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, a recent court case has shed light on a more personal aspect of Vembu’s life, one that raises questions about the ownership and control of the company he built. According to Vembu’s wife, Pramila Srinivasan, she used her income to support Vembu as he worked to build Zoho after quitting his job. But in a shocking turn of events, Srinivasan claims that Vembu now says she owns only 5% of the company.
The news has sparked a heated debate about the role of spouses in supporting entrepreneurs and the importance of clear communication about ownership and control. Srinivasan’s story is a powerful reminder that the journey to success is often paved with sacrifices, and that those sacrifices should be recognized and valued.
According to Srinivasan, she and Vembu were married during the early days of Zoho, and she used her income to support the family while Vembu focused on building the company. “I felt like I was doing my part to help him achieve his dream,” Srinivasan said in an interview. “I never imagined that my contributions would be so undervalued.”
But when Vembu filed for divorce, Srinivasan was shocked to learn that he claimed to own only 5% of the company. “I felt like I had been punched in the gut,” she said. “I had given so much of myself to support him and the company, and to learn that I was only entitled to a small fraction of it was devastating.”
The news has also raised questions about the ownership structure of Zoho. According to reports, Vembu’s sister, Radha, is the largest shareholder of the company, with a 47.8% stake. Srinivasan’s claim of 5% ownership is significantly lower than what many expected, given her role in supporting Vembu during the early days of the company.
The case has sparked a heated debate about the role of spouses in supporting entrepreneurs and the importance of clear communication about ownership and control. Many have taken to social media to express their support for Srinivasan, arguing that her contributions to the company should be recognized and valued.
The case has also raised questions about the ownership structure of Zoho and how it is controlled. With Radha holding a significant stake in the company, many are wondering how Vembu’s divorce will affect the company’s operations and future plans.
In a recent court ruling, a US court has ordered Vembu to post a $1.7 billion bond in the divorce case. The ruling is seen as a significant victory for Srinivasan, who is seeking a larger share of the company.
As the case continues to unfold, it is clear that the story of Sridhar Vembu and Zoho is more complex than initially meets the eye. The role of spouses in supporting entrepreneurs is often overlooked, but it is clear that Srinivasan’s contributions to the company were significant.
In the end, the outcome of the case will depend on the court’s decision, but one thing is clear: the story of Sridhar Vembu and Zoho is a reminder that success is often built on the sacrifices of others. It is a reminder that the journey to success is rarely solo, and that those who contribute to that journey should be recognized and valued.
For more information on this story, please visit: https://www.thenewsminute.com/news/exclusive-us-court-orders-sridhar-vembu-to-post-17-billion-bond-in-divorce-case
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