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 untold story of sacrifice and support. In this case, it is the story of Vembu’s wife, Pramila Srinivasan, who claims to have played a crucial role in the founding and growth of Zoho. In a shocking turn of events, Srinivasan has come forward to reveal that she used her own income to support Vembu while he was building Zoho, only to be told years later that she owns just 5% of the company.
According to Srinivasan, she and Vembu were married when he quit his job to pursue his entrepreneurial dreams. At the time, Vembu had a vision for a new kind of software company, one that would provide innovative and affordable solutions to businesses. However, this vision came with a significant financial risk, and Vembu needed financial support to make it a reality. That’s where Srinivasan came in, using her own income to support Vembu while he worked tirelessly to build Zoho from the ground up.
“I remember the early days of Zoho, when Sridhar would work for hours on end, barely sleeping or eating,” Srinivasan said in an interview. “I was his rock, his support system, and his partner in every sense of the word. I used my income to pay the bills, to put food on the table, and to give Sridhar the freedom to focus on building Zoho.”
As Zoho began to grow and gain traction, Srinivasan continued to play a supporting role, managing the household and taking care of their family while Vembu focused on the business. She was his confidante, his advisor, and his partner, and she believed that she was an integral part of Zoho’s success.
However, when Vembu filed for divorce, Srinivasan was shocked to learn that he claimed to own just 5% of the company. This was a revelation that left her feeling betrayed and confused, as she had always believed that she and Vembu were equal partners in the business.
“I felt like I had been punched in the gut,” Srinivasan said. “I had given my all to support Sridhar and Zoho, and to learn that he was claiming to own such a small percentage of the company was devastating. It was like all my sacrifices, all my hard work, had been for nothing.”
But Srinivasan’s story is not just one of personal betrayal; it also raises important questions about the ownership structure of Zoho. According to reports, Vembu’s sister, Radha, is the largest shareholder of Zoho, with a 47.8% stake in the company. This has led to speculation about the role of family members in the business and the extent to which they have benefited from Vembu’s success.
The case has also sparked a wider debate about the rights of spouses in entrepreneurial ventures. When one partner supports the other in building a business, what are their entitlements? Do they have a claim to ownership or equity in the company? These are questions that are being asked in courts and boardrooms around the world, and they are particularly relevant in the case of Srinivasan and Vembu.
As the divorce case continues to unfold, Srinivasan is seeking justice and a fair share of the company that she helped to build. Her story is a reminder that behind every successful entrepreneur, there are often unseen sacrifices and unseen partners. It is a story that highlights the importance of fairness, equity, and transparency in business and in marriage.
In a recent development, a US court has ordered Sridhar Vembu to post a $17 billion bond in the divorce case, a move that is seen as a significant victory for Srinivasan. The case is ongoing, and its outcome will have significant implications for the future of Zoho and for the rights of spouses in entrepreneurial ventures.
As we wait for the outcome of this case, one thing is clear: the story of Srinivasan and Vembu is a complex and multifaceted one, full of twists and turns. It is a story that raises important questions about business, marriage, and the rights of spouses. And it is a story that will continue to unfold in the months and years to come.
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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