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. Vembu, who quit his job to pursue his passion for building a successful software company, is now one of the most successful entrepreneurs in the world. However, behind every successful man, there is often a supportive partner, and in Vembu’s case, it was his wife, Pramila Srinivasan. In a shocking revelation, Srinivasan has come forward to claim that she used her income to support Vembu while he was building Zoho, only to be told that she owns just 5% of the company after he filed for divorce.
According to Srinivasan, she was the primary breadwinner in the family when Vembu quit his job to focus on building Zoho. She used her income to support the family, allowing Vembu to dedicate himself to his startup. “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 in a statement. This revelation has raised questions about the ownership structure of Zoho and the role that Srinivasan played in the company’s success.
It has been reported that Vembu’s sister, Radha, is the largest shareholder of Zoho, with a 47.8% stake in the company. This has led to speculation about the ownership structure of the company and how it was divided among family members. While Vembu has not publicly commented on the matter, it is clear that the divorce proceedings have brought to light some interesting facts about the company’s ownership.
The news of Vembu’s divorce and the subsequent revelation about the ownership structure of Zoho has sent shockwaves through the business community. Many have expressed surprise at the fact that Srinivasan, who supported Vembu during the early days of the company, owns just 5% of the company. This has raised questions about the role of women in entrepreneurship and the importance of recognizing their contributions to the success of their partners.
The story of Srinivasan and Vembu is a complex one, and it highlights the challenges that many women face in the business world. Despite being a supportive partner and using her income to support Vembu’s entrepreneurial endeavors, Srinivasan has been left with just 5% of the company. This has sparked a debate about the importance of recognizing the contributions of women in entrepreneurship and the need for greater transparency in business dealings.
In recent years, there has been a growing trend of women coming forward to claim their rightful place in the business world. From entrepreneurs to investors, women are making their mark on the industry, and their contributions are being recognized. However, the story of Srinivasan and Vembu highlights the challenges that still exist and the need for greater awareness about the importance of recognizing the contributions of women in business.
The divorce proceedings between Srinivasan and Vembu are ongoing, and it is unclear how the ownership structure of Zoho will be resolved. However, one thing is clear: the story of Srinivasan and Vembu serves as a reminder of the importance of recognizing the contributions of women in entrepreneurship and the need for greater transparency in business dealings.
In a recent development, a US court has ordered Sridhar Vembu to post a $1.7 billion bond in the divorce case. This move is seen as a significant development in the case, and it highlights the complexities of the divorce proceedings. As the case continues to unfold, it will be interesting to see how the ownership structure of Zoho is resolved and what implications this will have for the company’s future.
In conclusion, the story of Srinivasan and Vembu is a complex one, and it highlights the challenges that many women face in the business world. Despite being a supportive partner and using her income to support Vembu’s entrepreneurial endeavors, Srinivasan has been left with just 5% of the company. As the divorce proceedings continue, it will be interesting to see how the ownership structure of Zoho is resolved and what implications this will have for the company’s future.
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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