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, with his company becoming one of the most successful software firms in the world. However, behind the scenes, a different story is unfolding, one of marital disputes and claims of unfair ownership. Vembu’s wife, Pramila Srinivasan, has come forward with a shocking revelation, stating that she used her income to support her husband’s entrepreneurial ventures, only to be told later that she owns a mere 5% of the company.
According to Srinivasan, after Vembu quit his job to pursue his passion for building Zoho, she became the primary breadwinner, using her income to support the family and fund her husband’s business endeavors. “I was happy to support my husband’s dreams, and I never thought twice about using my income to help him build Zoho,” Srinivasan said in a statement. “I felt proud to be a part of his journey, and I was excited to see the company grow and succeed.”
However, things took a turn for the worse when Vembu filed for divorce. It was then that Srinivasan discovered that her husband claimed to own only 5% of the company, despite having spent their entire marriage building it together. “I felt shocked and betrayed when I learned that he had claimed such a small ownership stake in the company,” Srinivasan said. “I had always assumed that we were in this together, and that our contributions to the company were equal.”
But what’s even more surprising is that Vembu’s sister, Radha, is the largest shareholder of Zoho, with a staggering 47.8% stake in the company. This has raised questions about the ownership structure of the company and whether Srinivasan’s contributions have been fairly recognized.
The dispute between Vembu and Srinivasan has been ongoing, with the two parties engaging in a bitter divorce battle. Recently, a US court ordered Vembu to post a $17 billion bond in the divorce case, a move that has significant implications for the ownership of Zoho.
The case highlights the importance of having clear agreements and understandings in place when it comes to business and marriage. It also raises questions about the role of women in entrepreneurship and the often-overlooked contributions they make to their partner’s business ventures.
In many cases, women play a crucial supporting role in their partner’s entrepreneurial endeavors, providing financial, emotional, and practical support. However, when it comes to ownership and recognition, they are often left behind. Srinivasan’s story is a stark reminder of the need for greater transparency and fairness in business ownership and the importance of recognizing the contributions of all parties involved.
As the divorce battle between Vembu and Srinivasan continues, it remains to be seen how the ownership of Zoho will be resolved. One thing is certain, however: Srinivasan’s story has shed light on the often-hidden struggles of women in entrepreneurship and the need for greater recognition and fairness in business ownership.
In conclusion, the story of Sridhar Vembu and Pramila Srinivasan serves as a reminder of the complexities and challenges of entrepreneurship and marriage. While Vembu’s success with Zoho is undoubtedly impressive, it is essential to recognize the contributions of all parties involved, including those who have provided support and funding behind the scenes.
As we celebrate the successes of entrepreneurs and business leaders, we must also acknowledge the often-overlooked contributions of their partners and supporters. Only by recognizing and valuing these contributions can we create a more fair and equitable business environment, where everyone has the opportunity to succeed and thrive.
News source: https://www.thenewsminute.com/news/exclusive-us-court-orders-sridhar-vembu-to-post-17-billion-bond-in-divorce-case
About the Author
