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 technology and entrepreneurship is often filled with stories of rags-to-riches, of individuals who have turned their passions into billion-dollar companies. One such story is that of Sridhar Vembu, the founder of Zoho, a cloud-based software company that has made waves in the industry. However, behind every successful man, there is often a woman who has played a crucial role in his journey. In this case, it is Pramila Srinivasan, Vembu’s wife, who has come forward with a shocking revelation that has left many stunned.
In a recent court filing, Srinivasan has alleged that she used her income to support Vembu while he was building Zoho, allowing him to focus on his business without any financial worries. However, what is shocking is that Vembu has now claimed that he owns only 5% of the company, despite having spent their entire marriage building it. This revelation has left Srinivasan feeling shocked and betrayed, and she has taken to the courts to seek justice.
The story of Vembu and Srinivasan’s marriage is one of love, support, and sacrifice. The two were married in India and later moved to the United States, where Vembu pursued his dream of building a successful software company. Srinivasan, who was working at the time, used her income to support the family, allowing Vembu to focus on his business without any financial stress. She was his rock, his confidante, and his partner in every sense of the word.
As Zoho began to take off, Vembu’s fortunes changed dramatically. The company grew rapidly, and Vembu became a billionaire. However, despite his success, Vembu’s marriage to Srinivasan began to fray. The two eventually separated, and Vembu filed for divorce. It was during this process that Srinivasan discovered the shocking truth about Vembu’s ownership of Zoho.
According to court documents, Vembu has claimed that he owns only 5% of Zoho, despite having spent their entire marriage building the company. This has left Srinivasan feeling shocked, betrayed, and confused. She has alleged that Vembu’s claim is false and that she is entitled to a significant share of the company.
But what is even more surprising is that Vembu’s sister, Radha, is the largest shareholder of Zoho, with a 47.8% stake. This has raised questions about the ownership structure of the company and whether Vembu’s claim of owning only 5% is genuine.
The court battle between Vembu and Srinivasan is ongoing, with both parties presenting their arguments and evidence. However, one thing is clear: Srinivasan’s contribution to Vembu’s success cannot be overstated. She was his partner, his friend, and his confidante, and she played a crucial role in helping him build Zoho into the successful company it is today.
As the court case continues, it will be interesting to see how the ownership structure of Zoho is ultimately determined. One thing is certain, however: Srinivasan’s story is a reminder that behind every successful man, there is often a woman who has played a crucial role in his journey. Her sacrifice, support, and love have helped shape the company into what it is today, and she deserves to be recognized and rewarded for her contributions.
The case has also raised questions about the rights of spouses in business ownership and the importance of having clear agreements in place. It is a reminder that marriage is a partnership, not just emotionally but also financially, and that both partners should be recognized and rewarded for their contributions.
In conclusion, the story of Srinivasan and Vembu is a complex one, filled with twists and turns. However, one thing is clear: Srinivasan’s contribution to Vembu’s success cannot be overstated, and she deserves to be recognized and rewarded for her role in building Zoho into the successful company it is today.
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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