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 by his wife, Pramila Srinivasan, has shed light on the lesser-known aspects of Vembu’s personal life and the true ownership structure of Zoho. In a shocking turn of events, Srinivasan has come forward to claim that she used her income to support Vembu when he quit his job to focus on building Zoho, only to learn later that he claimed to own just 5% of the company.
According to Srinivasan, she was the primary breadwinner in the family when Vembu decided to leave his job and pursue his entrepreneurial dreams. She used her income to support the family, allowing Vembu to focus on building Zoho from the ground up. The couple’s marriage was built on trust, love, and mutual support, with Srinivasan sacrificing her own career ambitions to help Vembu achieve his goals. However, little did she know that her sacrifices would not be recognized or valued in the way she had expected.
The revelation came as a shock to Srinivasan when Vembu filed for divorce. It was then that she learned that Vembu claimed to own just 5% of Zoho, the company he had spent their marriage building. This news was not only devastating but also raised questions about the true ownership structure of the company. If Vembu owned only 5% of Zoho, then who owned the remaining 95%? The answer, it turns out, lies with Vembu’s sister, Radha, who is the largest shareholder of Zoho with a staggering 47.8% stake.
The news has sent shockwaves through the business community, with many questioning the ethics and fairness of Vembu’s actions. How could a person who had spent their marriage building a company claim to own such a small percentage of it? The answer, it seems, lies in the complex web of family relationships and business dealings that are often characteristic of successful entrepreneurs.
As the story unfolds, it becomes clear that Vembu’s sister, Radha, has been an integral part of Zoho’s success. She has been instrumental in shaping the company’s strategy and has played a key role in its growth and development. However, the fact that she owns nearly 50% of the company raises questions about the distribution of wealth and power within the family.
The case has also sparked a debate about the rights of spouses in business ownership. Should a spouse who has supported their partner’s entrepreneurial ventures be entitled to a share of the company’s ownership? The answer, it seems, is not a simple one. While some argue that a spouse’s contributions should be recognized and valued, others argue that business ownership is a separate entity from personal relationships.
As the divorce case unfolds, Srinivasan is fighting for her rights and seeking a fair share of the company’s ownership. The US court has recently ordered Vembu to post a $1.7 billion bond in the divorce case, a move that is seen as a significant victory for Srinivasan. The case is a complex one, with many twists and turns, but one thing is clear: the true ownership structure of Zoho is far more complex than initially thought.
The story of Sridhar Vembu and Pramila Srinivasan serves as a reminder that the world of business is often fraught with complexity and nuance. While Vembu’s success is undoubtedly an inspiration to many, it also highlights the importance of fairness, transparency, and ethics in business dealings. As the case continues to unfold, one thing is certain: the outcome will have far-reaching implications for the business community and beyond.
In conclusion, the story of Sridhar Vembu and Pramila Srinivasan is a cautionary tale about the importance of fairness and transparency in business ownership. While Vembu’s success is undoubtedly an inspiration to many, it also highlights the need for spouses to be recognized and valued for their contributions to their partner’s entrepreneurial ventures. As the case continues to unfold, we can only hope that justice will be served and that the true ownership structure of Zoho will be revealed.
News Source: https://www.thenewsminute.com/news/exclusive-us-court-orders-sridhar-vembu-to-post-17-billion-bond-in-divorce-case
About the Author
