I used my income so he could focus on Zoho, now he says I own just 5% of it: Vembu’s wife
In a shocking revelation, Pramila Srinivasan, the wife of billionaire Sridhar Vembu, has come forward with a stunning claim that has sent shockwaves through the business world. Srinivasan, who has been married to Vembu for over two decades, has alleged that she used her own income to support her husband’s entrepreneurial ventures, including the building of Zoho, a highly successful software company. However, in a stunning twist, Vembu has now claimed that his wife owns only 5% of the company, despite her significant contributions to its growth.
The controversy surrounding the ownership of Zoho has come to light as part of a divorce case filed by Vembu in a US court. According to Srinivasan, she was shocked to learn that her husband had claimed to own a majority stake in the company, with his sister Radha being the largest shareholder with a 47.8% stake. Srinivasan has expressed her dismay and disappointment at the revelation, stating that she had sacrificed her own career and income to support her husband’s dreams, only to be told that her contributions were worth a mere 5% of the company.
The story of Sridhar Vembu and Zoho is one of rags-to-riches success. Vembu, who quit his job to pursue his entrepreneurial dreams, had the full support of his wife, who used her own income to fund his ventures. Srinivasan, who had a successful career of her own, put her own ambitions on hold to support her husband’s vision. Together, they worked tirelessly to build Zoho from the ground up, with Srinivasan playing a crucial role in the company’s early days.
However, as the company grew and became increasingly successful, Srinivasan began to take a backseat, allowing her husband to take the reins. It was only when Vembu filed for divorce that Srinivasan discovered the true extent of her husband’s claims. According to court documents, Vembu has claimed that his wife owns only 5% of Zoho, a claim that Srinivasan has vehemently disputed.
The dispute over the ownership of Zoho has raised questions about the role of women in entrepreneurship and the sacrifices they make to support their partners’ ventures. Srinivasan’s story is a stark reminder of the often-overlooked contributions that women make to their partners’ success. Despite being a successful professional in her own right, Srinivasan put her own career on hold to support her husband’s dreams, only to be told that her contributions were worth a mere fraction of the company.
The case has also raised questions about the valuation of Zoho, which is estimated to be worth billions of dollars. With Vembu’s sister Radha holding a 47.8% stake in the company, it is clear that the Vembu family has significant control over the company’s operations. However, Srinivasan’s claims have raised questions about the true ownership structure of the company and the role of other stakeholders.
As the divorce case continues to unfold, it is clear that the dispute over the ownership of Zoho will have significant implications for the company’s future. With Srinivasan disputing her husband’s claims and seeking a larger share of the company, it is likely that the case will be closely watched by investors, employees, and industry observers.
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 bond is intended to ensure that Vembu does not attempt to transfer or hide assets during the divorce proceedings, and it is seen as a major setback for the billionaire entrepreneur.
As the case continues to unfold, it is clear that the dispute over the ownership of Zoho will have far-reaching implications for the company and its stakeholders. With Srinivasan seeking justice and a fair share of the company, it is likely that the case will be closely watched by the business community and the general public.
In conclusion, the story of Sridhar Vembu and Zoho is a complex and intriguing one, filled with twists and turns that have raised questions about the role of women in entrepreneurship and the sacrifices they make to support their partners’ ventures. As the divorce case continues to unfold, it is clear that the dispute over the ownership of Zoho will have significant implications for the company’s future, and it is likely that the case will be closely watched by investors, employees, and industry observers.
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