Good Founder, Good Father, Good Husband Vembu

Zoho CEO Sridhar Vembu calls it ‘complete fiction’ in a Twitter thread
Listen to this story

Forbes recently published a detailed story on how Zoho CEO Sridhar Vembu had allegedly abandoned his wife Pramila Srinivasan and their special-needs son and is keeping them from receiving their share of assets. Today, Vembu took to Twitter to respond to the allegations calling the article ‘slander’ and his wife’s account ‘complete fiction’. 

Furthermore, Vembu has blamed his paternal uncle for the ‘malicious rumours’.

The news report claimed that Vembu, in cold blood, got rid of a huge amount of his stake at Zoho during their ongoing divorce case in California where the family lived for years. The transaction moved Zoho’s intellectual property to India and Vembu shifted a major chunk of 35% of shares to his sister (Radha) and her husband (Sekar). 

Subscribe to our Newsletter

Join our editors every weekday evening as they steer you through the most significant news of the day, introduce you to fresh perspectives, and provide unexpected moments of joy
Your newsletter subscriptions are subject to AIM Privacy Policy and Terms and Conditions.

“He decided to make fictitious transfers or ‘sales’ of our most valuable community asset to his family members without their paying any cash or other consideration, and without ever telling me or asking my permission,” Pramila declared in a court filing earlier this year in January.




(Source: Filing from the Vembu & Srinivasan divorce case)

Denying the occurrence of this transaction, Vembu assured in the Twitter thread, “I never ever transferred my shares in the company to anyone else. I lived in the US for the first 24 years of our 27-year history and much of what constitutes the company was built in India. That is reflected in the ownership.”

The Forbes report included the court filings made by Pramila. According to sources, Vembu’s sister Radha owns a 47.8% stake valued at around $2.2 billion, whereas her husband Sekar’s stake amounts to 35.2% at $1.6 billion.  

Vembu’s version of him being involved in taking care of his autistic son goes against Srinivasan’s court filings. The article also mentioned conflicting versions of the genesis of Zoho and questioned some of Vembu’s past claims. 

Currently, Zoho has a market value of between $5 billion – $15 billion. Last year, the software suite company crossed $1 billion globally in revenue. The SaaS company offers over 50 business applications to around 80 million users. 

Tasmia Ansari
Tasmia is a tech journalist at AIM, looking to bring a fresh perspective to emerging technologies and trends in data science, analytics, and artificial intelligence.

Download our Mobile App

MachineHack

AI Hackathons, Coding & Learning

Host Hackathons & Recruit Great Data Talent!

AIM Research

Pioneering advanced AI market research

Request Customised Insights & Surveys for the AI Industry

CORPORATE TRAINING PROGRAMS ON GENERATIVE AI

Strengthen Critical AI Skills with Trusted Corporate AI Training

Our customized corporate training program on Generative AI provides a unique opportunity to empower, retain, and advance your talent.

AIM Leaders Council

World’s Biggest Community Exclusively For Senior Executives In Data Science And Analytics.

3 Ways to Join our Community

Telegram group

Discover special offers, top stories, upcoming events, and more.

Discord Server

Stay Connected with a larger ecosystem of data science and ML Professionals

Subscribe to our Daily newsletter

Get our daily awesome stories & videos in your inbox
MOST POPULAR