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 a stunning revelation. According to Srinivasan, she used her own income to support her husband’s entrepreneurial ventures, particularly Zoho, after he quit his job to pursue his passion. 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 remarkable success. Vembu, who is now a billionaire, founded Zoho in 1996, and the company has since grown into a global software giant. However, behind every successful man, there is often a supportive partner, and in this case, it was Pramila Srinivasan. Srinivasan, who was working at the time, used her income to support Vembu’s endeavors, allowing him to focus on building Zoho without the burden of financial stress.
“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 recent statement. This revelation has left many questioning the nature of their relationship and the extent to which Srinivasan contributed to Vembu’s success.
As it turns out, Vembu’s sister, Radha, is actually the largest shareholder of Zoho, with a staggering 47.8% stake in the company. This has raised eyebrows, with many wondering why Vembu’s wife, who claims to have supported him financially during the early days of Zoho, owns such a small percentage of the company.
The news of Vembu’s divorce and the subsequent revelations about the ownership structure of Zoho have sent shockwaves through the business community. Many are left wondering how Vembu’s wife, who claims to have played such a crucial role in the company’s early days, could own so little of the company.
The case has also sparked a wider debate about the role of women in entrepreneurship and the often-overlooked contributions they make to their partner’s success. Srinivasan’s story is a stark reminder that, even in the 21st century, women’s contributions to business and entrepreneurship are often undervalued and overlooked.
As the divorce proceedings continue, Vembu has been ordered to post a $17 billion bond, a staggering amount that reflects the immense wealth that Zoho has generated over the years. However, for Srinivasan, the issue is not just about the money; it’s about the principle and the recognition of her contributions to Vembu’s success.
The story of Sridhar Vembu and Pramila Srinivasan serves as a reminder that, behind every successful entrepreneur, there are often unseen forces at play. The contributions of spouses, partners, and family members are often overlooked, but they play a crucial role in the success of any business.
As the world of entrepreneurship continues to evolve, it’s essential that we recognize and value the contributions of all individuals, regardless of their gender or relationship to the founder. The story of Pramila Srinivasan and Sridhar Vembu serves as a stark reminder of the importance of fairness, transparency, and recognition in business and relationships.
In conclusion, the story of Sridhar Vembu and Pramila Srinivasan is a complex and multifaceted one, with many twists and turns. As the divorce proceedings continue, one thing is clear: the issue of ownership and contributions to Zoho’s success will be a major point of contention. For Srinivasan, the fight is not just about the money; it’s about recognition and fairness.
Read the full story here:
https://www.thenewsminute.com/news/exclusive-us-court-orders-sridhar-vembu-to-post-17-billion-bond-in-divorce-case
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