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, where individuals with a vision and determination build successful companies from scratch. One such story is that of Sridhar Vembu, the founder of Zoho, a cloud-based software company that has become a household name. However, behind every successful man, there is often a partner who has played a crucial role in their journey. In the case of Sridhar Vembu, it is his wife, Pramila Srinivasan, who has come forward with a shocking revelation that has left many stunned.
According to Pramila, she used her income to support Sridhar Vembu when he quit his job to pursue his dream of building Zoho. She claim that she was the sole breadwinner of the family during the initial years of Zoho, allowing Sridhar to focus on building the company without any financial stress. However, in a stunning turn of events, Pramila has revealed that Sridhar has now claimed that she owns just 5% of the company, despite her significant contributions to its success.
Pramila’s revelation has come to light in the midst of a divorce case filed by Sridhar in a US court. The case has taken a dramatic turn, with Pramila alleging that Sridhar has undervalued her contributions to the company and is now trying to deny her rightful share of the business. The court has ordered Sridhar to post a $17 billion bond, a significant amount that reflects the vast wealth that Zoho has generated over the years.
The story of Zoho’s success is well-known, with the company growing from a small startup to a global giant with a valuation of over $10 billion. Sridhar Vembu’s vision and leadership have been widely credited for the company’s success, but Pramila’s allegations suggest that there may be more to the story than meets the eye. According to Pramila, she was not just a supportive wife but an active partner in building the company, using her income to fund the business during its early years.
Pramila’s claims have also raised questions about the ownership structure of Zoho, with reports suggesting that Sridhar’s sister, Radha, is the largest shareholder with a 47.8% stake. This has led to speculation about the role of family members in the company and whether they have benefited from the success of Zoho at the expense of other stakeholders, including Pramila.
The case has sparked a debate about the rights of spouses in entrepreneurial ventures, particularly when they have made significant contributions to the business. Pramila’s allegations have highlighted the need for greater transparency and fairness in the way that companies are owned and managed, particularly when it comes to the roles of family members and spouses.
As the divorce case continues to unfold, it remains to be seen how the court will ultimately decide on the ownership structure of Zoho and the rightful share of Pramila. However, one thing is clear: the story of Zoho’s success is more complex than initially thought, and there may be more to the story than the simple narrative of a visionary entrepreneur building a successful company from scratch.
The case has also raised questions about the culture of entrepreneurship and the way that companies are built and managed. While Sridhar Vembu’s success with Zoho is undeniable, the allegations made by Pramila highlight the need for greater awareness and understanding of the roles that spouses and family members play in entrepreneurial ventures.
In conclusion, the story of Pramila Srinivasan and Sridhar Vembu is a complex and intriguing one, highlighting the challenges and complexities of building a successful business. While the outcome of the divorce case remains to be seen, one thing is clear: the story of Zoho’s success is more nuanced than initially thought, and there may be more to the story than the simple narrative of a visionary entrepreneur building a successful company from scratch.
Read the full story here:
https://www.thenewsminute.com/news/exclusive-us-court-orders-sridhar-vembu-to-post-17-billion-bond-in-divorce-case
About the Author
