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. However, behind every successful man, there is often an untold story of sacrifice and dedication from their partner. In this case, it is Vembu’s wife, Pramila Srinivasan, who has come forward to reveal the shocking truth about her husband’s business dealings and their marital struggles.
According to Srinivasan, she used her income to support Vembu when he quit his job to focus on building Zoho. She stood by him, making sacrifices and putting her own career on the backburner, so that he could pursue his dream. However, in a shocking turn of events, Vembu has now claimed that she owns only 5% of the company that they built together over the years.
Srinivasan expressed her shock and disillusionment when she learned about Vembu’s claims, stating, “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.” This revelation has left her feeling betrayed and cheated, as she had always believed that their contributions to the company were equal and that they were partners in every sense of the word.
What’s even more surprising is that Vembu’s sister, Radha, is the largest shareholder of Zoho, with a staggering 47.8% stake in the company. This has raised questions about the ownership structure of the company and how Vembu’s family members have benefited from the business.
The news of Vembu’s divorce and the subsequent revelations about the company’s ownership have sent shockwaves through the business community. Many are questioning how Vembu could claim that his wife owns only 5% of the company, when she had been his partner and supporter throughout their marriage.
The case has also sparked a debate about the role of women in entrepreneurship and the sacrifices they make to support their partners. Srinivasan’s story is a reminder that behind every successful entrepreneur, there is often a partner who has made significant sacrifices to support their loved one’s dreams.
In recent news, a US court has ordered Sridhar Vembu to post a $17 billion bond in the divorce case, which is a significant development in the ongoing legal battle. The court’s decision is seen as a major victory for Srinivasan, who has been fighting to protect her rights and interests in the company.
As the case continues to unfold, it will be interesting to see how the ownership structure of Zoho is resolved and how Vembu’s claims are disputed. One thing is certain, however – Srinivasan’s story has shed light on the often-overlooked contributions of women in entrepreneurship and the importance of recognizing their role in building successful businesses.
The story of Sridhar Vembu and Pramila Srinivasan is a complex one, with many twists and turns. However, one thing is clear – the sacrifices made by Srinivasan to support her husband’s dreams have been significant, and she deserves to be recognized and compensated for her contributions to the company.
In conclusion, the story of Vembu and Srinivasan is a reminder that behind every successful entrepreneur, there is often a partner who has made significant sacrifices to support their loved one’s dreams. It is a story of love, sacrifice, and betrayal, and it highlights the importance of recognizing the contributions of women in entrepreneurship.
As we wait to see how the case unfolds, one thing is certain – Srinivasan’s story will be an inspiration to many women who have made similar sacrifices to support their partners. Her courage and determination to fight for her rights will be a beacon of hope for those who have been marginalized and overlooked.
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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