Sridhar Vembu
CEO, Zoho CorporationBirth Details1968 | Thanjavur, Tamil Nadu
NationalityIndian
LeagueEntrepreneur
EducationB.Tech in Electrical Engineering, IIT Madras; PhD in Electrical Engineering, Princeton University
Net Worth$2.44 billion (As of October 7, 2020)
Sridhar Vembu's Assets:
Sridhar Vembu's Journey so far ...
Before you go ...
- Zoho Corp.
Sridhar Vembu's Journey so far ...
- After completing his doctoral studies from Princeton, Sridhar Vembu was offered a job as a lecturer
- But, realising that his interest was not in research but practical implementation, he decided to take up a job at Qualcomm as a wireless systems engineer
- During the 1990s, the software ecosystem in India was still in its nascent stage with a large pool of software engineers but not enough software products. So, Vembu decided to tap the market
- He quit Qualcomm a couple of years later, and in 1996, partnered with two of his siblings and three friends to form AdventNet Inc.
- He became the CEO of the company in 2000
- He was quick to recognise the potential of software as a service (SaaS) and in 2005, his company began developing SaaS-based solutions. The move marked the inception of Zoho
- After being unable to attract top talents from reputed universities, Vembu established Zoho University in 2005. Here, high school (Class 12) graduates from underprivileged backgrounds were taught computer programming and upon successful completion of the course, were offered jobs at Zoho
- By 2008, the company had a user base of over 1 million
- The company was renamed as Zoho Corporation in May 2009
- Today, Zoho has nearly 40 applications in its suite which allow businesses to manage everything from sales & marketing to accounting & customer support. One among their USPs is that the cloud-based software suite is offered at very competitive prices
- The company’s largest customer base is in the US followed by the European Union (EU) and India
- With R&D and innovation being its primary focus, the company currently has more than 50 million users globally, and Vembu owns around 88% stake in the company
Before you go ...
- Vembu never believed in raising money from venture capitalists or through an IPO and his company, till date, is completely bootstrapped
- In a bid to curb the trend of people migrating from villages to cities in search of job opportunities, Vembu moved from San Francisco to Mathalamparai -- a village in the district Tenkasi, around 650 km from Chennai -- in October 2019 and works out of a rural office set up by his company in the village
- His company has two rural offices with nearly 500 people working out of those outfits
Last Updated: 29/05/2021
Sridhar Vembu News
- Paytm Money CEO Varun Sridhar steps down; Rakesh Singh appointed as chief executivePaytm Money, the wealth management platform of One 97 Communication, has replaced chief executive Varun Sridhar, at the helm since 2020, with Rakesh Singh. Singh was the chief executive of broking services at Fisdom, a PayU-backed fintech. Sridhar will be moved to a different role within the Paytm group.
- Apollo names Madhu Sasidhar as CEO of hospital divisionPrior to joining Apollo, Dr Madhu held various roles at Cleveland Clinic, including president of Cleveland Clinic Tradition Hospital. He is a practicing physician with US board certifications in internal medicine, as well as pulmonary and critical care medicine. He completed his medical education at JIPMER, Pondicherry, and pursued further studies in Internal Medicine at St Luke’s-Roosevelt Hospital in New York City.
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Vijay Shekhar Sharma resigns as Paytm Payments Bank Chairman; bank's board reconstitutedOne 97 Communication, the parent company of fintech Paytm, informed the exchanges that founder Vijay Shekhar Sharma has resigned from the board of Paytm Payments Bank (PPBL). Srinivasan Sridhar, former chairman of Central Bank of India, retired IAS officer Debendranath Sarangi, former executive director of Bank of Baroda Ashok Kumar Garg, and retired IAS Rajni Sekhri Sibal have joined the board as independent directors. Vijay Shekhar Sharma resigns as Paytm Payments Bank Chairman; bank's board reconstitutedBristol Myers Squibb opens innovation hub in HyderabadBristol Myers Squibb (BMS) has opened an innovation hub in Hyderabad, India, to expand its global drug development, information technology, and digital capabilities. The facility, expected to house over 1,500 employees, represents an investment of over $100 million. BMS aims to accelerate drug development, enhance digital capabilities, and diversify its global workforce by tapping into local talent in Hyderabad.Zoho CEO Sridhar Vembu joins Ayodhya's Ram Mandir inauguration, expresses gratitude over invitationZoho CEO Sridhar Vembu attends Ayodhya's Ram Temple inauguration, expressing gratitude alongside his family. The ceremony, graced by prominent figures including OYO CEO Ritesh Agarwal, marks a historic day as Prime Minister Narendra Modi oversees the consecration of Ram Lalla. The temple, an architectural marvel, witnesses participation from cricket and Bollywood stars. As the nation celebrates, stringent security measures are in place, and several states declare holidays. The event blends spirituality, business, and culture in a momentous occasion.I remain bearish on IT, expect EMS to boom: Sridhar SivaramSridhar Sivaram says: “EMS as a space, whether it is China/Europe plus one or not, is going to boom anyway, because the electronic component in our daily lives is significantly going up. Having said that these stocks have rallied a lot, their earnings will also grow; it may not be structural, but it may not be like every quarter it will grow. So you will see surprises here. Those are the opportunities to buy.”Sridhar Sivaram says FII flows we are expecting may not materialise. Here's whySridhar Sivaram says: “We will see manufacturing as the next big theme for India like what happened to auto ancillary. 20 years back, we were just an assembly unit in India. And today, 95% is manufactured within India. The sceptics say that, oh, this is just an assembly unit, not more than 10%. But that is changing. Maybe in the next three years, we will go to 30% manufactured or value added in India.”Telangana CM Revanth Reddy announces Rs 5 lakh accident insurance policy for gig workers, cab, auto driversTelangana Chief Minister A Revanth Reddy has announced that the state government will provide Rs 5 lakh accident insurance to gig workers, including those involved in food delivery, cab driving, and auto-rickshaws. Additionally, the government will offer Rs 10 lakh health cover under the Rajiv Arogyasri scheme for gig workers. The chief minister assured workers in the unorganized sector of social security and pledged to study the existing policy for gig workers in Rajasthan to introduce an effective law in the upcoming state budget session.Newly-elected MLAs take oath as maiden session of Telangana Assembly beginsThe first session of the Third Telangana Legislative Assembly commenced with the oath-taking ceremony for newly-elected MLAs. Chief Minister A Revanth Reddy and Deputy Chief Minister Mallu Bhatti Vikramarka took their oaths, with AIMIM MLA Akbaruddin Owaisi sworn in as Protem Speaker. CM Reddy retained Municipal Administration, Urban Development, General Administration, and Law & Order, along with unallocated portfolios.Edible oil brand Sunpure enters packaged jaggery marketThe company has ambitious plans to become a pan-India FMCG brand that empowers Indian consumers to embrace healthy living. Given that Indian consumers are becoming increasingly health conscious and looking to replace refined, white sugar in their diets with a healthier alternative, the company decided to venture into the new segment with Sunpure Jaggery, the company said in its statement.
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