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 left many in the business world reeling. According to Srinivasan, she used her own income to support her husband’s entrepreneurial venture, Zoho, after he quit his job to pursue his passion. However, in a bitter twist, Vembu has now claimed that he owns a mere 5% of the company, leaving Srinivasan feeling shocked and betrayed.
The story of Zoho’s founding is one of passion and dedication. Sridhar Vembu, a talented entrepreneur, had a vision to create a software company that would revolutionize the way businesses operate. However, to pursue this dream, he needed to quit his job and focus on building Zoho from the ground up. It was during this time that Pramila Srinivasan, his wife, stepped in to support him financially, using her own income to ensure that the family’s needs were met while Vembu worked tirelessly to build his company.
“I felt proud to be able to support my husband’s dreams,” Srinivasan said in a recent interview. “I believed in him and his vision, and I was happy to do my part to help him achieve his goals.” However, little did she know that her contributions would be valued so lightly by her husband. “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 revealed.
The news has sent shockwaves through the business community, with many questioning the ethics of Vembu’s actions. How could a man who had spent years building a company with the support of his wife now claim that she owned such a small stake in the business? The answer, it seems, lies in the company’s ownership structure. According to reports, Vembu’s sister, Radha, is the largest shareholder of Zoho, with a staggering 47.8% stake in the company.
The revelation has raised many questions about the ownership and control of Zoho, with many wondering how Vembu’s sister came to own such a large stake in the company. Was it a gift from Vembu, or did she play a more significant role in the company’s founding than previously thought? The answers to these questions remain unclear, but one thing is certain: the divorce proceedings between Vembu and Srinivasan are set to be a long and contentious battle.
In a recent development, a US court has ordered Sridhar Vembu to post a $1.7 billion bond in the divorce case, a move that is seen as a significant blow to the billionaire entrepreneur. The bond is intended to ensure that Vembu does not attempt to hide or transfer assets during the divorce proceedings, and it is a clear indication that the court is taking Srinivasan’s claims seriously.
As the divorce proceedings continue to unfold, it is clear that the story of Zoho’s founding and ownership is far more complex than initially thought. The role of Vembu’s sister, Radha, and the true extent of Srinivasan’s contributions to the company’s success are just two of the many questions that remain unanswered. One thing is certain, however: the outcome of this case will have significant implications for the business world, and it will be closely watched by entrepreneurs and investors around the globe.
In conclusion, the story of Sridhar Vembu and Pramila Srinivasan is a cautionary tale about the importance of clear communication and transparency in business and personal relationships. It highlights the need for entrepreneurs to be mindful of the contributions of those around them, including their spouses and family members, and to ensure that their roles and ownership stakes are clearly defined. As the divorce proceedings continue to unfold, it is clear that this case will have far-reaching implications for the business world, and it will be watched with great interest by all.
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