Today I am going to talk about an Indian entrepreneur his name is Sridhar Vembu who has built the most renowned software and CRM companies, the company is known as ZOHO Corps which is generating a good amount of revenues and located in the US. Coming years, Sridhar has a lot of plans for ZOHO that you cannot compare from others. So, let’s move forward to know more about him.
About Shridhar Vembu.
Sridhar Vembu is an Indian entrepreneur who founded the ZOHO software company in 1996. According to Forbes, in 2019, his company’s net worth was 1.83 billion dollars. Sridhar Vembu got a Ph.D. degree in electrical engineering from Princeton. In 1994, he started his career at Qualcomm. a couple of years later he started the company that focuses on web-based business tools and office suite.
According to Forbes, Sridhar Vembu is the 76th richest man in India. He is 52 years old and living in Pleasanton, California. He is running the software company for 24 years. The company is counting Salesforce among its biggest competitor, now some report shows that Sridhar Vembu is looking to enlarge organization into America’s heartland and Mexico.
Sridhar Vembu is a very simple man who still likes to drive an old Toyota. He wears a simple dress and reads Indian philosophy. Forbes has mentioned that ZOHO has taken a 375-acre campus in Austin, Texas for the campus. On-campus, you will also see ZOHO University.
ZOHO is a web-based online office suite that contains word spreadsheets, presentations, web conferencing, wikis, databases, project management, invoicing, note-taking, and much more application. The company global headquarters in Chennai and has seven offices in different countries. Within 24 years ZOHO has introduced 55 apps and 35 million users across the world. ZOHO corporation culture is completely different than others. one interview Vembu said, “We don’t think of it just as a company, it is also a community inside” He doesn’t like the culture replacing people every three years.
History of ZOHO
From 1996 to 2003, the company was known as AdventNet.inc. Sridhar Vembu started the company with his friend Tony Thomas. in 2001, AdventNet expended the operation in Japan. Four years later (IN 2005) ZOHO CRM was launched, followed by the release of the project, Sheet, and creator in 2006. A year later ZOHO enlarged into the collaboration space with the ZOHO Docs and introduced new features like invoicing and mail application. After introducing these features, the company had 1 million users by august 2008. despite having several competitors, the company was doing well
Watching the success of ZOHO, in 2009 the company got a name called ZOHO corporation. I got surprised by knowing that the company was raised without outside funding. Vembu and his family own 88% of the ZOHO share. According to Wikipedia, since 2005, ZOHO has launched additional apps every year, and in 2017 ZOHO launched a new app called ZOHO. Lately, ZOHO got big 50 million users all over the world. Sridhar Vembu has made name huge in the software world by himself. The company has employed more than 5000 people.
Some words come from Shridhar Vembu
“Go set up businesses in smaller towns, grow the local economy and build strong value-based relationships with people willing to work towards a common goal. This will truly make you successful.” ~ Sridhar Vembu
“Finance is the most seductive mistress and several start-ups have been seduced by it. it is like a drug and its addiction destroys the patient.” ~ Shridhar Vembu
“Start-up founders should learn not to impress others and learn to make a business work and work with clever employees.” ~ Shridhar Vembu
Some amazing facts about Shridhar Vembu
You may surprise that Vembu is running the ZOHO University in house. The university offer training to those students who have just completed 12th and have fundamental math and tech skills.
Another one Shridhar Vembu his wife and son live on a five-acre ranch in Pleasanton, California. In the ranch, you can see so many goats.
Shridhar Vembu has mentioned that he is more worried about the brave new world than artificial intelligence that will destroy the job.