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 is his wife, Pramila Srinivasan. 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 later that she owns just 5% of the company.
According to Srinivasan, after Vembu quit his job to pursue his entrepreneurial dreams, she became the breadwinner of the family. She used her income to support Vembu, allowing him to focus on building Zoho without worrying about the financial stability of their family. This was a crucial period in the company’s history, and Srinivasan’s support was instrumental in helping Vembu to navigate the challenges of starting a new business.
However, in a stunning revelation, Srinivasan has claimed that she was shocked to learn that Vembu had filed for divorce, and that he was claiming to own just 5% of the company that they had built together. This news came as a bolt out of the blue for Srinivasan, who had sacrificed her own career and financial stability to support Vembu’s dreams.
The situation has become even more complicated with the revelation that Vembu’s sister, Radha, is the largest shareholder of Zoho, with a staggering 47.8% stake in the company. This has raised questions about the ownership structure of the company and the role that Srinivasan played in its success.
Srinivasan’s story is a reminder that the journey to success is often paved with sacrifices, and that the people who make those sacrifices are often overlooked. In this case, Srinivasan’s contribution to Vembu’s success was not just financial, but also emotional. She was the rock that supported Vembu during the tough times, and her role in the company’s success cannot be overstated.
The fact that Vembu is now claiming to own just 5% of the company has raised eyebrows, and has sparked a heated debate about the ownership structure of Zoho. The company has been tight-lipped about the issue, but it is clear that Srinivasan’s claims have thrown a spanner in the works.
As the news of Srinivasan’s claims broke, the business community was left stunned. How could a woman who had sacrificed so much for her husband’s success be treated in such a way? The answer, it seems, lies in the complex web of relationships and ownership structures that exist within the company.
Vembu’s sister, Radha, is not just a passive shareholder. She has been instrumental in shaping the company’s strategy and direction, and her 47.8% stake in the company gives her significant control over its operations. This has raised questions about the role that family members play in the company, and whether they are unduly influencing the decision-making process.
The situation has become even more complicated with the revelation that a US court has ordered Vembu to post a $1.7 billion bond in the divorce case. This is a staggering amount, and it highlights the high stakes involved in the case.
As the drama unfolds, one thing is clear: Srinivasan’s story is a reminder that the journey to success is often paved with sacrifices, and that the people who make those sacrifices are often overlooked. Her claims have sparked a heated debate about the ownership structure of Zoho, and have raised questions about the role that family members play in the company.
In the end, the outcome of the divorce case will have significant implications for the future of Zoho. Will Srinivasan be recognized as a co-founder of the company, and will she receive the compensation she deserves for her role in its success? Only time will tell, but one thing is certain: Srinivasan’s story is a testament to the power of sacrifice and determination, and it will serve as a reminder to entrepreneurs and business leaders around the world of the importance of recognizing and rewarding the people who contribute to their success.
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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