I used my income so he could focus on Zoho, now he says he owns just 5% of it: Vembu's wife

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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. However, behind every successful man, there is often an unsung hero, and in Vembu’s case, it was his wife, Pramila Srinivasan. In a shocking turn of events, Srinivasan has come forward to reveal that she used her income to support Vembu as he built Zoho from the ground up, only to be told that she owns just 5% of the company after he filed for divorce.

The news has sent shockwaves through the business world, with many questioning the ethics of Vembu’s actions. According to Srinivasan, she was the primary breadwinner in the family when Vembu quit his job to pursue his dream of building Zoho. She used her income to support the family, allowing Vembu to focus on his business without the burden of a steady paycheck. This sacrifice was made with the understanding that they were building a life together, and that Zoho was a joint effort.

However, when Vembu filed for divorce, Srinivasan was shocked to learn that he claimed to own just 5% of the company. This revelation has left her feeling betrayed and confused, as she had always believed that they were equal partners in the business. “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.

But what’s even more surprising is that Vembu’s sister, Radha, is Zoho’s largest shareholder, with a staggering 47.8% stake in the company. This has raised questions about the ownership structure of Zoho and how Vembu’s family members have benefited from the company’s success.

The news of Vembu’s divorce and the subsequent revelation about the ownership of Zoho has sparked a heated debate about the role of family members in business and the importance of transparency in corporate ownership. Many are questioning how Vembu’s sister came to own such a large stake in the company, and whether Srinivasan’s contributions to the business have been fairly recognized.

The case has also highlighted the importance of having clear and transparent ownership structures in place, particularly in family-owned businesses. The lack of clarity around Zoho’s ownership has led to a very public and messy divorce battle, with Vembu being ordered to post a $17 billion bond in the divorce case.

As the case continues to unfold, it will be interesting to see how the ownership of Zoho is ultimately resolved. One thing is certain, however: Srinivasan’s contributions to the business should not be overlooked. Her sacrifice and support were instrumental in helping Vembu build Zoho into the successful company it is today.

In conclusion, the story of Sridhar Vembu and Pramila Srinivasan serves as a reminder of the importance of transparency and fairness in business, particularly when it comes to family-owned companies. The case highlights the need for clear ownership structures and the recognition of all contributions, regardless of whether they are financial or emotional.

As the business world continues to watch this story unfold, one thing is certain: the outcome will have significant implications for the way we think about family-owned businesses and the importance of recognizing the contributions of all stakeholders.