Sridhar Vembu is an Indian business executive and a leader in the world of cloud computing and business software. He is the founder and CEO of Zoho Corporation, a multinational technology company based in India. Founded in 1996, Vembu led Zoho to become one of the most successful software development firms in the country. Today, Zoho’s market valuation is over $1 billion.
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Who is Sridhar Vembu?
Sridhar Vembu is an Indian businessman and billionaire. He founded Zoho Corporation in 1996 with his siblings and three friends. However, the company was known as AdventNet, Inc. till 2009.
He has received many accolades during his successful career. In 2019, he won the Ernst & Young “Entrepreneur of the Year Award”. In 2021, the Indian government bestowed him with the Padma Shri, the fourth-highest civilian award in India.
Additionally, he was chosen as the CNN-News18 Indian of the Year 2022.
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Sridhar Vembu Net Worth
As of 2024, Sridhar Vembu’s net worth is $4.7 billion. As a result, he is the 55th-richest man in the country. Plus, as of 2020, his ownership stake in the billion-dollar corporation was 88%.
Education
Sridhar Vembu was born in 1968 in Thanjavur district, Tamil Nadu. He graduated with a bachelor’s degree in Electrical Engineering from the Indian Institute of Technology, Madras, in 1989. He then went on to earn his MS and PhD degrees from Princeton University in New Jersey.
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Career
Sridhar Vembu launched his professional career as a wireless engineer at Qualcomm in San Diego, California, before relocating to the San Francisco Bay Area.
In 1996, Vembu, along with two of his brothers, founded AdventNet, a software development company for network equipment providers. The company was renamed Zoho Corporation in 2009, shifting its focus to providing SaaS support for customer relationship management services.
Then, Vembu moved to Tenkasi, India, in 2019. As of 2020, he held an 88 percent stake in the company, with Forbes estimating his net worth at USD $2.44 billion.
Also, in 2021, Sridhar Vembu was appointed to the National Security Advisory Board. Vembu and his co-founder Tony Thomas have entirely bootstrapped Zoho to avoid external influence.
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Latest Updates
Recently, Zoho concluded its Zoho Corp. trade show. The governor of Tamil Nadu, Mr. R. N. Ravi was the Chief Guest at the event. The event concluded with a Carnatic musical performance by Dr. Umayalpuram Sivaraman and Sikkil Gurucharan.
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FREQUENTLY ASKED QUESTIONS
Which country owns Zoho?
Zoho Corporation is a multinational technology company based in India. It was founded in 1996 by Indian business magnate Sridhar Vembu.
How did Sridhar Vembu start Zoho?
In 1996, Sridhar Vembu and his siblings founded a software development company for network equipment providers called AdventNet. In 2009, the company’s name was changed to Zoho Corporation as it shifted its focus to providing SaaS support for customer relationship management services.
Is Zoho a successful company?
Yes, Zoho is a successful company. It is a unicorn; as of 2024, its market valuation is over $1 billion.
