I used my income so he could focus on Zoho, now he says I own just 5% of it: Vembu’s wife
The world of entrepreneurship is often filled with stories of sacrifice and dedication. For Pramila Srinivasan, the wife of billionaire Sridhar Vembu, this sacrifice was very personal. In a shocking revelation, Srinivasan has come forward to share her side of the story, one that involves the building of Zoho, a company that has become a household name in the world of software.
It all began when Sridhar Vembu quit his job to pursue his dream of building a company. At the time, Srinivasan was the primary breadwinner, using her income to support Vembu as he worked tirelessly to turn his vision into a reality. “I remember the early days, when Sridhar would spend hours upon hours working on his idea,” Srinivasan recalled. “I was happy to support him, using my income to ensure that we could make ends meet while he focused on building the company.”
As the years went by, Zoho began to take shape. The company, which was initially called AdventNet, started to gain traction, and soon, it was clear that Vembu’s hard work was paying off. Srinivasan was proud of her husband’s accomplishments, and she continued to support him, both emotionally and financially.
However, in a stunning turn of events, Srinivasan’s world was turned upside down when Vembu filed for divorce. It was during this time that she learned a shocking truth – Vembu claimed to own only 5% of the company that they had built together. “I felt shocked and betrayed,” Srinivasan said. “I had used my income to support Sridhar, allowing him to focus on building Zoho. To learn that he claimed to own such a small percentage of the company was devastating.”
But that was not all – Srinivasan soon discovered that Vembu’s sister, Radha, was the largest shareholder of Zoho, with a staggering 47.8% stake. “I couldn’t believe it,” Srinivasan said. “I had supported Sridhar for all those years, and now, it seemed that his sister was the one who was reaping the benefits.”
The news has sent shockwaves through the business community, with many questioning the ownership structure of Zoho. How could a company that was built with the support of Srinivasan’s income be owned largely by Vembu’s sister? The answer, it seems, lies in the complex web of relationships and financial dealings that have taken place over the years.
As the divorce proceedings continue, Srinivasan is determined to seek justice. She believes that she is entitled to a fair share of the company, given her role in supporting Vembu during its formative years. “I’m not just fighting for myself,” Srinivasan said. “I’m fighting for all the women who have supported their husbands and partners in building successful businesses. We deserve to be recognized and compensated for our contributions.”
The case has also raised questions about the ownership structure of Zoho, with many calling for greater transparency. How could a company that is valued at billions of dollars be owned largely by one individual? The answer, it seems, lies in the complex world of corporate finance, where ownership structures are often opaque and difficult to decipher.
As the drama unfolds, one thing is clear – the story of Sridhar Vembu and Zoho is one of sacrifice, dedication, and ultimately, betrayal. For Pramila Srinivasan, the journey has been a long and difficult one, but she remains determined to seek justice. “I will not be silenced,” Srinivasan said. “I will continue to fight for what is rightfully mine, and I hope that my story will inspire others to do the same.”
In a recent development, a US court has ordered Sridhar Vembu to post a $1.7 billion bond in the divorce case, a move that is seen as a significant victory for Srinivasan. The case is ongoing, and it remains to be seen how it will ultimately play out. One thing is certain, however – the story of Sridhar Vembu and Zoho will be one that will be watched closely, both in the business community and beyond.
For now, Srinivasan remains focused on her goal of seeking justice. She believes that she is entitled to a fair share of the company, and she is determined to fight for it. As the world watches, one thing is clear – the story of Pramila Srinivasan and Sridhar Vembu is one that will not be forgotten anytime soon.
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