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 revelation, Pramila Srinivasan, the wife of billionaire Sridhar Vembu, has come forward with a stunning claim. According to Srinivasan, she used her own income to support her husband’s vision of building Zoho, a successful software company, after he quit his job to pursue his entrepreneurial dreams. However, in a bitter 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 into a global phenomenon, offering a range of software products and services. However, behind the scenes, it appears that Vembu’s wife, Pramila Srinivasan, played a crucial role in supporting her husband’s endeavors.
In an interview, Srinivasan revealed that she used her own income to support the family while Vembu focused on building Zoho. “I was the breadwinner of the family, and I used my income to support my husband’s dreams,” she said. “I felt proud to be a part of his journey, and I never imagined that one day he would claim that I own only 5% of the company he built.”
The revelation came as a shock to Srinivasan when Vembu filed for divorce. It was only then that she discovered that her husband had claimed to own only 5% of Zoho, leaving her feeling stunned and betrayed. “I felt shocked to learn that he claimed to own just 5% of the company he’d spent our marriage building,” Srinivasan said. “I had always believed that we were partners in every sense of the word, and that our marriage was a partnership of equals.”
However, it appears that Vembu’s family members have a significant stake in the company. According to reports, Vembu’s sister, Radha, is the largest shareholder of Zoho, with a whopping 47.8% stake. This has raised questions about the ownership structure of the company and how Vembu’s family members have benefited from the company’s success.
The dispute between Vembu and his wife has taken a bitter turn, with a US court ordering Vembu to post a $17 billion bond in their divorce case. The court’s decision is a significant development in the case, and it remains to be seen how the dispute will be resolved.
The story of Sridhar Vembu and Zoho serves as a reminder that behind every successful entrepreneur, there are often unsung heroes who have supported them along the way. In this case, it appears that Pramila Srinivasan played a crucial role in supporting her husband’s dreams, only to be left feeling shocked and betrayed by his claims of ownership.
As the dispute between Vembu and his wife continues to unfold, it will be interesting to see how the story develops. One thing is certain, however: the story of Sridhar Vembu and Zoho is a complex one, with many twists and turns. As more details emerge, it will be fascinating to see how the saga unfolds.
In conclusion, the story of Sridhar Vembu and Zoho is a reminder that success is often a team effort. While Vembu may be the public face of the company, it is clear that his wife, Pramila Srinivasan, played a significant role in supporting him along the way. As the dispute between Vembu and his wife continues to unfold, it will be interesting to see how the story develops and how the ownership structure of Zoho is ultimately resolved.
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