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, a recent revelation has shed a different light on the entrepreneur’s personal life. In a shocking turn of events, Vembu’s wife, Pramila Srinivasan, has come forward with a claim that has left many stunned. According to Srinivasan, she used her own income to support Vembu as he built Zoho from scratch, only to discover that he claims to own just 5% of the company.
The revelation came to light after Vembu filed for divorce, leaving Srinivasan feeling shocked and betrayed. “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 claim has raised eyebrows, especially given the fact that Vembu’s sister, Radha, is the largest shareholder of Zoho, with a staggering 47.8% stake.
The story of how Zoho was built is a fascinating one. After quitting his job, Vembu dedicated himself to building the company, with Srinivasan supporting him financially. “I used my income to support him, so he could focus on building Zoho,” she said. This sacrifice was made with the understanding that they were building a life together, both personally and professionally. However, it now appears that Vembu had other plans.
The fact that Vembu claims to own just 5% of Zoho has raised questions about the ownership structure of the company. If Srinivasan’s claims are true, it would mean that Vembu’s stake in the company is significantly lower than what was previously thought. This has sparked a debate about the distribution of wealth and the role of family members in the company.
Vembu’s sister, Radha, being the largest shareholder of Zoho, has also raised eyebrows. While it is not uncommon for family members to be involved in business, the fact that Radha holds such a significant stake in the company has led to questions about the dynamics of the Vembu family. It is unclear how Radha’s stake in the company was acquired, and whether Srinivasan had any knowledge of the ownership structure.
The divorce case between Vembu and Srinivasan is ongoing, with a US court recently ordering Vembu to post a $17 billion bond. The case has brought to light the complexities of the Vembu family’s financial dealings and has sparked a debate about the role of family members in business.
As the case unfolds, it will be interesting to see how the ownership structure of Zoho is revealed. Will Srinivasan’s claims be substantiated, or will Vembu’s version of events be proven true? One thing is certain, however – the story of Zoho and the Vembu family is far more complex than initially thought.
The case also raises questions about the rights of spouses in business. If Srinivasan’s claims are true, it would mean that she played a significant role in building Zoho, only to be left with a minimal stake in the company. This has sparked a debate about the importance of protecting the rights of spouses in business, particularly in cases where they have made significant contributions to the company.
As the world watches the drama unfold, one thing is clear – the story of Zoho and the Vembu family is a complex one, full of twists and turns. While Vembu’s success is undeniable, the revelation about the ownership structure of Zoho has raised more questions than answers.
In conclusion, the story of Sridhar Vembu and Zoho is a fascinating one, full of twists and turns. While Vembu’s success is undeniable, the revelation about the ownership structure of Zoho has raised questions about the role of family members in business and the rights of spouses. As the case unfolds, it will be interesting to see how the story of Zoho and the Vembu family continues to unfold.
News source: https://www.thenewsminute.com/news/exclusive-us-court-orders-sridhar-vembu-to-post-17-billion-bond-in-divorce-case
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