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 filled with 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 between her and Vembu, the founder of Zoho Corporation.
According to Srinivasan, she used her income to support Vembu when he quit his job to pursue his dream of building Zoho. The couple got married, and Srinivasan, being the supportive partner, decided to use her income to take care of the family’s financial needs, allowing Vembu to focus solely on building his company. This decision was made with the understanding that they were in it together, as a team, and that their combined efforts would eventually lead to a successful and prosperous future.
However, in a stunning turn of events, Srinivasan claims that she was left shocked and devastated when Vembu filed for divorce and revealed that he owned only 5% of Zoho. This revelation came as a bolt out of the blue, leaving Srinivasan feeling betrayed and confused. “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 the largest shareholder of Zoho, with a whopping 47.8% stake in the company. This has raised several questions about the ownership structure of the company and how Vembu’s personal life has affected the business.
The news of Vembu’s divorce and the subsequent revelation about the ownership of Zoho has sent shockwaves in the business community. Many are left wondering how a company that was built on the principles of family and trust could be torn apart by personal differences.
The divorce case between Vembu and Srinivasan is currently ongoing in a US court, with Vembu being ordered to post a $17 billion bond. The case has brought to light several issues related to the ownership of Zoho and the role of Vembu’s family members in the company.
Srinivasan’s statement has sparked a debate about the role of spouses in supporting entrepreneurs and the importance of transparency in business ownership. Many are questioning how Vembu could claim to own only 5% of the company when his wife had sacrificed so much to support him in the early days of Zoho.
The story of Vembu and Srinivasan serves as a reminder that the world of entrepreneurship is not just about building successful companies, but also about the personal relationships and sacrifices that go into making it happen. It highlights the importance of trust, transparency, and communication in both personal and professional relationships.
As the divorce case continues to unfold, one thing is certain – the story of Vembu and Srinivasan will serve as a cautionary tale for entrepreneurs and their spouses. It will remind them of the importance of having open and honest conversations about their finances, goals, and expectations, both in their personal and professional lives.
In conclusion, the story of Pramila Srinivasan and Sridhar Vembu is a complex and multifaceted one, filled with twists and turns that have left many in the business community stunned. As the case continues to unfold, we can only hope that justice is served and that the truth about the ownership of Zoho is finally revealed.
About the Author
