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, a recent revelation has thrown a spotlight on the lesser-known aspects of his personal life, particularly his divorce case. Vembu’s wife, Pramila Srinivasan, has come forward with a shocking claim that has left many stunned. According to Srinivasan, she used her income to support Vembu when he quit his job to focus on building Zoho, only to be told later that she owns just 5% of the company.
The news has sent shockwaves through the business community, with many questioning the ethics of Vembu’s actions. Srinivasan’s statement paints a picture of a devoted partner who made sacrifices for the sake of her husband’s dreams. “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,” she said. The revelation has raised questions about the ownership structure of Zoho, with Vembu’s sister Radha emerging as the largest shareholder with a 47.8% stake.
The divorce case, which is currently ongoing in a US court, has taken a dramatic turn with the court ordering Vembu to post a $17 billion bond. The bond is intended to secure Srinivasan’s interests in the company, which she claims are being undervalued by Vembu. The court’s decision is a significant development in the case, which has been making headlines for several weeks.
Srinivasan’s claim that she used her income to support Vembu during the early days of Zoho is not surprising, given the sacrifices that many entrepreneurs and their families make in pursuit of their dreams. However, the fact that Vembu has allegedly denied her a significant stake in the company has raised eyebrows. The issue of ownership and control is a sensitive one, particularly in cases where spouses have made significant contributions to the growth and success of a business.
The case has also highlighted the importance of having clear agreements and understandings in place, particularly when it comes to business ownership and control. The fact that Vembu and Srinivasan did not have a prenuptial agreement in place has made the divorce proceedings more complicated, with both parties disputing the value of their respective stakes in Zoho.
The role of Vembu’s sister, Radha, in the company has also come under scrutiny. As the largest shareholder with a 47.8% stake, Radha’s involvement in Zoho is significant. However, the fact that Vembu has allegedly denied Srinivasan a significant stake in the company has raised questions about the fairness and transparency of the ownership structure.
The case has significant implications for entrepreneurs and business owners, particularly those who are married or in long-term relationships. It highlights the importance of having clear agreements and understandings in place, particularly when it comes to business ownership and control. It also underscores the need for transparency and fairness in the distribution of assets, particularly in cases where one partner has made significant contributions to the growth and success of a business.
In conclusion, the case of Sridhar Vembu and Pramila Srinivasan is a complex and sensitive one, with significant implications for entrepreneurs and business owners. The fact that Vembu has allegedly denied Srinivasan a significant stake in Zoho has raised questions about the ethics and fairness of his actions. As the case continues to unfold, it will be interesting to see how the court ultimately rules on the matter.
The story of Vembu and Srinivasan serves as a reminder of the importance of fairness, transparency, and communication in all aspects of life, including business and personal relationships. It highlights the need for clear agreements and understandings, particularly when it comes to business ownership and control. As the business community continues to watch the case with interest, one thing is clear: the outcome will have significant implications for entrepreneurs and business owners around the world.
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