I used my income so he could focus on Zoho, now he says I own just 5% of it: Vembu’s wife
The world of entrepreneurship is often marked by stories of sacrifice and dedication. For Pramila Srinivasan, the wife of billionaire Sridhar Vembu, this sacrifice was not just emotional but also financial. In a shocking revelation, Srinivasan has come forward to share her side of the story in the ongoing divorce case against her husband, the founder of Zoho Corporation. According to Srinivasan, she used her own income to support Vembu as he pursued his dream of building Zoho, sacrificing her own career and financial stability in the process.
The story of Zoho’s founding is one of passion and perseverance. Vembu, a talented engineer, had a vision for a new kind of software company, one that would challenge the status quo and provide innovative solutions to businesses around the world. However, this vision came with a significant personal cost. After quitting his job to focus on Zoho, Vembu relied heavily on his wife’s income to make ends meet. Srinivasan, who had a successful career of her own, chose to put her husband’s dreams first, using her earnings to support the family as Vembu worked tirelessly to build Zoho from the ground up.
Years of hard work and sacrifice eventually paid off, as Zoho grew into a successful and profitable company. However, the fruits of this success have become a point of contention in the divorce case between Vembu and Srinivasan. In a stunning claim, Vembu has stated that he owns only 5% of the company, despite being its founder and driving force. This claim has left Srinivasan feeling shocked and betrayed, as she had assumed that her contributions to the company’s early success would be recognized and valued.
The reality, however, is that Vembu’s sister, Radha, is the largest shareholder of Zoho, with a staggering 47.8% stake in the company. This has raised questions about the ownership structure of Zoho and how it has been managed over the years. Srinivasan’s allegations suggest that Vembu’s family members may have been given significant stakes in the company, potentially at the expense of his wife’s contributions.
The divorce case between Vembu and Srinivasan has been making headlines in recent months, with a US court ordering Vembu to post a $1.7 billion bond to secure his wife’s interests in the company. This move is seen as a significant victory for Srinivasan, who is fighting to protect her rights as a co-founder of Zoho. The court’s decision recognizes the significant contributions that Srinivasan made to the company’s early success and acknowledges that she may have a legitimate claim to a larger share of the company’s assets.
As the divorce case continues to unfold, it is clear that the story of Zoho’s founding is more complex than initially meets the eye. The sacrifices made by Srinivasan, both financial and emotional, have been instrumental in the company’s success. It is only fair that her contributions are recognized and valued, both in terms of her role in the company’s early days and her rightful share of its assets.
The case also raises important questions about the role of women in entrepreneurship and the sacrifices they often make to support their partners’ business ventures. Srinivasan’s story is a powerful reminder that the success of any business is often the result of a collective effort, and that the contributions of all parties involved should be recognized and respected.
As the world watches the drama unfold, one thing is clear: the story of Zoho’s founding is one of passion, perseverance, and sacrifice. However, it is also a story of betrayal and deceit, as Vembu’s claims of owning only 5% of the company have left his wife feeling shocked and betrayed. The outcome of the divorce case will have significant implications not just for the parties involved but also for the broader business community, as it highlights the importance of recognizing and valuing the contributions of all stakeholders in a company’s success.
In conclusion, the story of Pramila Srinivasan and Sridhar Vembu serves as a reminder that the world of entrepreneurship is often marked by complex relationships and competing interests. As we watch the drama unfold, it is essential to recognize the sacrifices made by Srinivasan and the importance of valuing the contributions of all parties involved in a company’s success.
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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