I used my income so he could focus on Zoho, now he says he owns just 5% of it: Vembu’s wife
The world of entrepreneurship and business is often filled with stories of sacrifice, hard work, and dedication. For many, building a successful company requires putting in long hours, making financial sacrifices, and relying on the support of loved ones. However, what happens when the people who have made those sacrifices are not recognized or rewarded for their contributions? This is the story of Pramila Srinivasan, the wife of billionaire Sridhar Vembu, founder of Zoho Corporation.
Pramila Srinivasan recently came forward with a shocking revelation about her husband’s company, Zoho. According to her, she used her own income to support Vembu while he was building the company, allowing him to focus on his entrepreneurial pursuits without the burden of a steady paycheck. This was a deliberate decision made by the couple, with Srinivasan taking on the role of primary breadwinner so that Vembu could devote himself to growing Zoho.
However, in a stunning turn of events, Srinivasan claims that she was left feeling shocked and betrayed when she discovered that her husband had claimed to own only 5% of the company he had spent their marriage building. This revelation came to light only after Vembu filed for divorce, leaving Srinivasan feeling blindsided and confused.
But that’s not all – according to reports, Vembu’s sister Radha is actually the largest shareholder of Zoho, with a whopping 47.8% stake in the company. This has raised questions about the ownership structure of Zoho and how the company’s shares are distributed among its founders and stakeholders.
Srinivasan’s story highlights the often-overlooked contributions of spouses and partners in the world of entrepreneurship. While Vembu was busy building Zoho, Srinivasan was working hard to support him, using her own income to keep their family afloat. This is a common scenario in many entrepreneurial households, where one partner takes on the role of primary breadwinner while the other focuses on building their business.
However, Srinivasan’s experience also raises important questions about the rights and recognition of spouses and partners in entrepreneurial ventures. If a partner has made significant financial sacrifices to support their spouse’s business, do they not have a right to a share of the company’s ownership or profits? Shouldn’t their contributions be recognized and valued, rather than dismissed or overlooked?
The case of Srinivasan and Vembu is a complex one, with many nuances and complexities. However, at its core, it highlights the importance of recognizing and valuing the contributions of all stakeholders in a business, including spouses and partners. As the world of entrepreneurship continues to evolve and grow, it’s essential that we prioritize fairness, equity, and recognition for all those who have made sacrifices to support their loved ones’ business ventures.
In a recent development, a US court has ordered Sridhar Vembu to post a $1.7 billion bond in the divorce case, highlighting the high stakes involved in the dispute. As the case continues to unfold, it will be interesting to see how the issue of Zoho’s ownership is resolved and whether Srinivasan’s contributions to the company will be recognized and valued.
In conclusion, the story of Pramila Srinivasan and Sridhar Vembu serves as a reminder of the importance of recognizing and valuing the contributions of all stakeholders in a business, including spouses and partners. As we celebrate the successes of entrepreneurs and business leaders, let’s not forget the often-overlooked partners and spouses who have made significant sacrifices to support their loved ones’ ventures.
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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