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 allegations that her husband has undervalued her contributions to the success of Zoho, a company he co-founded. According to Srinivasan, she used her own income to support Vembu’s entrepreneurial endeavors, allowing him to focus on building Zoho after he quit his job. However, in a stunning revelation, Vembu has claimed that she owns only 5% of the company, despite her significant financial and emotional investments.
The story of Sridhar Vembu and Zoho is one of rags-to-riches success. Vembu, an Indian entrepreneur, co-founded Zoho in 1996, and the company has since grown into a global software giant, with a valuation of over $10 billion. However, behind every successful man, there is often a supportive partner, and in this case, it was Pramila Srinivasan. Srinivasan, a talented professional in her own right, made significant sacrifices to support her husband’s entrepreneurial dreams.
“I remember the early days of Zoho, when my husband would spend long hours working on the company,” Srinivasan recalled. “I was the primary breadwinner, and I used my income to support our family, allowing him to focus on building the business. I felt proud to be a part of his journey, and I was happy to contribute to his success.”
However, in a shocking twist, Srinivasan has alleged that her husband has undervalued her contributions to the company. According to her, Vembu has claimed that she owns only 5% of Zoho, despite her significant financial and emotional investments in the company. This revelation came as a shock to Srinivasan, who felt that her contributions to the company’s success were being ignored.
“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. “I had always assumed that we were equal partners in the business, and that our contributions were valued equally. But it seems that my husband had other ideas.”
The news of Vembu’s divorce filing and his claims of ownership have sent shockwaves through the business community. Many have expressed surprise and outrage at the allegations, with some questioning how Vembu could undervalue his wife’s contributions to the company’s success. Others have pointed out that Vembu’s sister, Radha, is the largest shareholder of Zoho, with a 47.8% stake in the company.
The dispute between Vembu and Srinivasan 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. This has led some to speculate that Vembu may have undervalued his wife’s contributions to the company in order to minimize her share of the business.
The case has also sparked a wider debate about the role of women in entrepreneurship and the value of their contributions to business success. Many women entrepreneurs have come forward to share their own stories of struggle and sacrifice, highlighting the need for greater recognition and support for women in business.
As the dispute between Vembu and Srinivasan continues to unfold, one thing is clear: the story of Zoho is not just one of entrepreneurial success, but also of the sacrifices and contributions made by those behind the scenes. Pramila Srinivasan’s allegations have shone a light on the often-overlooked role of women in business, and have raised important questions about the value of their contributions to company success.
In a recent development, a US court has ordered Sridhar Vembu to post a $1.7 billion bond in the divorce case, in a move that is seen as a significant victory for Srinivasan. The court’s decision has been welcomed by many, who see it as a recognition of Srinivasan’s contributions to the success of Zoho.
As the case continues to unfold, it remains to be seen how the dispute between Vembu and Srinivasan will be resolved. One thing is certain, however: the story of Zoho is a complex and multifaceted one, and the contributions of all those involved, including Pramila Srinivasan, must be recognized and valued.
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