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 that has been widely reported and admired. Vembu’s rags-to-riches tale, which saw him build a successful software company from scratch, has inspired countless entrepreneurs and business leaders around the world. However, a recent court case in the United States has shed new light on the personal life of the Zoho founder, and the story is not as straightforward as it initially seemed.
According to a report, Vembu’s wife, Pramila Srinivasan, has come forward to reveal that she played a crucial role in supporting her husband’s entrepreneurial endeavors, including the founding and growth of Zoho. Srinivasan, who is currently embroiled in a divorce case with Vembu, has stated that she used her own income to support her husband’s business ventures, allowing him to focus on building Zoho.
“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,” Srinivasan said in a statement. This revelation has sparked a heated debate about the role of spouses in supporting entrepreneurs and the importance of recognizing their contributions.
Vembu’s journey to success is well-documented. After quitting his job, he dedicated himself to building Zoho, which has since grown into a successful software company with a valuation of over $10 billion. However, what is less well-known is the role that Srinivasan played in supporting her husband’s endeavors. By using her own income to support the family, Srinivasan allowed Vembu to focus on building his business, free from the pressures of providing for their family.
The fact that Vembu has claimed to own just 5% of Zoho has raised eyebrows, particularly given the significant role that Srinivasan claims to have played in supporting the company’s growth. Furthermore, it has been reported that Vembu’s sister, Radha, is the largest shareholder of Zoho, with a 47.8% stake in the company. This has led to questions about the ownership structure of the company and the extent to which Vembu’s family members have benefited from his success.
The divorce case between Vembu and Srinivasan is ongoing, and it is likely that the issue of Zoho’s ownership will be a key point of contention. The court has ordered Vembu to post a $1.7 billion bond in the divorce case, which is a significant amount and reflects the high stakes involved.
The story of Vembu and Srinivasan serves as a reminder of the importance of recognizing the contributions of all individuals involved in building a successful business. While Vembu’s entrepreneurial spirit and vision have undoubtedly been key to Zoho’s success, it is clear that Srinivasan played a significant role in supporting her husband’s endeavors.
As the divorce case continues to unfold, it will be interesting to see how the issue of Zoho’s ownership is resolved. One thing is certain, however: the story of Vembu and Srinivasan serves as a reminder of the complex and often hidden dynamics that underlie the success of many entrepreneurs.
In conclusion, the story of Sridhar Vembu and Pramila Srinivasan is a complex and multifaceted one, and it highlights the importance of recognizing the contributions of all individuals involved in building a successful business. While Vembu’s entrepreneurial spirit and vision have undoubtedly been key to Zoho’s success, it is clear that Srinivasan played a significant role in supporting her husband’s endeavors. As the divorce case continues to unfold, it will be interesting to see how the issue of Zoho’s ownership is resolved.
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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