sister, Radha, is the largest shareholder of Zoho, with a 47.8% stake. The fact that Vembu’s wife, who claims to have supported him financially during the early days of the company, owns only 5% of the company has sparked a debate about the distribution of wealth and the role of family members in business.
The story of Zoho’s success is closely tied to the story of Sridhar Vembu’s personal life. Vembu, who is now a billionaire, started Zoho in 1996, and the company has since grown to become one of the leading software companies in the world. However, the journey to success was not easy, and Vembu has often spoken about the challenges he faced in the early days of the company.
Srinivasan’s claim that she used her income to support Vembu during the early days of Zoho raises questions about the role of family members in supporting entrepreneurs. Many entrepreneurs rely on the support of their family members, who often make sacrifices to help them achieve their dreams. However, when the company becomes successful, the distribution of wealth and ownership can become a contentious issue.
In this case, Srinivasan’s claim that she owns only 5% of Zoho, despite her financial support during the early days of the company, has sparked a debate about the fairness of the distribution of wealth. While Vembu’s sister, Radha, is the largest shareholder of the company, Srinivasan’s stake is significantly smaller.
The recent court order in the US, which has ordered Vembu to post a $17 billion bond in the divorce case, has brought the issue into the spotlight. The court order is a significant development in the case, and it remains to be seen how the distribution of wealth will be resolved.
As the case unfolds, it is clear that the story of Zoho’s success is not just about Sridhar Vembu’s entrepreneurial spirit, but also about the role of family members in supporting him. Srinivasan’s claim that she used her income to support Vembu during the early days of the company has raised questions about the distribution of wealth and the fairness of the ownership structure.
In conclusion, the story of Sridhar Vembu and Zoho is a complex one, with many twists and turns. While Vembu’s success is an inspiration to many, the recent revelation about the distribution of wealth has raised eyebrows. As the case unfolds, it remains to be seen how the issue will be resolved, and what the outcome will be for Srinivasan and Vembu.
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