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. From humble beginnings to building a software empire, Vembu’s journey is an inspiration to many. However, behind every successful man, there is often a woman who has played a crucial role in his success. In Vembu’s case, that woman is his wife, Pramila Srinivasan. Recently, Srinivasan has come forward with a shocking revelation 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. The couple was married, and Srinivasan was working at the time, while Vembu was trying to get his startup off the ground. She claims that she used her earnings to support the family, allowing Vembu to dedicate himself to building Zoho. However, in a stunning turn of events, Vembu has now claimed that Srinivasan owns just 5% of the company.
Srinivasan has expressed her shock and disappointment at this claim, stating that she felt deceived by her husband’s actions. “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. This revelation has raised many questions about the ownership structure of Zoho and the role that Srinivasan played in the company’s success.
It has been reported that Vembu’s sister, Radha, is actually the largest shareholder of Zoho, with a 47.8% stake in the company. This has led to speculation about the ownership structure of Zoho and how it was divided among family members. Srinivasan’s claim that she was not aware of the ownership structure and was only told that she owned 5% of the company after Vembu filed for divorce has raised eyebrows.
The dispute between Vembu and Srinivasan has been ongoing, with a US court recently ordering Vembu to post a $17 billion bond in their divorce case. This is one of the largest bond orders in a divorce case in US history, and it highlights the complexity and high stakes involved in the dispute.
The story of Vembu and Srinivasan serves as a reminder that behind every successful entrepreneur, there are often personal sacrifices and relationships that have played a crucial role in their success. It also highlights the importance of transparency and communication in relationships, particularly when it comes to business and financial matters.
As the dispute between Vembu and Srinivasan continues to unfold, it will be interesting to see how the ownership structure of Zoho is ultimately resolved. One thing is certain, however: the story of Vembu and Srinivasan will serve as a cautionary tale about the importance of transparency and communication in relationships, particularly when it comes to business and financial matters.
In conclusion, the story of Sridhar Vembu and Pramila Srinivasan is a complex and intriguing one. While Vembu’s success with Zoho is undoubtedly impressive, the role that Srinivasan played in his success should not be overlooked. As the dispute between the two continues to unfold, it will be important to remember the sacrifices that Srinivasan made to support Vembu’s vision, and the importance of transparency and communication in relationships.
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