I used my income so he could focus on Zoho, now he says he owns just 5% of it: Vembu's wife

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I used my income so he could focus on Zoho, now he says I own just 5% of it: Vembu’s wife

In a shocking turn of events, Pramila Srinivasan, the wife of billionaire Sridhar Vembu, has come forward with a startling revelation. Srinivasan claims that she used her income to support her husband’s entrepreneurial ventures, particularly Zoho, after he quit his job to pursue his passion. However, in a stunning twist, Vembu has now claimed that he owns only 5% of the company, leaving his wife feeling shocked and betrayed.

The story of Sridhar Vembu and Zoho is one of rags-to-riches success. Vembu, an Indian entrepreneur, founded Zoho in 1996, and the company has since grown to become a leading provider of cloud-based business solutions. However, behind the scenes, Srinivasan alleges that she played a crucial role in supporting her husband’s endeavors, using her income to help build the company from the ground up.

“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 left her feeling stunned and disappointed, as she had assumed that her contributions to the company would be recognized and valued.

The situation has taken a complex turn, with Vembu’s sister, Radha, emerging as the largest shareholder of Zoho, with a 47.8% stake. This has raised questions about the ownership structure of the company and the role of family members in the business.

The news of Vembu’s divorce and the subsequent claims about the ownership of Zoho have sent shockwaves through the business community. Many are left wondering how a company that has been built over decades can be reduced to a mere 5% ownership stake for its founder.

The case has also sparked a debate about the role of spouses in supporting entrepreneurial ventures. Srinivasan’s story highlights the often-overlooked contributions that spouses make to their partner’s businesses, often sacrificing their own careers and financial stability to support their partner’s dreams.

As the case unfolds, it remains to be seen how the ownership of Zoho will be resolved. One thing is certain, however: the story of Sridhar Vembu and Zoho serves as a cautionary tale about the importance of clear communication and transparency in business and personal relationships.

The recent development in the case has seen a US court order Sridhar Vembu to post a $1.7 billion bond in the divorce case. This move is seen as a significant step towards ensuring that Srinivasan’s interests are protected and that she receives a fair share of the company’s assets.

As the world watches the drama unfold, one thing is clear: the story of Sridhar Vembu and Zoho is a complex and intriguing one, full of twists and turns. The outcome of the case will have significant implications not only for the parties involved but also for the business community at large.

In conclusion, the story of Pramila Srinivasan and Sridhar Vembu serves as a reminder of the importance of transparency and communication in business and personal relationships. The case highlights the often-overlooked contributions that spouses make to their partner’s businesses and the need for clear ownership structures and agreements.

The outcome of the case will be closely watched, and its implications will be far-reaching. One thing is certain, however: the story of Sridhar Vembu and Zoho will be remembered as a cautionary tale about the importance of clarity and transparency in business and personal relationships.