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, a recent revelation has raised questions about the true cost of his success. His wife, Pramila Srinivasan, has come forward with a shocking claim that she used her income to support Vembu while he built Zoho, only to be told that she owns just 5% of the company after he filed for divorce.
Srinivasan’s statement has sent shockwaves through the business community, with many wondering how someone who had allegedly sacrificed so much for the company’s success could be left with such a small stake. According to Srinivasan, she had been the primary breadwinner in the family after Vembu quit his job to focus on building Zoho. She used her income to support the family, allowing Vembu to dedicate himself to his vision.
“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 questions about the ownership structure of Zoho and the role that Srinivasan played in its success. If she had indeed used her income to support Vembu during the company’s early days, it is only fair to assume that she would have a significant stake in the company.
However, a closer look at the company’s ownership structure reveals a different story. Vembu’s sister, Radha, is the largest shareholder of Zoho, with a staggering 47.8% stake. This has led to speculation about the true nature of Vembu’s relationship with his sister and the role she played in the company’s success. While it is not uncommon for family members to be involved in business ventures, the significant disparity between Radha’s stake and Srinivasan’s alleged 5% stake has raised eyebrows.
The news of Vembu’s divorce and the subsequent revelation about the company’s ownership structure has also sparked a debate about the rights of spouses in business ventures. Many have argued that Srinivasan’s contribution to the company’s success, both financially and emotionally, should be recognized and rewarded. Others have pointed out that the lack of clear documentation and agreements between spouses can often lead to disputes and unfair outcomes.
The case has also highlighted the importance of having clear and transparent ownership structures in businesses. The fact that Vembu’s sister is the largest shareholder of Zoho has raised questions about the company’s governance and the role of family members in its decision-making process. As the company continues to grow and expand, it is essential that its ownership structure is transparent and fair to all stakeholders.
In a recent development, a US court has ordered Sridhar Vembu to post a $1.7 billion bond in the divorce case. This move is seen as a significant development in the case, as it recognizes the substantial assets at stake and the need for a fair and transparent outcome. The court’s decision is a testament to the gravity of the situation and the need for a thorough examination of the company’s ownership structure and the role of all stakeholders involved.
As the case continues to unfold, it is essential to consider the broader implications of Vembu’s actions and the impact they have on his family and the business community. The story of Sridhar Vembu and Zoho serves as a reminder that success is not just about achieving greatness but also about being fair and just to those who have contributed to it.
In conclusion, the story of Pramila Srinivasan and Sridhar Vembu is a complex and multifaceted one, with many questions still unanswered. As the case continues to unfold, it is essential to consider the rights and contributions of all stakeholders involved. The outcome of this case will have significant implications for the business community and the rights of spouses in business ventures.
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