Born in 1968, Sridhar Venbu founded Zoho in the 90s. According to Forbes, Sridhar Venbu became India’s 55th richest person in 2021. His net worth was $3.75 billion. Sridhar was among the few businessmen who were awarded the Padma Shri.
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Sridhar Vembu, the founder of the well-known software company Zoho, is in discussion. The company has earned a profit of Rs 2,749 crore in the financial year 2022-2023. This year it has become the highest profit earning Indian internet company. Zerodha is on the second rung. Zoho’s profit has increased by 28 percent this year. The profit of the company has increased from Rs 5,230 crore to Rs 6,711 crore. Presently 12 thousand employees are working for Joha.
Born in 1968, Sridhar Venbu founded Zoho in the 90s. According to Forbes, Sridhar Venbu became India’s 55th richest person in 2021. His net worth was $3.75 billion. Sridhar was among the few businessmen who were awarded the Padma Shri.
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Company started in 1996
Brought up in Thanjavur, Tamil Nadu, he graduated in Electrical Engineering from IIT Madras and did his PhD in the US. He started his career here. Started working as a wireless engineer for Qualcomm in America’s Silicon Valley. After some time he came to San Francisco.
In 1996, he started the software development firm AdventNet with his brother. In 2009, its name was changed to Zoho Corporation. It is working in the field of software solutions.
Office built in the village too
Vembu never raised capital after selling equity for the company. As of 2020, he held an 88 percent stake in Zoho. With time the company grew rapidly. Sridhar has always had an affinity for villages. The development of villages remained his priority. Therefore, apart from Chennai, he also built an office of the company in Mathalamparai village of Tenkasi district of Tamil Nadu. In an interview, Sridhar told, when the personnel from outside Chennai were reinstated in the company, then the idea came that we should change the trend of migration from villages to cities. We were looking for such a village with a population of about one lakh in the western coastal region, where it has basic facilities.
He says, first a small office was taken on rent in Tenkasi. After this, he bought the old factory in the nearby Mathalamprai village and converted it into a campus. At present there are about 500 employees working here.
Established Zoho School for software training
Sridhar’s dream was to start such a school where software training could be done to the children. For this he started Zoho School. Here software training is given to non-technical students. Presently Sridhar lives in Mathalamprai village. They use electric rickshaws to travel anywhere and make a road map for the development of the company sitting here.
Sridhar himself goes to teach where he started the Zoho School of Learning to train high school and diploma students. Apart from this, he did many works for skill development, women empowerment and community development here.
Zoho provides housing facilities to its employees. Not only this, the company is also investing in agriculture. Apart from this, the company is also working to create awareness about organic farming among the local farmers.
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