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. From humble beginnings to building a software empire, Vembu’s journey is an inspiration to many. However, behind every successful man, there is often a woman who has made sacrifices and contributions to his success. In this case, it is Pramila Srinivasan, Vembu’s wife of many years, who has come forward with a shocking revelation.
According to Srinivasan, she used her own income to support Vembu when he quit his job to pursue his dream of building Zoho. She believed in his vision and was willing to make sacrifices to help him achieve his goals. “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 in a statement. This revelation has left many wondering about the true ownership structure of Zoho and the role that Srinivasan played in its success.
Vembu’s journey to building Zoho was not an easy one. He faced many challenges and setbacks along the way, but with the support of his wife, he was able to persevere and build a successful company. Zoho, which was founded in 1996, has grown to become one of the largest software companies in the world, with a valuation of over $10 billion. The company’s success can be attributed to Vembu’s vision and leadership, but also to the sacrifices made by his wife, who supported him financially and emotionally during the early years of the company.
However, it now appears that Srinivasan’s contributions to Zoho’s success may not be recognized in the way that she had hoped. According to reports, Vembu’s sister, Radha, is the largest shareholder of Zoho, with a 47.8% stake in the company. This has raised questions about the ownership structure of Zoho and whether Srinivasan’s contributions to the company’s success will be recognized in the form of ownership or compensation.
The news of Vembu’s divorce and the subsequent revelation about the ownership structure of Zoho has sent shockwaves through the business community. Many are wondering how a woman who played such a crucial role in the company’s success could be left with only a 5% stake. The case has also raised questions about the rights of spouses in business partnerships and the importance of recognizing the contributions of all parties involved.
In recent developments, a US court has ordered Vembu to post a $1.7 billion bond in the divorce case, pending the outcome of the trial. This move is seen as a significant development in the case, as it could potentially impact the ownership structure of Zoho and the distribution of assets between Vembu and Srinivasan.
As the case unfolds, it will be interesting to see how the court rules on the ownership structure of Zoho and the contributions made by Srinivasan to the company’s success. One thing is certain, however: the story of Sridhar Vembu and Zoho is a complex one, with many twists and turns. As more information comes to light, it is likely that we will learn even more about the inner workings of the company and the role that Srinivasan played in its success.
In conclusion, the story of Sridhar Vembu and Zoho is a cautionary tale about the importance of recognizing the contributions of all parties involved in a business partnership. It also highlights the need for clear communication and agreements about ownership and compensation. As the case continues to unfold, it will be interesting to see how the court rules and what implications this will have for the business community.
Read the full story at: https://www.thenewsminute.com/news/exclusive-us-court-orders-sridhar-vembu-to-post-17-billion-bond-in-divorce-case
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